Cpmgt 302 cpmgt302

1. CPMGT/302
PROCUREMENT AND RISK
MANAGEMENT
The Latest Version A+ Study Guide
**********************************************
CPMGT 302 Entire Course Link
https://uopcourses.com/category/cpmgt-302/
**********************************************
CPMGT 302 Week 1 Risk Management Small Group
Discussion
Discuss the role of risk management in the project planning process in small groups
by completing the related "Risk Management Discussion" learning activity.
Submit a response of 250 to 350 words in length summarizing your small group's
discussion of the role of risk management in the project planning.
A discussion summary is not a paper when you can assign sections out to team
members. A discussion summary is brief but first requires that you have a team
discussion. Everyone must participate equally and early in the week to earn full credit.
CPMGT 302 Week 1 Risk Identification Worksheet and Paper
Complete the University of Phoenix Material: Risk Identification Scenarios worksheet.
Insert the values which correspond to the probability of those risks, and the impact of the
risk events

2. For each risk scenario - write a 50 to 100 word description on how you would document
and mitigate the risks you identified.
Format the worksheet by including in-text citation and a reference page consistent with
APA guidelines.
Submit the completed University of Phoenix Material: Risk Identification Scenarios
Worksheet
Risk Identification Scenarios
Review each of the following scenarios and identify the risk events, the probability of those
risks, and the impact of the risk events. Some scenarios may have more risks than others.
Scenario One
A retail firm has a project that is focused on expansion into third-world countries to sell
pharmaceutical products. The project timeline is, as always, aggressive. The scope is well
documented and understood by the project team and key members of the firm. The firm is
financially sound, with project funds secure; however, the stakeholders expect that the project
will pay for itself within 2 years of deployment.
Risk event
Probability of risk event
(1=high; 3=medium; 5=low)
Impact of risk event
(1=high; 3=medium; 5=low)
Scenario Two
A construction company has been awarded the contract to build a pipeline in Alaska. The
project timeline is of the highest priority because work can only be completed during summer
months due to adverse weather conditions. One of the suppliers of a key component has
longer lead time than is required to complete the pipeline, but may be able to deliver if the
construction company will pay fees to expedite. There are other suppliers, but these suppliers
are not on the construction company’s approved suppler list and it would take time to get them
approved. There is a huge penalty in the contract if the project is not completed on time.
Risk event
Probability of risk event
(1=high; 3=medium; 5=low)
Impact of risk event
(1=high; 3=medium; 5=low)

3. Scenario Three
A telecommunications company has just assigned you to be project manager for a product
improvement project. The scope statement of the project simply says, “Make this product better.”
The engineering team believes that they know how to make the product better and have ignored
ideas from the sales team. The project funds are secure, as the company believes that improving
this product will give them strategic advantages.
Risk event
Probability of risk event
(1=high; 3=medium; 5=low)
Impact of risk event
(1=high; 3=medium; 5=low)
CPMGT 302 Week 2 Risk Management Breakdown Structure
Paper
Select an organization you are familiar with as the basis of the paper.
Read the following scenario for the selected organization:
Risk involves uncertainty, the lack of knowledge of future events, and the measures of
profitability and consequences of not achieving the project goal. Your organization has
decided that to be successful in the global economy it must expand its supply base into
China or another country approved by your instructor. This has become a strategic project
for the organization.
Resource: Figure 11-4 in A Guide to the Project Management Body of Knowledge
(PMBOK®
Guide)
Write a 1,400- to 2,100-word paper in which you address the following risk management
items for this supplier global expansion project:

4.  Describe the objectives and goals, tools and techniques, and organizational roles
and responsibilities for effective risk management for the project.
 Describe various information sources that may be used by the project team for risk
identification.
 Identify and describe the risk management documentation that will be required for
the project. Examples include RMP and risk management log or register.
 Explain the role of risk management in the project planning process.
Create a risk breakdown structure, which outlines the organization's risk categories. See
Figure 11-4 in the PMBOK®
Guide. Consider the following categories:
 Project risks
o Business
o Contract relationships with customers and suppliers
o Management
o Political
 Organizational risks
 Project management risks
o Cost estimates
o Schedule estimates
o Communication
 Technical risks
 Production risks
o Manufacturing concerns
o Logistics
 Support risks
o Maintainabilit
o Warranty
 External risks
o Procurement
 Material availability
 Lead times
 Quality
 Market

