Discuss how you would derive a risk score

Assignment Help Project Management
Reference no: EM132277727 , Length: word count:3000

Assignment brief

You have recently been appointed by a large property investor in the UK who wishes to renovate a house. To keep his costs to a minimum he likes to have only one worker working on each activity. The property renovation involves various tasks which he estimates will take one worker the times shown in the table below:

Activity

Time needed to complete

Substantial repairs to the roof

8 days

Internal structural work

4 days

Electrical work

7 days

Plumbing

6 days

Installing a new kitchen

3 days

Installing a new bathroom

4 days

Garden

5 days

Plastering

4 days

Internal decoration

5 days

Fitting carpets

1 day

Outside paintwork

5 days

The roof and structural work must be completed before any other activities (inside or outside) can commence. Once these are done, the external jobs can happen at any stage. However, inside the house, the plumbing and electrics must be completed before the plastering can be done. The plastering must be complete before the new kitchen and bathroom can be installed. Decoration can only happen once the kitchen and bathroom are in place, and carpets can only be fitted after decorating.

The property developer knows that to keep his budget on target, all work needs to be completed in 6 weeks. His team only works from Monday to Friday. Can it be done? Which activities is it most important for the property developer to keep on track?

The developer has several other projects on the go at the same time and decides that he can only spare two of his team to work on this project. By assigning activities to Worker 1 and Worker 2 show how this is possible.

There are three (3) parts to this assignment, and each is worth 33% of the final assignment mark.

Part 1
A. Create a network diagram with the critical path clearly marked
B. What are the advantages to the property developer in using critical path analysis to plan this project?
C. How realistic is the idea of using only two workers to complete the project given the deadline of six weeks?
You do not need any specialist knowledge of construction to answer this question.

Part 2
Review the case above of The House with regard to risk management.
A. Identify at least 5 risks relevant to this project and create a simple risk table showing how you would manage these risks with appropriate risk controls
B. Discuss how you would derive a risk score for each of these risks explaining what evidence you could access to support you calculation of impact and probability
C. What are the opportunities available and how would you categorise these strategies?
Please note that you are being assessed on your understanding of risk management and not the discovery of the ‘correct answer'.

Part 3
You have recently hired Kevin, a retired ex-lecturer in project management, to work as part of your project team on the house build. He is very good at solving technical project problems but seems to find working in the team very difficult and gives constant negative feedback on his co-workers. His performance and temper has become progressively worse over time. He seems to lack motivation and you may have to consider ending his employment. Why might Kevin lack motivation? Discuss with reference to appropriate theoriesand case examples; suggest ways in which Kevin may be motivated.

Learning outcomes

1. Locate, synthesise and critically evaluate recent/current information from a wide range of published literature in Project Management

2. Apply knowledge of the theory and practice of project planning and control and the use of Project Management methods and techniques.

3. Critically evaluate the use of techniques in leading, planning, control and process management.

Attachment:- Project Management Leadership and Skills Planning and Control.rar

Reference no: EM132277727

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Reviews

len2277727

4/8/2019 11:43:33 PM

Criterion / Mark range 90-100 Overall level(indicative – not for grading) Standard comparable to journal publication Scope Outstanding clarity of focus, includes what is important, and excludes irrelevant issues. Understanding of subject matter Outstanding with critical awareness of relevance of issues. Outstanding expression of ideas. Literature Comprehensive literature review. Evaluation and synthesis of source material to produce an outstanding contribution. Critical analysis based on evidence Standard of critical analysis – showing questioning of sources, understanding of bias, independence of thought Structure of argument, leading to conclusion Well-structured, compelling and persuasive argument that leads to a valuable contribution to the field of study, paving the way for future work.

len2277727

4/8/2019 11:43:19 PM

marking guidance You will also need to take the following into account when completing your assignment: • Quality of abstract (does it give a succinct summary of your paper?) • Allocation of credit and sources used (have I included references and citations to the material I have used?) • Clarity of argument and integration of different components of the report • Overall report presentation including spelling and grammar • Word processed (letter size 12, times new roman, 1.5 space), fully referenced (Harvard Referencing System)

len2277727

4/8/2019 11:43:08 PM

Summary:You are responsible for managing a property renovation project, and need to address project scheduling, risk assessment, and leadership and motivation issues for your project. Word Limit: 3000 This assignment is worth 50% of the total mark for the Project Management Leadership and Skills module. Marking scheme Criteria Marks Part 1 33 - A. network diagram 11 - B. critical path discussion 11 - C. discussion of 2 workers/6 weeks constraint 11 Part 2 33 - A. risk analysis 11 - B. risk score discussion 11 - C. opportunities discussion 11 Part 3 34 - Review of theory relating to leadership and motivation 12 - Examples 11 - Conclusion on ways to motivate Kevin 11

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