Assignment 3: Risk Workshop And Risk Register

Assignment 3: Risk Workshop And Risk Register

Note: The assignments are a series of papers that are based on the same case, which is located in the XanEdu tab in the course shell. The assignments depend on 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 & 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 & 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 & Simon text). Include information from the case for each opportunity.
  6. Justify the assignment of probability and impacts for each opportunity identified.
  7. Use at least three (3) 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.
  • Develop a project risk plan that can be incorporated into this schedule.
  • Conduct a quantitative analysis of the project risks and opportunities, including the triggering events for each of the project risks.
  • Develop an appropriate risk response plan for the project encompassing all of the identified risks, a communications strategy, and a process to add or remove risks, as the project progresses.

Click here to view the grading rubric for this assignment.

(Prerequisite: BUS 517)

COURSE DESCRIPTION

This course presents the application of risk management strategies to identify, analyze, and mitigate the full range of project risks in order to ensure project success. This course also examines the six risk management processes outlined in the Project Management Body of Knowledge (PMBOK) Guide: risk management planning, risk identification, qualitative risk analysis, quantitative risk analysis, risk response planning, and risk monitoring and control.

INSTRUCTIONAL MATERIALS

Required Resources

Case Pack BUS519: Project Risk Management. Ann Arbor, MI: XanEdu.

Note: Students can access the Case Pack from within the XanEdu tab in Blackboard.

 

Hillson, D, & Simon, P. (2012). Practical project risk management: The ATOM methodology (2nd ed.)Vienna, VA.: Management Concepts. Retrieved from https://search-ebscohost-com.libdatab.strayer.edu/login.aspx?direct=true&db=nlebk&AN=1672297&site=ehost-live&scope=site

Note: This title is available at no cost to students via the Strayer Library URL above.

 

Project Management Institute. (2009). Practice Standard for Project Risk Management (4th ed.). Newtown Square, PA: Project Management Institute, Inc. Retrieved from http://libdatab.strayer.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=579204&site=eds-live&scope=site

Note: This title is available at no cost to students via the Strayer Library URL above.

 

uCertify. PMI-RMP® Project Management Institute Risk Management Professional.

 

 

Supplemental Resources

Govori, A. (2012). Measuring and Managing the Impact of Risk on Organizations: The Case of Kosovo. Journal of Advanced Research in ManagementIII (1), 17-26.

 

Jugdev, K. (2012). Learning from Lessons Learned: Project Management Research Program. American Journal of Economics and Business Administration4(1), 13-22.

 

Saluja, U., & Idris, N. B. (2012). Information Risk Management: Qualitative or Quantitative? Cross Industry Lessons from Medical and Financial Fields. Systemics, Cybernetics and Informatics10(3), 54-59.

 

Yaraghi, N., & Langhe, R. G. (2011). Critical Success Factors for Risk Management Systems. Journal of Risk Research14(5), 551-581.

 

 

COURSE LEARNING OUTCOMES

1. 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.

2. Analyze the Critical Success Factors (CSF), project benefits, and organizational readiness and risk culture of the company.

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

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

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

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

7. Create a schedule of project risks and opportunities appropriate to the organization.

8. Develop a project risk plan that can be incorporated into this schedule.

9. Conduct a quantitative analysis of the project risks and opportunities, including the triggering events for each of the project risks.

10. Develop an appropriate risk response plan for the project encompassing all of the identified risks, a communications strategy, and a process to add or remove risks, as the project progresses.

 

 

WEEKLY COURSE SCHEDULE

The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work. This includes preparation, activities, and evaluation regardless of delivery mode.

 

Week Preparation, Activities, and Evaluation
1 Preparation

· Reading(s)

· Hillson & Simon, Chapter 1: The Challenge of Managing Risk

· uCertify, Chapter 1: Project & Risk Management Framework

· PMI, Chapter 1: Introduction

· Lecture / Videos

· Blackboard Lecture (Review in course shell)

· Lynda.com Video Playlist (Review playlist in course shell)

Activities

· Introductions (5 points)

· Discussion (20 points)

Evaluation

· None

2 Preparation

· Reading(s)

· Hillson & Simon, Chapter 2: Making It Work

· Hillson & Simon, Appendix A, Figure A-2: Example Risk Checklist

· uCertify, Chapter 2: Risk Management Planning

· uCertify, Chapter 3: Stakeholder Communications

· PMI, Chapter 2: Principles & Concepts

· Lecture / Videos

· Blackboard Lecture (Review in course shell)

