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Project Overview –
Virtual PMO Services for PJM Students and Alumni
This project is one I have wanted to do for some time now – in
order to move it forward to our leaders for approval, it would be
very helpful to have an integrated plan to share for decision
making – a draft charter/ scope statement and workplan has
been created for this project. The next planning step is to
complete the risk work.
Project Background
Currently, each faculty within our PJM program shares a
number of project management templates used in their own
project management work for use within their courses. The
intent is to collect and share these templates across all sections
of a course so that all students have access to a number of
potential templates in that subject area and can then create their
own version of the template that best meets the needs of their
assignment projects. This will also store all templates in one
place for easy access – regardless of the course that one is in it
is convenient to locate other templates that might be helpful for
the work in any course.
We also would like to make this available to alumni of the
program – to allow them to benefit from our inventory of
templates and also to allow them to contribute templates to the
NU PJM community. This provides yet another opportunity for
industry alignment and maintains a connection with our
esteemed alumni.
This project is still considered to be at the beginning of its
efforts. It will be a visible project within the Northeastern
community – for faculty, current students and alumni.
Work to date – currently, there are many project management
templates floating around our program. There has not been a
coordinated effort to locate, vet and store these templates – nor
have we considered if there are gaps in the templates provided.
Work includes understanding the needs of faculty, students and
alumni and then creating a shared repository solution that will
meet these needs. At minimum, the project will identify all
available templates from faculty, reviewing these to ensure they
are comprehensive, clear and ready for use and well as to
review the inventory of templates against good practices in
project management and the PMBOK - and that there are no
copyright issues with posting on our shared site. Both faculty
and students near the end of the program should be included in
the review of the templates.
The shared site tool needs to be selected – this will require
understanding the needs of faculty, students and alumni as well
as standards to be followed in the IT constraints. The site needs
to be designed and the templates uploaded.
A process needs to be created and implemented for upkeep on
the templates as well as how additional templates are submitted
for consideration, vetted and the site updated.
• • •
Ÿ 1
A plan for transition and sustainment needs to be created and
implemented – how will students and alumni find out about this
site? Who do they contact if they have questions on the site?
Who will maintain it? It would seem that setting up an
internship or co-op opportunity for a PJM student to do this
work for 3 – 6 months and then transition the work to another
student would be an option.
I have provided preliminary information in the (very rough)
draft Scope Document, below. Preliminary planning has been
done – see the overview information below as well as the
attached (separate document) schedule. I have volunteered our
PJM 6015 course to build the risk management plan and risk
register for this work. This will finalize the draft plan for the
project for project review and approval.
Project Objective/ Success Criteria (Charter):
To design, build and implement a shared repository for project
management templates that will meet the needs of faculty,
current students and PJM alumni. In addition, to create and
implement an operating plan for the transition and sustainment
of the site.
Assigned Risk Manager (Charter): Members of PJM 6015
Sponsor (Charter): PJM Faculty member
Project Scope Description: The work of this project is to create
shared repository for PJM templates that is then implemented
within PJM CPS (Project Management at College of
Professional Studies).
Work Includes
Work Does Not Include
Creation of integrated project plan and project management of
project – biweekly reporting to begin after Planning approved
through project end
Ongoing maintenance of site
Finalized requirements
Training on use of templates
Selection of technology
Collection, refinement and approval of templates
Communication to faculty, students and alumni
Upload of templates to shared repository
Job aides for faculty and students prepared/ Integration into
courses
Process for maintaining site with industry aligned templates
Process for bringing on co-op/ intern student to manage site
Retrospective (Lessons Learned)
Acceptance Criteria
Faculty, students and alumni are prepared to use siteTemplates
are industry aligned and availableIT is prepared to support the
product from a technology perspectiveProcesses and site are
ready for Fall 2020 Project Exclusions – see out of scope above
Project Constraints
Schedule – work complete and ready for full implementation
Fall Quarter 2020 Project Assumptions:The core project team
(you) may only devote 50 percent of available effort to this
projectOther project resources will be negotiated per integrated
project plan.Hourly pay rate for each team member is $75.00
Major Milestones:
See project workplan
Sheet1Risk IdentificationRisk AnalysisRisk Response PlanRisk
Monitoring and ControllingRisk NumberRisk StatementRisk
OwnerTriggerQualitatitive AnalysisQuantitative AnalysisRisk
ActionRisk ResponseDetail of ResponseIntegration with Project
PlanCost of ResponseReassessment of RiskContingency
PlanSecondary RiskSecondary Risk AnalysisSecondary Risk
ResponseRisk
StatusCauseConditionConsequenceCategoryProbabilityReasonin
gImpactExplanationEMV-CostReasoningEMV-Duration
(days)ReasoningProbabilityImpactRisk introduced based on
Risk Response1 This risk is a sample only - be
sure to delete and add your own risk work into thisDue to a lack
of interest in volunteering/ mentoring studentswe may be unable
to secure enough volunteerswhich will limit the number of
teams that can participate. StaffTM 1Volunteer sign up is low
by mid-point of activityMediumArea professionals look forward
to volunteering at these events - however since this is the first
time for this event, we don't have a pool of volunteers to work
withHighWill limit number of students who can
participateProbability = 40% Impact = $5000 EMV =
$2000n/aResponse requiredMitigateAdvertise in local paper,
reach out to local employers to find volunteersAdd work to
WBS/activity list/ estimate/ schedule$100LowHighHire
mentorsMay not get qualified volunteersProbability - Low
Impact - HighEnsure there are clear requirements for mentoring
job, cancellation clause in contract. Consider using college
students as a next step.Open1Users want an easy way out, or
something they are already familiar with Growing competition
may not allow adequate interest from targeted users Meaning
that the users might not want to move to learning and using a
new system for same purpose Users Project Manager Low
interest in the development of repository from certain students
HighSimilar technologies and respositories may exist thus
competition for a better system persists Significant Will make it
difficult to help popularize the repository amongst the
competition 80%, $10,000, $8000Will have a signigicant impact
on the software deployment and usage 15Management will need
to come up with plan to introduce and familiarize the software
to the users Response requiredFocus on creating value for the
system for students, promoting its use through various activities
Training sessions, information seminars and activities Activity
list, schedule, estimate $1,500High High Hire Training StaffNo
immediate trainers might be available Low Appoint someone
from the IT department to take on the role2Requirement
gathering is new for the stakeholders The system is new
therefore the stakeholders might not fully understand the depth
of the requirements of the system Leading to possibly
incomplete or insuffucient requirements Project Development
Project Manager When project is being developed, and analysis
is being done, scope is found to be limitedMediumStakeholders
did not fully explain their requirements and proper gathering
processes were not implemented Moderate Will impact the
project time and budget when new requirements will come in
mid development 60%, $5000, $3000Will lead to a change or
redo of software components 20Will require management to
explain the scope of the system to the students to gather as
many requirements from them as possible Response
requiredRecollect requirements with adequate tools employ
