PROJECT RISK MANAGEMENT 2
Project Risk Management
MPM344-1701B-01 Project Risk Management
March 8, 2017
Ronald Burke
Contents
Project Outline 3
Risk Management Justification 3
Project Risks Identification 6
Project Risks Responses Strategy 6
Project Risks Responsibility Plan 6
Project Risks Monitoring and Control Plan 7
Project Risks WBS and Budget Updates 7
Project Risks Communication Plan 7
Reference List 9
Introduction To Project Risk ManagementProject Outline
Brief description of the project.
Today, the United Kingdom and the United States have been receiving an overwhelming number of international students from all over the world. However, the number of the international students is larger compared to students from other countries. Several of these students study English while in the foreign institutions because, at their homeland, they are only shallow English that can only be used to answer examination questions (Lin 2014). The students are faced with a lot of challenges that they have to overcome in order to achieve what brought them to a foreign land. This paper will, therefore, aim at getting a better understanding of how it feels like to learn English as a second language especially for the Chinese students studying abroad. Risk Management Justification
Carrying out a study that involves international students requires that I get data from the international students and their professors. For the student are not within my reach, then some finances will be required to aid the success of the project. Therefore, there is a need to ensure that funds are well managed to avoid overspending.
Project risk management has some advantages which include availing time to have a project being assessed; risks are documented such that future researchers can have a reference since the projects are usually planned, it allows the researcher to provide responses without delay to questions asked, and confidence level increases on the investment decisions.
Project risk management involves an eight-step process. To start with, the researcher has the responsibility of identifying the causes of the risk, that is, every factor that is likely to pose a challenge and delay the meeting of objectives. Here, the researcher is also granted with an opportunity to explore the factors that would enhance the meeting of the objectives. Secondly, the cause of the risk should be identified. Thereafter, the researcher should come up with the controls whose aim is to prevent the occurrence of the risk. In the next step, the researcher should identify the consequences that may arise as a result of the risk and also what impact that the control measures will have on the project. Then, the researcher should come up with a rating description and then the researcher should come up with the Cther controls. In the last steps, the researcher should come up with a decision depending on.
The thesis examines causes, effects, and risks of construction project delays in Sudan and identifies mitigation
measures. It uses a quantitative survey design to collect primary data through questionnaires distributed to contractors,
consultants, and clients in Sudan. The research finds that the most common causes of delay are related to materials and
finances, with clients posing the highest risk. It also determines that implementing measures like information sharing,
quality management, and training can help reduce delays. However, the study has limitations like a small sample size
that restrict generalizability. Overall, the thesis provides useful insights into addressing delays in Sudan's construction
industry.
5 Project Risk Management
adrian825/iStock/Thinkstock
Learning Objectives
By the end of this chapter, you will be able to:
• Define and describe project risk.
• Understand the risk management process.
• Discuss the risk identification process.
• Explain the risk analysis process.
• Describe the risk response process.
• Explain the role of risk monitoring and control.
CO_CRD
CN
CT
CO_LO
CO_TX
CO_BL
co-cn
co-cr
co-box
co-intro
co-photo
co
bar81677_05_c05_149-172.indd 149 9/9/14 10:49 AM
Introduction
Pretest
1. Brainstorming is a good initial approach for identifying risks to a project.
a. True
b. False
2. The risk management process is a three-step process.
a. True
b. False
3. When risks are identified later in the project process, the cost to address these issues
will increase.
a. True
b. False
4. A risk that has a high probability of occurring might have little impact on a project.
a. True
b. False
5. A project manager who has not created a documented risk response plan has not
considered risks fully enough.
a. True
b. False
6. An output of risk monitoring and control includes updating the risk database.
a. True
b. False
Answers can be found at the end of the chapter.
Introduction
Have you ever visited a public park facility and seen an observation tower with a sign reading
“Climb at your own risk?” That is a good example of risk, the chance that something could go
wrong. The park is not only warning you about the risks of climbing the tower, but also saying
that it is not liable should something happen during the climb. In other words, the park is not
willing to share in the risk—it is all yours. In project management there are similar risks that
something will go wrong. The best way to handle anticipated risks is to document and analyze
them beforehand and decide what to do about them should they occur.
Good managers look for risks throughout the project cycle, know what the risks are before they
occur, and work to communicate, prevent, and offset them in their daily decisions and routines.
For instance, if the project manager is aware that a supplier of a key product component might
not keep an adequate inventory of that component on hand and could potentially delay the
project when it is due, the manager may adjust the relevant supply contract to include a penalty
clause for late delivery or make other changes in the way the supplier’s inventory is handled.
The principle is that project managers should be able to identify what might happen, what
the probabilities are that a risk event might occur, what the impacts will be, and how to
prevent or mitigate risks. This principle assumes that failure can be attributed to key events
or circumstances.
H1
sec_n sec_t
bar81677_05_c05_149-172.indd 150 9/9/14 10:49 AM
Section 5.1 The Risk Problem
Risk management is the process of recognizing risks and dealing with them in a project. This
means that risks are identified, ana.
This document discusses the key components of establishing an effective monitoring and evaluation (M&E) system for international development programs, including: 1) conducting a causal analysis to identify the problem, its causes, and desired outcomes of the program; 2) developing a logical framework (logframe) that outlines the goals, objectives, indicators, and assumptions of the program; and 3) creating an indicator matrix that defines each indicator and outlines the data collection methods, responsibilities, analysis, and use of data. The document emphasizes starting M&E planning early and involving stakeholders to ensure the feasibility and ownership of the M&E system.
Risk analysis for project decision-making
Presented by Keith Gray
Monday 10th October 2016
APM North West branch and Risk SIG conference
Alderley Park, Macclesfield
This document summarizes a study that investigated how students perceive risk in software projects. Students participated in an experiment where they assessed risks related to two project scenarios. Their responses were analyzed to determine if their risk assessment followed a linear, convex, or concave utility function. The study found differences in perceived risk between students and also investigated whether risk perception differed based on their project role or the criticality of the project. The results provide insight into how individuals evaluate and make decisions regarding project risks.
RISK RESPONSE STRATEGIES AND PERFORMANCE OF PROJECTS IN KIRINYAGA .docxdaniely50
RISK RESPONSE STRATEGIES AND PERFORMANCE OF PROJECTS IN KIRINYAGA COUNTY, KENYA
JAMES KADEGHE WARUI
D53/OL/CTY/26217/15
A RESEARCH PROJECT SUBMITTED TO THE SCHOOL OF BUSINESS IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF DEGREE OF MASTER OF BUSINESS ADMINISTRATION (PROJECT MANAGEMENT) OF KENYATTA UNIVERSITY Comment by user: Proposal
MAY, 2019
DECLARATION
I declare that, this proposal is my own original work and has not been presented for award of any degree in any university. No part of this proposal should be reproduced without the authority of the author and/or Kenyatta University.
Signature Date .
James Kadeghe Warui,
D53/OL/CTY/26217/15.
This research proposal has been submitted for the course examination with my approval as the University supervisor.
Signature . Date.
Dr. Lucy Ngugi,
Department of Management Science,
Kenyatta University.
DEDICATION
This work is dedicated to my family for giving me a chance to pursue an education. I also wish to dedicate this proposal to my colleagues for the encouragement and support they gave me towards the completion of this work
ACKNOWLEDGEMENT
I am thankful to God for the good health and strength He installed upon me to pursue this project. I wish to most sincerely thank my entire family for their overwhelming support throughout this process, they have always been a source of inspiration from whom I get my strength. I also appreciate my friends and colleagues who shared this journey with me and encouraged me in this journey. Comment by user: Need to acknowledge supervisor
TABLE OF CONTENTS
DECLARATIONii
DEDICATIONiii
ACKNOWLEDGEMENTiv
LIST OF TABLESvii
LIST OF FIGURESviii
OPERATIONAL DEFINITION OF TERMSix
ABBREVIATIONS AND ACRONYMSx
ABSTRACTxi
CHAPTER ONE1 put chapter and its heading on same line
INTRODUCTION1
1.1Background of the Study1
1.1.1 Project Performance2
1.1.2 Risk Response Strategies3
1.1.3 Projects in Kirinyaga County5
1.2 Statement of the Problem5
1.3 Objectives of the Study6
1.3.1 General Objective of the Study6
1.3.1 Specific Objectives of the Study6
1.4 Research Questions7
1.5 Significance of the Study7
1.6 Scope of the Study8
1.7 Limitation of the Study8
1.8 Organization of the Study9
CHAPTER TWO10 put chapter and its heading on same line
LITERATURE REVIEW10
2.1 Introduction10
2.2 Theoretical Review10
2.2.1 Enterprise Risk Management Model10
2.2.2 Expectancy Theory11
2.2.3 Network Theory12
2.3 Empirical Literature Review12
2.3.1 Risk Avoidance and Project Performance13
2.3.2 Risk Acceptance and Project Performance14
2.3.3 Risk Monitoring and Project Performance15
2.3.4 Risk Mitigation and Project Performance16
2.3.5 Risk Transfer and Project Performance17
2.4 Summary of Literature Review and Research Gaps19
2.5 Conceptual Framework23
CHAPTER THREE24 put chapter and its heading on same line
RESEARCH METHODOLOGY24
3.1 Introduction24
3.2 Research Design24
3.3 Target Population24
3.4 Data Collection Instruments25
.
P
A
P
E
R
S
72 September 2009 ■ Project Management Journal ■ DOI: 10.1002/pmj
INTRODUCTION ■
A
ccording to the United Kingdom’s Royal Academy of Engineering, bil-
lions of pounds are wasted every year on new information technology
(IT) systems. Troubled public-sector IT projects such as the National
Health Service (NHS) National Programme for IT, the Child Support
Agency systems, and HM Revenue and Customs’ Tax Credits IT system have
attracted considerable negative press. They have overrun, cost millions of
pounds more than was budgeted, and, in some cases, have been cancelled
before their costs spiral even further out of control. Terms such as “nightmare”
and “disaster” tend to be attached to such projects. IT projects (the provision
of a service to implement systems and solutions, including a variety of hard-
ware and software products; (Howard, 2001) seem to be more problematic
than other types of projects, with a particularly high rate of failure (McGrew &
Bilotta, 2000; The Standish Group International, 2007; Whittaker, 1999).
Despite well-established best practice project management processes, project
managers appear to be ineffective in the light of such failure.
Organizations such as the Project Management Institute (PMI) and the
United Kingdom’s Association for Project Management (APM) promote best-
practice project management standards. As part of these standards, project risk
management is defined as the systematic process of identifying, analyzing, and
responding to risks. Risk is any project-related event, or managerial behavior,
that is not definitely known in advance but has the potential of adverse conse-
quences on a project objective (PMI, 2004). Project risk management claims to
enable project managers to effectively manage risk and minimize the adverse
influence of risk on the project outcome. However, we have found that IT proj-
ect managers often do not apply a process to manage risks. The reasons for this
vary. Nevertheless, the evidence behind this phenomenon is very scarce, often
descriptive, and inchoate. The purpose of this study was to investigate whether
best practice standards are applied, and if they are not, what reasons led the IT
project manager to decide not to actively approach and manage project risks.
The results show that IT project managers primarily face the problem of
cost justification. Facing costs and time constraints and the uncertainty of
the success of project risk management, they often decided not to actively
manage risks. However, with the benefit of hindsight, we see that such a
decision often turns out to be fatal. Not surprisingly, in projects where proj-
ect risk management is not used, a greater degree of risks materialize than in
those projects where the IT project manager does actively manage risks.
Project Risk Management
Risks may potentially endanger the ability of the project manager to meet
the predefined project objectives, such as scope, time, and cost; tasks may
The .
Running head IMPLEMENTATION STRATEGIESIMPLEMENTATION STRATEGIES.docxcowinhelen
Running head: IMPLEMENTATION STRATEGIES
IMPLEMENTATION STRATEGIES 4
Implementation Strategies
Michael Boddie
Application Implementation
CMGT/445
Michael Goyden
December 11, 2017
Introduction
Project communication is very critical to the success of any project. It is also critical to key project management soft-skill. As a project manager, project communication is one deliverable that they are personally responsible for and it was of the largest influence over the failure or project success. There are main elements of project communications examples are project sponsors, customers, project team members, project manager, and project management office.
Project communication plan
The major objectives of a communication plan are; to encourage the use of project management best practices, ensure a consistent, give accurate and timely information about the project, and to promote and gain support for the project management improvements.
Table 1 below shows the target audience
Project stakeholders
Message
Delivery method
Delivery Frequency
Communicator
Project Sponsor
Project plans and status report
Meeting
Report sent via mail to project sponsor
Weekly
Project manager
Project core team
Project plans
Meeting
Weekly
Project manager
Executive management
Project briefing
Oral briefing and presentation of slides
Monthly
Biweekly
Project manager
Programmers
Project briefing
Oral briefing
Daily
Project manager
Users
Project status
Meeting and presentation slides
Weekly
Project manager
Communication message contents
A project plan shoes a guide of project execution and project control. Then document also shows approved scope of the project, the cost, and schedule. Project plans shows the current and future plans. The documents also shows project problems and issues. Project plan also shows planned project deliverables for the next period. The status report, keeps the key project stakeholders informed. It is shows status summary, status budget, status scope, accomplishment, issues, and project team members. Project briefing shows project issues and problems, it also shows goals of project management improvement, and project checklist (Project Management Institute, 2017).
Documentation Required
There are eight essential documents required for this project. First is a project charter. This document formally recognizes the project creation and the formal contract between project sponsors, project stakeholders, and commercial agreement. Project charter documents gathers aspects related to the contracting and the contacted example is the project name, the goals of the project and the needs that the project it serves. Project charter also shows a brief description of the project, feasibility study, the project products i.e. training manuals, supporting, and monitoring post release of the project. A project charter also shows the intermediate products whic ...
The thesis examines causes, effects, and risks of construction project delays in Sudan and identifies mitigation
measures. It uses a quantitative survey design to collect primary data through questionnaires distributed to contractors,
consultants, and clients in Sudan. The research finds that the most common causes of delay are related to materials and
finances, with clients posing the highest risk. It also determines that implementing measures like information sharing,
quality management, and training can help reduce delays. However, the study has limitations like a small sample size
that restrict generalizability. Overall, the thesis provides useful insights into addressing delays in Sudan's construction
industry.
5 Project Risk Management
adrian825/iStock/Thinkstock
Learning Objectives
By the end of this chapter, you will be able to:
• Define and describe project risk.
• Understand the risk management process.
• Discuss the risk identification process.
• Explain the risk analysis process.
• Describe the risk response process.
• Explain the role of risk monitoring and control.
CO_CRD
CN
CT
CO_LO
CO_TX
CO_BL
co-cn
co-cr
co-box
co-intro
co-photo
co
bar81677_05_c05_149-172.indd 149 9/9/14 10:49 AM
Introduction
Pretest
1. Brainstorming is a good initial approach for identifying risks to a project.
a. True
b. False
2. The risk management process is a three-step process.
a. True
b. False
3. When risks are identified later in the project process, the cost to address these issues
will increase.
a. True
b. False
4. A risk that has a high probability of occurring might have little impact on a project.
a. True
b. False
5. A project manager who has not created a documented risk response plan has not
considered risks fully enough.
a. True
b. False
6. An output of risk monitoring and control includes updating the risk database.
a. True
b. False
Answers can be found at the end of the chapter.
Introduction
Have you ever visited a public park facility and seen an observation tower with a sign reading
“Climb at your own risk?” That is a good example of risk, the chance that something could go
wrong. The park is not only warning you about the risks of climbing the tower, but also saying
that it is not liable should something happen during the climb. In other words, the park is not
willing to share in the risk—it is all yours. In project management there are similar risks that
something will go wrong. The best way to handle anticipated risks is to document and analyze
them beforehand and decide what to do about them should they occur.
Good managers look for risks throughout the project cycle, know what the risks are before they
occur, and work to communicate, prevent, and offset them in their daily decisions and routines.
For instance, if the project manager is aware that a supplier of a key product component might
not keep an adequate inventory of that component on hand and could potentially delay the
project when it is due, the manager may adjust the relevant supply contract to include a penalty
clause for late delivery or make other changes in the way the supplier’s inventory is handled.
The principle is that project managers should be able to identify what might happen, what
the probabilities are that a risk event might occur, what the impacts will be, and how to
prevent or mitigate risks. This principle assumes that failure can be attributed to key events
or circumstances.
H1
sec_n sec_t
bar81677_05_c05_149-172.indd 150 9/9/14 10:49 AM
Section 5.1 The Risk Problem
Risk management is the process of recognizing risks and dealing with them in a project. This
means that risks are identified, ana.
This document discusses the key components of establishing an effective monitoring and evaluation (M&E) system for international development programs, including: 1) conducting a causal analysis to identify the problem, its causes, and desired outcomes of the program; 2) developing a logical framework (logframe) that outlines the goals, objectives, indicators, and assumptions of the program; and 3) creating an indicator matrix that defines each indicator and outlines the data collection methods, responsibilities, analysis, and use of data. The document emphasizes starting M&E planning early and involving stakeholders to ensure the feasibility and ownership of the M&E system.