· Lynda.com Video Playlist (Review playlist in course shell)

Activities

· Discussion (20 points)

Evaluation

· PMI-RMP Quiz 1, Chapter 1 (25 points)

3 Preparation

· Reading(s)

· Hillson & Simon, Chapter 3: Active Threat and Opportunity Management – The ATOM Risk Process

· Hillson & Simon, Chapter 4: Start at the Beginning (Initiation)

· Hillson & Simon, Figure A-1: Risk Management Plan Template

· PMI, Chapter 3: Project Risk Management Process

· PMI, Chapter 4: Plan Risk Management

· PMI, Appendix D.1 Techniques, Examples, & Templates for Risk Management Planning

· Lecture / Videos

· Blackboard Lecture (Review in course shell)

· Lynda.com Video Playlist (Review playlist in course shell)

Activities

· Discussion (20 points)

Evaluation

· PMI-RMP Quiz 2, Chapter 2 (25 points)

· PMI-RMP Quiz 3, Chapter 3 (25 points)

4 Preparation

· Reading(s)

· Hillson & Simon, Chapter 5: Exposing the Challenge (Identification)

· Hillson & Simon, Figure B-7: Sample Risk Breakdown Structure

· uCertify, Chapter 4: Risk Identification

· PMI, Chapter 5: Identify Risks

· PMI, Appendix D.2 Techniques, Examples, & Templates for Identify Risks

· Lecture / Videos

· Blackboard Lecture (Review in course shell)

· Lynda.com Video Playlist (Review playlist in course shell)

Activities

· Discussion (20 points)

Evaluation

· Assignment 1: Assess Organizational Readiness (100 points)

5 Preparation

· Reading(s)

· Hillson & Simon, Chapter 6: Understand the Exposure (Assessment)

· Hillson & Simon, Figure B-9: Assumptions and Constraints Analysis Template

· Hillson & Simon, Figure B-17: Example Risk Mapping Form

· Lecture / Videos

· Blackboard Lecture (Review in course shell)

· Lynda.com Video Playlist (Review playlist in course shell)

Activities

· Discussion (20 points)

Evaluation

· PMI-RMP Quiz 4, Chapter 4 (25 points)

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preparation

· Reading(s)

· Hillson & Simon, Chapter 15: Simulating Possible Futures (Quantitative Analysis)

· Hillson & Simon, Figure B-5: Sample Project-Specific Probability-Impact Scales

· Hillson & Simon, Figure B-6: Sample Double Probability-Impact Matrix

· uCertify, Chapter 5: Risk Analysis

· PMI, Chapter 6: Perform Qualitative Risk Analysis

· PMI, Chapter 7: Perform Quantitative Risk Analysis

· PMI, Appendix D.3 Techniques, Examples, & Templates for Qualitative Risk Management

· PMI, Appendix D.4 Techniques, Examples, & Templates for Quantitative Risk Management

· Lecture / Videos

· Blackboard Lecture (Review in course shell)

· Lynda.com Video Playlist (Review playlist in course shell)

Activities

· Discussion (20 points)

Evaluation

· Assignment 2: Risk Management Plan (200 points)

7 Preparation

· Reading(s)

· Hillson & Simon, Chapter 7: Options and Actions (Response Planning)

· Hillson & Simon, Chapter 8: Spreading the Word (Reporting)

· uCertify, Chapter 6: Risk Response

· PMI, Chapter 8: Plan Risk Responses

· PMI, Appendix D.5 Techniques, Examples, & Templates for Plan Risk Responses

· Lecture / Videos

· Blackboard Lecture (Review in course shell)

· Lynda.com Video Playlist (Review playlist in course shell)

Activities

· Discussion (20 points)

Evaluation

· PMI-RMP Quiz 5, Chapter 5 (25 points)

8 Preparation

· Reading(s)

· Hillson & Simon, Chapter 9: Just Do It (Implementation)

· Hillson & Simon, Chapter 10: Keeping It Alive (Major Reviews)

· Hillson & Simon, Chapter 11: Ongoing Updates (Minor Reviews)

· Hillson & Simon, Figure B-12: Sample Contents List for a Full Risk Report

· Hillson & Simon, Figure B-16: Typical Agenda for a Post-Project Review Meeting

· uCertify, Chapter 7: Risk Monitoring & Control

· PMI, Chapter 9: Monitor & Control Risks

· PMI, Appendix D.7 Techniques, Examples, & Templates for Monitor & Control Risks