requirement gathering techniques that were not used before
since previous ones did not prove as effective WBS, Activity
list, schedule, estimate $2,000Medium Significnat Try to
reassess the current scope and implement mitigatory actions as
much as possible Requirements might still be unclear to
students MediumReevaluate user input based on their
understanding by making the task simpler for them 3User
understanding was inadequate UI and user controls are not easy
to use Leading to design flaws User Acceptance Project
Manager, Development Team User Acceptance Test is failed
Low Development team was not skilled enough Low Will
impact proper development of the system 10%, $7000, $700Will
lead to a change or redo of software components 15Will require
development team to fix the issues Response requiredReassess
and recreate usecases as per requirements and hire experienced
personnel employ requirement gathering techniques that were
not used before since previous ones did not prove as effective
WBS, Activity list, schedule, estimate $1,500Medium
Significnat Try to reassess the current scope and implement
mitigatory actions as much as possible Software is not as user
friendly as intended HighHCI rules need to be followed and UI
needs to be made as basic and common as possible4Delayed
approvals lead to delayed acceptance Industy level templates
were not verified within given time Delay in project
timelineResources Project Manager, Project Team Incorporation
of templates into the system is delayed MediumApprovals from
higer up and management may take time due to agreeing on a
standard template Moderate Will impact the timeline of the
project 50%, $3000, $1500Will cause additional resources to be
used 30Will require project manager to mitigate the lost time
within max 30 days to keep timeline as close to goal as possible
Will resolve with the process Quicken process by setting up
metrics to assess templates against Moving up deadlines by
focusing on completing tasks that are individual and can be
completed with minimum possible risk WBS, Project Timeline
$1,500Medium Medium Reschedule activities to fall
maximumly within timeline without compromising quality
Delay in launching of software's beta versionMedium Follow
IEEE format for IT and PMBOK format for PM templates
initially 5Change in resources and technology a more adavanced
technology is needed to implement the project specifications
Leading to an increase in budget Project Development Project
Management, Developer Development Phase MediumA newer
technology might come up during development process
Moderate Will impact the timeline and development 50%,
$5000, $2500Will causebudget to be increased by a certain
amount 15Will require PM to mitgate increase in budget by
justifying increase and balancing otherwise Response
requiredAssess if this is needed Balance out budgetary practices
by saving cost on any resources that is unncessay by
reevalauting current uses Project Budget $2,500Low Medium
Move budget to other depatments that need the
moneyTechnology might not be user friendlyHighAssess user
acceptance before implementing 6Unavailability of budget
Project Proposal was not approved leading to the cancellation of
the project Sterring Committee Project Sponsor Project Charter
could not be approved due to nonavailability of fundsLow
Institute does not have the required budget Low Will impact
development 5%, $15000, $750Will lead to cancellation of
budget completelyn/aProject is cancelled Watch list Meet with
Sponsors to mitigate risk and get budget approved as per
requirement N/AProject Closure $1,000LowSignificnat Close
project, repropose laterN/A7 Existing technology or easier
repositories might already exist Feature is not user friendly and
does not add to the refinement of the software leading to
rejection from sponsor Project Development Project Manager,
Development Team Project Sponsor is part of the user
acceptance testing MediumIEEE standards and use cases were
not followed Moderate Will impact user experience 5%, $15000,
$750Will lead to cancellation of budget completelyn/aProject is
cancelled Watch list Reassess the feature and redevelop it as
needed N/AProject Closure $1,000Low Significnat Close
project, repropose laterN/A8Initial scope did not include setting
up a cloud based technolgy Change in the server type means
change in software development and software size leading to
underestimation of software size Project Development Project
Sponsor, Project Manager, Development Team When the
sponsor decided that they need a more remote access for the
respository HighScope changed due to stakeholder demand
Significant Will impact development 25%, $5000, $1250Will
lead to additional resources being deployed to develop new
requirements 15Reestimation will be required Response
requiredReassess software size with any additional requirements
and tasks provided by stakeholder, revising the project charter
and scopeUse software estimation practices that were not
implemented previouslyWBS, Activity list, schedule, estimate
$1,500Medium HighExtend resources and hire more developers
to meet requirements Might lead to increase in budget as
wellHigh Ree-evalaute technology options9Inadequate
assessment of scope Given that the scope was underestimated
leading to inadequate resources Project Development Project
Manager, Sponsor When resources are required for
functionality, they are inadeuqate Low Business analyst was not
skilled Low Will impact development30%, $2500, $750Will
lead to increased budget to procure more resources
10Reestimation will be required Response requiredReasses the
resources, procure more as needed, reevalaute budget and
propose appropriately to sponsor Procure resources as per
revised requirements after getting formal approval from sponsor
WBS, Activity list, schedule, estimate$1,000High Low Procure
more human and material resources as needed Impacts project
timeline and budget Medium Try to perform tasks within the
resources available 10Current situations due to COVID-19 have
forced budget cuts in many departments Budget cuts may effect
the funding for the IT and software development department
tooleading to a descrease in budget for the PMO software
Project Resource Project Sponsor, Budgeting Manager Project
will be constrained on resources and development
MediumInternal disputes in the institution Moderate Will
impact development40%, $4000, $1600Will lead to a budget cut
10Reestimation will be requiredResponse requiredReevalaute
budget and update accordingly Adjust budget accordingly and
assess if left over budget can be used in other places or is not
needed WBS, Activity list, schedule, estimate$1,500Medium
Low Adjust budget plan to minimum possible external spending
to facilaite the reassessment Less developers might be hired in
imapct of this Low Hire a less experienced developer who is
cheaper to assisst the main developers 11Interns are not
interested in the oppurunity due to a non-paying position
Students are not willing to invest time since this is not a paid
oppurtunity leading to unavailability of anyone to manage the
system Project Maintance Project Manager, Sponsor Low
interest from students to volunteer for position HighThis
oppurtunity is a new one and no one can provide proof of
development as of yetSignificant Will impact maintanance and
upkeep of system 50%, $1000, $500Will lead to improvements
being made thus more man hours 15Updating va the software
will take tileResponse requiredFocus on training the students by
showing them the usefulness of the software Provide on spot
training to students willing to learn by temporarily appoininting
IT faculty memebers as trainers WBS, Activity list, schedule,
estimate$500High Medium Hire Training StaffMaintance might
need to be done by hiring external personnel MediumAppoint
someone from the IT department to take on the role12Students
are not familiar with HCI rules Some features are not user
friendly or standard leading to poor user experience Project
Development Project Manager, Development team Users did not
give positive feedback MediumInexperienced developers
Moderate Will impact development50%, $3000, $1500Will lead
to improvements being made thus more man hours 10Updating r
user software will take tileResponse requiredExplain to
stakeholders in layman terms of the software requirements and
gather necessay requirements again Exhibit parts of the
software to the students ithrough demonstrations and
presentations in attempts to make its functions more
understandable by themWBS, Activity list, schedule,
estimate$1,500High Medium Have training sessions and
seminarsStudents do not want to use the dedicated
systemHighFollow mitigatory techniques for similar risks
discussed 13An older system is being used current in the system
outdate technology can not support newer technology meaning