Risk analysis for project decision-making
Presented by Keith Gray
Monday 10th October 2016
APM North West branch and Risk SIG conference
Alderley Park, Macclesfield
This document summarizes a study that investigated how students perceive risk in software projects. Students participated in an experiment where they assessed risks related to two project scenarios. Their responses were analyzed to determine if their risk assessment followed a linear, convex, or concave utility function. The study found differences in perceived risk between students and also investigated whether risk perception differed based on their project role or the criticality of the project. The results provide insight into how individuals evaluate and make decisions regarding project risks.
RISK RESPONSE STRATEGIES AND PERFORMANCE OF PROJECTS IN KIRINYAGA .docxdaniely50
RISK RESPONSE STRATEGIES AND PERFORMANCE OF PROJECTS IN KIRINYAGA COUNTY, KENYA
JAMES KADEGHE WARUI
D53/OL/CTY/26217/15
A RESEARCH PROJECT SUBMITTED TO THE SCHOOL OF BUSINESS IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF DEGREE OF MASTER OF BUSINESS ADMINISTRATION (PROJECT MANAGEMENT) OF KENYATTA UNIVERSITY Comment by user: Proposal
MAY, 2019
DECLARATION
I declare that, this proposal is my own original work and has not been presented for award of any degree in any university. No part of this proposal should be reproduced without the authority of the author and/or Kenyatta University.
Signature Date .
James Kadeghe Warui,
D53/OL/CTY/26217/15.
This research proposal has been submitted for the course examination with my approval as the University supervisor.
Signature . Date.
Dr. Lucy Ngugi,
Department of Management Science,
Kenyatta University.
DEDICATION
This work is dedicated to my family for giving me a chance to pursue an education. I also wish to dedicate this proposal to my colleagues for the encouragement and support they gave me towards the completion of this work
ACKNOWLEDGEMENT
I am thankful to God for the good health and strength He installed upon me to pursue this project. I wish to most sincerely thank my entire family for their overwhelming support throughout this process, they have always been a source of inspiration from whom I get my strength. I also appreciate my friends and colleagues who shared this journey with me and encouraged me in this journey. Comment by user: Need to acknowledge supervisor
TABLE OF CONTENTS
DECLARATIONii
DEDICATIONiii
ACKNOWLEDGEMENTiv
LIST OF TABLESvii
LIST OF FIGURESviii
OPERATIONAL DEFINITION OF TERMSix
ABBREVIATIONS AND ACRONYMSx
ABSTRACTxi
CHAPTER ONE1 put chapter and its heading on same line
INTRODUCTION1
1.1Background of the Study1
1.1.1 Project Performance2
1.1.2 Risk Response Strategies3
1.1.3 Projects in Kirinyaga County5
1.2 Statement of the Problem5
1.3 Objectives of the Study6
1.3.1 General Objective of the Study6
1.3.1 Specific Objectives of the Study6
1.4 Research Questions7
1.5 Significance of the Study7
1.6 Scope of the Study8
1.7 Limitation of the Study8
1.8 Organization of the Study9
CHAPTER TWO10 put chapter and its heading on same line
LITERATURE REVIEW10
2.1 Introduction10
2.2 Theoretical Review10
2.2.1 Enterprise Risk Management Model10
2.2.2 Expectancy Theory11
2.2.3 Network Theory12
2.3 Empirical Literature Review12
2.3.1 Risk Avoidance and Project Performance13
2.3.2 Risk Acceptance and Project Performance14
2.3.3 Risk Monitoring and Project Performance15
2.3.4 Risk Mitigation and Project Performance16
2.3.5 Risk Transfer and Project Performance17
2.4 Summary of Literature Review and Research Gaps19
2.5 Conceptual Framework23
CHAPTER THREE24 put chapter and its heading on same line
RESEARCH METHODOLOGY24
3.1 Introduction24
3.2 Research Design24
3.3 Target Population24
3.4 Data Collection Instruments25
.
P
A
P
E
R
S
72 September 2009 ■ Project Management Journal ■ DOI: 10.1002/pmj
INTRODUCTION ■
A
ccording to the United Kingdom’s Royal Academy of Engineering, bil-
lions of pounds are wasted every year on new information technology
(IT) systems. Troubled public-sector IT projects such as the National
Health Service (NHS) National Programme for IT, the Child Support
Agency systems, and HM Revenue and Customs’ Tax Credits IT system have
attracted considerable negative press. They have overrun, cost millions of
pounds more than was budgeted, and, in some cases, have been cancelled
before their costs spiral even further out of control. Terms such as “nightmare”
and “disaster” tend to be attached to such projects. IT projects (the provision
of a service to implement systems and solutions, including a variety of hard-
ware and software products; (Howard, 2001) seem to be more problematic
than other types of projects, with a particularly high rate of failure (McGrew &
Bilotta, 2000; The Standish Group International, 2007; Whittaker, 1999).
Despite well-established best practice project management processes, project
managers appear to be ineffective in the light of such failure.
Organizations such as the Project Management Institute (PMI) and the
United Kingdom’s Association for Project Management (APM) promote best-
practice project management standards. As part of these standards, project risk
management is defined as the systematic process of identifying, analyzing, and
responding to risks. Risk is any project-related event, or managerial behavior,
that is not definitely known in advance but has the potential of adverse conse-
quences on a project objective (PMI, 2004). Project risk management claims to
enable project managers to effectively manage risk and minimize the adverse
influence of risk on the project outcome. However, we have found that IT proj-
ect managers often do not apply a process to manage risks. The reasons for this
vary. Nevertheless, the evidence behind this phenomenon is very scarce, often
descriptive, and inchoate. The purpose of this study was to investigate whether
best practice standards are applied, and if they are not, what reasons led the IT
project manager to decide not to actively approach and manage project risks.
The results show that IT project managers primarily face the problem of
cost justification. Facing costs and time constraints and the uncertainty of
the success of project risk management, they often decided not to actively
manage risks. However, with the benefit of hindsight, we see that such a
decision often turns out to be fatal. Not surprisingly, in projects where proj-
ect risk management is not used, a greater degree of risks materialize than in
those projects where the IT project manager does actively manage risks.
Project Risk Management
Risks may potentially endanger the ability of the project manager to meet
the predefined project objectives, such as scope, time, and cost; tasks may
The .
Running head IMPLEMENTATION STRATEGIESIMPLEMENTATION STRATEGIES.docxcowinhelen
Running head: IMPLEMENTATION STRATEGIES
IMPLEMENTATION STRATEGIES 4
Implementation Strategies
Michael Boddie
Application Implementation
CMGT/445
Michael Goyden
December 11, 2017
Introduction
Project communication is very critical to the success of any project. It is also critical to key project management soft-skill. As a project manager, project communication is one deliverable that they are personally responsible for and it was of the largest influence over the failure or project success. There are main elements of project communications examples are project sponsors, customers, project team members, project manager, and project management office.
Project communication plan
The major objectives of a communication plan are; to encourage the use of project management best practices, ensure a consistent, give accurate and timely information about the project, and to promote and gain support for the project management improvements.
Table 1 below shows the target audience
Project stakeholders
Message
Delivery method
Delivery Frequency
Communicator
Project Sponsor
Project plans and status report
Meeting
Report sent via mail to project sponsor
Weekly
Project manager
Project core team
Project plans
Meeting
Weekly
Project manager
Executive management
Project briefing
Oral briefing and presentation of slides
Monthly
Biweekly
Project manager
Programmers
Project briefing
Oral briefing
Daily
Project manager
Users
Project status
Meeting and presentation slides
Weekly
Project manager
Communication message contents
A project plan shoes a guide of project execution and project control. Then document also shows approved scope of the project, the cost, and schedule. Project plans shows the current and future plans. The documents also shows project problems and issues. Project plan also shows planned project deliverables for the next period. The status report, keeps the key project stakeholders informed. It is shows status summary, status budget, status scope, accomplishment, issues, and project team members. Project briefing shows project issues and problems, it also shows goals of project management improvement, and project checklist (Project Management Institute, 2017).
Documentation Required
There are eight essential documents required for this project. First is a project charter. This document formally recognizes the project creation and the formal contract between project sponsors, project stakeholders, and commercial agreement. Project charter documents gathers aspects related to the contracting and the contacted example is the project name, the goals of the project and the needs that the project it serves. Project charter also shows a brief description of the project, feasibility study, the project products i.e. training manuals, supporting, and monitoring post release of the project. A project charter also shows the intermediate products whic ...
RISK MANAGEMENT IN CONSTRUCTION PROJECTS AS PER INDIAN SCENARIOIAEME Publication
Construction industry is highly risk prone, with complex and dynamic project
environments creating an atmosphere of high uncertainty and risk. The industry is
vulnerable to various technical, sociopolitical and business risks. The track record
to cope with these risks has not been very good in construction industry. As a
result, the people working in the industry bear various failures, such as, failure of
abiding by quality and operational requirements, cost overruns and uncertain delays
in project completion. In light of this, it can be said that an effective systems of risk
assessment and management for construction industry remains a challenging task
for the industry practitioners. The aim of the this research is to identify and evaluate
current risks and uncertainties in the construction industry through extensive
literature survey and aims to make a basis for future studies for development of a
risk management framework to be adopted by prospective investors, developers and
contractors
GRST 500501Week 4 Worksheet Instructions Turn to Chapt.docxwhittemorelucilla
GRST 500/501
Week 4 Worksheet
Instructions: Turn to Chapter 7 of your Introduction to Graduate Writing Textbook. Do Practice Exercises 7.3 and 7.4. As you develop your research paper this semester, it is important that you pay attention to the structure of your paper. Every paragraph in your paper should have a purpose. That purpose should be easily detectable from the topic sentences in each paragraph. Moving from one paragraph to another—or from one big idea to another—often causes writers problems. To correct that problem, you need to be very aware of the sorts of transitions you use and choose them wisely.
This assignment is due by 11:59 p.m. (ET) on Sunday of Module/Week 4.
Assignment Goal: We want to help you analyze your sources critically so that you can build stronger research papers. Most successful writers are great readers and can take great notes. Your goal is to read and 9. annotate one of your sources for your upcoming research paper. The Research Paper is on: Many Ways To Invest
Practice 7.3: Find a scholarly article in your field from a different publication than you have looked at previously. Working paragraph by paragraph (and sentence by sentence if necessary), write an outline of the article. *If you are uncertain how to do an outline, please refer to the example given on page 2 of this document.
Practice 7.4: Look again at the article you just outlined. Mark all the transitions in the article, and then try to decide which sort of transition each is.
Finally, explain how, if at all, this source will fit into your upcoming research paper. How does this source influence your overall thesis statement? How might you use this source as part of your own argument as you transition from idea to idea in your own upcoming research paper?
Overview: For this worksheet, create a single document of two or three pages. Include a reference page and a title page using the style you will use for your research paper. Include a section for your article outline (Practice 7.3), a section for your analysis of the article’s transitions (Practice 7.4), and finally an explanation about how you will use this article in your upcoming research paper. Post your completed document on Bb.
The following information is taken from the website of John Jay College of Criminal Justice.
BASIC OUTLINE FORM
Below is a synopsis of the outline form. The main ideas take roman numerals. Sub-points under each main idea take capital letters and are indented. Sub-points under the capital letters, if any, take italic numbers and are further indented.
I. MAIN IDEA
A. Subsidiary idea or supporting idea to I
B. Subsidiary idea or supporting idea to I
1. Subsidiary idea to B
2. Subsidiary idea to B
a) Subsidiary idea to 2
b) Subsidiary idea to 2
II. MAIN IDEA
A. Subsidiary or supporting idea to II
B. Subs ...
Info for Matrix AssignmentMemo for Matrix Assignment.docxBo.docxjaggernaoma
Info for Matrix Assignment/Memo for Matrix Assignment.docx
BoecoreMemoTo:
Executive StaffFrom:
Toni Stewart, Program Managercc:
Chief Finance ManagerDate:October 8, 2016Re:
Project update
Introduction: Following the award of the contract to supply backpacks with built in refrigerated pouch and radio module, I would like to start the process of developing the product for timely delivery to our client. The contract entails producing and supplying backpacks given a budget of $1,500,000. The time duration is for the contract is one and half year from the award date. The expected deliveries have been split into three dates with the first and the largest expected to be made in September 1, 2016 and the last on last day of the contract. Given the milestones, we need to do a project review at the client’s site to strategize on how to start the project.
Customer: U.S. Army, Ground Forces and Special Operations.
Initial program action items: The product design needs be brainstormed. We can interact with the client to agree on the desirable design of the project based on the project definitions specified above. More specifically we need to brainstorm on the preconditions of functional and operational requirements and design limitations. I would like to assess the current and future transport issues which we need to sort. We need to identify different alternatives before choosing the most viable alternative to use to transport the finished products to the client. We also need to assess the environmental issues relating to the production and transportation of the product. If need be we should get a permit and address any regulations relating to environmental issues. This is aimed at mitigating the risks of the product development. Finally, we need to start placing orders to suppliers to facilitate the development process.
Project Risks / Risk Mitigation strategies: The first risk is delayed accomplishment of the set milestones. This may be escalated by the number of employees of the contractor and the work involved in each product. The problem may be solved through increasing the number of employees even if it’s casual workers until the project is completed. The second risk is the financial risk whereby the increase in cost of labor may be out of the set budget. This may be mitigated through recruiting cheap labor for manual jobs. The third risk is the probability of failure to achieve the expected results by the senior management because of financial and time constraints. It can be mitigated through constant internal project monitoring and review. The fourth risk is environmental pollution which may be hazardous. It can be mitigated through proper planning for the disposal and elimination of hazardous waste and other by products from the production process. The fifth risk is the probability of delayed payments which may delay funds for other investment opportunities. This can be mitigated through financial derivatives like options and futures co.
16Risk Management Methods of Risk IdentificEttaBenton28
1
6
Risk Management
Methods of Risk Identification
One of the most critical and necessary elements in the risk assessment process is identifying risk. If any phase in the risk management process fails to identify a specific threat, all other steps will be skipped for that risk. Project risks can be identified by using the following methods.
Brainstorming involves bringing a group of people together to reflect and explore a subject and generate solutions (Shi et al., 2022).Brainstorming allows team members involved in the organization's daily running to identify potential threats at various sections of the organization. For instance, in the office relocation project, all project team was involved through meetings to help identify and classify risks into financial and technical risks.
Stakeholder’s interviews and analysis: Stakeholders are interested in the project; thus, interviewing them allows the project team to grasp better what they perceive as the main risks. They see danger from an investor's standpoint rather than an employee or the project manager. This point of view might assist you in determining what affects your shareholders and how to manage them (Shi et al., 2022). Engagement with the project shareholders such as customers, employees, and suppliers helped identify and group risks based on their potential impact on the project.
Root cause analysis: A root cause analysis entails looking into prior project hazards and how they connect and the current project. Financial difficulties, old equipment, or low-quality materials can contribute to. Finding the core cause can help the team identify and avoid typical project or business difficulties, resulting in increased project efficiency. This process involved reviewing similar projects that have been done before. The information gathered was vital in understanding the potential perils.
Requirement review: A requirements review examines a project's financial workforce, material, requirements, allowing the team to study requirements more frequently and immediately identify potential problems. For instance, if the project's financial needs are very high and the firm's economic powers are low, this may result in financial risk. Therefore the firm can plan on how to get additional funding. The project's budget requirements review was an important way of identifying the risk throughout the project development.
Methods Used For Monitoring Risks
Risk monitoring is the practice of tracking and evaluating the severity and the level of risks in an organization. This process is critical; as such, it should be done skillfully to assess the potential impacts of the identified risks (Romanak & Dixon, 2021). The following methods are essential in this process.
Trend and variance analysis: Trend and variance analysis involve paying closer attention to the movement in the budget and actual costs or changes in the market environment. If the investigation shows an increasing trend in the pro ...
The document provides information on project risk management processes and concepts. It discusses the seven processes of project risk management according to PMBOK, including plan risk management, identify risks, perform qualitative risk analysis, perform quantitative risk analysis, plan risk responses, implement risk responses, and monitor risks. It also covers key concepts such as different types of risks, risk thresholds, and considering stakeholder risk tolerance levels. Additionally, it provides an overview of uncertainty as a performance domain and describes what a tornado diagram is and how it can be used to determine the impact of various risks.
Project Plan
Project Management
Sherrell Holifield
American Intercontinental University
Author Note
This paper was prepared for MGMT-412-1401B-01 taught by Donald Buresh
Project Plan Overview
Describe how the project will be measured for success.
Schedule- Deadlines are sometimes hard to meet according to the client. Most just want it done. Knowing the factors of the schedule and finishing the product within the estimated time frame is a plan for success.
Scope- Knowing what needs to be done and keeping that schedule in mind will be beneficial. The scope is the most important part of the project.
Budget- Sticking to the budget that was quoted prior to start of the project will prove successful for client and the business. (Pozin, 2012)
Making sure that those involved have an understanding of what the project should look like, it a plan for success. There are quite a few elements that can cause issues within any project. They include the budget, poor dynamics of the team and bureaucracy.
2
Project Risks
Possible Risk
Cost
Schedule
Financial
Contractual
Weather
Environmental
Client(s) (PM4ID, 2014)
Being able to identify the risk is a disciplined and creative process. Having brainstorming sessions that includes the team and their ideas is always helpful. The first task to is to identify the possible risk that could occur.