· Lecture / Videos

· Blackboard Lecture (Review in course shell)

· Lynda.com Video Playlist (Review playlist in course shell)

Activities

· Discussion (20 points)

Evaluation

· PMI-RMP Quiz 6, Chapter 6 (25 points)

· Assignment 3: Risk Workshop and Risk Register (200 points)

9 Preparation

· Reading(s)

· Hillson & Simon, Chapter 12: Learning from Experience (Post-Project Review)

· Hillson & Simon, Chapter 13: ATOM for Small Projects

· Lecture / Videos

· Blackboard Lecture (Review in course shell)

Activities

· Discussion (20 points)

Evaluation

· PMI-RMP Quiz 7, Chapter 7 (25 points)

10 Preparation

· Reading(s)

· Hillson & Simon, Chapter 14: ATOM for Large Projects

· Hillson & Simon, Chapter 16: Managing Risk in Programs

· Lecture / Videos

· Blackboard Lecture (Review in course shell)

Activities

· Discussion (20 points)

Evaluation

· Assignment 4: Project Progress (100 points)

11 Preparation

· Reading(s): None

Activities

· Discussion (20 points)

Evaluation

· None

Note: You may access the uCertify materials for up to twelve months from the time of registration. Access is available via the uCertify tab, located in the Blackboard online course shell, or via a Web browser, at: http://strayer.ucertify.com/. (If you choose to access the materials manually via http://strayer.ucertify.com/, you may retrieve/reset your password through the “Forgot password?” feature.)

 

 

 

GRADING SCALE – GRADUATE

Assignment Total Points % of

Grade

Assignment 1: Assess Organizational Readiness (Week 4) 100 10%
• Assignment 2: Risk Management Plan (Week 6) 200 20%
• Assignment 3: Risk Workshop and Risk Register (Week 8) 200 20%
Assignment 4: Project Progress (Week 10) 100 10%
uCertify PMI-RMP (Risk Management Professional) Quiz (7 quizzes, 25 points each) 175 17.5%
Weekly Discussion: 11 discussions worth 20 points each; Introduction worth 5 points 225 22.5%
Totals 1,000 100%

 

 

Points

Percentage Grade
900 – 1,000 90% – 100% A
880 – 899 80% – 89% B
700 – 799 70% – 79% C
Below 700 Below 70% F

 

 

 

Attendance Policy

 

This course uses the uCertify platform. uCertify does not directly record attendance, but attendance is recorded when you submit your work to the assignment in Blackboard.

 

 

StrayerLogoHoriz_RGB BUS 519 – Project Risk Management

 

 

© 2019 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of Strayer University.

BUS 519 STUDENT GUIDE 1192 (12-03-2018) Page 8 of 24

Assignment 1: Assess Organizational Readiness

Due Week 4 and worth 100 points

 

Note: The assignments are a series of papers that are based on the same case, which is located in the XanEdu tab in the course shell. The assignments depend on one another. Review the assigned case study and complete this assignment.

 

Write a four to six (4-6) 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 your analysis.

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 three (3) 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.

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

· Create a schedule of project risks and opportunities appropriate to the organization.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric:

 

 

 

 

 

 

 

Points: 100 Assignment 1: Assess Organizational Readiness
Criteria Unacceptable

Below 70% F

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

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

 

Weight: 20%

Did not submit or incompletely analyzed how the Critical Success Factors (CSFs) apply to the facts of the case study. Did not submit or incompletely provided examples to support your analysis. Partially analyzed how the Critical Success Factors (CSFs) apply to the facts of the case study. Partially provided examples to support your analysis. Satisfactorily analyzed how the Critical Success Factors (CSFs) apply to the facts of the case study. Satisfactorily provided examples to support your analysis. Thoroughly analyzed how the Critical Success Factors (CSFs) apply to the facts of the case study. Thoroughly provided 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.

Weight: 20%

Did not submit or incompletely determined the project benefits, organizational readiness, and risk culture of the company in the case study. Did not submit or incompletely provided justification for your response. Partially determined the project benefits, organizational readiness, and risk culture of the company in the case study. Partially provided justification for your response. Satisfactorily determined the project benefits, organizational readiness, and risk culture of the company in the case study. Satisfactorily provided justification for your response. Thoroughly determined the project benefits, organizational readiness, and risk culture of the company in the case study. Thoroughly provided 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.