that software tools can not be intergated into the current
systemTeam is unable to integrate the newer system
HighInexperienced developers Major Will impact system
implementation 20%, $7000, $1400Will lead to improvements
being made thus more man hours 10Updating of current
software will take time Response requiredUpdate current
systemUpdate functionalities of the current systemWBS,
Activity list, schedume, estimate$1,500Medium Medium
Implement update simultaneously with current system
development Delay in deployment of software Medium Assess
deployment needs prior to software development 14Students are
not familiar with the working of a similar system and nor know
the need of one Students require recognition to the system and
its usefulness to be able to use it students do not understand the
functionality, however, this provides an oppurtunity to create
tutorials and user guides to train students User Acceptance and
UsageProject Managemer, Development Team No positive
response from users on certain functionalities
HighUnenthusiastic students, unknowledgeable on the need for
standard practices Significant Will impact user experience
40%, $2500, $1000Will require hiring/deployment of faculty to
train students 15Hiring of trainign staff and training of students
will take time Response requiredTrain the students Hold weekly
training sessions with students WBS, Activity list, schedust,
estimate$1,000High High Have training sessions and
seminarsTakes a lot of time to train the students
MediumProvide detailed guidance and video assists to use and
implement the system15Formal project closing was delayed due
to organizational incomeptence Owing to a rushed project
timeline unfinished items might not be addressed leading to
unsatisfied clients Project Closure Project Sponsor, Project
Manager, Development Team Project manager is unable to
formally close the project which will lead to bad practice
HighOrganization has internal issues which reflect on the
project development Significant Will impact project
closure30%, $5000, $1500Will require additional reosurces and
man hours 12Reestimation will be requiredResponse
requiredMeet with Sponsors to mitigate risk and get budget
approved as per requirement Work on formal clousre by
completing all maintanance practices WBS, Activity list,
scheduun, estimate$1,500Low High Meeting with sponsor to
assess closure activities Delay in handing over HighFormal
closure should be done as early as possible with Project Sponsor
signing off on all activities 16Students do not know anything
about the new system or its workings They are not interested in
the itnernship because it’s a position they do not understand
Leads to an oppurunity to train the students on how to use and
manage new types of software Usage and Maintanance of
Software Project Manager, University AdminStudents are
reluctant to apply for the internship position Medium This
would provide an oppurtunity to train student in using and
managing software while improving their learning curve on the
program Significant Will impact project usage and maintanance
50%, $2500, $1250Will require hiring/deployment of faculty to
train students 15Hiring of trainign staff and training of students
will take time Response requiredTrain the students Provide on
spot training to students willing to learn by temporarily
appoininting IT faculty memebers as trainers WBS, Activity
list, scheduLe, estimate$1,500High High Have training sessions
and seminarsSeminars might be delayed due to academic
commitments MediumSchedule seminras during holidays
Week 5 – Completion of Risk Management Plan (Week 1 Draft)
Overview and Rationale
In order to demonstrate proficiency with the content in this
course we will complete a number of different assignments to
validate
your learning – and allow you to implement relevant practices a
real-world setting.
Program Level - Student Learning Outcomes:
• Create a risk management plan to determine how both positive
and negative risks will be identified, analyzed and managed
• Articulate the value and benefits of creating an effective
approach to planning for project risk management
• Identify project related risks and their drivers by integr ating
best practices, tools and techniques
• Analyze risks using qualitative methods for the purpose of risk
exposure and prioritization and communicate their impact to the
stakeholders
• Analyze risks using quantitative methods for the purpose of
risk exposure and prioritization and communicate their impact
to the
stakeholders
• Recommend risks for risk response planning or watch list
• Devise a risk response plan based on appropriate techniques
and strategies that would meet
o Stakeholders’ expectations
• Execute the risk management plan to continuously monitor
risks and risk responses
• Describe how organizational and cultural factors may
undermine implementation of effective risk management and
develop strategies to
overcome these factors
Essential Components
This assignment provides the opportunity to review risk
management practices and complete the Risk Management Plan.
• For this assignment, we are going back in time in the project
risk management process - back to the start of this term and
building on the
draft of the Risk Management Plan.
• For Week 1, you drafted considerations for the Risk
Management Plan for your individual project. At that point, we
were not able to
actually write the risk management plan since we had not yet
reviewed the tools and techniques you would need to include in
it to create
it.
• As we moved through the term, we did review those tools and
techniques which would then allow you build a comprehensive
risk
management plan at project start - based on our conversations
on the risk management process.
• Now, we are going back in time - back to "project start" and
"pretending" that we have not done the risk work for this
project.
• You will create the risk management plan for the project
(assuming we are at project start) that reflects the breadth and
depth of how risk
work would be/ will be done on your project based on our
learnings this term. Again, to note, the risk management plan
would be created
prior to the development of the risk register, the actual risk
work and guides how the risk work will be done.
• Your risk management plan should connect to the formal work
done through our lectures, readings, and discussion boards, as
well as
other research you may conduct.
• The format for this Week 5 risk management plan is a Word
Document. Cite any sources. The writing style should be
concise and
straightforward. Please use a 12-point font.
Assignment Rubric
Category Above Standard Meets Standards
Approaching
Standards Below Standards
Not
Evident
Assignment
requirements
(70%)
Goes well above the
requirements of the
assignment.
Goes above the
minimum
requirements of the
Meets minimum
assignment
requirements
Meets some
assignment
requirements
Does not meet the
requirements of the
assignment.
Provides new
information, tools,
assignment
and/or techniques
Critical Thinking Professional insights Comprehensive Includes
an explanation Includes a general Does not explain the
(15%) into depth and breadth explanation of the of the issue;
explanation of the issue issue; does not explore
of assignment - goes issue; exploration of exploration of expert
but is vague or is not expert viewpoints or
WELL beyond expert viewpoints and viewpoints and use of
clearly linked to the use evidence to inform
assignment use of evidence to evidence to inform identified
risks; interpretation and
requirements to inform interpretation interpretation and
includes some analysis; does not
explore risks and/or and analysis; thorough analysis; includes
an exploration of expert provide an evaluation
relevant new evaluation of the evaluation of the viewpoints and
use of of the context
techniques. context (historical, context (historical, evidence to
inform (historical, ethical,
ethical, cultural, ethical, cultural, interpretation and cultural,
environmental
environmental or environmental or analysis; includes a or
circumstantial
circumstantial circumstantial general evaluation of settings),
and self and
settings), and self and settings), and self and the context
(historical, others’ assumptions
others’ assumptions others’ assumptions ethical, cultural, and
perspectives when
and perspectives when and perspectives when environmental
or stating a position;
stating a position; well- stating a position; circumstantial
conclusions are not
informed conclusions conclusions are based settings), and self
and based on prioritized
based on methodically on methodically others’ assumptions
evidence and
and perspectives when perspectives.
stating a position, but
prioritized evidence
and perspectives.
prioritized evidence
and perspectives.
lack specificity;
conclusions are based
on prioritized evidence
and perspectives.
