Development of a risk register for the project

Reference no: EM131483964

Assessment

You are to complete the risk register as per the criteria.

The risks that you identify need to be reflective of the project described in the selected tender and align to the requirements of the PMBoK and Prince2.

A template has been provided for you to document and analyse the risks you have identified. Ensure that you fill in both the Title page and the Risk Register tabs on the template. Other tabs provide you with information that you may need to fill in the tabs, ensure you read them in conjunction with the information provided in your tender documents. If information in the tender documentation and the risk register are contradictory, you are to use the information in the Register, for the purposes of this assessment. For example, the tender may state ‘risk categories' etc., however you are to categorise your risks based on the category descriptions within the register.

Uncertainty regarding contract type

You hear that the customer wants to have a fixed price contract for the project. You were hoping that the contract might be cost reimbursable. This will be decided at the next project board meeting.

You are to utilise one of the ten required risk register entries to document the uncertainty described in the above situation.

Appropriate application of the following project management concepts in the development of a risk register for the project described in the selected tender.

Seven threats (negative risks) reflective of the project described in the selected tender are identified, analysed and entered appropriately on the risk register.

Three opportunities (positive risks) that are reflective of the project described in the selected tender are identified, analysed and entered appropriately on the risk register. Cost Baseline and Funding Requirements Information

You are to provide the cost baseline and the funding requirements using separate tables within a single documents. Please refer to the information provided in the Week 4 lecture materials and any feedback provided on the summary budget in your Charter submission.

If you are utilising the information within your Charter please include a reference to it at the bottom of the documents.

The cost baseline is to be provided against activities on a time line, you must include the total and cumulative total in your submission. The following slide is an example of what is expected:

The funding requirementsare to be included in a separate table. Funding is not normally provided at equal time periods but usually when the project passes through predetermined gates. The Funding requirements also include management reserves which are not included in the cost baseline.

The following slide is an example of what is expected. Please note the information in the funding requirements provided in this example does not relate to the project for which the cost baseline example was provided. Check your work to ensure the two tables align.

Attachment:- Management_Plan_Template.rar

Reference no: EM131483964

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Reviews

len1483964

5/4/2017 5:46:50 AM

The following rubric relates to each ‘risk’ mentioned in each assessment criteria and should be read in conjunction with the criteria. You are required to document ten (10) risks, of which seven (7) are to be threats and three (3) are to be opportunities. Only the first ten risks will be marked. Note: Referencing must be included in the project documents, including referencing tender documents. The rubric refers to poor referencing. The absence of references may be taken to be plagiarism and could result in academic misconduct penalties being applied. 2 marks The project management concepts for that risk are all included and any errors in application are few and minor. The risk is an accurate reflection of the project described in the selected tender. Formatting, referencing, grammar and spelling are well done. Any issues are few and minor.

len1483964

5/4/2017 5:46:26 AM

Ensure your submissions are submitted in an appropriate format, are concise, demonstrate clarity of expression, and correct grammar and spelling.Assessments provide the opportunity for students to demonstrate their knowledge and skills to achieve the required standard. To do this, assessment responses need to be both clear and easy to understand. If not, the University cannot determine that students have demonstrated their knowledge and skills. Assessments will, therefore, be marked accordingly including the potential for 0 (zero) marks where relevant.

len1483964

5/4/2017 5:46:13 AM

Appropriate application of the following project management concepts in the development of a risk register for the project described in the selected tender. Seven threats (negative risks) reflective of the project described in the selected tender are identified, analysed and entered appropriately on the risk register. 14 Three opportunities (positive risks) that are reflective of the project described in the selected tender are identified, analysed and entered appropriately on the risk register. 6 Total Marks 20

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