 

Weight: 20%

Did not submit or incompletely developed at least three (3) project risk recommendations based on the analysis from criteria number 1 and 2 of this assignment. Partially developed at least three (3) project risk recommendations based on the analysis from criteria number 1 and 2 of this assignment. Satisfactorily developed at least three (3) project risk recommendations based on the analysis from criteria number 1 and 2 of this assignment. Thoroughly developed 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).

 

Weight: 20%

Did not submit or incompletely identified 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). Partially identified 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). Satisfactorily identified 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). Thoroughly identified 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. Cite 3 references.

 

Weight: 10%

References were not provided or the references were not of a quality nature. Less than 3 quality references were provided. 3 quality references were provided. More than 3 quality references were provided.
6. Clarity, writing mechanics, and formatting requirements

 

Weight: 10%

More than 6 errors present. 5-6 errors present. 3-4 errors present. 0-2 errors present.

 

Assignment 2: Risk Management Plan

Due Week 6 and worth 200 points

 

Note: The assignments are a series of papers that are based on the same case, which is located in the XanEdu tab in the course shell. The assignments depend on 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 & Simon text to create the plan.

 

Write an eight to ten (8-10) page Risk Management Plan 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 & 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.

7. Use at least three (3) 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:

· 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 risks and opportunities appropriate to the organization.

· Develop a project risk plan that can be incorporated into this schedule.

· Create a schedule of project risk reviews appropriate to the organization.

 

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric:

 

Points: 200 Assignment 2: Risk Management Plan
Criteria Unacceptable

Below 70% F

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

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.

 

Weight: 10%

Did not submit or incompletely prepared the Scope and Objectives of the Risk Management Process section of the Risk Management Plan based on the facts presented in the case study. Partially prepared the Scope and Objectives of the Risk Management Process section of the Risk Management Plan based on the facts presented in the case study. Satisfactorily prepared the Scope and Objectives of the Risk Management Process section of the Risk Management Plan based on the facts presented in the case study. Thoroughly prepared 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 & Simon text).

 

Weight: 10%

Did not submit or incompletely determined the project size, based on the facts presented in the case study; did not submit or incompletely provided justification based on Figure 3-4, Example Project Sizing Tool (Chapter 3 of the Hillson & Simon text). Partially determined the project size, based on the facts presented in the case study; partially provided justification based on Figure 3-4, Example Project Sizing Tool (Chapter 3 of the Hillson & Simon text). Satisfactorily determined the project size, based on the facts presented in the case study; satisfactorily provided justification based on Figure 3-4, Example Project Sizing Tool (Chapter 3 of the Hillson & Simon text). Thoroughly determined the project size, based on the facts presented in the case study; thoroughly provided justification based on Figure 3-4, Example Project Sizing Tool (Chapter 3 of the Hillson & 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.

Weight: 20%

Did not submit or incompletely selected the risk tools and techniques; did not submit or incompletely completed the Risk Tools and Techniques section of the Risk Management Plan for both the qualitative and quantitative aspects of the project. Did not submit or incompletely provided a rationale for the selection. Partially selected the risk tools and techniques; partially completed the Risk Tools and Techniques section of the Risk Management Plan for both the qualitative and quantitative aspects of the project. Partially provided a rationale for the selection. Satisfactorily selected the risk tools and techniques; satisfactorily completed the Risk Tools and Techniques section of the Risk Management Plan for both the qualitative and quantitative aspects of the project. Satisfactorily provided a rationale for the selection. Thoroughly selected the risk tools and techniques; thoroughly completed the Risk Tools and Techniques section of the Risk Management Plan for both the qualitative and quantitative aspects of the project. Thoroughly provided 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.

 

Weight: 20%

Did not submit or incompletely developed the Risk Reviews and Reporting section of the Risk Management Plan based on the project size previously determined. Partially developed the Risk Reviews and Reporting section of the Risk Management Plan based on the project size previously determined. Satisfactorily developed the Risk Reviews and Reporting section of the Risk Management Plan based on the project size previously determined. Thoroughly developed 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.

 

Weight: 10%

Did not submit or incompletely defined the Probability and Impacts section of the Risk Management Plan; did not submit or incompletely justified the values assigned. Partially defined the Probability and Impacts section of the Risk Management Plan; partially justified the values assigned. Satisfactorily defined the Probability and Impacts section of the Risk Management Plan; satisfactorily justified the values assigned. Thoroughly defined the Probability and Impacts section of the Risk Management Plan; thoroughly justified the values assigned.
6. Define the Risk Thresholds section of the Risk Management Plan and justify the values assigned.