3
Project Risk
Probability of Risk
There is a high and low potential of risk occurring.
High impact- may require mitigation and can help narrow the focus on the critical risk.
Evaluating risk mean to focusing on those that will have the greatest possibility of occurring.
Low impact- Are those that may go unnoticed and will least likely affect the project. (PM4ID, 2014)
Not all risk are the same. Some projects are more than likely to have issues compared to others. The cost associated with these risk can vary.
4
Project Risk
Mitigation
Risk are mitigated in several ways.
Sharing
Avoidance
Reduction
Transfer
(PM4ID, 2014)
Once the risk are identified in any project a mitigation plan is required. This plan helps to reduce the results of an unplanned occurrence.
5
Project Risk
Sharing- Partnering with others that will share in the risk of activities. When the others have experience that the team on the project does not have they have an advantage.
Avoidance- This form of mitigation creates an alternate strategy which includes higher cost with the new plan.
Reduction- this decrease risk on the project with an investment of funds. (PM4ID, 2014)
Transfer-This mitigation tactic transfers the risk of the project to another group. (PM4ID, 2014)
Mitigation tactics vary. Each comes with ways to share the weight of the project and decrease the risk that will heavily impact the project. Sharing those risk with others that are more experienced can help to eliminate those risk or decrease them.
6
Project Risk
Contingency Plan
The contingency plan involves an alternate plan.
Funds are put in reserve under t.
Running head PROJECT MANAGEMENT.1PROJECT MANAGEMENT.2.docxtoltonkendal
Running head: PROJECT MANAGEMENT. 1
PROJECT MANAGEMENT. 2
Project management process is a crucial tool in the development of any organization. This is because the projects that the organization deploys determine the business clientele. Critical analysis of the project management process is paramount to the successful execution of these elements within an organization. In the case of introducing the California Coast Credit Union into the San Diego State University, there are five crucial processes that should be adhered to in order to ensure the project’s success.
Initiation
During the initiation process, the eligibility of any relevant projects available is checked so as to validate the feasibility of the project plan. Once the project plans have been presented and the feasibility checked, the selection process is then initiated based on the requirements that each individual project would require. The project manager and the project management team then sign off on the requirements of the specific project selected.
In this case, the DBSI team was selected for the implementation of data signage procedures that are to be introduced within the student’s hub of the San Diego State University. It is during this stage that the appropriate team members of the project are identified as well as the project leaders. Selection of the project leaders is crucial to the next stage of the project management process which is the planning process. Furthermore, the ideal environment for the execution of the project is also identified so as to propagate an approximate orientation as to the next stage of the project plan (Making Waves with Digital Signage, 2014).
Planning
The next stage of the project management process is the planning process. The planning process is crucial in the intricate addressing of the project requirements so as to effectively kick start the project. Once all the project requirements are identified, the project planning can then be able to cultivate procedural steps in the implementation of the project. The project requirements are aligned with the project objectives or the elements that the project hopes to achieve. The specific objectives of the California Coast Credit Union by introducing data signage in the San Diego State University is to create an interactive forum where the students would be able to relate to the credit union, create a specific brand that would advocate for reliability and accessibility, and finally create and more engaging foot traffic among the thirty thousand students operating the campus (5 Basic Phases of Project Management, 2016).
The planning process also involves the scope of the project in terms of its relativity to the actual services that the project hopes to provide. The scope would entail prospects such as open air digital designs, using the ideal equipment so as to utilize the available technology and presentation of the right content in an entertaining forum. Moreover, the planning process als ...
MBA 6941, Managing Project Teams 1 Course Learning Ou.docxaryan532920
This document provides an overview of project risk management for a course on managing project teams. It defines project risk and describes how risks can positively or negatively impact project objectives. It then outlines the key processes in project risk management: plan risk management, identify risks, perform qualitative and quantitative risk analysis, plan risk responses, and control risks. The document explains these processes and their associated outputs. Finally, it discusses risk factors, risk attitudes, risk tolerance, and provides a suggested reading on how project risk management is helping organizations succeed.
Risk identification should be based on agreed-upon definitions, clearly describe risks, and link risks to project objectives. Avoidance is the most appropriate response when there is no reasonable response to a highly probable threat with high impact. Updating various project documents is the best next step after completing quantitative risk analysis.
How to write an development project evaluation report. Format and principle guidelines for mid-term and for completed projects. This format can be used for any kind of development project.
This document discusses project risk management. It defines project risk as an uncertain event that may positively or negatively impact project objectives. There are various types of risks including external risks outside a manager's control, cost risks, schedule risks, technology risks, and operational risks. The document outlines qualitative and quantitative approaches to risk analysis and describes methods for risk identification, response planning including risk avoidance, transfer, mitigation and acceptance, monitoring and control. Regular risk management is important to identify uncertainties and minimize their impacts to help projects meet their objectives on time and on budget.
Risk Driven Approach to Test Device Softwareijtsrd
Software testing is one of the most crucial testings in the software development process. Software testing should be scheduled and managed very effectively. The risk is the situation that has not occurred yet and may not occur in the future as well. After looking at this definition, risks can refer to the probability of the failure for a particular project. Risk based testing is the type of testing that is based on the priority and importance of the software that has to be tested. In this research work, the new technique to test the device software has been proposed using the JAVA language. The new system is able to test the software based on various risks and provide alternatives based on that the risk can be reduced in the future. It also calculates the updated cost and duration required to complete the software when a risk has occurred. The proposed application is able to provide efficient and accurate results in terms of entered risks on the device software. In the future, the software can be used to test the device software for more number of risks to make it more suitable as per the user's requirements. Ashwani Kumar | Prince Sood "Risk Driven Approach to Test Device Software" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd25230.pdfPaper URL: https://www.ijtsrd.com/computer-science/other/25230/risk-driven-approach-to-test-device-software/ashwani-kumar
A guide to deal with uncertainties in software project managementijcsit
Various project management approaches do not consider the impact that uncertainties have on the project.
The identified threats by uncertainty in a projec day-to-day are real and immediate and the expectations in
a project are often high. The project manager faces a dilemma: decisions must be made in the present
about future situations which are inherently uncertain. The use of uncertainty management in project can
be a determining factor for the project success. This paper presents a systematic review about uncertainties
management in software projects and a guide is proposed based on the review. It aims to present the best
practices to manage uncertainties in software projects in a structured way including techniques and
strategies to uncertainties containment.
Running head PROJECT IMPLEMENTATION PHASE II & III .docxtodd581
Running head: PROJECT IMPLEMENTATION PHASE II & III 1
PROJECT IMPLEMENTATION PHASE II & III 3
Project Implementation Phase II & III
Michael J. Wallace
Grand Canyon University MGT-655
3 October 2018
Methodologies and Strategies, I will implement to meet the Goals
The methodologies and strategies used to implement a project in a hospital depend on the objectives and the risk one wants to take. The formulation of a strategy for the implementation of the project can be seen from two perspectives: Degree of propensity or aversion to change and Specific goal (Chapman, 2011). The Degree of propensity or aversion to change Typically follows three paths to which are: Implementation of an elementary version, Implementation in a single effort and Implementation with deployment. The Implementation of an elementary version Sometimes is said that it starts with the "out of the box" which means that the system is accepted as it is ("as is") to then add, gradually, additional functions once the basic functions work and do it satisfactorily. On the other hand, Implementation in a single effort strategy is the most ambitious strategy which makes it is possible to propose different approaches, ranging from the implementation of isolated modules, which will gradually be linked to the legacy systems of the project until the implementation of the complete system. Finally, the Implementation with deployment or roll out is variant to both (Bakeev, 2010).
Business Functions that will be impacted by My Action Plan
The main responsibility of a project team is developing a plan and supervising the execution of the project, which will maintain relationships with external programmers (consultants), administrators and cooperative members. It will also impact business plans such as the human resource because the action plan must Determine all the tasks necessary to achieve each objective where fundamental human resources, capital and budget needs, express analysis of risks, training plans, pilot plan, and execution plan are put into consideration, and they involve human recourse. The action plan has to Define the duration and resources required for each task, and it also has to Determine and calculate the costs that will be used in the project thus affecting the accounting and bookkeeping function of a business. Consultation strategy is very crucial to implement the strategy across business functions. Involving all the stakeholders in every stage of implementation will also ensure that the action plan is fully implemented and every stakeholder will feel being part of the plan (Sheikh et al., 2011).
Project Implementation Timeline
Item
Deliverable
Description
Responsibility or acceptance criteria
Suggested timeframe
Estimated delivery date
Status
1
Contact made to the cite of implementation
Notification that there is a pr.
The purpose of this article is to conceptualize and identify troubled projects and allow their evaluation and possible recovery, minimizing the impact of the negative effects in the event of a total failure. The word recovery, as used here, has a meaning that is different than usual. It does not mean leading the project to the intended success from the planning phase but to minimize total failure.
1. The research will develop a conceptual framework for constraint management in construction projects. Effective identification and treatment of constraints is important for on-schedule and on-budget project completion but current methods are limited.
2. A literature review found studies focused on specific constraint types but not a comprehensive classification approach. The research will review constraint sources and characteristics, develop a classification method, and outline a framework to manage constraints throughout project planning and execution.
3. The objectives are to understand constraint sources and characteristics, develop a classification method, review current modeling methods, and outline a conceptual framework for total constraint management across project phases.
1. The research will develop a conceptual framework for constraint management in construction projects. Effective identification and treatment of constraints is important for on-schedule and on-budget project completion but current methods are limited.
2. A literature review found studies focused on specific constraint types but not a comprehensive classification approach. The research will review constraint sources and characteristics, develop a classification method, and outline a framework to manage constraints throughout project planning and execution.
3. The objectives are to understand constraint sources and characteristics, develop a classification method, review current modeling methods, and outline a conceptual framework for total constraint management across the project lifecycle.
1. The research will develop a conceptual framework for constraint management in construction projects. Effective identification and treatment of constraints is important for on-schedule and on-budget project completion but current methods are limited.
2. A literature review found studies focused on specific constraint types but not a comprehensive classification approach. The research will review constraint sources and characteristics, develop a classification method, and outline a framework to manage constraints throughout project planning and execution.
3. The objectives are to understand constraint sources and characteristics, develop a classification method, review current modeling methods, and outline a conceptual framework for total constraint management across project phases.
Liberty university busi 313 quiz 3 complete solutions correct answers slideshareSong Love
This document provides the questions and answers to Liberty University's BUSI 313 Quiz 3. It covers key concepts in project risk management and project scheduling including: defining risks, the risk management process, risk assessment tools, risk responses, resource constraints, time constraints, resource leveling, and time-phasing project budgets. Some multiple choice questions assess understanding of these concepts, such as defining different types of constraints, steps in the risk process, and responses to address identified risks.
Minimization of Risks in Construction projectsIRJET Journal
This document discusses risk management in construction projects. It begins by defining risk and explaining the importance of risk management in development projects. It then reviews the results of a survey on risks affecting construction projects in India. The top three risks identified were financial issues, site accidents, and inadequate planning. The study found that contractors are typically responsible for risks occurring during project execution, like issues with subcontractors or quality, while clients are responsible for risks like financial issues or changes to specifications. The best preventative risk management strategies identified were thorough planning using past project data and experience. The best corrective strategies once risks occur were close monitoring and coordination of activities. The document concludes that thorough planning and strong coordination during implementation are key to better managing projects
You have collected the following documents (unstructured) and pl.docxbriancrawford30935
You have collected the following documents (unstructured) and plan to apply an index technique to convert them into an inverted index.
Doc 1?Information retrieval is the activity of obtaining information resources relevant to an information need from a collection of information resources. Searches can be based on full-text or other content-based indexing.
Doc 2?Information retrieval is finding material of an unstructured nature that satisfies an information need from within large collections.
Doc 3?Information systems is the study of complementary networks of hardware and software that people and organizations use to collect, filter, process, create, and distribute data.
In the process of creating the inverted index, please complete the following steps:
Remove all stop words and punctuation, and then apply Porter’s stemming algorithm to the documents. Thelist of stop words for this task is provided as follows:
Is, The, Of, To, An, A, From, Can, Be, On, Or, That, Within, And, Use
Create a merged inverted list including the within-document frequencies for each term.
Use the index created in part (b) to create a dictionary and the related posting file.
You may like to test the inverted index by using the following keywords:information, system, index
.
You have been working as a technology associate the information .docxbriancrawford30935
You have been working as a technology associate the information systems department at Corporation Techs for a while now. You have discovered so far that all of Corporation Techs’ computer systems share the same Class C public IP address range, including workstations along with servers providing authentication, e-mail, and both secure and public Web sites.
Your next task in this project is to construct a basic network design. An important requirement for the network design is to reduce the number of public addresses needed as the subnet lease results in very high ISP costs.
Tasks
Construct a basic network design, separating private and public services within the Corporation Techs’ network. To do so, you must:
Access the PCAP files using NetWitness Investigator, and browse the Nmap scan (XML format), topology fisheye chart (PDF format), and Nessus report (HTML format).
Identify vulnerabilities and clear-text information transfer.
Conduct research and determine the best network design to ensure security of internal access while retaining public Web site availability.
Identify any opportunities for reduced ISP costs through port redirection or address translation.
Design a network configuration, identifying network gateways, port or address redirection systems, and the location of hosts within private and protected network segments.
Create a professional report detailing the information above as supportive documentation for the network security plan.
Create a report that includes a basic network diagram and research results.
.
RISK MANAGEMENT IN CONSTRUCTION PROJECTS AS PER INDIAN SCENARIOIAEME Publication
Construction industry is highly risk prone, with complex and dynamic project
environments creating an atmosphere of high uncertainty and risk. The industry is
vulnerable to various technical, sociopolitical and business risks. The track record
to cope with these risks has not been very good in construction industry. As a
result, the people working in the industry bear various failures, such as, failure of
abiding by quality and operational requirements, cost overruns and uncertain delays
in project completion. In light of this, it can be said that an effective systems of risk
assessment and management for construction industry remains a challenging task
for the industry practitioners. The aim of the this research is to identify and evaluate
current risks and uncertainties in the construction industry through extensive
literature survey and aims to make a basis for future studies for development of a
risk management framework to be adopted by prospective investors, developers and
contractors
GRST 500501Week 4 Worksheet Instructions Turn to Chapt.docxwhittemorelucilla
GRST 500/501
Week 4 Worksheet
Instructions: Turn to Chapter 7 of your Introduction to Graduate Writing Textbook. Do Practice Exercises 7.3 and 7.4. As you develop your research paper this semester, it is important that you pay attention to the structure of your paper. Every paragraph in your paper should have a purpose. That purpose should be easily detectable from the topic sentences in each paragraph. Moving from one paragraph to another—or from one big idea to another—often causes writers problems. To correct that problem, you need to be very aware of the sorts of transitions you use and choose them wisely.
This assignment is due by 11:59 p.m. (ET) on Sunday of Module/Week 4.
Assignment Goal: We want to help you analyze your sources critically so that you can build stronger research papers. Most successful writers are great readers and can take great notes. Your goal is to read and 9. annotate one of your sources for your upcoming research paper. The Research Paper is on: Many Ways To Invest
Practice 7.3: Find a scholarly article in your field from a different publication than you have looked at previously. Working paragraph by paragraph (and sentence by sentence if necessary), write an outline of the article. *If you are uncertain how to do an outline, please refer to the example given on page 2 of this document.
Practice 7.4: Look again at the article you just outlined. Mark all the transitions in the article, and then try to decide which sort of transition each is.
Finally, explain how, if at all, this source will fit into your upcoming research paper. How does this source influence your overall thesis statement? How might you use this source as part of your own argument as you transition from idea to idea in your own upcoming research paper?
Overview: For this worksheet, create a single document of two or three pages. Include a reference page and a title page using the style you will use for your research paper. Include a section for your article outline (Practice 7.3), a section for your analysis of the article’s transitions (Practice 7.4), and finally an explanation about how you will use this article in your upcoming research paper. Post your completed document on Bb.
The following information is taken from the website of John Jay College of Criminal Justice.
BASIC OUTLINE FORM
Below is a synopsis of the outline form. The main ideas take roman numerals. Sub-points under each main idea take capital letters and are indented. Sub-points under the capital letters, if any, take italic numbers and are further indented.
I. MAIN IDEA
A. Subsidiary idea or supporting idea to I
B. Subsidiary idea or supporting idea to I
1. Subsidiary idea to B
2. Subsidiary idea to B
a) Subsidiary idea to 2
b) Subsidiary idea to 2
II. MAIN IDEA
A. Subsidiary or supporting idea to II
B. Subs ...
Info for Matrix AssignmentMemo for Matrix Assignment.docxBo.docxjaggernaoma
Info for Matrix Assignment/Memo for Matrix Assignment.docx
BoecoreMemoTo:
Executive StaffFrom:
Toni Stewart, Program Managercc:
Chief Finance ManagerDate:October 8, 2016Re:
Project update
Introduction: Following the award of the contract to supply backpacks with built in refrigerated pouch and radio module, I would like to start the process of developing the product for timely delivery to our client. The contract entails producing and supplying backpacks given a budget of $1,500,000. The time duration is for the contract is one and half year from the award date. The expected deliveries have been split into three dates with the first and the largest expected to be made in September 1, 2016 and the last on last day of the contract. Given the milestones, we need to do a project review at the client’s site to strategize on how to start the project.