Communication
(10%) (includes
grammar and
clarity)
Goes well beyond
assignment
requirements to
communicate
information in a
precise, insightful and
professional manner.
Assignment is well
organized, and the
format can be followed.
It is evident to reader
what is contained in
each section of the
report. High quality
grammar. No
misspellings.
Assignment is
organized, and the
format can be followed.
It is evident to reader
what is contained in
each section of the
report. High quality
grammar. No
misspellings.
Assignment is well
organized, and the
format can be followed.
It is evident to reader
what is contained in
each section of the
report. Good quality
grammar. Minor
misspellings.
Assignment is not
organized. It is not
evident to reader what
is contained in each
section of report. Low
quality grammar,
misspellings.
Formatting Virtually no errors in Rare errors in Some errors in
Multiple errors in Does not submit
(5%) formatting, citations, formatting, citations, formatting,
citations, formatting, citations, assignment materials
NOTE: Gross
or references. or references. or references. or references. in
APA 6 format.
failure to
provide
PROPER
citations and
references –
particularly
with regard to
direct quotes –
will result in
sanctions as
outlined in the
academic
honesty policy
Term Risk Management Report -
Presentation
Exceeds Standards = 5 Meets Standards=4 Meets
Standards=3 Approaching Standards=2 Below
Standards=1
Required Components (60%)
Goes WELL above requirements of the
assignment
Includes all required components
as stated in the assignment
instructions
Includes most of the required
components as stated in the
assignment instructions
Missing some of the required
components as stated in the
assignment instructions
Excludes most of the required
components as stated in the
assignment instructions
Integration with Term Work (10%)
Goes WELL above requirements of the
assignment to integrate course learnings
Integrate course learnings that
effectively reflect breadth and
depth of risk work
Integrate some course learnings
that effectively reflect breadth
and depth of risk work
Integrate very few course learnings
that reflect breadth and depth of
risk work
Does not integrate course
learnings that reflect breadth
and depth of risk work
Organization (5%)
Goes beyond requirements of assignment in
slide organization
Organize slides in a logical way
consistent with the project focus
with well-paced transitions. No
errors related to grammar, style
and citations
Organize slides in a logical way
consistent with the project focus
with adequate transitions. 1-2
errors related to grammar, style
and citations
Organize slides in a logical way
consistent with the project focus. 3-
4 related to grammar, style and
citations
Slides are not organized a
logical way consistent with the
project focus and transitions
are poorly paced. 5+ errors
related to grammar, style and
citations
Visuals (5%)
Goes beyond requirements of assignment in
slide visuals
Use visuals appropriately that
enhance the presented ideasin an
exemplary manner
Use visuals appropriately that
enhance the presented ideasin
an adequate manner
Use visuals appropriately that
somewhat enhance the presented
ideas
Does not use visuals
appropriately: distracting and
busy
Delivery (10%) - However, if this is not
provided, the highest grade your work will
earn is a B-.
Goes beyond requirements of assignment in
presentation narration
Narration is clear and concise with
variation in volume and inflection,
holds attention, and emphasize key
points _OR _ Notes reflect the
same if read out loud
Narration is clear and concise,
holds attention, and emphasize
key points _OR _ Notes reflect
the same if read out loud
Narration is clear and concise,
emphasize key points _OR _ Notes
reflect the same if read out loud
Narration is not clear and
concise with variation in
volume and inflection, fails to
holds attention or emphasize
key points_OR _ Notes reflect
the same if read out loud
Critical Thinking (10%)
Professional insights into depth and breadth of
assignment - goes WELL beyond assignment
requirements to explore risks and/or relevant
new techniques.
The assignment includes all of the
following standards:
Comprehensive explanation of the
risk work; use of evidence to
inform interpretation and analysis;
thorough evaluation of the context
(historical, ethical, cultural,
environmental or circumstantial
settings); well-informed
conclusions based on methodically
prioritized evidence and
perspectives.
The assignment includes most of
the following standards:
Comprehensive explanation of the
risk work; use of evidence to
inform interpretation and
analysis; thorough evaluation of
the context (historical, ethical,
cultural, environmental or
circumstantial settings); well-
informed conclusions based on
methodically prioritized evidence
and perspectives.
The assignment includes some of
the following standards:
Comprehensive explanation of the
risk work; use of evidence to
inform interpretation and analysis;
thorough evaluation of the context
(historical, ethical, cultural,
environmental or circumstantial
settings); well-informed conclusions
based on methodically prioritized
evidence and perspectives.
The assignment does not
include any of the following
standards or includes them
minimally:
Comprehensive explanation of
the risk work; use of evidence
to inform interpretation and
analysis; thorough evaluation
of the context (historical,
ethical, cultural, environmental
or circumstantial settings); well-
informed conclusions based on
methodically prioritized
evidence and perspectives.
Risk Management Presentation
This part of the term assignment is to create a presentation of
how you worked to create your Risk
Management Plan and Register over the term. This is not a
general presentation of risk management -
it is specific to the work you have done all term. If you would
like to introduce the concept at the start
of the slide, you may do that - however, the focus of this work
is how the risk work was done on your
project - what tools/ techniques/ processes were used, how they
worked, what you would do different
moving forward (see slide guide for details). This is your
opportunity to revise work done all term based
on instructor feedback as well as what you have continued to
learn from the course content and your
peers.
This purpose of this presentation is to present your risk work to
your peers for their review - this will be
posted to the DB at the end of Week 5 (Sunday night) and will
allow others in class to benefit from your
insights and perspectives. Students will both give and receive
feedback with classmates.
Given this, assume your presentation audience is a peer review
board. These folks "know" risk
management. In addition to sharing specifically how the risk
work was done, it is also the opportunity to
share lessons learned - to identify effective elements of your
work and provide insights into what else
might be considered. Consider answering the following
questions for your presentation:
Slide 1: Cover slide and your name
Slide 2 - Overview of project
Slide 3 - Key components of your Risk Management Plan -
subsequent slides will share the detail of the
risk management plan and your risk register. Be sure to explain
key parts that informed your risk work
that are not explained in slides 4 - 8.
Slide 4 - How were risks identified? The value of your
approach? What was difficult? Lessons for next
time?
Slide 5 - How were risk prioritized? How valid do your feel
this approach is? What does it it now
address? What was the risk threshold to determine if risks were
addressed or remained on a watch list?
Slide 6- How were risk response strategies developed?
Integrated with your other planning
components? Secondary risks added? Based on your risk
reassessment, do these actions add value?