 

Weight: 10%

Did not submit or incompletely defined the Risk Thresholds section of the Risk Management Plan; did not submit or incompletely justified the values assigned. Partially defined the Risk Thresholds section of the Risk Management Plan; partially justified the values assigned. Satisfactorily defined the Risk Thresholds section of the Risk Management Plan; satisfactorily justified the values assigned. Thoroughly defined the Risk Thresholds section of the Risk Management Plan; thoroughly justified the values assigned.
7. Cite 3 references.

 

Weight: 10%

References were not provided or the references were not of a quality nature. Less than 3 quality references were provided. 3 quality references were provided. More than 3 quality references were provided.
8. Clarity, writing mechanics, and formatting requirements

 

Weight: 10%

More than 6 errors present. 5-6 errors present. 3-4 errors present. 0-2 errors present.

 

 

Assignment 3: Risk Workshop and Risk Register

Due Week 8 and worth 200 points

 

Note: The assignments are a series of papers that are based on the same case, which is located in the XanEdu tab in the course shell. The assignments depend on 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 & 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 & 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 & Simon text). Include information from the case for each opportunity.

6. Justify the assignment of probability and impacts for each opportunity identified.

7. Use at least three (3) 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.

· Develop a project risk plan that can be incorporated into this schedule.

· Conduct a quantitative analysis of the project risks and opportunities, including the triggering events for each of the project risks.

· Develop an appropriate risk response plan for the project encompassing all of the identified risks, a communications strategy, and a process to add or remove risks, as the project progresses.

 

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric:

 

Points: 200 Assignment 3: Risk Workshop and Risk Register
Criteria Unacceptable

Below 70% F

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Identify the required pre-workshop activities.

 

Weight: 10%

Did not submit or incompletely identified the required pre-workshop activities. Partially identified the required pre-workshop activities. Satisfactorily identified the required pre-workshop activities. Thoroughly identified 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 & Simon text). Include suggested time intervals for each activity and justify why each agenda item is relevant for this case.

Weight: 10%

Did not submit or incompletely prepared 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 & Simon text). Did not submit or incompletely included suggested time intervals for each activity; did not submit or incompletely justified why each agenda item is relevant for this case. Partially prepared 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 & Simon text). Partially included suggested time intervals for each activity; partially justified why each agenda item is relevant for this case. Satisfactorily prepared 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 & Simon text). Satisfactorily included suggested time intervals for each activity; satisfactorily justified why each agenda item is relevant for this case. Thoroughly prepared 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 & Simon text). Thoroughly included suggested time intervals for each activity; thoroughly justified 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 & Simon text). Include information from the case for each threat.

 

Weight: 20%

Did not submit or incompletely determined the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson & Simon text). Did not submit or incompletely included information from the case for each threat. Partially determined the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson & Simon text). Partially included information from the case for each threat. Satisfactorily determined the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson & Simon text). Satisfactorily included information from the case for each threat. Thoroughly determined the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson & Simon text). Thoroughly included 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.

 

Weight: 10%

Did not submit or incompletely justified the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment. Partially justified the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment. Satisfactorily justified the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment. Thoroughly justified 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 & Simon text). Include information from the case for each opportunity.

 

Weight: 20%

Did not submit or incompletely documented the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson & Simon text). Did not submit or incompletely included information from the case for each opportunity. Partially documented the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson & Simon text). Partially included information from the case for each opportunity. Satisfactorily documented the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson & Simon text). Satisfactorily included information from the case for each opportunity. Thoroughly documented the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson & Simon text). Thoroughly included 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.

 

Weight: 10%

Did not submit or incompletely justified the assignment of probability and impacts for each opportunity identified in criterion number 5 of this assignment. Partially justified the assignment of probability and impacts for each opportunity identified in criterion number 5 of this assignment. Satisfactorily justified the assignment of probability and impacts for each opportunity identified in criterion number 5 of this assignment. Thoroughly justified the assignment of probability and impacts for each opportunity identified in criterion number 5 of this assignment.
7. Cite 3 references.

 

Weight: 10%

References were not provided or the references were not of a quality nature. Less than 3 quality references were provided. 3 quality references were provided. More than 3 quality references were provided.
8. Clarity, writing mechanics, and formatting requirements

 

Weight: 10%

More than 6 errors present. 5-6 errors present. 3-4 errors present. 0-2 errors present.