Customer: U.S. Army, Ground Forces and Special Operations.
Initial program action items: The product design needs be brainstormed. We can interact with the client to agree on the desirable design of the project based on the project definitions specified above. More specifically we need to brainstorm on the preconditions of functional and operational requirements and design limitations. I would like to assess the current and future transport issues which we need to sort. We need to identify different alternatives before choosing the most viable alternative to use to transport the finished products to the client. We also need to assess the environmental issues relating to the production and transportation of the product. If need be we should get a permit and address any regulations relating to environmental issues. This is aimed at mitigating the risks of the product development. Finally, we need to start placing orders to suppliers to facilitate the development process.
Project Risks / Risk Mitigation strategies: The first risk is delayed accomplishment of the set milestones. This may be escalated by the number of employees of the contractor and the work involved in each product. The problem may be solved through increasing the number of employees even if it’s casual workers until the project is completed. The second risk is the financial risk whereby the increase in cost of labor may be out of the set budget. This may be mitigated through recruiting cheap labor for manual jobs. The third risk is the probability of failure to achieve the expected results by the senior management because of financial and time constraints. It can be mitigated through constant internal project monitoring and review. The fourth risk is environmental pollution which may be hazardous. It can be mitigated through proper planning for the disposal and elimination of hazardous waste and other by products from the production process. The fifth risk is the probability of delayed payments which may delay funds for other investment opportunities. This can be mitigated through financial derivatives like options and futures co.
16Risk Management Methods of Risk IdentificEttaBenton28
1
6
Risk Management
Methods of Risk Identification
One of the most critical and necessary elements in the risk assessment process is identifying risk. If any phase in the risk management process fails to identify a specific threat, all other steps will be skipped for that risk. Project risks can be identified by using the following methods.
Brainstorming involves bringing a group of people together to reflect and explore a subject and generate solutions (Shi et al., 2022).Brainstorming allows team members involved in the organization's daily running to identify potential threats at various sections of the organization. For instance, in the office relocation project, all project team was involved through meetings to help identify and classify risks into financial and technical risks.
Stakeholder’s interviews and analysis: Stakeholders are interested in the project; thus, interviewing them allows the project team to grasp better what they perceive as the main risks. They see danger from an investor's standpoint rather than an employee or the project manager. This point of view might assist you in determining what affects your shareholders and how to manage them (Shi et al., 2022). Engagement with the project shareholders such as customers, employees, and suppliers helped identify and group risks based on their potential impact on the project.
Root cause analysis: A root cause analysis entails looking into prior project hazards and how they connect and the current project. Financial difficulties, old equipment, or low-quality materials can contribute to. Finding the core cause can help the team identify and avoid typical project or business difficulties, resulting in increased project efficiency. This process involved reviewing similar projects that have been done before. The information gathered was vital in understanding the potential perils.
Requirement review: A requirements review examines a project's financial workforce, material, requirements, allowing the team to study requirements more frequently and immediately identify potential problems. For instance, if the project's financial needs are very high and the firm's economic powers are low, this may result in financial risk. Therefore the firm can plan on how to get additional funding. The project's budget requirements review was an important way of identifying the risk throughout the project development.
Methods Used For Monitoring Risks
Risk monitoring is the practice of tracking and evaluating the severity and the level of risks in an organization. This process is critical; as such, it should be done skillfully to assess the potential impacts of the identified risks (Romanak & Dixon, 2021). The following methods are essential in this process.
Trend and variance analysis: Trend and variance analysis involve paying closer attention to the movement in the budget and actual costs or changes in the market environment. If the investigation shows an increasing trend in the pro ...
The document provides information on project risk management processes and concepts. It discusses the seven processes of project risk management according to PMBOK, including plan risk management, identify risks, perform qualitative risk analysis, perform quantitative risk analysis, plan risk responses, implement risk responses, and monitor risks. It also covers key concepts such as different types of risks, risk thresholds, and considering stakeholder risk tolerance levels. Additionally, it provides an overview of uncertainty as a performance domain and describes what a tornado diagram is and how it can be used to determine the impact of various risks.
Project Plan
Project Management
Sherrell Holifield
American Intercontinental University
Author Note
This paper was prepared for MGMT-412-1401B-01 taught by Donald Buresh
Project Plan Overview
Describe how the project will be measured for success.
Schedule- Deadlines are sometimes hard to meet according to the client. Most just want it done. Knowing the factors of the schedule and finishing the product within the estimated time frame is a plan for success.
Scope- Knowing what needs to be done and keeping that schedule in mind will be beneficial. The scope is the most important part of the project.
Budget- Sticking to the budget that was quoted prior to start of the project will prove successful for client and the business. (Pozin, 2012)
Making sure that those involved have an understanding of what the project should look like, it a plan for success. There are quite a few elements that can cause issues within any project. They include the budget, poor dynamics of the team and bureaucracy.
2
Project Risks
Possible Risk
Cost
Schedule
Financial
Contractual
Weather
Environmental
Client(s) (PM4ID, 2014)
Being able to identify the risk is a disciplined and creative process. Having brainstorming sessions that includes the team and their ideas is always helpful. The first task to is to identify the possible risk that could occur.
3
Project Risk
Probability of Risk
There is a high and low potential of risk occurring.
High impact- may require mitigation and can help narrow the focus on the critical risk.
Evaluating risk mean to focusing on those that will have the greatest possibility of occurring.
Low impact- Are those that may go unnoticed and will least likely affect the project. (PM4ID, 2014)
Not all risk are the same. Some projects are more than likely to have issues compared to others. The cost associated with these risk can vary.
4
Project Risk
Mitigation
Risk are mitigated in several ways.
Sharing
Avoidance
Reduction
Transfer
(PM4ID, 2014)
Once the risk are identified in any project a mitigation plan is required. This plan helps to reduce the results of an unplanned occurrence.
5
Project Risk
Sharing- Partnering with others that will share in the risk of activities. When the others have experience that the team on the project does not have they have an advantage.
Avoidance- This form of mitigation creates an alternate strategy which includes higher cost with the new plan.
Reduction- this decrease risk on the project with an investment of funds. (PM4ID, 2014)
Transfer-This mitigation tactic transfers the risk of the project to another group. (PM4ID, 2014)
Mitigation tactics vary. Each comes with ways to share the weight of the project and decrease the risk that will heavily impact the project. Sharing those risk with others that are more experienced can help to eliminate those risk or decrease them.
6
Project Risk
Contingency Plan
The contingency plan involves an alternate plan.
Funds are put in reserve under t.
Running head PROJECT MANAGEMENT.1PROJECT MANAGEMENT.2.docxtoltonkendal
Running head: PROJECT MANAGEMENT. 1
PROJECT MANAGEMENT. 2
Project management process is a crucial tool in the development of any organization. This is because the projects that the organization deploys determine the business clientele. Critical analysis of the project management process is paramount to the successful execution of these elements within an organization. In the case of introducing the California Coast Credit Union into the San Diego State University, there are five crucial processes that should be adhered to in order to ensure the project’s success.
Initiation
During the initiation process, the eligibility of any relevant projects available is checked so as to validate the feasibility of the project plan. Once the project plans have been presented and the feasibility checked, the selection process is then initiated based on the requirements that each individual project would require. The project manager and the project management team then sign off on the requirements of the specific project selected.
In this case, the DBSI team was selected for the implementation of data signage procedures that are to be introduced within the student’s hub of the San Diego State University. It is during this stage that the appropriate team members of the project are identified as well as the project leaders. Selection of the project leaders is crucial to the next stage of the project management process which is the planning process. Furthermore, the ideal environment for the execution of the project is also identified so as to propagate an approximate orientation as to the next stage of the project plan (Making Waves with Digital Signage, 2014).
Planning
The next stage of the project management process is the planning process. The planning process is crucial in the intricate addressing of the project requirements so as to effectively kick start the project. Once all the project requirements are identified, the project planning can then be able to cultivate procedural steps in the implementation of the project. The project requirements are aligned with the project objectives or the elements that the project hopes to achieve. The specific objectives of the California Coast Credit Union by introducing data signage in the San Diego State University is to create an interactive forum where the students would be able to relate to the credit union, create a specific brand that would advocate for reliability and accessibility, and finally create and more engaging foot traffic among the thirty thousand students operating the campus (5 Basic Phases of Project Management, 2016).
The planning process also involves the scope of the project in terms of its relativity to the actual services that the project hopes to provide. The scope would entail prospects such as open air digital designs, using the ideal equipment so as to utilize the available technology and presentation of the right content in an entertaining forum. Moreover, the planning process als ...
MBA 6941, Managing Project Teams 1 Course Learning Ou.docxaryan532920
This document provides an overview of project risk management for a course on managing project teams. It defines project risk and describes how risks can positively or negatively impact project objectives. It then outlines the key processes in project risk management: plan risk management, identify risks, perform qualitative and quantitative risk analysis, plan risk responses, and control risks. The document explains these processes and their associated outputs. Finally, it discusses risk factors, risk attitudes, risk tolerance, and provides a suggested reading on how project risk management is helping organizations succeed.
Risk identification should be based on agreed-upon definitions, clearly describe risks, and link risks to project objectives. Avoidance is the most appropriate response when there is no reasonable response to a highly probable threat with high impact. Updating various project documents is the best next step after completing quantitative risk analysis.
How to write an development project evaluation report. Format and principle guidelines for mid-term and for completed projects. This format can be used for any kind of development project.
This document discusses project risk management. It defines project risk as an uncertain event that may positively or negatively impact project objectives. There are various types of risks including external risks outside a manager's control, cost risks, schedule risks, technology risks, and operational risks. The document outlines qualitative and quantitative approaches to risk analysis and describes methods for risk identification, response planning including risk avoidance, transfer, mitigation and acceptance, monitoring and control. Regular risk management is important to identify uncertainties and minimize their impacts to help projects meet their objectives on time and on budget.
Risk Driven Approach to Test Device Softwareijtsrd
Software testing is one of the most crucial testings in the software development process. Software testing should be scheduled and managed very effectively. The risk is the situation that has not occurred yet and may not occur in the future as well. After looking at this definition, risks can refer to the probability of the failure for a particular project. Risk based testing is the type of testing that is based on the priority and importance of the software that has to be tested. In this research work, the new technique to test the device software has been proposed using the JAVA language. The new system is able to test the software based on various risks and provide alternatives based on that the risk can be reduced in the future. It also calculates the updated cost and duration required to complete the software when a risk has occurred. The proposed application is able to provide efficient and accurate results in terms of entered risks on the device software. In the future, the software can be used to test the device software for more number of risks to make it more suitable as per the user's requirements. Ashwani Kumar | Prince Sood "Risk Driven Approach to Test Device Software" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd25230.pdfPaper URL: https://www.ijtsrd.com/computer-science/other/25230/risk-driven-approach-to-test-device-software/ashwani-kumar
A guide to deal with uncertainties in software project managementijcsit
Various project management approaches do not consider the impact that uncertainties have on the project.
The identified threats by uncertainty in a projec day-to-day are real and immediate and the expectations in
a project are often high. The project manager faces a dilemma: decisions must be made in the present
about future situations which are inherently uncertain. The use of uncertainty management in project can
be a determining factor for the project success. This paper presents a systematic review about uncertainties
management in software projects and a guide is proposed based on the review. It aims to present the best
practices to manage uncertainties in software projects in a structured way including techniques and
strategies to uncertainties containment.
Running head PROJECT IMPLEMENTATION PHASE II & III .docxtodd581
Running head: PROJECT IMPLEMENTATION PHASE II & III 1
PROJECT IMPLEMENTATION PHASE II & III 3
Project Implementation Phase II & III
Michael J. Wallace
Grand Canyon University MGT-655
3 October 2018
Methodologies and Strategies, I will implement to meet the Goals
The methodologies and strategies used to implement a project in a hospital depend on the objectives and the risk one wants to take. The formulation of a strategy for the implementation of the project can be seen from two perspectives: Degree of propensity or aversion to change and Specific goal (Chapman, 2011). The Degree of propensity or aversion to change Typically follows three paths to which are: Implementation of an elementary version, Implementation in a single effort and Implementation with deployment. The Implementation of an elementary version Sometimes is said that it starts with the "out of the box" which means that the system is accepted as it is ("as is") to then add, gradually, additional functions once the basic functions work and do it satisfactorily. On the other hand, Implementation in a single effort strategy is the most ambitious strategy which makes it is possible to propose different approaches, ranging from the implementation of isolated modules, which will gradually be linked to the legacy systems of the project until the implementation of the complete system. Finally, the Implementation with deployment or roll out is variant to both (Bakeev, 2010).
Business Functions that will be impacted by My Action Plan
The main responsibility of a project team is developing a plan and supervising the execution of the project, which will maintain relationships with external programmers (consultants), administrators and cooperative members. It will also impact business plans such as the human resource because the action plan must Determine all the tasks necessary to achieve each objective where fundamental human resources, capital and budget needs, express analysis of risks, training plans, pilot plan, and execution plan are put into consideration, and they involve human recourse. The action plan has to Define the duration and resources required for each task, and it also has to Determine and calculate the costs that will be used in the project thus affecting the accounting and bookkeeping function of a business. Consultation strategy is very crucial to implement the strategy across business functions. Involving all the stakeholders in every stage of implementation will also ensure that the action plan is fully implemented and every stakeholder will feel being part of the plan (Sheikh et al., 2011).
Project Implementation Timeline
Item
Deliverable
Description
Responsibility or acceptance criteria
Suggested timeframe
Estimated delivery date
Status
1
Contact made to the cite of implementation
Notification that there is a pr.
The purpose of this article is to conceptualize and identify troubled projects and allow their evaluation and possible recovery, minimizing the impact of the negative effects in the event of a total failure. The word recovery, as used here, has a meaning that is different than usual. It does not mean leading the project to the intended success from the planning phase but to minimize total failure.
1. The research will develop a conceptual framework for constraint management in construction projects. Effective identification and treatment of constraints is important for on-schedule and on-budget project completion but current methods are limited.
2. A literature review found studies focused on specific constraint types but not a comprehensive classification approach. The research will review constraint sources and characteristics, develop a classification method, and outline a framework to manage constraints throughout project planning and execution.
3. The objectives are to understand constraint sources and characteristics, develop a classification method, review current modeling methods, and outline a conceptual framework for total constraint management across project phases.
1. The research will develop a conceptual framework for constraint management in construction projects. Effective identification and treatment of constraints is important for on-schedule and on-budget project completion but current methods are limited.
2. A literature review found studies focused on specific constraint types but not a comprehensive classification approach. The research will review constraint sources and characteristics, develop a classification method, and outline a framework to manage constraints throughout project planning and execution.
3. The objectives are to understand constraint sources and characteristics, develop a classification method, review current modeling methods, and outline a conceptual framework for total constraint management across the project lifecycle.
1. The research will develop a conceptual framework for constraint management in construction projects. Effective identification and treatment of constraints is important for on-schedule and on-budget project completion but current methods are limited.
2. A literature review found studies focused on specific constraint types but not a comprehensive classification approach. The research will review constraint sources and characteristics, develop a classification method, and outline a framework to manage constraints throughout project planning and execution.
3. The objectives are to understand constraint sources and characteristics, develop a classification method, review current modeling methods, and outline a conceptual framework for total constraint management across project phases.
Liberty university busi 313 quiz 3 complete solutions correct answers slideshareSong Love
This document provides the questions and answers to Liberty University's BUSI 313 Quiz 3. It covers key concepts in project risk management and project scheduling including: defining risks, the risk management process, risk assessment tools, risk responses, resource constraints, time constraints, resource leveling, and time-phasing project budgets. Some multiple choice questions assess understanding of these concepts, such as defining different types of constraints, steps in the risk process, and responses to address identified risks.
Minimization of Risks in Construction projectsIRJET Journal
This document discusses risk management in construction projects. It begins by defining risk and explaining the importance of risk management in development projects. It then reviews the results of a survey on risks affecting construction projects in India. The top three risks identified were financial issues, site accidents, and inadequate planning. The study found that contractors are typically responsible for risks occurring during project execution, like issues with subcontractors or quality, while clients are responsible for risks like financial issues or changes to specifications. The best preventative risk management strategies identified were thorough planning using past project data and experience. The best corrective strategies once risks occur were close monitoring and coordination of activities. The document concludes that thorough planning and strong coordination during implementation are key to better managing projects
You have collected the following documents (unstructured) and pl.docxbriancrawford30935
You have collected the following documents (unstructured) and plan to apply an index technique to convert them into an inverted index.
Doc 1?Information retrieval is the activity of obtaining information resources relevant to an information need from a collection of information resources. Searches can be based on full-text or other content-based indexing.
Doc 2?Information retrieval is finding material of an unstructured nature that satisfies an information need from within large collections.
Doc 3?Information systems is the study of complementary networks of hardware and software that people and organizations use to collect, filter, process, create, and distribute data.
In the process of creating the inverted index, please complete the following steps:
Remove all stop words and punctuation, and then apply Porter’s stemming algorithm to the documents. Thelist of stop words for this task is provided as follows:
Is, The, Of, To, An, A, From, Can, Be, On, Or, That, Within, And, Use
Create a merged inverted list including the within-document frequencies for each term.