Slide 7 - What is your request for Contingency Reserve? How
was it determined? Is it sufficient? How
will it be managed?
Slide 8 - How will risks be controlled? How will you ensure
that risk work continues through the project
and that the risk register is up to date?
You should use 2 - 3 risks to tell the story in Slides 4 - 7. This
is not a presentation of your complete list
of risks but rather your process with an example or two to be
shared.
Slide 9 - Value of Risk Management - how much better off is
this project based on the risk work? What
is left to be done?
Slide 10 - Be sure to include the necessary references and
citations (APA 6 format)
You have to provide detail notes for each slide that thoroughly
explain the work on each slide. This
information is to be written out in the notes section of the slide
as a script for the presentation - if
read out loud, would read as the presentation if given in person.

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Project Overview –Virtual PMO Services for PJM Students and Alum

  • 1. Project Overview – Virtual PMO Services for PJM Students and Alumni This project is one I have wanted to do for some time now – in order to move it forward to our leaders for approval, it would be very helpful to have an integrated plan to share for decision making – a draft charter/ scope statement and workplan has been created for this project. The next planning step is to complete the risk work. Project Background Currently, each faculty within our PJM program shares a number of project management templates used in their own project management work for use within their courses. The intent is to collect and share these templates across all sections of a course so that all students have access to a number of potential templates in that subject area and can then create their own version of the template that best meets the needs of their assignment projects. This will also store all templates in one place for easy access – regardless of the course that one is in it is convenient to locate other templates that might be helpful for the work in any course. We also would like to make this available to alumni of the program – to allow them to benefit from our inventory of templates and also to allow them to contribute templates to the NU PJM community. This provides yet another opportunity for industry alignment and maintains a connection with our esteemed alumni. This project is still considered to be at the beginning of its efforts. It will be a visible project within the Northeastern community – for faculty, current students and alumni.
  • 2. Work to date – currently, there are many project management templates floating around our program. There has not been a coordinated effort to locate, vet and store these templates – nor have we considered if there are gaps in the templates provided. Work includes understanding the needs of faculty, students and alumni and then creating a shared repository solution that will meet these needs. At minimum, the project will identify all available templates from faculty, reviewing these to ensure they are comprehensive, clear and ready for use and well as to review the inventory of templates against good practices in project management and the PMBOK - and that there are no copyright issues with posting on our shared site. Both faculty and students near the end of the program should be included in the review of the templates. The shared site tool needs to be selected – this will require understanding the needs of faculty, students and alumni as well as standards to be followed in the IT constraints. The site needs to be designed and the templates uploaded. A process needs to be created and implemented for upkeep on the templates as well as how additional templates are submitted for consideration, vetted and the site updated. • • • Ÿ 1 A plan for transition and sustainment needs to be created and implemented – how will students and alumni find out about this site? Who do they contact if they have questions on the site? Who will maintain it? It would seem that setting up an internship or co-op opportunity for a PJM student to do this work for 3 – 6 months and then transition the work to another student would be an option.
  • 3. I have provided preliminary information in the (very rough) draft Scope Document, below. Preliminary planning has been done – see the overview information below as well as the attached (separate document) schedule. I have volunteered our PJM 6015 course to build the risk management plan and risk register for this work. This will finalize the draft plan for the project for project review and approval. Project Objective/ Success Criteria (Charter): To design, build and implement a shared repository for project management templates that will meet the needs of faculty, current students and PJM alumni. In addition, to create and implement an operating plan for the transition and sustainment of the site. Assigned Risk Manager (Charter): Members of PJM 6015 Sponsor (Charter): PJM Faculty member Project Scope Description: The work of this project is to create shared repository for PJM templates that is then implemented within PJM CPS (Project Management at College of Professional Studies). Work Includes Work Does Not Include Creation of integrated project plan and project management of project – biweekly reporting to begin after Planning approved through project end Ongoing maintenance of site Finalized requirements Training on use of templates Selection of technology Collection, refinement and approval of templates Communication to faculty, students and alumni
  • 4. Upload of templates to shared repository Job aides for faculty and students prepared/ Integration into courses Process for maintaining site with industry aligned templates Process for bringing on co-op/ intern student to manage site Retrospective (Lessons Learned) Acceptance Criteria Faculty, students and alumni are prepared to use siteTemplates are industry aligned and availableIT is prepared to support the product from a technology perspectiveProcesses and site are ready for Fall 2020 Project Exclusions – see out of scope above Project Constraints Schedule – work complete and ready for full implementation Fall Quarter 2020 Project Assumptions:The core project team (you) may only devote 50 percent of available effort to this projectOther project resources will be negotiated per integrated project plan.Hourly pay rate for each team member is $75.00 Major Milestones: See project workplan Sheet1Risk IdentificationRisk AnalysisRisk Response PlanRisk Monitoring and ControllingRisk NumberRisk StatementRisk OwnerTriggerQualitatitive AnalysisQuantitative AnalysisRisk ActionRisk ResponseDetail of ResponseIntegration with Project PlanCost of ResponseReassessment of RiskContingency
  • 5. PlanSecondary RiskSecondary Risk AnalysisSecondary Risk ResponseRisk StatusCauseConditionConsequenceCategoryProbabilityReasonin gImpactExplanationEMV-CostReasoningEMV-Duration (days)ReasoningProbabilityImpactRisk introduced based on Risk Response1 This risk is a sample only - be sure to delete and add your own risk work into thisDue to a lack of interest in volunteering/ mentoring studentswe may be unable to secure enough volunteerswhich will limit the number of teams that can participate. StaffTM 1Volunteer sign up is low by mid-point of activityMediumArea professionals look forward to volunteering at these events - however since this is the first time for this event, we don't have a pool of volunteers to work withHighWill limit number of students who can participateProbability = 40% Impact = $5000 EMV = $2000n/aResponse requiredMitigateAdvertise in local paper, reach out to local employers to find volunteersAdd work to WBS/activity list/ estimate/ schedule$100LowHighHire mentorsMay not get qualified volunteersProbability - Low Impact - HighEnsure there are clear requirements for mentoring job, cancellation clause in contract. Consider using college students as a next step.Open1Users want an easy way out, or something they are already familiar with Growing competition may not allow adequate interest from targeted users Meaning that the users might not want to move to learning and using a new system for same purpose Users Project Manager Low interest in the development of repository from certain students HighSimilar technologies and respositories may exist thus competition for a better system persists Significant Will make it difficult to help popularize the repository amongst the competition 80%, $10,000, $8000Will have a signigicant impact on the software deployment and usage 15Management will need to come up with plan to introduce and familiarize the software to the users Response requiredFocus on creating value for the system for students, promoting its use through various activities Training sessions, information seminars and activities Activity
