Reference no: EM132858099 , Length: word count:1400

PROJ6003 Project Execution and Control - Torrens University Australia

Assessment - Risk and Communication Management

Risk Management Report

Learning Outcome 1: Critically analyse project risks and develop a range of strategies to effectively manage those risks in order to ensure expected project management outcomes in a variety of projects, including IT projects.

Learning Outcome 2: Critically reflect on the project leadership and communication skills required to maximise project outcomes in the execution, control and closure phases of projects.

Task Summary

In this assessment, you will further analyse the case study that was introduced in Assessment 1. You are required to write a group report of 1500 words per student (excluding tables, figures, graphs) demonstrating your understanding of Risk and Communication Management by:
Identifying risks from the given case study, critically analysing their impact on the project, using a Probability & Impact Matrix to assess these risks and propose response strategies and actions to managed the identified risks as well as identifying how stakeholders will be communicated about the risk management strategy. A complete Risk Register should also be submitted attached to the report demonstrating how the team developed and applied this key output of project risk management.

The intention of this assessment is that you take a practical approach by considering that this risk report will be submitted to key stakeholders of given case study, as well as it allows you to practice the soft skills required to work effectively in a team. Negotiation of roles and responsibilities within the group are the responsibility of students.

Please refer to the Task Instructions for details on how to complete this task.

Context
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 lifecycle, 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.

Task Instructions

To complete this assessment task, you must:

1. Form groups of three (3) people. Groups will be formed by students themselves or assigned by the Learning Facilitator in consultation with the students, if required.
» Only in exceptional situation a different group size may be approved by the Learning Facilitator.
» The deadline for team formation is 11:59pm AEST/AEDT Friday end of Module 2 (Week
4) to be advised to the Learning Facilitator in class or via email.

2. Ensure that you have read the given case study and resources from the subject, as all as any additional research you may find relevant and that will add value to your report. Review your subject notes, as well the Lecture slides and any other information provided by the Learning Facilitator in support of this assessment.

3. Create a report for the given case study used in Assessment 1. The report should encompass a practical approach in addressing the following requirements:
» Risk Identification and Impact Assessment
a) Identify possible risks for the case study and critically analyse the impact of these risks.
b) Use a Risk Probability and Impact matrix to rate and prioritise risks.
c) Develop appropriate response strategies, including a proposed course of action, to effectively manage each identified risk.
d) Create a complete Risk Register for the case study.
» Risk Management Reporting
e) Identify and explain how stakeholders will be communicated and engaged on the
project's ongoing risk management activities.
Note: The Learning Facilitator will advise a minimal number of risks to be managed throughout the report according to the group/class size.
4. The report should consist of the following structure:
» One Title Page with subject code and name, assignment title, students' names, students' ID, lecturer's name, word count and date submitted.
» One Executive Summary providing the summary of your report, containing key findings, tools & techniques used, methodology, constraints and recommendations. This section allows the reader to rapidly become acquainted of a large portion of your material. It is usually around 10% of your report and written last.

» One Table of Contents with the structure of the report, including page numbers and headings.
» One Introduction that will also serve as your statement of purpose for the report-this means that you will tell the reader what you are going to cover in your report as well as provide: Background of the case study and context of the report and outline of the report (what the reader can expect to find in the body of the report).
» The Body of the Report in which you will cover all five (5) requirements listed above (a to e). This section of your report will contain the information that is required to demonstrate your understanding of the case study and key Project Management concepts under discussion by applying them into your report.
- The report layout should be logical and lead the reader through a story which identifies the key points being discussed and takes the reader to your conclusion.
» One Conclusion summarising any findings or recommendations that the report puts forward regarding the concepts covered in the report.
- There should not be any new information in the conclusion.
» One list of References providing every source cited within your report.
- Only cited sources are listed in the References.
- They should be listed alphabetically.
- They need to be valid and linked with the topic/content provided within the report.
» An Appendix that can contemplate any additional tables or information that support your report.
- Your team's complete Risk Register (requirement d) can be contained in here in A3 Landscape or inserted as an object.

Attachment:- Risk and Communication Management.rar