BUS 519 – Project Risk Management all four assignments

Assignment 1: Assess Organizational Readiness

Due Week 3 and worth 200 points

Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another.

Review the assigned case study and complete this assignment.

Write a five to seven (5-7) page paper in which you:

1. Analyze how the Critical Success Factors (CSFs) apply to the facts of the case study. Provide examples to support your analysis.

2. Determine the project benefits, organizational readiness, and risk culture of the company in the case study. Provide justification for your response.

3. Develop at least three (3) project risk recommendations based on the analysis from criteria number 1 and 2 of this assignment.

4. Identify the initial categories of risk (RBS Level 1 and 2) that you see as being present in the case study using the Example Risk Checklist (Figure A-2, Hillson & Simon text).

5. Use at least four (4) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

 Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

 Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

 Analyze the critical success factors (CSFs), project benefits, and organizational readiness and risk culture of the company.

 Apply the results of this analysis to the development of project risk recommendations.

 Use technology and information resources to research issues in project risk management

 Write clearly and concisely about project risk management using proper writing mechanics.

Grading for this assignment will be based on answe

r quality, logic / organization of the paper, and language and writing skills, using the following rubric.

 

Assignment 2: Risk Management Plan

Due Week 4 and worth 240 points

Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another.

In this assignment, you will create a risk management plan. You have a budget of $100,000 and a timeline of six (6) months for the plan. Please refer to Figure A-1, Risk Management Plan Template, from Appendix A of the Hillson and Simon text to create the plan.

Write an eight to ten (8-10) page Risk Management Plan Component paper in which you:

1. Prepare the Scope and Objectives of the Risk Management Process section of the Risk Management Plan based on the facts presented in the case study.

2. Determine the project size, based on the facts presented in the case study, and provide justification based on Figure 3-4, Example Project Sizing Tool (Chapter 3 of the Hillson and Simon text).

3. Select the risk tools and techniques, and complete the Risk Tools and Techniques section of the Risk Management Plan for both the qualitative and quantitative aspects of the project. Provide a rationale for the selection.

4. Develop the Risk Reviews and Reporting section of the Risk Management Plan based on the project size previously determined.

5. Define the Probability and Impacts section of the Risk Management Plan and justify the values assigned.

6. Define the Risk Thresholds section of the Risk Management Plan and justify the values assigned.

Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:

 Apply the concepts of risk management in a project context to develop an appropriate risk management plan as a key element of the project management process.

 Survey the project sponsor, stakeholders, team membership and key decision influencers to develop a qualitative assessment of the project risks and apply the results to further refine the project risk management plan.

 Create a schedule of project risk reviews appropriate to the organization and risk including major, minor, and post-project threats and opportunities, including archiving the results of the project risk plan is incorporated into this schedule.

 Use technology and information resources to research issues in project risk management Write clearly and concisely about project risk management using proper writing mechanics.Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric. 

Assignment 3: Risk Workshop and Risk Register

Due Week 6 and worth 240 points

Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another.

Write an eight to ten (8-10) Risk Workshop and Risk Register Component paper in which you:

1. Identify the required pre-workshop activities.

2. Prepare a risk workshop agenda based on Figure B-8, Sample Agenda for a First Risk Assessment / Two – Day Risk Workshop (Appendix B of the Hillson and Simon text). Include suggested time intervals for each activity and justify why each agenda item is relevant for this case.

3. Determine the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each threat.

4. Justify the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment.

5. Document the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each opportunity.

6. Justify the assignment of probability and impacts for each opportunity identified in criterion number 5 of this assignment.

7. Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:

 Assess and prioritize risks to the project through an analysis of the active threats and opportunities presented.

 Apply the Active Threats and Opportunities Management (ATOM) process to ensure a consistent, measurable result of this analysis.

 Use technology and information resources to research issues in project risk management Write clearly and concisely about project risk management using proper writing mechanics.Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric. 

Assignment 4: Project Progress

Due Week 9 and worth 200 points

Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another.

During the project life cycle, project risk reviews and reports are required as previously identified in the risk management plan. Two months after the project started, the following events have taken place:

1. The top-two (2) threats have occurred.

2. The top opportunity has been realized.

3. The project’s risk budget is already exhausted.

4. The risk management schedule has been shortened by two (2) months.

Write a five to seven (5-7) page paper in which you:

1. Analyze the impact of those events on the project.

2. Determine if any mitigation activities are required and explain why.

3. Determine if budget / schedule changes are necessary and explain why.

4. Update the risk register and highlight the changes made. Provide the justification for the changes.

5. Use at least four (4) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:

 Given an information requirement related to project risk management, determine the nature and extent of information needed to effectively address the topic; efficiently locate, determine the validity, and critically evaluate the resources; and apply the information to accomplish the specific purpose (report, case analysis, factual requirement, problem solving, and planning).

 Use technology and information resources to research issues in project risk management.

 Write clearly and concisely about project risk management using proper writing mechanics.Grading for this assignment will be based on answe