RISK RESPONSIBILITY PLAN 1
Christopher Mihun
MONITORING AND CONTROLLING RISKS – RISK RESPONSIBILITY PLAN
PM650-1801B-01
Professor Al-Nizami
Risk Responsibility Plan
The risk responsibility plan is a risk response planning on choosing the right project stakeholders who are responsible for the risks. It indicates a prose development of all the responsible, those who approved the project processes resulting in the occurrences of the risks. There are also those who supported the project processes, resulting in the errors and risks associated with the project planning, initiation, execution, implementation, and management. Therefore, the responsibility plan is a tool which has been and will be used in the creation of risk project management and responsibility for accountability of all project risks and any associated challenges.
Identified Risks
Roles and Responsibilities (R-Responsible, A-Approver, S-Support and I -Informed )
Project manager
Architect/ Designers
Business Analysts
NSW Government
Project Team
Stakeholders
i. Incomplete designs which resulted in poor structural planning and delivery of the project.
A
R
R
S
I
S
ii. Poor stakeholder involvement in the due process and project planning
R
A
A
R
A
R
iii. Lack of project leadership from the project manager
R
R
S
A
R
A
iv. Lack of project progress reports and this hampered the performance appraisals
A
I
I
I
R
A
v. Poor Cost Estimates and budgeting
R
I
R
A
A
A
vi. Incomplete designs requirement gathering
A
R
R
I
R
R
vii. Failure to keep within the cost estimate.
R
R
A
I
I
A
viii. Inability to meet the completion timeline
R
R
A
I
A
I
ix. Changes in project scope and requirements.
R
R
I
R
I
A
x. Project scope and design changes.
A
A
I
S
I
R
xi. Lack of project change controls and Scope of the project
R
R
I
I
S
A
xii. The pressure to deliver projects on an accelerated schedule.
I
I
S
R
S
A
xiii. Inaccurate contract time estimates.
R
R
S
I
S
A
xiv. Lack of communication between project participants.
I
I
I
A
S
R
xv. Inadequately defined roles and responsibilities.
R
R
A
I
S
A
xvi. Insufficient skilled staff.
R
I
S
A
R
R
xvii. Political risks.
I
S
I
R
S
R
xviii. Poor task and roles assigning among the project stakeholders
R
R
R
I
S
A
xix. Inexperienced project managers
R
S
S
I
S
R
xx. Incomplete designs which resulted in poor structural planning and delivery of the project.
R
R
S
A
S
A
xxi. Poor stakeholder involvement in the due process and project planning
S
S
S
R
S
A
Management of the Risk Plan and the Risk Responses
The importance of the risk responsibility plan is to offer, support, and increase the devolution in project progress and support development. It indicates the agreed responsibility for achieving the necessary roles and responsibilities. It is a system which maps the critical processes, actions, and ways in which the project manager can effectively manage and respond to risks. It also clarifies the roles and responsibilities of all the stakeholder of the p ...
RISK RESPONSE PLANNING
6
Christopher Mihun
RISK MANAGEMENT PLAN – RISK RESPONSE PLANNING
PM650-1801B-01
Professor Al-Nizami
Risk Response
The risks identified are essential in the development of an essential risk response. Risk responses are the different ways and processes for which an organization can effectively use to manage risk. In the construction project, the project managers and stakeholders could have used different responses in the management of the risks. The risk identified and their responses includes:
Risks Identified
Responses
i. Incomplete designs which resulted in poor structural planning and delivery of the project.
Avoidance
ii. Poor stakeholder involvement in the due process and project planning
Contingency
iii. Lack of project leadership from the project manager
Accept
iv. Lack of project progress reports and this hampered the performance appraisals
Reduce
v. Poor Cost Estimates and budgeting
Avoidance
vi. Incomplete designs requirement gathering
Transfer
vii. Failure to keep within the cost estimate.
Exploit
viii. Inability to meet the completion timeline
Contingency
ix. Changes in project scope and requirements.
Accept
x. Project scope and design changes.
Reject
xi. Lack of project change controls and Scope of the project
Reduce
xii. The pressure to deliver projects on an accelerated schedule.
Reject
xiii. Inaccurate contract time estimates.
Exploit
xiv. Lack of communication between project participants.
Reduce
xv. Inadequately defined roles and responsibilities.
Share
xvi. Insufficient skilled staff.
Avoid
xvii. Political risks.
Enhance
xviii. Poor task and roles assigning among the project stakeholders
Reduce
xix. Inexperienced project managers
Share
Application of these Risk Responses
According to the risk responses as shown above, the responses for the opportunities and threats in the risk management. The responses are an opportunity for structural competency and how to effectively manage the risk. The process for risk identification and mitigation can be effectively managed to improve project performance. Therefore, the application for the risk responses can be effectively developed through:
a) Avoidance
Avoidance is a risk response which is essential for the changing the project to meet the expectations of the stakeholders while managing the risk. For instance, the change in the designs could have improved the outcome of the project. The change affects and reduces the ability for an effective risk mitigation and process. Avoidance also helps to change the necessary expectations, planning, and how to fully develop and improve resource allocation to ensure the impact of the risk does not affect the project.
b) Transfer
Transferring the risk is a risk response which is all concerned with the mitigation and management of the risk by transferring it to another aspect and event. For instance, transferring the risk to the project stakeholders could have helped to designing complete and effect ...
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 ...
International Journal of Engineering and Science Invention (IJESI)inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
If a project manager is consumed with managing risk, there is little time to manage opportunities. Good risk management is not about fear of failure, it is about removing barriers to success. This is when opportunity management emerges.