Use the index created in part (b) to create a dictionary and the related posting file.
You may like to test the inverted index by using the following keywords:information, system, index
.
You have been working as a technology associate the information .docxbriancrawford30935
You have been working as a technology associate the information systems department at Corporation Techs for a while now. You have discovered so far that all of Corporation Techs’ computer systems share the same Class C public IP address range, including workstations along with servers providing authentication, e-mail, and both secure and public Web sites.
Your next task in this project is to construct a basic network design. An important requirement for the network design is to reduce the number of public addresses needed as the subnet lease results in very high ISP costs.
Tasks
Construct a basic network design, separating private and public services within the Corporation Techs’ network. To do so, you must:
Access the PCAP files using NetWitness Investigator, and browse the Nmap scan (XML format), topology fisheye chart (PDF format), and Nessus report (HTML format).
Identify vulnerabilities and clear-text information transfer.
Conduct research and determine the best network design to ensure security of internal access while retaining public Web site availability.
Identify any opportunities for reduced ISP costs through port redirection or address translation.
Design a network configuration, identifying network gateways, port or address redirection systems, and the location of hosts within private and protected network segments.
Create a professional report detailing the information above as supportive documentation for the network security plan.
Create a report that includes a basic network diagram and research results.
.
You have chosen to join WHO. They are particularly interested in.docxbriancrawford30935
You have chosen to join WHO. They are particularly interested in your microbiology skills since there have been many outbreaks of disease around the world. Now that you have reviewed your microbiology, you have been notified that you will be sent to one of two areas, West Africa, or the Middle East. In preparation, the Peace Corp would like you to choose one of these areas and complete a plan to deal with outbreaks or potential outbreaks in the area.
Choose an outbreak from those below to investigate.
Ebola or Middle East respiratory syndrome coronavirus (MERS-CoV)
Locate resources that will provide information about the infection, causing microbe, mode of infection, mode of spread, group or groups specifically susceptible, where outbreak occurred and when, clinical evaluation and diagnosis, infection control.
Find first person reports such as interviews or personal reports or journals on the outbreak. If you need help work with the librarian.
Design and submit an outline of the information you have uncovered. You will use this information to complete the project.
The outline should contain information and cited resources for:
Name of the disease chosen
Causing microbe
Mode of infection
Mode of spread
Group or groups specifically susceptible
Where outbreak occurred and when
Clinical evaluation and diagnosis
Infection control.
.
You have been tasked to present at a town hall meeting in your local.docxbriancrawford30935
You have been tasked to present at a town hall meeting in your local town or city to present the details about a new local policy that is being proposed. The presentation will need to define the problem, proposed solutions, risks, challenges, and funding opportunities/challenges. Topics may include local government changes to communities (for example, transportation, commercial enterprise effects on nearby townships, affordable housing construction, environmental effects of new/old business operations, addressing homelessness support, and others).
Using the
Policy Identification and Analysis Assignment Template [PPTX],
develop an 8–10 slide presentation in which you:
Analyze and define the problem to include possible political conflicts.
Identify risks and challenges.
Identify and construct policy alternatives and solutions.
Identify stakeholders and key roles.
Identify funding opportunities, challenges, and budget cost factors, to include saving measures.
Select supportive and evaluative criteria.
Identify incentives, subsidies, and potential benefits.
Draw conclusions in a thorough summary, including lessons learned.
Use the Internet or Strayer databases at the
Strayer Library
to locate at least three quality resources in this assignment.
Note
: Wikipedia and similar websites do not qualify as quality resources.
Use the
Policy Identification and Analysis Assignment Template [PPTX]
.
.
You have been tasked as the health care administrator of a major hos.docxbriancrawford30935
You have been tasked as the health care administrator of a major hospital to create a financial plan for your organization. What would you include in your financial plan? Compare an operating budget versus a capital budget? Include examples of each budget in a hypothetical department or unit of a hospital. Cite and reference your resources.
.
You have been tasked to devise a program to address the needs of.docxbriancrawford30935
You have been tasked to devise a program to address the needs of crime victims. To better understand what type of program to devise, you need to review some crime data. The crime data will help you to identify the various types of crimes being committed and how the various types of crime victims are impacted by their offenders. Select a source that compiles crime data. Describe why you selected that particular source and what type of data that source contains. Secondly, describe the basic goals of your proposed program and what types of services the program would provide to crime victims based on the various types of crimes. For example, what would be a program goal for a rape victim, and what type of program(s) or service(s) would be devised to address the victim’s needs (this could include gender, age, and group counseling sessions).
Assignment Guidelines
Select a source that compiles crime data.
Address the following in 750–1,000 words:
Why did you select that particular source? Explain in detail.
What type of data does that source contain? Describe in detail.
What are the basic goals of your proposed program? Explain in detail.
What types of services would the program provide to crime victims with regard to the various types of crime? Explain in detail.
Be sure to reference all sources using APA style.
.
You have been successful in your application for the position be.docxbriancrawford30935
You have been successful in your application for the position below and are invited to interview – time and date to be arranged.
Job Title: Social Care Worker – Residential services Panel
The social care worker will…
· work with children / young people, families and / or significant others, Social Work teams, other healthcare providers and agencies, schools, training agencies and community groups.
· care for, protect, and support vulnerable or dependent clients, individually or in groups, in conjunction with the wider multidisciplinary team and other relevant agencies. S/he will ensure the welfare of those under his / her care and will act as an advocate as appropriate.
· contribute to the planning and evaluation of individualised and group programmes of care, which are based on needs, identified in consultation with the client and others and delivered through day-to-day shared life experiences.
· work as part of a team to provide a safe, caring environment for resident clients/ children / young people with the primary aim of providing the intervention necessary to address the issues that are preventing them from fulfilling their outcomes.
· treat clients/ children/ young people and their families with dignity and respect, promoting a culture of unconditional positive regard at all times.
· recognise clients/ children / young people as expert through experience, promoting their participation in care planning, placement planning, decision-making and service delivery.
· contribute to the promotion of good links with neighbours, local community resources, i.e. schools, employment schemes and clubs, local Gardai and any other appropriate service.
· engage in reflective and evidence based practice
. That guideline to use to answer this question 1 to 3
1. Creative practice, reflective practice and team skills
It is important that the Social Care Worker can work independently as well as part of a wider healthcare team, building and maintaining relationships and understanding and valuing individuals and their respective professional roles. S/he should be able to identify the limits of their practice and know when to seek advice and additional expertise or refer to another professional. S/he should be able to give and receive feedback and to input their learning into their practice.
In the space below, please give an example of a situation where you were responsible for an individual piece of work with a service user/group of service users and which demonstrates your ability in the above areas
2
.
Flexibility, resilience and ability to deal with challenges.
An effective Social Care Worker demonstrates a commitment to providing a quality service. S/he is innovative and open to change in striving to ensure high standards in service delivery. Challenges can arise in many ways in the course of Social Care practice and an ability to manage adversity when it arises is an important professional skill.
In the space below, please give an.
You have been hired as a project management consultant by compan.docxbriancrawford30935
You have been hired as a project management consultant by company XYZ to review the status of a CRM (Customer Relationship Management) implementation by their internal project manager. Project Manager has spent allot of time with stakeholders on request for additional features being added to the project, resulting in 7 CRs (total potential project impact of $400,000). You are to review and assess the available current data on the project and provide specific recommendations and prioritized next steps to the executive committee.
Start Date: March 2021
Planned Finish Date: September 2021
Current Phase: Implementation
Overall Percent Complete: 40%
Overall Approved budget: $1,000,000
Actual Cost to date: $650,000
Number of Change Requests submitted by stakeholders: 7
CPI = 0.45
SPI = 0.65
EV = $400,000
.
You have been hired to manage a particular aspect of the new ad.docxbriancrawford30935
You have been hired to manage a particular aspect of the new adult addictions center. It is your job to write a proposal to bring to the next board meeting so that funds can be allocated to initiate your plans. This is the brainstorming stage of the planning. Your proposal will need to be scrutinized by the board before it approves it. It is important to be as specific and detailed as possible to justify the needs of your department before going forward. It is also important to be realistic, but at the same time expand your ideas, goals, and aspirations into doable actions because this board wants you to think outside of the box.
MY ASSIGNED ROLE IS COMMUNITY RESOURCES
Community referrals and other needs (e.g., working with the justice system, local businesses, and nonprofit organizations)
Write a 900–1,200 word paper that addresses the following:
What is the department’s role within the organization, and what are its responsibilities?
What are the client needs or services that are addressed by this department?
What individuals and resources are needed to provide those services?
**** Paper must include ****
Abstract
Introduction
Conclusion
References for all of the sections, in APA style
.
You have been hired by Red Didgeridoo Technologies. They know th.docxbriancrawford30935
You have been hired by Red Didgeridoo Technologies. They know that they need to have network storage technologies, but their IT is a little lost. They want to have a scalable infrastructure to be able to expand and shrink the servers in their infrastructure when needed. In order to do this, they have purchased a license for VMware vSphere 6 Enterprise Plus.
NOTE:There must be at least 1 to 2 paragraphs per question.
1. Find and describe 2 distinct uses for a File Sharing Server which uses the sharing protocol named NFS (at least one of these must be a use specifically involving VMware vSphere 6 Enterprise Plus). List the advantages of using these implementations instead of using SMB or CIFS.
2. Find and describe 2 distinct uses (at least one of these must be a use which specifically involve VMware vSphere 6 Enterprise Plus) for iSCSI technology.
.
You have been hired by TMI to design an application using shell scri.docxbriancrawford30935
You have been hired by TMI to design an application using shell script programs. TMI
Case
Projects
needs you to design and create a new directory structure.
The company has several departments: accounting, sales, manufacturing, information tech-
nology, and headquarters. The accounting department has accounts receivable, accounts
payable, and payroll functions within it. The manufacturing department runs three shifts
and a weekend shift.The information technology department has five projects in progress.
The sales department has offices located in the West, East, North, and South.
First, design the Linux file system hierarchy on paper. Keep in mind that the depart-
ments, functions, shifts, regions, and projects need to translate into directories. Next, you
need to create this hierarchy on the Linux system. Create at least one empty file in each
directory. Use the department, function, shift, region, or project name as the filename
and include an extension of .dat.
.
You have been hired to evaluate the volcanic hazards associated .docxbriancrawford30935
You have been hired to evaluate the volcanic hazards of a dormant volcano showing signs of activity. To assess potential future eruptions, you would seek information about prehistoric eruptions by examining the volcano's field to understand eruption styles and magnitudes from similar past events to better predict future volcanic activity and hazards.
You have been hired as an assistant to the public health officer for.docxbriancrawford30935
You have been hired as an assistant to the public health officer for the state. The budget deficit has impacted your state, and with elections high on the list of worries, legislators are concerned about their public image and are contemplating reducing the public health budget for the state. You are being asked to prepare a presentation to persuade legislators not to cut public health spending.
Select a public health program/service that will be impacted by a recently proposed state budget cut.
Prepare a PowerPoint presentation to persuade legislators not to cut public health funding. Present the cost/benefit of the public health program/service, the expected impact of the proposed cut, and conclude with an alternative proposal.
The presentation should have a minimum of 15 slides (not including the reference slides).
Notes should be present with each slide describing the information on the slide.
Provide supporting information.
Use charts, graphs, and other visuals.
Please make sure to present some state and local data of the community that will be impacted by the cuts.
REQUIREMENTS:
- Length: Assignment should be at least 15 slides, not counting reference slides.
- Cite your sources and include reference slides.
.
You have been engaged to develop a special calculator program. T.docxbriancrawford30935
You have been engaged to develop a special calculator program. The requirements for this program are very specific, and are as follows:
Create a Windows Forms application in Visual Studio using C#. The interface should look similar to the following:
Create the following controls, as shown above:
Labels for “Enter Information,” “Name,” “Input 1,” and “Input 2”
3 textboxes, as shown in the picture above
Buttons for addition, subtraction, multiplication, and division
Buttons for calculating sine, cosine, and tangent (based on the first input textbox only)
A button that calculates modulus
A button that clears the textboxes
Write a method for each of these calculations that will accept the incoming numbers from the two input fields and return the calculated value.
This value should be displayed in a MessageBox window, which should also display the user’s name from the first textbox.
Please submit your zipped Visual Studio project.
.
You have now delivered the project to your customer ahead of schedul.docxbriancrawford30935
You have now delivered the project to your customer ahead of schedule, but slightly over budget. Now, it is time to reflect on what went well and what didn’t go so well. Based on feedback throughout the course, what would you have done differently in terms of scope, resources, and / or schedule, and why?
.
You have now delivered the project to your customer. The project was.docxbriancrawford30935
You have now delivered the project to your customer. The project was delivered ahead of schedule, as requested by your project sponsor, but over budget by 20 percent. Now, it is time to reflect on what went well and what didn’t go well. Based on feedback throughout the course, what would you have done differently in terms of scope, resources, and schedule, and why?
.
You have now experienced the work of various scholars, artists and m.docxbriancrawford30935
You have now experienced the work of various scholars, artists and musicians who have connected words to social justice.
Now, it is your turn. Write a poem, song, spoken word, lecture, or rap that captures the struggle, action or hope that exists in a social issue of black lives matter. Be creative; this is your opportunity to express your reflections and ideas in a personal and compelling way.
.
You have learned that Mr. Moore does not drink alcohol in the mornin.docxbriancrawford30935
You have learned that Mr. Moore does not drink alcohol in the mornings. He does not binge drink, and he does not drink on Sundays. He does, however, drink the other 6 days of the week. Mrs. Moore explains his pattern of drinking Monday through Friday with his partners as stated in the scenario above, but he does not drink at home on those days. She also informs you that he does drink on Saturdays at home, often starting in the afternoon and passing out by dinnertime. He has a history of being loud, frightening, and angry when under the influence of alcohol. You also learn that Mr. Moore’s father was a winemaker from Italy.
Your supervisor, Officer Steve, suggests that you apply your knowledge of issues surrounding alcohol abuse and alcohol addiction to this case and write a memo to him. The memo should include the proper headings: "To," "From," "Date," and "Re:." The docket number and probation case file number should be included in the "Re:" section. You are beginning to determine whether Mr. Moore has an issue with alcohol that needs to be further addressed.
In the memo, do the following:
Submit the assignment in the format of a memo.
Include the proper headings: "To," "From," "Date," and "Re:." The docket number and probation case file number need to be included in the "Re:" section.
Apply the facts of Mr. Moore's case to the definitions of alcohol abuse and alcohol addiction.
Apply these facts to the differences between alcohol use and abuse.
Apply these facts to the DSM-IV criteria for a diagnosis of alcohol abuse.
Apply these facts to the disease model of alcohol abuse.
Apply these facts to the role genetics and heredity may play in the transmission of alcohol abuse from one generation to another
.
.
You have been hired by a large hospitality firm (e.g., Marriot.docxbriancrawford30935
You have been asked to speak to the HR staff of a large hospitality firm about managing the project to relocate the company's headquarters office. To ease their fears of project failure, given past experiences, you will explain key elements of project management to them by comparing it to human resources management, which the staff understands well. Your explanation will address how using project management practices can help ensure the project is delivered successfully.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
PROJECT RISK MANAGEMENT .docx
1. PROJECT RISK MANAGEMENT
2
Project Risk Management
MPM344-1701B-01 Project Risk Management
March 8, 2017
Ronald Burke
Contents
Project Outline 3
Risk Management Justification3
Project Risks Identification 6
Project Risks Responses Strategy 6
Project Risks Responsibility Plan 6
Project Risks Monitoring and Control Plan 7
Project Risks WBS and Budget Updates 7
Project Risks Communication Plan 7
Reference List 9
Introduction To Project Risk ManagementProject Outline
Brief description of the project.
Today, the United Kingdom and the United States have
been receiving an overwhelming number of international
students from all over the world. However, the number of the
international students is larger compared to students from other
countries. Several of these students study English while in the
foreign institutions because, at their homeland, they are only
shallow English that can only be used to answer examination
questions (Lin 2014). The students are faced with a lot of
2. challenges that they have to overcome in order to achieve what
brought them to a foreign land. This paper will, therefore, aim
at getting a better understanding of how it feels like to learn
English as a second language especially for the Chinese
students studying abroad. Risk Management Justification
Carrying out a study that involves international students
requires that I get data from the international students and their
professors. For the student are not within my reach, then some
finances will be required to aid the success of the project.
Therefore, there is a need to ensure that funds are well managed
to avoid overspending.
Project risk management has some advantages which
include availing time to have a project being assessed; risks are
documented such that future researchers can have a reference
since the projects are usually planned, it allows the researcher
to provide responses without delay to questions asked, and
confidence level increases on the investment decisions.
Project risk management involves an eight-step process.
To start with, the researcher has the responsibility of
identifying the causes of the risk, that is, every factor that is
likely to pose a challenge and delay the meeting of objectives.
Here, the researcher is also granted with an opportunity to
explore the factors that would enhance the meeting of the
objectives. Secondly, the cause of the risk should be identified.