  • 6. list, schedule, estimate $1,500High High Hire Training StaffNo immediate trainers might be available Low Appoint someone from the IT department to take on the role2Requirement gathering is new for the stakeholders The system is new therefore the stakeholders might not fully understand the depth of the requirements of the system Leading to possibly incomplete or insuffucient requirements Project Development Project Manager When project is being developed, and analysis is being done, scope is found to be limitedMediumStakeholders did not fully explain their requirements and proper gathering processes were not implemented Moderate Will impact the project time and budget when new requirements will come in mid development 60%, $5000, $3000Will lead to a change or redo of software components 20Will require management to explain the scope of the system to the students to gather as many requirements from them as possible Response requiredRecollect requirements with adequate tools employ requirement gathering techniques that were not used before since previous ones did not prove as effective WBS, Activity list, schedule, estimate $2,000Medium Significnat Try to reassess the current scope and implement mitigatory actions as much as possible Requirements might still be unclear to students MediumReevaluate user input based on their understanding by making the task simpler for them 3User understanding was inadequate UI and user controls are not easy to use Leading to design flaws User Acceptance Project Manager, Development Team User Acceptance Test is failed Low Development team was not skilled enough Low Will impact proper development of the system 10%, $7000, $700Will lead to a change or redo of software components 15Will require development team to fix the issues Response requiredReassess and recreate usecases as per requirements and hire experienced personnel employ requirement gathering techniques that were not used before since previous ones did not prove as effective WBS, Activity list, schedule, estimate $1,500Medium Significnat Try to reassess the current scope and implement
  • 7. mitigatory actions as much as possible Software is not as user friendly as intended HighHCI rules need to be followed and UI needs to be made as basic and common as possible4Delayed approvals lead to delayed acceptance Industy level templates were not verified within given time Delay in project timelineResources Project Manager, Project Team Incorporation of templates into the system is delayed MediumApprovals from higer up and management may take time due to agreeing on a standard template Moderate Will impact the timeline of the project 50%, $3000, $1500Will cause additional resources to be used 30Will require project manager to mitigate the lost time within max 30 days to keep timeline as close to goal as possible Will resolve with the process Quicken process by setting up metrics to assess templates against Moving up deadlines by focusing on completing tasks that are individual and can be completed with minimum possible risk WBS, Project Timeline $1,500Medium Medium Reschedule activities to fall maximumly within timeline without compromising quality Delay in launching of software's beta versionMedium Follow IEEE format for IT and PMBOK format for PM templates initially 5Change in resources and technology a more adavanced technology is needed to implement the project specifications Leading to an increase in budget Project Development Project Management, Developer Development Phase MediumA newer technology might come up during development process Moderate Will impact the timeline and development 50%, $5000, $2500Will causebudget to be increased by a certain amount 15Will require PM to mitgate increase in budget by justifying increase and balancing otherwise Response requiredAssess if this is needed Balance out budgetary practices by saving cost on any resources that is unncessay by reevalauting current uses Project Budget $2,500Low Medium Move budget to other depatments that need the moneyTechnology might not be user friendlyHighAssess user acceptance before implementing 6Unavailability of budget Project Proposal was not approved leading to the cancellation of
  • 8. the project Sterring Committee Project Sponsor Project Charter could not be approved due to nonavailability of fundsLow Institute does not have the required budget Low Will impact development 5%, $15000, $750Will lead to cancellation of budget completelyn/aProject is cancelled Watch list Meet with Sponsors to mitigate risk and get budget approved as per requirement N/AProject Closure $1,000LowSignificnat Close project, repropose laterN/A7 Existing technology or easier repositories might already exist Feature is not user friendly and does not add to the refinement of the software leading to rejection from sponsor Project Development Project Manager, Development Team Project Sponsor is part of the user acceptance testing MediumIEEE standards and use cases were not followed Moderate Will impact user experience 5%, $15000, $750Will lead to cancellation of budget completelyn/aProject is cancelled Watch list Reassess the feature and redevelop it as needed N/AProject Closure $1,000Low Significnat Close project, repropose laterN/A8Initial scope did not include setting up a cloud based technolgy Change in the server type means change in software development and software size leading to underestimation of software size Project Development Project Sponsor, Project Manager, Development Team When the sponsor decided that they need a more remote access for the respository HighScope changed due to stakeholder demand Significant Will impact development 25%, $5000, $1250Will lead to additional resources being deployed to develop new requirements 15Reestimation will be required Response requiredReassess software size with any additional requirements and tasks provided by stakeholder, revising the project charter and scopeUse software estimation practices that were not implemented previouslyWBS, Activity list, schedule, estimate $1,500Medium HighExtend resources and hire more developers to meet requirements Might lead to increase in budget as wellHigh Ree-evalaute technology options9Inadequate assessment of scope Given that the scope was underestimated leading to inadequate resources Project Development Project
  • 9. Manager, Sponsor When resources are required for functionality, they are inadeuqate Low Business analyst was not skilled Low Will impact development30%, $2500, $750Will lead to increased budget to procure more resources 10Reestimation will be required Response requiredReasses the resources, procure more as needed, reevalaute budget and propose appropriately to sponsor Procure resources as per revised requirements after getting formal approval from sponsor WBS, Activity list, schedule, estimate$1,000High Low Procure more human and material resources as needed Impacts project timeline and budget Medium Try to perform tasks within the resources available 10Current situations due to COVID-19 have forced budget cuts in many departments Budget cuts may effect the funding for the IT and software development department tooleading to a descrease in budget for the PMO software Project Resource Project Sponsor, Budgeting Manager Project will be constrained on resources and development MediumInternal disputes in the institution Moderate Will impact development40%, $4000, $1600Will lead to a budget cut 10Reestimation will be requiredResponse requiredReevalaute budget and update accordingly Adjust budget accordingly and assess if left over budget can be used in other places or is not needed WBS, Activity list, schedule, estimate$1,500Medium Low Adjust budget plan to minimum possible external spending to facilaite the reassessment Less developers might be hired in imapct of this Low Hire a less experienced developer who is cheaper to assisst the main developers 11Interns are not interested in the oppurunity due to a non-paying position Students are not willing to invest time since this is not a paid oppurtunity leading to unavailability of anyone to manage the system Project Maintance Project Manager, Sponsor Low interest from students to volunteer for position HighThis oppurtunity is a new one and no one can provide proof of development as of yetSignificant Will impact maintanance and upkeep of system 50%, $1000, $500Will lead to improvements being made thus more man hours 15Updating va the software
  • 10. will take tileResponse requiredFocus on training the students by showing them the usefulness of the software Provide on spot training to students willing to learn by temporarily appoininting IT faculty memebers as trainers WBS, Activity list, schedule, estimate$500High Medium Hire Training StaffMaintance might need to be done by hiring external personnel MediumAppoint someone from the IT department to take on the role12Students are not familiar with HCI rules Some features are not user friendly or standard leading to poor user experience Project Development Project Manager, Development team Users did not give positive feedback MediumInexperienced developers Moderate Will impact development50%, $3000, $1500Will lead to improvements being made thus more man hours 10Updating r user software will take tileResponse requiredExplain to stakeholders in layman terms of the software requirements and gather necessay requirements again Exhibit parts of the software to the students ithrough demonstrations and presentations in attempts to make its functions more understandable by themWBS, Activity list, schedule, estimate$1,500High Medium Have training sessions and seminarsStudents do not want to use the dedicated systemHighFollow mitigatory techniques for similar risks discussed 13An older system is being used current in the system outdate technology can not support newer technology meaning that software tools can not be intergated into the current systemTeam is unable to integrate the newer system HighInexperienced developers Major Will impact system implementation 20%, $7000, $1400Will lead to improvements being made thus more man hours 10Updating of current software will take time Response requiredUpdate current systemUpdate functionalities of the current systemWBS, Activity list, schedume, estimate$1,500Medium Medium Implement update simultaneously with current system development Delay in deployment of software Medium Assess deployment needs prior to software development 14Students are not familiar with the working of a similar system and nor know
