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ASSESSMENT BRIEF | |
Subject Code and Title | PROJ6003 Project Execution and Control |
Assessment | Assessment 2: Risk Management (2 parts) Part A: Module 4-5 Discussion Forum
Part B: Risk Management |
Individual/Group | Part A: Individual
Part B: Individual/groups |
Length | Part A: 850 words
Part B: 1500 words/student |
Learning Outcomes | 2. Critically analyse project risks and develop a range of strategies to effectively manage those risks in order to ensure expected project management outcomes. |
Submission | Part A: The post to be completed by end of Module 5.
Part B: By 11:55pm AEST/AEDT Sunday first half of Module 6. |
Weighting | 50% (Part A: 15%; Part B: 35%) |
Total Marks | Part A: 15 marks Part B: 35 marks |
Context:
As project work is executed, project managers make certain that quality assurance is conducted and quality is controlled. Quality assurance consists of the activities that are undertaken to ensure that a project uses the processes needed to meet quality requirements. Meanwhile, quality control entails monitoring specific project results to determine whether they meet relevant quality standards, which have been defined with the project scope.
Planning for risk management involves determining how to approach, plan and execute the various activities required for managing project risks. Because new risks may be introduced at any point in the project management life cycle, risk management is a continuous process. It begins at the project-planning phase and continues throughout the project-execution phase.
Effective communication is a key factor for managing project execution. However, project managers may face challenges as they communicate with their teams and other project stakeholders. Other factors such as developing, leading and managing project team members
are also critical for successfully achieving project goals.
Instructions:
This assessment has two parts: a post (Part A) and a Risk Management report (Part B)
Create a risk management report for the given case study used in Assessment 1. In your report, include:
NOTE: Master of Business Information Systems students must use an IT project as an example in this assessment.
The written portion of your Risk Management Plan should consist of 1500 words/student.
For students’ reference, an example of a Probability and Impact Matrix is illustrated in the PMBOK Guide®.
Complete and submit Part B by first half of Module 6.
Learning Resources:
Heldman, K. (2013). PMP Project Management Professional Exam Study Guide (7th ed.). Indianapolis, IN: Wiley.
Project Management Institute. (2013). A guide to the project management body of knowledge (PMBOK Guide®) (5th ed.). Newtown Square, Pennsylvania: Project Management Institute.
Snyder, C. S. (2013). A project manager’s book of forms: A companion to the PMBOK guide
(2nd ed.). Indianapolis, IN: Wiley.
Wysocki, R. K. (2012). Effective Project Management: Traditional, Agile, Extreme (6th ed.). Indianapolis, IN: Wiley.
Chemuturi, M. (2013). Mastering IT Project Management: Best practices, tools and techniques. Retrieved from https://lesa.on.worldcat.org/oclc/869302200
Risk assessment is an essential part of any project management plan, it aims to focus on the risks involved in completing the project and their impact, the probability of occurrence, it also help attain strategies to mitigate those risk.
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