Learning Outcomes
Critically analyse project risks and develop a range of strategies to effectively manage those risks in order to ensure expected project management outcomes.
Instructions:
This assessment has two parts: a post (Part A) and a Risk Management report (Part B)
Part A: Module 4-5 Discussion Forum
Each student will construct a post in approximately 850 words to the following questions and post on the Module discussion forums by the end of Module 5. Students will be graded individually on how students demonstrate / share theories and contribute to the general discussion of the topic within the group over weeks 7, 8 & 9.
Module 4-5 Topic: Project Status Reporting
Discuss the challenges and pitfalls of different status reports. Explain the difference between the status reports provided for teams, sponsor, and steering committee.
Output:
Module 4-5 discussion - provide a post by the end of Module 5.
Part B: Risk Management
Create a risk management report for the approved/given case study used in Assessment 1. In your report, include:
1. Risk identification and impact assessment
• Identify and critically analyse the impact of possible risks for the case study.
• Record the risks identified in a Risk Register.
• Use a risk probability and impact matrix to rate and prioritise the risks.
2. Risk management and reporting
• Develop mitigation strategies to effectively manage identified risks in the case study.
• Identify and describe how the stakeholders will be apprised of the project's ongoing risk management activities.
The written portion of your Risk Management Plan should consist of 1000 words/student.
For students' reference, an example of a Probability and Impact Matrix is illustrated in the PMBOK Guide.
*Note: Need only part B
Word count:1000