5. Format your paper consistent with APA guidelines.
Performing Risk Analysis Discussion
CPMGT 302 Week 2 Performing Risk Analysis Discussion
Review the Week 1 Activity Performing Risk Analysis (PMBOK®
Guide Fifth Edition)
course individually.
Discuss the Project Risk Management course with your Learning Team:
 What qualitative risk analysis techniques did you learn about in the course?
o Describe a real-world project management example of when you would
use one or more of the qualitative risk analysis techniques your team
identified.
Agree collectively on a response to the discussion question.
Submit a Learning Team response of 250 to 350 words in length.
CPMGT 302 Week 3 Risk Management Paper
Agree on using one of the organizations individual team members used in Week 2.
Your organization has determined that more resources are required to complete the
project's risk management process for the expansion into China or another country
approved by your instructor. Your team has been asked to perform a risk analysis,
develop risk responses, and determine how the project will monitor and control risks.
Resource: Risk Breakdown Structure from Part I and University of Phoenix Material:
Risk Project Log
Write a 1,050- to 1,400-word paper in which you do the following:
 Identify the risks associated with the supplier expansion. Document those risks in
the Risk Project Log template.
 Perform a qualitative risk analysis using risk probability and impact analysis.
 Perform quantitative risk analysis.

6.  Determine and document the criteria used to determine which risks will have a risk
response plan.
 Outline the timing--when and how often--of the risk management process in the
project life cycle, including risk monitoring and controlling processes. Consider the
following:
o Risk reassessment
o Risk audits
o Status meetings
Format your paper and presentation consistent with APA guidelines.
CPMGT 302 Week 3 Risk Response and Control Discussion
Review the Week 2 Risk Response and Control (PMBOK®
Guide Fifth Edition) course
individually.
Discuss the Risk Response and Control course with your Learning Team:
 What strategies for handling negative risk did you learn about in the course?
o Describe a real-world project management example of when you would
use one or more of the strategies to handle negative risk your team
identified.
 What strategies for handling positive risk did you learn about in the course?
o Describe a real-world project management example of when you would
use one or more of the strategies to handle positive risk your team
identified.
Agree collectively on a response to the discussion question.
Submit a Learning Team response of 250 to 350 words in length.
CPMGT 302 Week 4 Planning Project Procurement
Management Discussion
Review the Week 3 Planning Project Procurement Management (PMBOK®
Guide Fifth
Edition) course individually.
Discuss the Planning Project Procurement Management course with your Learning
Team:

7.  What common tools and techniques for planning project procurement did you
learn about in the course?
 What factors need to be considered in a make-or-buy analysis?
o Describe a real-world project management example of when you would
use one or more of the tools and techniques for planning project
procurement your team identified.
Agree collectively on a response to the discussion question.
Submit a Learning Team response of 250 to 350 words in length.
CPMGT 302 Week 4 Procurement Planning Paper
Write a 1,050- to 1,400-word paper in which you do the following:
 Describe the project procurement planning process. See Section 12.1 in
the PMBOK®
Guide.
 Identify the most valuable output of the plan procurement process and explain
why you believe it is most valuable.
 Explain the various contract types and describe who--buyer or seller--has the
most at risk for each contract type.
 Describe a source selection criterion that would be applicable to any project and
identify three criteria that would apply to most projects. See Section 12.1.3.5 in
thePMBOK®
Guide.
 Analyze the ethical concerns that should be considered when identifying source
selection criteria.
 Explain the role of risk management in the procurement planning process.
Format your paper consistent with APA guidelines.
CPMGT 302 Week 5 Contracting Process Paper
Write a 1,400- to 1,750-word paper in which you explain the process for conducting and
closing procurements. Include the following:
 Outline and explain high-level process steps for conducting project procurements.
 Outline and explain contract administration policies and procedures.

8.  Describe tools and techniques for the contract administration process, including
the following:
o Contract change control process
o Procurement performance reviews
o Inspections and audits
o Performance reporting
o Payment process (n/30, n/60, and so forth)
o Records management system (RMS)
 Describe conflict resolution techniques used while managing contractual
relationships.
 Outline steps to be taken to close out project procurements.
 Explain the importance of closing project procurements and accounts.
 Examine external influences on the procurement and risk management process.
 Analyze the relationship between the risk response plan and the external
influences.
Format your paper consistent with APA guidelines.