  • 11. the need of one Students require recognition to the system and its usefulness to be able to use it students do not understand the functionality, however, this provides an oppurtunity to create tutorials and user guides to train students User Acceptance and UsageProject Managemer, Development Team No positive response from users on certain functionalities HighUnenthusiastic students, unknowledgeable on the need for standard practices Significant Will impact user experience 40%, $2500, $1000Will require hiring/deployment of faculty to train students 15Hiring of trainign staff and training of students will take time Response requiredTrain the students Hold weekly training sessions with students WBS, Activity list, schedust, estimate$1,000High High Have training sessions and seminarsTakes a lot of time to train the students MediumProvide detailed guidance and video assists to use and implement the system15Formal project closing was delayed due to organizational incomeptence Owing to a rushed project timeline unfinished items might not be addressed leading to unsatisfied clients Project Closure Project Sponsor, Project Manager, Development Team Project manager is unable to formally close the project which will lead to bad practice HighOrganization has internal issues which reflect on the project development Significant Will impact project closure30%, $5000, $1500Will require additional reosurces and man hours 12Reestimation will be requiredResponse requiredMeet with Sponsors to mitigate risk and get budget approved as per requirement Work on formal clousre by completing all maintanance practices WBS, Activity list, scheduun, estimate$1,500Low High Meeting with sponsor to assess closure activities Delay in handing over HighFormal closure should be done as early as possible with Project Sponsor signing off on all activities 16Students do not know anything about the new system or its workings They are not interested in the itnernship because it’s a position they do not understand Leads to an oppurunity to train the students on how to use and manage new types of software Usage and Maintanance of
  • 12. Software Project Manager, University AdminStudents are reluctant to apply for the internship position Medium This would provide an oppurtunity to train student in using and managing software while improving their learning curve on the program Significant Will impact project usage and maintanance 50%, $2500, $1250Will require hiring/deployment of faculty to train students 15Hiring of trainign staff and training of students will take time Response requiredTrain the students Provide on spot training to students willing to learn by temporarily appoininting IT faculty memebers as trainers WBS, Activity list, scheduLe, estimate$1,500High High Have training sessions and seminarsSeminars might be delayed due to academic commitments MediumSchedule seminras during holidays Week 5 – Completion of Risk Management Plan (Week 1 Draft) Overview and Rationale In order to demonstrate proficiency with the content in this course we will complete a number of different assignments to validate your learning – and allow you to implement relevant practices a real-world setting. Program Level - Student Learning Outcomes: • Create a risk management plan to determine how both positive and negative risks will be identified, analyzed and managed
  • 13. • Articulate the value and benefits of creating an effective approach to planning for project risk management • Identify project related risks and their drivers by integr ating best practices, tools and techniques • Analyze risks using qualitative methods for the purpose of risk exposure and prioritization and communicate their impact to the stakeholders • Analyze risks using quantitative methods for the purpose of risk exposure and prioritization and communicate their impact to the stakeholders • Recommend risks for risk response planning or watch list • Devise a risk response plan based on appropriate techniques and strategies that would meet o Stakeholders’ expectations • Execute the risk management plan to continuously monitor risks and risk responses • Describe how organizational and cultural factors may undermine implementation of effective risk management and develop strategies to overcome these factors
  • 14. Essential Components This assignment provides the opportunity to review risk management practices and complete the Risk Management Plan. • For this assignment, we are going back in time in the project risk management process - back to the start of this term and building on the draft of the Risk Management Plan. • For Week 1, you drafted considerations for the Risk Management Plan for your individual project. At that point, we were not able to actually write the risk management plan since we had not yet reviewed the tools and techniques you would need to include in it to create it. • As we moved through the term, we did review those tools and techniques which would then allow you build a comprehensive risk management plan at project start - based on our conversations on the risk management process. • Now, we are going back in time - back to "project start" and "pretending" that we have not done the risk work for this project. • You will create the risk management plan for the project (assuming we are at project start) that reflects the breadth and depth of how risk
  • 15. work would be/ will be done on your project based on our learnings this term. Again, to note, the risk management plan would be created prior to the development of the risk register, the actual risk work and guides how the risk work will be done. • Your risk management plan should connect to the formal work done through our lectures, readings, and discussion boards, as well as other research you may conduct. • The format for this Week 5 risk management plan is a Word Document. Cite any sources. The writing style should be concise and straightforward. Please use a 12-point font. Assignment Rubric Category Above Standard Meets Standards Approaching Standards Below Standards Not Evident Assignment
  • 16. requirements (70%) Goes well above the requirements of the assignment. Goes above the minimum requirements of the Meets minimum assignment requirements Meets some assignment requirements Does not meet the requirements of the assignment. Provides new information, tools, assignment and/or techniques Critical Thinking Professional insights Comprehensive Includes an explanation Includes a general Does not explain the (15%) into depth and breadth explanation of the of the issue; explanation of the issue issue; does not explore
  • 17. of assignment - goes issue; exploration of exploration of expert but is vague or is not expert viewpoints or WELL beyond expert viewpoints and viewpoints and use of clearly linked to the use evidence to inform assignment use of evidence to evidence to inform identified risks; interpretation and requirements to inform interpretation interpretation and includes some analysis; does not explore risks and/or and analysis; thorough analysis; includes an exploration of expert provide an evaluation relevant new evaluation of the evaluation of the viewpoints and use of of the context techniques. context (historical, context (historical, evidence to inform (historical, ethical, ethical, cultural, ethical, cultural, interpretation and cultural, environmental environmental or environmental or analysis; includes a or circumstantial circumstantial circumstantial general evaluation of settings), and self and settings), and self and settings), and self and the context (historical, others’ assumptions others’ assumptions others’ assumptions ethical, cultural, and perspectives when
  • 18. and perspectives when and perspectives when environmental or stating a position; stating a position; well- stating a position; circumstantial conclusions are not informed conclusions conclusions are based settings), and self and based on prioritized based on methodically on methodically others’ assumptions evidence and and perspectives when perspectives. stating a position, but prioritized evidence and perspectives. prioritized evidence and perspectives. lack specificity; conclusions are based on prioritized evidence and perspectives.
