Discussion Essay Example | Topics and Well Written Essays - 250 words - 75

Discussion - Essay Example The next step is identifying the tasks required to accomplish these objectives. A typical WBS takes the structure of a flow chart or a tree diagram. The primary objective is shown at the top the main objectives and then below increasingly specific details. This makes it easier for an observer to reads down. Below is a simple example of a work breakdown structure which a manager used to manage a team of programmers. No business can operate without risk. Often the bigger the risk the better the reward, any business or project manager must ensure that the business has a sound risk reward strategy and proper money management. Below are two examples of risks assumed by a manager in charge of managing traders at an Investment Bank and how the manager tackles these risks. In financial markets volatility is the variation of price of an instrument within a given duration of time. Adverse movement in price could course serious loses. The manager can tackle this by ensuring that traders trade commodities with zero correlation. In the financial markets, the lot size of a trade can determine the size of potential loss/ profit. In the event a trader makes a wrong trade the loss can be substantial. The manager can tackle this risk by ensuring that on any given trade only a specific dollar value is risked and stop loss orders placed at the opening of a