Create a risk management report

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Reference no: EM132300647

Assessment: Risk Management

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.

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)

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 appropriate response 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.

Attachment:- Project Execution and Control.rar

Verified Expert

The present solution is based on the topic of Risk management, which comprises Part A only.The contents were prepared according to the given instructions and rubrics.All the contents present are unique and is free from any type of plagiarism.The final solution is submitted in Microsoft Office word document file. The total word count of this solution is more than 850 words.Part B will be provided by tomorrow at 6 pm.

Reference no: EM132300647

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Reviews

len2300647

5/7/2019 4:56:00 AM

Use of academic and discipline conventions and sources of evidence 10% Is very well-written and adheres to the academic genre. Consistently demonstrates expert use of good quality, credible and relevant research sources to support and develop appropriate arguments and statements. Shows evidence of reading beyond the key reading There are no mistakes in using the APA style. Expertly written and adheres to the academic genre. Demonstrates expert use of high-quality, credible and relevant research sources to support and develop arguments and position statements. Shows extensive evidence of reading beyond the key reading There are no mistakes in using the APA Style.

len2300647

5/7/2019 4:55:59 AM

Use of academic and discipline conventions and sources of evidence 10% Is very well-written and adheres to the academic genre. Consistently demonstrates expert use of good quality, credible and relevant research sources to support and develop appropriate arguments and statements. Shows evidence of reading beyond the key reading There are no mistakes in using the APA style. Expertly written and adheres to the academic genre. Demonstrates expert use of high-quality, credible and relevant research sources to support and develop arguments and position statements. Shows extensive evidence of reading beyond the key reading There are no mistakes in using the APA Style.

len2300647

5/7/2019 4:54:04 AM

Reporting and stakeholder communication 45% Performs high level of communication and stakeholder analysis. Clearly demonstrates effective strategies to communicate results of the project risk analysis with a range of key stakeholders. Expertly presented; the presentation is logical, persuasive, and well supported by evidence, demonstrating a clear flow of ideas and arguments. Demonstrates high levels of cultural sensitivity

len2300647

5/7/2019 4:53:40 AM

Assessment Attributes Critical analysis of project risks and development of a range of strategies to manage those risks 45% High Distinction (85-100) Critically analyses and evaluates project risks and formulate a range of strategies to effectively manage those risks Mastery of risks and risk management strategies and application to further learning

len2300647

5/7/2019 4:53:32 AM

Use of academic and discipline conventions and sources of evidence 10% Expertly written and adheres to the academic genre. Demonstrates expert use of high-quality, credible and relevant research sources to support and develop arguments and position statements. Shows extensive evidence of reading beyond the key reading There are no mistakes in using the APA Style.

len2300647

5/7/2019 4:53:22 AM

Effective communications 30% Difficult to understand for audience, no logical/clear structure, poor flow of ideas, argument lacks supporting evidence. No effort is made to keep audience engaged, audience cannot follow the line of reasoning. Expertly presented; the presentation is logical, persuasive, and well supported by evidence, demonstrating a clear flow of ideas and arguments. Engages and sustains audience’s interest in the topic, demonstrates high levels of cultural sensitivity.

len2300647

5/7/2019 4:53:11 AM

Individual/Group Part A: Individual Part B: Individual/groups Length Part A: 850 words Part B: 1000 words/student Submission Part A: The post to be completed by end of Module 5. Weighting 50% (Part A: 15%; Part B: 35%) Total Marks Part A: 15 marks Part B: 35 marks Assessment Attributes Contribution to identifying the challenges and pitfalls of traffic light reports, the difference between the status reports 60% High Distinction (85-100) A sophisticated understanding of the challenges and pitfalls of traffic light reports, the difference between the status reports. Critically discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials Contribution is comprehensive and advances the class discussion.

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