BSBPMG508A Manage Project Risk Assignment

Assignment Help Project Management

Reference no: EM132605704

BSBPMG508A Manage Project Risk - Oceania Polytechnic Institute of Education

Assessment 1: Conduct a meeting with the site supervisor.
A new build is beginning and the work team have been asked by the client to use a new material for the exterior of the house. The new concrete absorbs pollution in the air, and is better for the environment. However, the new resource has only been available for approximately nine months, and is not readily available. Additionally, a company in Sydney has been in the news recently for abandoning a commercial project that was supposed to use the same material. (Additional information about the project is included in Appendix A)

Meet with your site supervisor (to be played by your assessor). The meeting is to assess the potential risks of the build. You must identify at least 3 risks. They have collected surveys from the work team to assist with risk awareness.

Your assessor will be looking for:
a) Knowledge of the risk context, including relevant legislation and regulations
b) Ability to classify risks according to likelihood and severity
c) Justification of your answers

Assessment 2: Create a risk plan. (Maximum of 400 words)

Please note that the details of this assessment continue onto the next page.
Create a risk management plan for this build. This document will be used by management and the work teams to monitor and control risks, so you will need to use language that is appropriate for a wide audience.
As the document will be used as a reference, you will need to ensure that it is compliant with relevant legislation.

It must include:
a) Completed risk register, with a minimum of 5 risks (refer to template in appendix B)
b) A job safety analysis (refer to appendix C for a template)
c) Explain how people can submit feedback on the document
d) Risk treatments for the identified risks

(Maximum of 400 words)

Assessment 3: Consult with the client.
Meet with the client to discuss the risks associated with their build. Consult with the client to discuss risk treatments, and allow the client to participate in deciding the importance of the risks.

Your assessor will be looking for:
a) Customer service and interpersonal skills

Assessment 4: Monitor and control new risks by updating risk plan. (Maximum of 600 words)
One of Metharom's previous suppliers has started to stock the new concrete. The store is Cheltenham, and offers competitive pricing. However, the two companies severed their partnership in 2014 on bad terms. Henchmann Supplies frequently made late deliveries without notice or compensation.

Considering this information, you must modify the plan from assessment 2 to include:
a) New risks
b) Changes to already established risks
c) A minimum of two risk treatments
d) Who is responsible for managing the new risk

(Maximum of 600 words)

Assessment 5: Review and evaluate existing processes, and make recommendations via a written report. (Maximum of 750 words)
Create a report to evaluate risk management processes. Your report must include:
a) A minimum of 3 suggestions for improving risk management processes
b) A list of at least 5 risks that affect Metharom's future
c) A suggestion for a process that would improve all future projects
d) Justification of your opinions

Assessment 6:
1 List 4 pieces of information that must be included in a risk management plan.
2 Explain the following:
Risk responsibility
Risk register
Risk criteria
3 Outline the steps for developing a risk management plan.
4 Define the following:
Known/known
Known/unknown
Unknown/unknown
5 What is an unknowable risk?
6 Label this diagram appropriately.
7 What are 5 ways that you can consult with employees regarding risk?
8 Why are stakeholders included in risk management processes?
9 Compare and contrast qualitative and quantitative risk assessment methods.
10 Label this diagram of a risk matrix, including what the different shades of grey represent.

Attachment:- Manage Project Risk.rar

Reference no: EM132605704

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