  • 19. Communication (10%) (includes grammar and clarity) Goes well beyond assignment requirements to communicate information in a precise, insightful and professional manner. Assignment is well organized, and the format can be followed. It is evident to reader what is contained in each section of the report. High quality grammar. No misspellings.
  • 20. Assignment is organized, and the format can be followed. It is evident to reader what is contained in each section of the report. High quality grammar. No misspellings. Assignment is well organized, and the format can be followed. It is evident to reader what is contained in each section of the report. Good quality grammar. Minor misspellings.
  • 21. Assignment is not organized. It is not evident to reader what is contained in each section of report. Low quality grammar, misspellings. Formatting Virtually no errors in Rare errors in Some errors in Multiple errors in Does not submit (5%) formatting, citations, formatting, citations, formatting, citations, formatting, citations, assignment materials NOTE: Gross or references. or references. or references. or references. in APA 6 format. failure to provide PROPER citations and references – particularly with regard to direct quotes – will result in sanctions as outlined in the academic
  • 22. honesty policy Term Risk Management Report - Presentation Exceeds Standards = 5 Meets Standards=4 Meets Standards=3 Approaching Standards=2 Below Standards=1 Required Components (60%) Goes WELL above requirements of the assignment Includes all required components as stated in the assignment instructions Includes most of the required components as stated in the assignment instructions Missing some of the required components as stated in the assignment instructions Excludes most of the required components as stated in the
  • 23. assignment instructions Integration with Term Work (10%) Goes WELL above requirements of the assignment to integrate course learnings Integrate course learnings that effectively reflect breadth and depth of risk work Integrate some course learnings that effectively reflect breadth and depth of risk work Integrate very few course learnings that reflect breadth and depth of risk work Does not integrate course learnings that reflect breadth and depth of risk work Organization (5%) Goes beyond requirements of assignment in slide organization Organize slides in a logical way consistent with the project focus with well-paced transitions. No errors related to grammar, style and citations Organize slides in a logical way consistent with the project focus with adequate transitions. 1-2 errors related to grammar, style
  • 24. and citations Organize slides in a logical way consistent with the project focus. 3- 4 related to grammar, style and citations Slides are not organized a logical way consistent with the project focus and transitions are poorly paced. 5+ errors related to grammar, style and citations Visuals (5%) Goes beyond requirements of assignment in slide visuals Use visuals appropriately that enhance the presented ideasin an exemplary manner Use visuals appropriately that enhance the presented ideasin an adequate manner Use visuals appropriately that somewhat enhance the presented ideas Does not use visuals appropriately: distracting and busy Delivery (10%) - However, if this is not provided, the highest grade your work will
  • 25. earn is a B-. Goes beyond requirements of assignment in presentation narration Narration is clear and concise with variation in volume and inflection, holds attention, and emphasize key points _OR _ Notes reflect the same if read out loud Narration is clear and concise, holds attention, and emphasize key points _OR _ Notes reflect the same if read out loud Narration is clear and concise, emphasize key points _OR _ Notes reflect the same if read out loud Narration is not clear and concise with variation in volume and inflection, fails to holds attention or emphasize key points_OR _ Notes reflect the same if read out loud Critical Thinking (10%) Professional insights into depth and breadth of assignment - goes WELL beyond assignment requirements to explore risks and/or relevant new techniques. The assignment includes all of the following standards:
  • 26. Comprehensive explanation of the risk work; use of evidence to inform interpretation and analysis; thorough evaluation of the context (historical, ethical, cultural, environmental or circumstantial settings); well-informed conclusions based on methodically prioritized evidence and perspectives. The assignment includes most of the following standards: Comprehensive explanation of the risk work; use of evidence to inform interpretation and analysis; thorough evaluation of the context (historical, ethical, cultural, environmental or circumstantial settings); well- informed conclusions based on methodically prioritized evidence and perspectives. The assignment includes some of the following standards: Comprehensive explanation of the risk work; use of evidence to inform interpretation and analysis; thorough evaluation of the context (historical, ethical, cultural, environmental or circumstantial settings); well-informed conclusions based on methodically prioritized evidence and perspectives.
  • 27. The assignment does not include any of the following standards or includes them minimally: Comprehensive explanation of the risk work; use of evidence to inform interpretation and analysis; thorough evaluation of the context (historical, ethical, cultural, environmental or circumstantial settings); well- informed conclusions based on methodically prioritized evidence and perspectives. Risk Management Presentation This part of the term assignment is to create a presentation of how you worked to create your Risk Management Plan and Register over the term. This is not a general presentation of risk management - it is specific to the work you have done all term. If you would like to introduce the concept at the start of the slide, you may do that - however, the focus of this work is how the risk work was done on your project - what tools/ techniques/ processes were used, how they
  • 28. worked, what you would do different moving forward (see slide guide for details). This is your opportunity to revise work done all term based on instructor feedback as well as what you have continued to learn from the course content and your peers. This purpose of this presentation is to present your risk work to your peers for their review - this will be posted to the DB at the end of Week 5 (Sunday night) and will allow others in class to benefit from your insights and perspectives. Students will both give and receive feedback with classmates. Given this, assume your presentation audience is a peer review board. These folks "know" risk management. In addition to sharing specifically how the risk work was done, it is also the opportunity to share lessons learned - to identify effective elements of your work and provide insights into what else might be considered. Consider answering the following questions for your presentation: Slide 1: Cover slide and your name Slide 2 - Overview of project Slide 3 - Key components of your Risk Management Plan - subsequent slides will share the detail of the
  • 29. risk management plan and your risk register. Be sure to explain key parts that informed your risk work that are not explained in slides 4 - 8. Slide 4 - How were risks identified? The value of your approach? What was difficult? Lessons for next time? Slide 5 - How were risk prioritized? How valid do your feel this approach is? What does it it now address? What was the risk threshold to determine if risks were addressed or remained on a watch list? Slide 6- How were risk response strategies developed? Integrated with your other planning components? Secondary risks added? Based on your risk reassessment, do these actions add value? Slide 7 - What is your request for Contingency Reserve? How was it determined? Is it sufficient? How will it be managed? Slide 8 - How will risks be controlled? How will you ensure that risk work continues through the project and that the risk register is up to date? You should use 2 - 3 risks to tell the story in Slides 4 - 7. This is not a presentation of your complete list of risks but rather your process with an example or two to be shared.
  • 30. Slide 9 - Value of Risk Management - how much better off is this project based on the risk work? What is left to be done? Slide 10 - Be sure to include the necessary references and citations (APA 6 format) You have to provide detail notes for each slide that thoroughly explain the work on each slide. This information is to be written out in the notes section of the slide as a script for the presentation - if read out loud, would read as the presentation if given in person.