Thereafter, the researcher should come up with the controls
whose aim is to prevent the occurrence of the risk. In the next
step, the researcher should identify the consequences that may
arise as a result of the risk and also what impact that the control
measures will have on the project. Then, the researcher should
come up with a rating description and then the researcher
should come up with the Cther controls. In the last steps, the
researcher should come up with a decision depending on the
type of risk at hand and reviewing and monitoring of the project
should be initiated (Kendrick 2009).
3. Fig 1: diagram showing the project risk management process
Rating descriptor
Cther control
Decision making
Reviewing and monitoring
Consequences of the risk
Identify the cause
Idenify the cause
Risk control
4. Project Risks Identification
The risks involved include the fear of the international
students to engage in this research since they fear being judged
by the information that they release. Additionally, most of the
Chinese students studying abroad are in the process of
mastering the language. As a result, therefore, it is likely that
they will get a wrong understanding of the questions that will be
asked during the data collection period. The professors may also
5. shy away from engaging in the research, especially if their
teaching strategies are not effective or in the situation whereby
they have adopted a wrong perception about the Chinese
students studying English as a foreign language.
Project Risks Responses Strategy
To attend to these risks, the researcher will ensure to
target a very huge sample in order to get responses enough to
kick start the research. Furthermore, the researcher should
identify the research method that will allow the Chinese
students to get clarification to the questions when they get it
wrong especially the interviews.
Project Risks Responsibility Plan
The plan will involve the participation of the researcher in
the collection of more accurate data. This will be possible only
if the researcher will use methods of data collection that will
ensure that the learners acquire a clear understanding of the
questions. Furthermore, the researcher should come up with
ways that will entice the professors to participate in the
research.
Project Risks Monitoring and Control Plan
Like earlier mentioned, the risk that can occur in this project is
whereby the Chinese students may not be willing to avail data
that will be used in this study. Also, the professors may also fail
to give their responses to the research questions. Therefore, it is
important that the researcher engages the sample directly and
convince them what the advantages of the research will be. The
researcher should also be available for any clarifications
required by the Chinese students to ensure that accurate data
has been collected.
Project Risks WBS and Budget Updates
Given the risks that the researcher might encounter while
collecting data required for this project, it is important that the
researcher gets near the sample rather than sending the survey
questionnaires through emails. As a result, therefore, the
researcher will incur some cost for the transport, the
6. accommodation, food and beverages, and any other costs that
may arise. Therefore, it is important that the researcher pools
funds earlier that will facilitate the research to avoid challenges
while collecting data in the field. Some other cost likely to
occur is the cost used to print the questions in hard copies.
Project Risks Communication Plan
The risks that might occur on this project will involve the
sample which includes the students and the professors. To
ensure that ample responses are given, it is important that the
researcher first engages the target sample and explain to them
the purpose of the research and the likely positive impact of the
research. Furthermore, the researcher should make sure that the
target sample is guaranteed of confidentiality whereby their real
names will not be exposed to the public. This is likely to
increase their willingness to take part in the collection of useful
data for the analysis of this project.
Project Risks Analysis
This assignment aim is to identify project risks and analyze
them. Project risk is the probability that uncertain event will
occur affecting objectives of the planned activities. It is,
therefore, paramount for any project manager to identify these
risks and plan for them. On that note, this assignment will
describe 8 risks in detail to include, name, description,
likelihood and impact.
Project Risk Table Ranked Based on Impact (highest to lowest)
Risk Name
Likelihood
(scale 1-8)
Description
Impact
Scope Risk
1
It is a type of a risk that occurs when changes are made in a
project to accommodate new features or deliverables. Other
causes of this type of a risk are issues of integration, software
7. and hardware defects and finally change in dependencies. The
main cause of this risk is when project requirements are not
clearly defined. Some of the problems that lead to this risk are
such as when performance criteria are not well defined, no clear
directions or no adequate reviews (Madsen,2012).
The scope is one of the three constraints of a project. If there
are changes in scope, it means the other constraints will be
affected and therefore need re-adjustment. Scope risks will
affect time and costs since new deliverables will need more
time and cost which might not have been planned for leading to
project failure.
Scheduling Risk
2
Is a type of risk that occurs when activities in a project cannot
meet time deadline. Scope risk is one of the major causes of this
problem or poor estimates. Inaccurate estimates are caused by
lack of prior experience, lack of adequate reviews and subject
matter expertise. It pays heavily if the project planner is
paranoid and pessimistic when making time estimations.
However, there are various reasons why my project may not
carry on in the scheduled way. Some of these reasons might be
natural factors, unexpected delays at an external vendor, and
delays in acquisition of parts (Madsen, 2012).
When scheduling risk occurs, it means that the project will not
end in estimated time. Other project constraints will be affected
such as cost since the longer the project runs, the more
expensive it gets. This may cause the project to fail.
Technology Risk
3
Is a type of risk that mainly arise from hardware and software
defects or the failure of an underlying platform or service. For
example, I might realize halfway through the project that the
cloud service provider that is in use in my project is not
satisfying my performance benchmarks. Also, issues may arise
from the platform that I might be using to build my software or
8. a software update of an important tool that has stopped
supporting some of my functions (Kerzner, 2015).
If the chosen technology for the project is limited, it means that
project deliverables will not be achieved. This fact is enough to
fail the whole project (Kendrick, 2015).
Design Risk
4
Flexibility and feasibility of architecture and design are vital to
the success of a project. It is a risk to have a design of a low
quality. Also, the designs of complex or experimental
components can be highlighted as separate risks (Madsen,
2012). If the design is of low quality, then probably the whole
project will fail if no caution is taken at early stages of the
design process.
If design is not desirable or does not achieve the functions it is
supposed to meet; then such project deliverable is deemed a
failure.
Integration Risk
5
Whatever the project is delivering ought to be integrated with
the processes, systems, organizations, cultures and
environmental knowledge. Integration risk is a most common
risk in projects. There is likelihood of a project being disrupted
in case it needs to be integrated into a business process
(Madsen, 2012).
If the project does not manage to integrate with the surrounding
environment, failure is not optional. For example, a simple
system designed to help in e-banking fails to coordinate with
workers in such an institution; such a project will be deemed
unfunctional.
Quality
6
Both risk management and quality are intertwined. I will expect
my project to have defects, but still, there is a risk that quality
will not meet the basic levels. Failure of the project may be
9. triggered by significant rework. Quality risks for work
packages, infrastructure, products, and components should be
identified and avoided. Low-quality inputs will result in low-
quality output, and this might prevent the project from
succeeding.
Quality today is a major determinant of product success. The
customers are more sensitive to quality issues than it was in the
past due to high competition from many project managers. If the
quality is poor, then such a project deliverable fails (Kendrick,
2015).
External Risks
7
External risks; these are triggered by external forces like laws,
markets, and regulations. My project will face a risk if at all it
touches compliance and sensitive processes (Kendrick, 2015).
If the project faces a market regulation or new law, compliance
issues are expected to make it illegal or forced to meet certain
charges making it expensive.
Stakeholder risk
8
Risk that occurs if stakeholders of the project fail to accept
deliverables. There is a risk that project sponsors fail to support
the project through finances. It might be caused by a factor such
as poor quality or escalating costs (Kendrick, 2015).
The risk has a less probability of occurring, but if it happens,
there are chances the project will not be completed.
Identified risks
When conducting risk mitigation in a project, it is important to
first identify the risks which are being considered and how they
are going to affect the project in the long run and in the short
run. Risk identification helps in determining the parameters that
are going to be affected and how they are going to be affected.
The next stage is the risk assessment stage. Risk impact
10. assessment deals with assigning figures to the risks which have
been identified, and also the areas which are going to be
affected by the risk which has been identified.
Risk impact assessment is essential in the development of
strategy to deal with the risks as it weighs the benefit and the
cot that are going to be derived if the risks that have been
identified are to be dealt with. Risk assessment leads to the
development of the strategies which are essential in handling
specific risks and how to achieve that.
Strategies of risk mitigation
Avoidance will lead to the project taking a different route
as the proposed risks will lead to the project either incurring
more costs or the risks might derail the activities that the
project is undertaking. Avoidance leas to a project being safe
and avoiding the things might hurt the project. This will led to
the development of a program that will help avoid the risks that
the organization is facing. Avoidance leads to more time being
taken to implement the project and also increases the cost that
the project will incur.
Avoidance also leads to the firm developing more efficient
strategies to implement the project in the new environment that
it is operating. This is because environments change with time
and this enhances the effects of economic changes in the
environment. Through avoidance it is possible to also correct
areas in the project which had been implemented before the
changes take effect. The avoidance on the projects helps in
ensuring that policies are flexible and other issues are taken
into account.
Transference
Risk transferring is a trade that organization takes to
secure their resources and to ensure that they are not incurring
losses. Transference works where a company has identified a
risk and it seeks a shareholder who is willing to take liability
for the risks in question. The stakeholder who takes up the risks
ensures that the organization is able to go on with the project
and in exchange the stakeholder benefits if they are successful
11. in dealing with the risk and if not, they incur the losses.
Mitigation
When mitigation risks, it is important taking account of
other risks which might have affect the project in the future.
The firm then prioritizes the risks with the risk which will have
the largest impact on the project being given priority and dealt
with first. Through risk mitigation, it is possible for them to
incur fewer charges as it is possible to deal with all risks at
once or deal with risks as each risk is being established.
Risk mitigation is a continuous thing that firms have to
keep on undertaking as new risks are being established and
dealt with; the project will run into more. The risk can be in
terms of performance, competition or market factors which will
affect the operations of the project in the long run.
Acceptance is a way of risk mitigation which leads to the
project managers accepting and acknowledge that the risks
exists and then they do not engage in any activities that will
avert the risks. The project managers will have to consult with
the managers of the firm in establishing that the risk will be
carried on into the projects life.
The best strategy of dealing with the risk is the mitigation
of risk as it leads to the development of the firm being safe and
the project being successful. In the mitigation of various risks,
it is possible to uncover more risk which will lead to the firm
and the project being more careful of the options that they take
and also in improving the performance of the project. Risk
mitigation makes it possible to cut down costs of the operations
and also makes the project to avoid future events and project
which might increase the level of risks that the project will be
opened to,
Risk mitigation increases the probability of a project being
successful and this enables the firm to be able to plan more
successful projects. It is possible to take into account the
previous risks which had been incurred by the firm and this will
help it to plan better projects. Risks lead to the firms having
12. increased cost which leads to the project being unviable and this
might affect the company profits. Company profits are tied to
the success of the projects that it initiates and a failure of
projects will lead to higher losses.
References:
Top of Form
KENDRICK, T. (2009). Identifying and managing project risk:
essential tools for
failure-proofing your project. New York, AMACON.
http://www.dawsonera.com/depp/reader/protected/external/Abst
ractView/S9780814413418.
LIN, L. (2014). Investigating Chinese HE EFL classrooms:
using collaborative learning
to enhance learning.
http://search.ebscohost.com/login.aspx?direct=true&scope=site
&db=nlebk&db=nlabk&AN=883346.
Kendrick, T. (2015). Identifying and managing project risk:
Essential tools for failure- proofing your project.
Kerzner, H. (2015). Project Management 2.0: Leveraging tools,
distributed collaboration, and metrics for project success.
Madsen, S. (2012). The Project Management Coaching
Workbook. London: Management Concepts Press.
Cruz, M. G. (2002). Modeling, measuring and hedging
operational risk. New York: John Wiley & Sons.
Bottom of Form
MPM344- Project Risk- Phase 1IP5
13. Wedding Planning
Student XXXX
June XX, XXXX
TT A B L E O F A B L E O F CC O N T E N T SO N T E N T
S
II .. PP R O J E C T R O J E C T OO U T L I N E U T L I N
E (( I PI P 1 )1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . . . . . . . . . . 11
1 .1 . PP R O P O S A L R O P O S A L AA P P R O V A
LP P R O V A L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 .2 . PP R O J E C T R O J E C T DD E S C R I P T I O NE
S C R I P T I O N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 .3 . MM I L E S T O N E SI L E S T O N E S . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . .
I II I .. RR I S K I S K MM A N A G E M E N T A N A G E
M E N T JJ U S T I F I C A T I O N U S T I F I C A T I O N
14. ( I( I PP 1 )1 ) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . .
. . . . . . . . . . 99
1 .1 . TT H E I M P O R T A N C E O F R I SH E I M P O R
T A N C E O F R I S KK -- T O T H E S P O N S O R T O T
H E S P O N S O R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
2 .2 . SS T E P S T O D E V E L O P I N G AT E P S T O
D E V E L O P I N G A R I S K M A N A G E M E N T P L
A NR I S K M A N A G E M E N T P L A N . . . . . . . . . . .
. . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . .
3 .3 . FF L O W L O W DD I A G R A M O F S T E P S F
O R I A G R A M O F S T E P S F O R A A R M PR M P .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . .
I I II I I .. PP R O J E C T R O J E C T RR I S K I S K II
D E N T I F I C A T I O N D E N T I F I C A T I O N ( I( I PP
1 ,1 , II PP 2 )2 ) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . .
. . . . . . . 1 21 2
11 .. HH II -- L E V E L L E V E L BB R A I N S T O R M I
N G O F R A I N S T O R M I N G O F RR I S K T H A T C
O U L D O C C U RI S K T H A T C O U L D O C C U R . .
. . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . .
22 .. RR I S K S I S K S CC A T E G O R I Z E D WA T E G
O R I Z E D W // S W O TS W O T A N A L Y I S I SA N A
L Y I S I S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
3 .3 . SS T A K E H O L D E R S T A K E H O L D E R S
&& PP R O J E C T R O J E C T TT E A M U T I L I Z E D
T O I D E NE A M U T I L I Z E D T O I D E N T I F Y R I
S K ST I F Y R I S K S . . . . . . . .. . . . . . . .
I VI V .. PP RR O J E C T O J E C T RR I S K I S K AA S
S E S S M E N T S S E S S M E N T (( I PI P 2 )2 ) . . . . . . .
15. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. 44
11 .. TT A B L E S H O W I N G R I S K SA B L E S H O W
I N G R I S K S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22 .. RR AA N K I N G O F N K I N G O F RR I S K S S H
O W I N G I S K S S H O W I N G LL I K L I H O O D A N
D I K L I H O O D A N D II M P A C T M P A C T . . . . . .
. . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . .
VV .. PP R I M A R Y R I M A R Y RR I S K I S K RR E S
P O N S E E S P O N S E SS T R A T E G Y T R A T E G Y
(( I PI P 3 )3 ) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . .
. . . . . . . . 55
11 .. MM A T R I X A T R I X S H O W I N G S H O W I N
G AA S S E S S M E N T S S E S S M E N T R E P O N S E S
F O R E A C H R IR E P O N S E S F O R E A C H R I S KS
K . . . . . . . . . . . . . . .. . . . . . . . . . . . . . .
2 .2 . DD E T A I L E D E T A I L E D RR I S K I S K RR
E S P O N S E S F O R T H E E S P O N S E S F O R T H E
R I S K SR I S K S … . . .… . . . … … … … … … … … … …
… … . . .… … … … … … … … … … … … . . .
V IV I .. PP RR O J E C T O J E C T RR I S K I S K MM A
N A G A M E N T A N A G A M E N T PP L A N L A N (( I
PI P 44 )) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .
. . . . . . . 66
11 .. MM O N I T O R I N G O N I T O R I N G RR I S K I
S K RR E S P O N S I B I L I T Y E S P O N S I B I L I T Y
MM A T R I XA T R I X . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16. V I IV I I .. PP R O J E C T R O J E C T RR I S K S I S K
S MM O I N I T O R I N G O I N I T O R I N G && CC O N
T R O L O N T R O L PP L A N L A N ( I( I PP 44 )) . . .. .
. 77
11 .. FF L O W L O W CC H A R TH A R T . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . .
V I I IV I I I .. PP R O J E C T R O J E C T RR I S KI S K
SS MM I L E S T O N E SI L E S T O N E S && BB U D G
E T U D G E T UU P D A T E S P D A T E S (( I PI P 55 ))
.. 88
11 .. MM I L E S T O N E SI L E S T O N E S ,, BB U D G E
T U P D A T EU D G E T U P D A T E . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . .
2 . C2 . C O N T I N G E N C Y O N T I N G E N C Y BB U D
G E T U D G E T
UU P D A T EP D A T E … … … … … … … … … … … … …
… … … … … …… … … … … … … … … … … … … … … …
… … …
I XI X .. PP RR O J E C T O J E C T RR I S K S I S K S CC
O M M U N I C A T I O N O M M U N I C A T I O N PP L A
N L A N (( I PI P 5 )5 ) . . . . . . . . . . . . . . . . .. . . . . . . . . . .