 

 

Assignment 4: Project Progress

Due Week 10 and worth 100 points

 

Note: The assignments are a series of papers that are based on the same case, which is located in the XanEdu tab in the course shell. The assignments depend on 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 four to six (4-6) page paper in which you:

 

1. Analyze the impact of the 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:

· Analyze the Critical Success Factors (CSF), project benefits, and organizational readiness and risk culture of the company.

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

· Conduct a quantitative analysis of the project risks and opportunities, including the triggering events for each of the project risks.

· Develop an appropriate risk response plan for the project encompassing all of the identified risks, a communications strategy, and a process to add or remove risks, as the project progresses.

 

 

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric:

 

Points: 100 Assignment 4: Project Progress
Criteria Unacceptable

Below 70% F

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

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

 

Weight: 20%

Did not submit or incompletely analyzed the impact of those events on the project. Partially analyzed the impact of those events on the project. Satisfactorily analyzed the impact of those events on the project. Thoroughly analyzed the impact of those events on the project.
2. Determine if any mitigation activities are required and explain why.

Weight: 20%

Did not submit or incompletely determined if any mitigation activities are required; did not submit or incompletely explained why. Partially determined if any mitigation activities are required; partially explained why. Satisfactorily determined if any mitigation activities are required; satisfactorily explained why. Thoroughly determined if any mitigation activities are required; thoroughly explained why.
3. Determine if budget / schedule changes are necessary and explain why.

 

Weight: 20%

Did not submit or incompletely determined if budget / schedule changes are necessary; did not submit or incompletely explained why. Partially determined if budget / schedule changes are necessary; partially explained why. Satisfactorily determined if budget / schedule changes are necessary; satisfactorily explained why. Thoroughly determined if budget / schedule changes are necessary; thoroughly explained why.
4. Update the risk register and highlight the changes made. Provide the justification for the changes.

 

Weight: 20%

Did not submit or incompletely updated the risk register; did not submit or incompletely provided the changes made along with the justification for the changes. Partially updated the risk register; partially provided the changes made along with the justification for the changes. Satisfactorily updated the risk register; satisfactorily provided the changes made along with the justification for the changes. Thoroughly updated the risk register; thoroughly provided the changes made along with the justification for the changes.
5. Cite 4 references.

 

Weight: 10%

References were not provided or the references were not of a quality nature. Less than 4 quality references were provided. 4 quality references were provided. More than 4 quality references were provided.
6. Clarity, writing mechanics, and formatting requirements

 

Weight: 10%

More than 6 errors present. 5-6 errors present. 3-4 errors present. 0-2 errors present.

 

 

 

uCertify Overview

uCertify provides quality test prep kits for global IT certifications, including certification practice assessments, interactive course materials, as well as automated feedback designed to encourage student achievement.

 

The unlimited use of uCertify is encouraged throughout this course in preparation for certification readiness. Students are encouraged to review their assessment results, including both correct and incorrect questions, in order to understand the rationale behind each answer.

 

The use of uCertify is a required component of the course that includes both graded and non-graded participation assessments.

 

uCertify Access and Registration

· Students must purchase a uCertify access code from the Strayer Bookstore: http://www.strayerbookstore.com/.

· Students must register the uCertify product via the instructions and link provided in the Blackboard online course shell.

· Once registered, students may access the uCertify materials for up to 12 months via:

· The uCertify tab, located in the Blackboard online course shell; or,

· A Web browser, at: http://strayer.ucertify.com/ Note: When manually accessing the materials via http://strayer.ucertify.com/, you may retrieve/reset your password through the “Forgot password?” feature.

 

uCertify Help and Support

· For technical questions or problems associated with accessing uCertify, please contact uCertify support at http://www.ucertify.com/support.php

· For problems associated with obtaining an access code, please contact the Strayer University Online Bookstore by calling 855-561-7052 or submitting a ticket at www.strayerbookstore.com or www.jwmibookstore.com on the “Contact us” page.

 

uCertify: Access After Class is Over

· Students may access the uCertify materials for up to twelve (12) months from the time of registration. Example: A student who registers for this class in Fall 2018 will be able access the materials through Summer 2019. Access is available via the uCertify tab, located in the Blackboard online course shell, or via a Web browser, at: http://strayer.ucertify.com/. (If you choose to access the materials manually via http://strayer.ucertify.com/, you may retrieve/reset your password through the “Forgot password?” feature.)

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"