Identifying and managing risk in a project

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Reference no: EM132976671

BSBPMG522 Undertake project work

This unit describes the skills and knowledge required to undertake a straightforward project or a section of a larger project. It covers developing a project plan, administering and monitoring the project, finalising the project and reviewing the project to identify lessons learned for application to future projects.

This unit applies to individuals who play a significant role in ensuring a project meets timelines, quality standards, budgetary limits and other requirements set for the project.

Assessment 1 - Written Questions

1 Identify and describe the following project management tools and discuss how they contribute to a project. Your response for each tool should be in no more than 120 words.
a. The Critical path method (CPM)
b. Gantt/ bar charts
c. Life cycle cost analysis
d. PERT charts

2 Briefly describe documents / sources of information commonly used in defining the following parameters of a project. Your response for each parameter should be in no more than 120 words.
a. Project scope
b. Project costs
c. Project quality
d. Project risks

3 Explain the processes for identifying and managing risk in a project. Your response should be no longer than 300 words.

Reference no: EM132976671

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