. . . . . . 99
1 .1 . PP R O J E C T R O J E C T DD I R E C T O R YI R E
17. C T O R Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 .2 . MM A T R I X F O R T H E C O M M U NA T R I X
F O R T H E C O M M U N I C A T I O N S P L A N I C A T
I O N S P L A N
33 GG U I D E L I N E S F O R C O M M U NU I D E L I N
E S F O R C O M M U N I C A T I O N S M E E T I N G S I
C A T I O N S M E E T I N G S
… … … .… … … . … … … … … … … … … …… … … … …
… … … … …
I .I . PP R O J E C T R O J E C T OO U T L I N EU T L I N
E
1. PROPOSAL /APPROVAL
Dear Sponsor: Ronald Burke,
My proposal will give you the insights of why I am seeking
your approval
to being the lead Project Manager for the project of Wedding
Planning. I am really
excited to take on this new venture for I know it will help add
to my resume and my
18. future growing endeavors with your company. As proposed,
clients Walter James and
Gloria Jefferies decided to take on the commitment of marriage
in June of 2013 and
are the official winners of “The $50,000 Wedding Give Away
Day” from our
sweepstakes raffle. I understand before the kickoff of this
project I would need your
approval of your sponsorship to take on such a large project.
Even though I am a new
hire under your management team of project managers, this
proposal is to declare my
ability and desire to taking on the Wedding Planning Project
with delight, but first let
me explain in detail of why I strongly feel this way.
May 7, 2011 was one of the best days of my life….For it was
my Wedding
Day! This is the year my husband and I promised ourselves and
loved ones that we
would finally have a wedding which was on our 10th Year
Anniversary. Besides that,
we felt that since our family is now complete they could
participate in the ceremony as
well. Well we did just that. Our little girl was our mini
19. bride/flower girl, our middle
son was the ring bearer and our older son actually walked me
down the aisle, which
was very emotional, since my uncle passed away last year and
was suppose to walk
me since he was just like a father to me.
However, I never knew until this project that the risks
involved with an individual
planning their own wedding could be just as stressful, if not
more, and loaded with a
ton of risks, than if you were to hire a project manager/planner
to do it all. As a
matter-of-fact, I personally just experienced how substantial
those risks and stresses
could be…and yes it was experienced, the hard way- without a
risk plan.
I was a bride on a limited budget and decided to have my
wedding on a cruise in
the Bahamas with 6 months of planning. Well, that idea fell
through after the 4th
month and the plans had to change because the most important
20. guests such as our
parents, siblings, etc. were not able to get on board with us for
unseen circumstances.
My immediate family and my photographer were already booked
for the cruise and at
this point we could not cancel. So to sum up the situation: our
wedding funds were
tied up on a Carnival Cruise Ship that only my family of 5 plus
my photographer
would be able to attend.
Instead of panicking, I decided to use the $ 2,000 dollar
reserve funds that we set
aside as “spending money” on the cruise, to have a simple
ceremony with 30 guests in
Orlando, FL the weekend week prior to our departure. I had
two months to make the
plans. As anyone can imagine, those were the busiest 2 months
of my life. The details
were mind boggling, the risks were endless, resources were
many, the groom did not
disappear, as I’m sure he wanted to at times, and everything was
beautiful in the end
for we finally had our 25 thousand dollar wedding on a 2
thousand dollar budget!
21. Afterwards we enjoyed our week of vacation in beautiful
Orlando, Fl home of Mickey
Mouse, and at the end of the week we embarked on the ship and
vacationed for 3 more
days. When it was all over, I can honestly say that I was
extremely happy with the
results, for it was all worth it in the end.
I had previously told a friend of mine that if I could execute
my wedding on
such short notice and budget that I will be able to plan anything
and project
management was definitely my talent and calling. As a matter-
of- fact, planning
weddings as a career has always been a life-long dream, and my
purpose for my
education in project management. Therefore this proposal to
lead the project of
“Wedding Planning” is being written with a little experience but
a whole lot of zeal!
Mr. Burke thanks in advance for your consideration for approval
of this proposal.
22. Respectfully Yours,
Jane Doe
Project Manager
1. PROJECT DESCRIPTION
This risk management plan will identify risks that are associated
with planning a
wedding. The planning of a wedding involves a lot of detail that
must be thoroughly
planned out. There are a lot of milestones involved and
sometimes can seem
overwhelming even for the most experienced project planner.
Although similar, there
are no two weddings ever alike because everyone is different
with different likes and
dislikes; this could make the planning of a wedding a risk all by
itself. That is why it is
important for the project manager to be well -rounded and
diverse because there are
simply no limits to where a wedding can take place. A wedding
can be planned on top
of a mountain or at the bottom of a sea. Most of the time it is a
preference, illusion or a
23. dream that the project manager is expected to make realistic…
on schedule and most
of all within budget. For example it would not be ideal to go to
a bride and tell her that
her wedding date needs to change or more money is needed to
accommodate random
expenses that were never allotted for. This is just the tipping of
the ice-burg when a
project manager is in charge of planning a wedding. However,
this process does not
get any easier when one plans their own wedding as discussed
earlier in section 1 (the
proposal/approval section).
2. MILESTONES
a. Flowers
b. Cake and Catering
c. Music Getting Marriage License
d. Name Change on all cards (i.e. social security, credit, health
etc.)
24. e. Preparing A Budget
f. Guest List
g. Invitations
h. Vendors
i. The Bride
j. The Groom
k. Wedding Party
l. Hair & Beauty
m. Ceremony
n. Reception
o. Honey moon
p. Photo & Video
q. Rehearsal Dinner
r. The Wedding day
s. Thank you gifts/ cards
25. II. RISK MANAGEMENT JUSTIFICATION
1. THE IMPORTANCE OF RISK- TO THE SPONSOR
Dear Ronald Burke,
Thank you for your approval. I wanted to write you a letter to
inform you of the
importance of having a risk management plan (RMP) in place
for the current wedding planning
project. Since my wedding it has opened my eyes to know that
the risk involved in planning a
wedding is crucial to the success of it. Our current client/family
is depending on our expertise to
making their dreams come true and we do not want to let them
down. First of all, to identify
what a risk is, I would consider it as anything that could
potential stop, tamper or change the
progression of the project. This could be a temporal stagnation
or it could be permanent. We do
26. not want anything to cause our clients wedding from taking
place. This could be devastating to
our client’s future and even though we are sponsoring it, our
reputation is on the line. Therefore
this is my rationale for having a risk plan in place for this
project.
Through the complete lifecycle of this project, the PRM can
also help us stay on schedule. If
we have a plan for mitigating the risk, when it occurs we can
continue plans without having to
cancel them. Risks are real. It is better to be prepared for them
than not to be. A RMP gives us
this outlet to have changes already on the table before they can
occur. Some risks are much
higher than others and must be respected as such. There are
risks that maybe very rare and never
happen. In either case it is still better to be prepared. For
example having the wedding outside in
June may be a risk of the weather conditions being either too
hot or raining. In this case, we
would need to consider a back up location. Think about it, how
can we promise our client a
27. wedding of their dreams if it rains on them, or if they or their
guest fallout from a heat stroke?
These are the types of risks I’m speaking of. I hope I have
convinced you in the importance of
having a project risk plan in place. In the meantime, I will
continue my brainstorming of the risks
associated with this wedding and I would appreciate any insight
you may foresee that I can
include in this document. Thank you for your time.
Respectfully Yours,
Jane Doe
Project Manager
2. STEPS TO DEVELOPING A RISK MANAGEMENT PLAN
(RMP)
.
a. First understand that it is very essential to the success of the
project
b. Brainstorm with other stakeholders including bride and
groom to partner and help form
this document
28. c. Define what constitutes as a risk in this business by
researching historical data of
weddings gone wrong
d. Use expert judgment for identifying risk
e. Utilizing forecasts to determine unseen conditions
f. Categorizing the Risks for example (wedding dress, chapel,
guest, etc.)
g. Rank the risk as to its significance and the likely hood of it
happening (Burke, 2011)
h. Mitigating the risks with plans to overcome the expected
obstacles (Barkley, 2004)
i. Develop a plan to identify, mointor control,and execute the
risk
j. Write the plan
3. FLOW DIAGRAM OF A RISK MANAGEMENT PLAN
(Microsoft, 2007)
30. a. Budget is Overrun
b. Guests don’t RSVP but arrive at wedding
c. Cake is wrong color and size
d. Food taste awful
e. Flowers shrivel before ceremony
f. Best Man forget his pants
g. Limo driver is held up by traffic
h. Bridal party arrives late
i. Brides zipper to her bridal gown breaks
j. Best Man looses one of the rings
k. Reception location is overbooked
l. 2 people from wedding party can’t be in wedding at last
minute
m. Bride/ Groom’s selected songs has been left at home for
ceremony on accident
n. Outside weather conditions are bad
o. The groom’s white suit gets a stained
p. DJ get into accident with all the equipment in van
q. Videographer forgets camcorder
31. r. Wedding Officiate looses the couple’s written vows to each
other
2. RISKS CATEGORIZED USING A TABLE MATRIX &
SWOT ANALYISIS
Risk
Categorized
Risk
Categorized
&
Described
Method/
Techniques
used
to
identify
risks
37. 3. STAKEHOLDERS & PROJECT TEAM UTILIZED TO
IDENTIFY RISKS
a. Sponsor
b. Project Management Team
c. Lead Project Manager
d. Bride and Groom
Note: The table below explains the role of the stakeholders that
I brained stormed with
last week to categorize the risks. I have also added some
additional responsibilities that
each key member adhered to. Each one has agreed and is
committed to these
responsibilities during the project’s life cycle as the need arises.
Everyone is now aware
of the importance of this document and would like to help in
any way possible to be sure
it is a success. After all we are a team. Either we are all winners
or we all fail. We have
Strengths
Good Budget to work with, Bride and Groom leaving
most details to us, only Planning Agency to offer
such reward in State
38. Opportunities
To make a clients dream come true, Can
become the Leading Planning Agency by
reputation
Weaknesses
Can’t predict the client/ or their families involved ;
dependant on resources for a successful outcome
Threats
Risks associated with planning and executing the
project/ Bad reputation for the company
agreed that failure is not an option. So we will work as a team
to getting this project on its
way by mitigating the risks as often as possible.
ROLE RESPONSIBILITY TO RISK IDENTIFICATION
by interview.
life
39. cycle
on to ensure effective communication between
team,
and vendors regarding project changes
Project Management
Team Members
success of
the project.
project
risk assessment to identify unforeseen risk
mmunication and reports to sponsor, clients
mitigation plans according to their desires
availability
of vendors
40. hinder their wedding
day
IV. PROJECT RISK ASSESSMENT
1 .1 . TT A B L E A B L E SS H O W I N G H O W I N G
RR I S K SI S K S ,, T H E I RT H E I R L I K E L I H O O
D A N D L I K E L I H O O D A N D II M P A C T SM P A
C T S
Risk
Name
Risk
Description
Risk
Likelihood
Scoring
#’s for 2x2
matrix
Below
42. Music
player
won’t play
Low (2) High Upset bridal
party
ceremony will
probably be
delayed
Reception
Risks
overbooked Low (2) High No reception
Wedding
Party
Risks
Back out of
wedding at
last minute
High (1) High Unequal
wedding
party/no escort
for someone
Limo
Venue
Risks
Traffic
/wrong
43. directions
High (1) Low Could delay
schedule
Guest
Risks
Showing up
without
prior RSVP
High (1) High Could cause
the costs to be
impacted
Sponsor
Risks
Budget
Overruns
High (1) High A Loss for
client/company
2 .2 . RR A N K I N GA N K I N G RR I S K SI S K S ((
## ’’ SS D E S C R I P T I O N A B O V ED E S C R I P T I
O N A B O V E )) S H O W I N G S H O W I N G LL I K L I
44. H O O D I K L I H O O D
A N D A N D II M P A C TM P A C T
****Please refer to the above table/chart for actual risk
matrix with detail. ***
All of the risks in the above table risk fell in between #’s
(1) and (2).
All risks in quadrants (1) should receive the highest priority
since these risks are more likely
to happen. The others will receive the least attention arranged
by number from 2-5 as shown
above.
(Burke, 2011)
45. V. PROJECT RISKS RESPONSES STRATEGY
1. RISK RESPONSE ASSESSMENT MATRIX
Risk
Name
Risk
Description
Risk
Likelihood
Scoring
#’s for
2x2
matrix
Below
Risk
Impact
Ranking
Risk
47. Groom’s
Risks
Best Man
loosing the
rings
Low (2) High Ceremony
would be
delayed
Mitigate Have the rings
pinned inside
a bag inside of
his pockets
instead of
them being
loose or in a
box.
Ceremony
Risks
Music
player
won’t play
Low (2) High Upset bridal
party
ceremony
will
probably be
delayed
Transfer Have another
48. music player
on standby
just in case
the first one
stops working
Reception
Risks
overbooked Low (2) High No
reception
Avoid/Transfer Have a
backup
location/venue
Wedding
Party
Risks
Back out of
wedding at
last minute
High (1) High Unequal
wedding
party/no
escort for
someone
Transfer Have the extra
person to
perform a
different task
49. such as usher
or escort the
guest in if it is
a male or if it
is a female
she can help
with hair and
makeup etc.
Limo
Venue
Risks
Traffic
/wrong
directions
High (1) Low Could delay
schedule
Avoid Allot extra
time by
planning
everything
one hour
ahead
Guest
Risks
50. Showing up
without
prior RSVP
High (1) High Could cause
the costs to
be impacted
Mitigate Have a guest
greeter
checking
RSVP’s at the
door to
eliminate the
budget from
being depleted
with having to
pay for guest
that were not
accounted for.
Sponsor
Risks
Budget
Overruns
High (1) High A Loss of
revenue for
the
company
Avoid Request all
transactions to
be reported
51. daily via
email by all
project
managers to
stay abreast.
Request all
changes are
handled
through the
sponsor first
which
includes
changes in all
costs and
schedules.
2. DETAILED RISK RESPONSES STRATEGIES
First Risk:
The bride’s zipper breaks before the wedding ceremony. This
risk will be mitigated
by getting the bride’s zipper dress altered to a corset by the
seamstress. This will
avoid this risk all together. This risk is a low likelihood, but the
impact could be
high so we do not want to take on this risk at all. In adding a
52. corset backing, the
costs will be an extra $150.00 which will increase our budget
for the dress by that
amount.
Second Risk:
The Best man loosing the rings is the second risk. The
likelihood of this risk is low
but the impact would be high. Therefore it is important to
mitigate this risk by the
groom having the groom inside a box that will be placed in a
jewelry bag that will
be pinned to the inside of the groom’s right pants pocket. This
will allow the rings
to stay safe, unless the Best mans looses’ his pants. This will
not change the budget
for the bag is part of the ring purchase.
Third Risk:
This risk involves having Sound System problems where the
music player won’t
play during ceremony. This risk is high and the impact would be
high for it could
53. delay the wedding’s schedule. This could also cause the budget
to change because
it will mean more time in the chapel as well as more money to
be spent on new
equipment. This risk will be avoided by purchasing a back up
sound system if
needed. This will cause the costs to increase by $1000.000. The
vendor will need
to deliver the first sound system on time and on schedule to be
tested. It will also
be tested one week and one day prior to the ceremony. If the
vendor cannot fulfill
the requirements of the delivery contract, they will assume all
costs as agreed to.
Fourth Risk:
The fourth risk of the reception location being overbooked is
less likely to happen,
but will have a high impact on the project. Therefore, having a
backup location we
will mitigate this risk. This information will need to be verified
well in advanced
for proper planning. A contract will need to be signed. In the
event the location has
54. been overbooked we will request that the original vendor
returns all money for
deposits. This could cause our cost and schedule to change if a
new vendor is
needed. For example if the new location costs more than the
current one it would
cause the budget to increase. Also if the new location date
requested is unavailable
it would cause the schedule to change.
Fifth Risk:
The fifth risk is that several of the wedding party back out of
wedding two weeks
before the wedding. This risk is high and the impact is high for
this could cause the
wedding party to be unequal. There could possibly be for
example not enough men
for the women to be escorted or vice versa. This could also alter
the entrance and
standing arrangements. In this case, the risk will be transferred
by having the extra
55. wedding party fulfill other tasks such as an extra male could act
as an usher or
escort of guests to their seats. The extra females can be used to
help with make-up
hair and dressing. A back up rehearsal should also be
performed. The wedding
party can rehearse walking in alone and also walking in with
escorts. This will
transfer this risk for everyone will be prepared either way.
Sixth Risk:
Limo driver has traffic issues and does not get the wedding
party to the chapel on
time. This risk is high and likely to happen. The impact will
also be high because it
will cause the schedule and possibly cost to change. Most
wedding chapels allow
you to rent it by the hour. If the limo drive is an hour late, this
could cause a charge
to occur that was not planned for. Therefore, we would like to
avoid this risk by
planning the Limo driver to arrive an hour ahead of schedule.
We will also be sure
that the limo driver has made a test run to be sure he will know
where he is going
56. on the day of the ceremony. If for any reason he does take the
bridal party to
another location in the contract it will be stated that he will be
responsible for any
extra fees that his company will charge for they also charge by
the hour.
Seventh Risk:
Guest showing up at the wedding that has not RSVP. The likely
hood of this
happening is high for people show up all the times to places
they have not
reserved. In this case this could cause the budget, planning, and
everything to
increase. We will mitigate this risk by having a greeter that will
check names and
RSVP information at the door. If that person is not on the list
they will not be
allowed to attend.
Eighth Risk:
57. The last risk of budget overruns for this project has a high
likelihood and a high
impact. This could cause the entire project to be canceled. This
risk will be
mitigated by keeping an open line of communication by
requesting that all
transactions to be reported daily between all project managers
to stay abreast. It is
also required that all changes are presented and approved by the
sponsor first. This
does include changes in all costs and schedules.
VI. PROJECT RISKS MANAGEMENT PLAN
1. Monitoring Risk Responsibility Matrix
R=Responsible, A=Approver, S= Support, I=Information
N/A=not applicable
Responsible = person who take full responsibility of monitoring
and controlling the risk of the task.
Approver = person who approves or allow changes to occur to
budget, schedule, changes etc.(takes action)
58. Support= person who provides their response to the risk or
support regarding any aspects of the project.
Information= person who should be notified but does not
possess any control for decisions
n/a= monitoring risk plan does not apply in that particular task
Name
Wedding
Project
Schedule
Risks
Overall
Project
Cost/
Budget
Risks
Decorations
Type, Set
up
And take
down risks
Staff
60. Guest
RSVP
Risk
Project
sponsor
A A A A A A A A A
Lead Project
Manager/
Coordinator
R R R R R R R R R
Project
Management
Staff
I I S I R S I I I
Vendors I I R I R I I S I
Design
Team
I S R I I R S S I
Bride/Groom I I A I A I A S
Bridal Party S R n/a n/a n/a A I S S
Wedding
Guest
I n/a n/a n/a n/a n/a I I S
61. PROJECT MONITORING & CONTROL PLAN
Risk monitoring and control is the process of identifying,
analyzing, and
planning for newly discovered risks and managing identified
risks. Throughout this
process, the responsible person of the risk identifies the risks,
identifies new risks,
implements risk response plans, and measures the risk response
plans
effectiveness. The actual inputs to Risk Monitoring and Control
are: Risk
Management Plan, Risk Register, Approved Change Requests,
Work Performance
Information and Performance Reports which most will be
discussed in more detail.
The wedding giveaway sweep steak project must be obtained
62. in a solid risk
monitoring and control plan in order to reassure the project goes
according to plan.
The risk monitoring and control must be carried out during the
entire life cycle of
the project. What this means is that this process will include but
not be limited to
analyzing and identifying risk as they derive and documenting
them to form
contingency plans for if and when they do arise. This helps the
project stay on task
and helps monitor if our company’s resources that are being
utilized for the project
are operating correctly (FFIEC, 2008).
Effective Risk monitoring and control will be essential to the
schedule, cost and
overall budget. There are techniques involved in the risk
monitoring process to
ensure the execution of the project (PMI, 2008). Each and every
one of the
stakeholders involved in this development of the wedding
63. project will either lose
or gain from the success or failure of it. A successful outcome
is desired so that is
where project risk and monitoring will come into play because
it ensures but does
not guarantee the project’s success. Put it this way, it will make
the chances much
greater of being successful than if this process was not
implemented at all.
The project management team, sponsor and other key
stakeholders must always
be ready to not just identify the risk, but take a proactive
approach to mitigating the
risk that are associated with it. In other words, they must
always be prepared to
take a stance to eliminate the associated problem at hand. The
techniques that are
used to manage the risks must be embodied within our project
risk paradigm. The
basic techniques used to manage the risks are the following:
identify, analyze, plan,
track, control, and communicate, (PMI, 2008).
We will use spreadsheets, performance reviews, variance
analysis (VA) and
64. Microsoft project manager as the software tool to schedule and
track the tasks to
help identify and document the risks. We will also use
communication methods
such as by phone, fax, face to face or email to name a few ways
to keep one
another abreast on any changes. If changes are needed such as
in schedules or
costs, that final decision must be made by the Sponsor and our
Executive Team.
The Project managers, vendor or anyone for that matter has the
option to request a
change, but the request must be made known to the lead project
manager which
will communicate it to the sponsor team right away for the
decision making
process.
Monitoring and Controlling of this project will also deal with
tracking and
periodically reviewing the information from the spreadsheets or
risk analysis (RA).
65. This will enable us to regulate the process to meeting the
performance that is
defined within the project scope and project management plan
(PMI, 2008). Some
of the things that we will use to monitor and controlling the
deliverables for this
wedding project are (1) collect information from all parties
involved such as
reports showing work in progress and or completed. (2)
Measure how this
information compares to the actual schedule and costs.
When a risk occurs, the control process is to first of all assess
the risk, modify it
by determining if we can accept, avoid, or mitigate the risk. (3)
The lead project
manager is in control of disturbing the performance information
to the sponsor and
others that are of interest. (4) Last, perform measurements to
effectively make
process improvements will be assessed. This information will be
repeated the
entire time until the project is over and the couples have
returned happily from
66. their honey moon.
This long duration of monitoring and controlling will ensure
that corrective
actions will be taken in the event a risk does arise which is a
part of the control
process. As a breakdown of the planned project monitor and
control work that will
take place for this project the task are as following:
1. Continue to compare the actual performance of vendors, team
members, etc.
to the project plan
2. Determine if there are actions needed to correct or prevent
risks and
recommend them.
3. Identify new risks by analyzing, tracking and monitoring the
wedding
project at hand. Also current and or past risk as well to be sure
they are
identified, reported, and response mechanisms has been put into
place
67. 4. Keep an up to date status of the progression or digression of
the project’s
progress throughout the project life cycle.
5. Inform the team and sponsor of support status reports,
forecasting, and
progress measurements
6. Keep a detailed log of forecasts, current costs and current
schedule
information to stay current and keep stakeholders current
7. Implement monitoring of approved changes from the sponsor
as they occur
to the team members and vendors (PMI, 2008).
8. Quality assurance, Quality control Inputs and Risk Analysis
performed ( i.e.
flowcharting to determine if improvements are needed) (PMI,
2008).
9. Documentation of lessons learned regarding the project will
be indicated as
well
10. Close the project.
68. 2. DIAGRAM FLOW CHART
(Microsoft Word Smart Art, 2011)
Risk
Iden%fied
Risk
Register
Access
Risk
Respond
to
the
Risk
Work
Perform
ance
Requested
70. c. Music Getting Marriage License
d. Name Change on all cards (i.e. social security, credit, health
etc.)
e. Preparing A Budget
f. Guest List
g. Invitations
h. Vendors
i. The Bride
j. The Groom
k. Wedding Party
l. Hair & Beauty
m. Ceremony
n. Reception
o. Honey moon
p. Photo & Video
q. Rehearsal Dinner
r. The Wedding day
s. Thank you gifts/ cards
71. t. Weekly meeting
u. Monthly meeting
v. Consult bride and groom w/ updates
w. Contact vendors monthly
x. Pay vendor in full one month prior to event
y. Contact catering company 1 month prior with exact numbers
of guests
z. Contact wedding reception venue 1 month prior with exact
number of guests
aa. Fitting for brides dress 3 months prior to event
bb. Wedding Party attire dress rehearsal 1 month and 1 week
prior to event
cc. Rehearsal Dinner 1 week prior to event
dd. Limo driver test drive locations- obtain status report
ee. Flowers, Decorations, etc. Needs to be delivered two days
prior
ff. Refrigerate flowers
gg. Check on cake venue be sure it is on schedule for delivery
the day of event
72. hh. Accessories for flower girls and brides maids needs to be
picked up 3 months
prior
ii. Last fitting of entire wedding party 2 weeks prior to event
jj. Chairs, tables, and all equipment delivered on week prior to
event
kk. Set up team arrive 7 am to chapel (1 day prior to wedding
day)
ll. Take down at 7pm at wedding chapel (1day post wedding
day)
mm. Photography and Videographer arrive (1 day prior for shots
of décor)
nn. Contact Reception Hall tour (1 day prior to be sure set up is
correct)
oo. Test all equipment to ensure functionality 1 month, 1 week,
1 day prior
pp. Take a break and relax by 6pm. (1 day prior to event)
2. CONTINGENCY BUDGET -UPDATES
73. As of June 20th, 2011 our budget of $50,000 has not
overrun. As a matter of fact we are
predicted to come in under budget by 20% or 5,000 dollars due
making the Estimated Cost (EC)
to be $45,000. This is due to the recent changes in the reception
location. The cost for the new
location is the same and the only difference is they will do all
the decorations as per the
bride/grooms preference. This is part of their complimentary
packages and services. Another
thing is they are accommodating the bride and groom a free
honey moon suit the night of the
event. The guests are also allowed to stay with a group rate
charge of 100.00 per night which is a
50% savings off the regular price. (Each guest will be
responsible for his/her own fees). With
these amazing changes, this has allowed the event to be on
schedule and under budget.
This brings me to mention about the couple’s one week cruise
honey moon package to the
Bahamas. It is still on schedule to take place the day after the
wedding. They will have a honey
moon suite w/ balcony view. We have also added a surprise
bonus to this package ( thanks to
74. contributions made by our loyal customer’s) of a $5,000
spending voucher as well as limo
service transportation to and from the loading dock in Port
Canaveral Fl.
We are sure to make this couple’s wedding day a dream come
true and a day to remember for
the rest of their lives! We are also expected to receive a 30 %
percent growth in client base and
revenue after this project is completed for it has received
nationwide attention by the media. This
story is due to air on a “Wedding Story” on TLC the following
month with permission from our
bride and groom of course! We are all excited about this project
and have taking all the
necessary approaches to identify and mitigate the budget and
planning risks according to this
plan.
IX. PROJECT RISKS COMMUNICATIONS PLAN
75. 1. PROJECT TEAM DIRECTORY
This table is a representation of the contact information for the
persons that are identified in this communications
management plan. The phone numbers/ email address will be
one of the methods used to communicate with each of
them as needed.
Role Name Email Phone
Project Sponsor
Lead Project Manager Jane Doe
Project Staff
Switchboard/Directory
Project
Management Team
line
[email protected] 555-555-1212
Customer (Bride/Groom) Francesca Griffin
and Randy Watson
[email protected] 555-777-2345
Vendor Switchboard Vendors Exclusive
Switchboard
[email protected] 555-222-7890
Design Team Switchboard Design Team [email protected]
555-888-4567
76. 2. Matrix for the Communications Plan
This table identifies the form of communications that is
requirements for this event.
Communication
Type
Communication
Objective
Type Frequency Audiences Owner Deliverable
Kickoff Meeting The Wedding
Project
introduced as
well as team
members.
Management
Approach-
Objectives
explained
• Face to Face 1x • Project Leader
• Project Team
• Bride Groom
• Stakeholders
Project
Sponsor
77. • Meetings
• Agenda
Project Team
Meetings
Project Status • Email
• Conference
Call
• Face to Face
Weekly • Project Team
• Project Sponsor
Project
Manager
Staff
• Meetings
• Agenda
Design Team
Meetings
Develop and
Discuss design
plans/solutions
for the project.
• Face to Face As Needed • Project Design
Team/ Lead PM
Lead
Project
78. Manager
• Agenda
• Meeting
Status Meetings
for the Project
Reports of the
status of the
project to team
• Face to Face
• Conference
Call
• Email
• Smartphone
Monthly • Entire Project
Team
Project
Manager
• Agenda
Status Reports
79. Of the Project
Report the status
of the project
risk, activities
costs problems
etc.
• Email
• Conference call
• News letter
Monthly • Project Sponsor
• Project Team
• Stakeholders
•
Project
Lead
Manager
• Status
Report
3. Guidelines for the Meetings
Meeting Agenda
The Meeting Agenda will be sent out a week before each
meeting. It will explain the topic and allow room for notes for
questions or comments that should be presented in the meeting.
80. The Agenda will also express the presenter and
their contact information. The agenda will be reviewed each
week to be sure it follows the previous meeting’s updates
and changes as needed to ensure all items are addressed and
responded to. Occasionally the agenda will express
the actions by review if such case is permissible.
Owner of Meeting/ Presenter
The Owner of the meeting/ presenter will be identified as the
“Chair Person” for that week and is responsible for
distributing the agenda of the meeting to all persons of interest.
The times of both starting and ending will also
be their responsibility. It is asked that the meetings does not run
30 minutes over or they should be rescheduled
and reviewed during the next weeks meeting or conference. This
will vary especially when meeting with the
customers (bride and groom) for they may have questions or
concerns that may go over the allotted time. In the
case of emergencies will be the only time this restriction can be
lifted but must be approved by the sponsor
because this will put the employees in an overtime status. This
could cause the budget to overrun. Or team
members are welcome to talk and meet at any time off of the
company’s paid hours.
81. Note Taker
It is important that the chair person picks someone to take notes
of the meetings to ensure an accurate recording
of updates and status reports to other stakeholders that may not
be present and also as a good review
mechanism. At the end of the meeting the note taker is
responsible to hand over the notes to the chair person
which will get the notes copied and prepared as needed for
following meetings etc.
.
REFERENCES
Barkley, B. T. (2004). Project Risk Management. New York:
The McGraw- Hill Companies, Inc.
Boyet, (2010). A Guide to the Project Management Body of
Knowledge (PMBOK Guide) Fourth
82. Edition Translations Retrieved from
http://www.pmi.org/en/About-Us/Press-Releases/A-Guide-to-
the-Project-Management-
Body- of-Knowledge.aspx
Burke, R. (2011). MPM344 Live Chat. Colorodo Tech
University Online.
Haughty, (2009). The Project Management Book of Knowledge.
Retrieved from website
http://www.projectsmart.co.uk/pmbok.html
(PMBOK® Guide); Project Management Institute, Inc. (PMI);
2000, Newtown Square, PA :
Project Management Institute
Project Management Body of Knowledge (PMBOK Guide).
(2008). Newton Square 4th edition:
Project Management Institue, Inc.
Part 4
For this assignment, you will determine how you will monitor
the risks that you have projected, as well as the unknown risks
that occur during the course of the project. You will also
formulate a control plan once a risk has been identified during
the monitoring process.
As part of the monitoring and control process, you will need to
identify who plays what role in this process, also known as
the risks responsibility plan. One method is to construct a RASI
matrix that is similar to the following example:
83. Please note that the risk categories and names are very general
in this example, and you will have more specific risk categories
that are based on Weeks 1 and 2's work.
Deliverables:
The overall project deliverables are the following:
1. Update the Key Assignment Document title page with a new
date and project name.
2. Update previously completed sections based on instructor
feedback.
3. Complete New Content below and copy it under the sections
in the Key Assignment Document that are called "Project Risks
Responsibility Plan" and "Project Risks Monitoring and Control
Plan."
· New Content
· Project Risks Responsibility Plan
· Include a responsibility matrix listing the stakeholders and
project team members, with risk actions (or category of actions)
along the top.
· Next, fill in the table using the following letters, and refer to
the examples in the Assignments section as "R" if they are
responsible for monitoring and controlling the risk, "A" if they
are the approver for taking action to respond to the risk, "S" if
they have a support role in responding to the risk, and "I" if
they only need to be informed. This is also known as a RASI
chart.
· Project Risks Monitoring and Control Plan
· Include a detailed description of the overall monitoring
process, including the techniques that will be used to monitor
the existence and impact of individual risks.
· Include a detailed description of the control process when a
risk occurs.
· Include a diagram flowchart to depict the steps in the control
process from risk discovery through risk response.
4. Be sure to update your table of contents before submission.
5. Name the document "yourname_MPM344_IP4.doc."
84. 6. Note that this document will also be submitted as you Key
Assignment Draft in the next Discussion Board.
Part 5.
In previous weeks, you selected a project around which to
develop your Risk Management Strategy and Plan Key
Assignment. In Week 1, you crafted a letter to the project
sponsor explaining the importance of project risk management.
You also determined the high-level steps for conducting risk
assessment and brainstormed on some of the risk categories. In
Week 2, you fully identified the individual project risks and
analyzed them by determining their likelihood and impact. In
Week 3, you determined the mitigation strategies, which might
include prevention, control, or ignoring the risk. In Week 4, you
developed a project risks matrix with all of the information that
you gathered in Weeks 2 and 3, and you developed a risk
monitoring and control approach and plan.
Now you are ready to embark on adding all of the risk
management tasks to the overall project plan, as well as
producing a well-thought-out communications plan. In the final
week, you will also revise the Key Assignment draft document
based on feedback from your instructor and peers. Under the
last sections, which are not filled in, you will develop a very
detailed WBS, contingency budget, and communications plan.
Deliverables:
The overall project deliverables are the following:
1. Update previously completed sections based on instructor
feedback.
2. Complete "New Content" below, and copy it under the
appropriate sections in Key Assignment Document called
"Project Risks WBS and Budget Updates" and "Project Risks
Communication Plan."
· New Content
· Project Risks WBS and Budget Updates
· Identify the additional tasks that are associated with planning,
monitoring, and controlling risks.
85. · Put this in a WBS structure so that they can be added to an
existing plan.
· Determine a contingency budget to mitigate the risks that are
most likely to occur.
· Determine additions to the project plan budget to monitor and
control risks.
· Project Risks Communications Plan
· Identify the stakeholders that communications should go to.
· Determine the frequency of communications.
· Construct the types of reports and how they will be delivered.
· Discuss how this might be integrated into the change
management process.
· Define who has the final authority for sign-off to extract from
the contingency budget to mitigate risks.
3. Update the Key Assignment title page with a new date and
project name.
4. Update previously completed sections based on instructor
feedback.
5. Be sure to update your table of contents before submission.
6. Name the document "yourname_MPM344_IP5.doc."
7. Submit the final Key Assignment document for grading.