Identifying and Mitigating Project Risks.pdfPmaspire
In the realm of project management, risks are inevitable. They have the potential to derail projects and hinder their success. Therefore, it is crucial for project managers to identify and mitigate risks effectively. In this article, we will delve into the process of identifying and mitigating project risks, highlighting key strategies and best practices to minimize their impact on project outcomes.
· How should the risks be prioritized· Who should do the priori.docxalinainglis
· How should the risks be prioritized?
· Who should do the prioritization of the project risks?
· How should project risks be monitored and controlled?
· Who should develop risk responses and contingency plans?
· Who should own these responses and plans?
Introduction
This week, we will explore risk management. Risk management is one of those areas in project management that separates good project managers from great project managers. A good project manager makes risk management an integral part of every phase of project work. Risks are identified, prioritized, and understood. There are clear responsibilities within the team as to whose is responsible for implementing a risk response to reduce the impact should it occur. So let's get started.
What is Risk?
*Risk: An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives.
Risks can be positive, meaning beneficial to the project, or they can be negative, meaning detrimental to the project.
Many students have a difficult time visualizing positive risks. A positive risk is an opportunity that may increase the probability of success, the return on investment, or the benefits of the project. They may also be ways to reduce project costs or ways to complete the project early. There may even be methods to improve project quality or overall performance. These are all examples of positive risks.
A negative risk can be easier to understand. It is the possibility that something will go wrong, a threat to the success of the project. It is important to remember that a risk is a possibility, not a fact. It is a potential problem. At GettaByte Software, there is the potential that a power outage would occur during data transfer. The potential exists that a key resource could become unavailable due to some unforeseen circumstance, like illness. Those are threats to the success of the project.
When buying a house to renovate, there are potential risks with respect to plumbing, wiring, the foundation, and so on.
A project manager needs to consider trying to make positive risks happen while trying to prevent negative ones from occurring. To do this, a project manager can take a proactive approach to risk management. This means he or she plans a risk response should it look as though the risk will become a reality. In this way, everyone knows exactly how to prepare and respond to the risk once it does become an issue.
The Risk Management Process
A project has both good and bad risks, which are referred to as positive and negative risks or opportunities and threats. For positive risks or opportunities, the project manager can choose from a range of risk responses. For threats, a project manager has a similar range of choices. The following, as described in the PMBOK® Guide, are the risk management processes.
Plan Risk Management:
· Risk Strategy
· Defines the general approach to managing risk on the project
· Methodology
· Defines the specific, tools, .
RISK RESPONSE PLANNING
6
Christopher Mihun
RISK MANAGEMENT PLAN – RISK RESPONSE PLANNING
PM650-1801B-01
Professor Al-Nizami
Risk Response
The risks identified are essential in the development of an essential risk response. Risk responses are the different ways and processes for which an organization can effectively use to manage risk. In the construction project, the project managers and stakeholders could have used different responses in the management of the risks. The risk identified and their responses includes:
Risks Identified
Responses
i. Incomplete designs which resulted in poor structural planning and delivery of the project.
Avoidance
ii. Poor stakeholder involvement in the due process and project planning
Contingency
iii. Lack of project leadership from the project manager
Accept
iv. Lack of project progress reports and this hampered the performance appraisals
Reduce
v. Poor Cost Estimates and budgeting
Avoidance
vi. Incomplete designs requirement gathering
Transfer
vii. Failure to keep within the cost estimate.
Exploit
viii. Inability to meet the completion timeline
Contingency
ix. Changes in project scope and requirements.
Accept
x. Project scope and design changes.
Reject
xi. Lack of project change controls and Scope of the project
Reduce
xii. The pressure to deliver projects on an accelerated schedule.
Reject
xiii. Inaccurate contract time estimates.
Exploit
xiv. Lack of communication between project participants.
Reduce
xv. Inadequately defined roles and responsibilities.
Share
xvi. Insufficient skilled staff.
Avoid
xvii. Political risks.
Enhance
xviii. Poor task and roles assigning among the project stakeholders
Reduce
xix. Inexperienced project managers
Share
Application of these Risk Responses
According to the risk responses as shown above, the responses for the opportunities and threats in the risk management. The responses are an opportunity for structural competency and how to effectively manage the risk. The process for risk identification and mitigation can be effectively managed to improve project performance. Therefore, the application for the risk responses can be effectively developed through:
a) Avoidance
Avoidance is a risk response which is essential for the changing the project to meet the expectations of the stakeholders while managing the risk. For instance, the change in the designs could have improved the outcome of the project. The change affects and reduces the ability for an effective risk mitigation and process. Avoidance also helps to change the necessary expectations, planning, and how to fully develop and improve resource allocation to ensure the impact of the risk does not affect the project.
b) Transfer
Transferring the risk is a risk response which is all concerned with the mitigation and management of the risk by transferring it to another aspect and event. For instance, transferring the risk to the project stakeholders could have helped to designing complete and effect ...
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 ...
International Journal of Engineering and Science Invention (IJESI)inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
If a project manager is consumed with managing risk, there is little time to manage opportunities. Good risk management is not about fear of failure, it is about removing barriers to success. This is when opportunity management emerges.
Identifying and Mitigating Project Risks.pdfPmaspire
In the realm of project management, risks are inevitable. They have the potential to derail projects and hinder their success. Therefore, it is crucial for project managers to identify and mitigate risks effectively. In this article, we will delve into the process of identifying and mitigating project risks, highlighting key strategies and best practices to minimize their impact on project outcomes.
· How should the risks be prioritized· Who should do the priori.docxalinainglis
· How should the risks be prioritized?
· Who should do the prioritization of the project risks?
· How should project risks be monitored and controlled?
· Who should develop risk responses and contingency plans?
· Who should own these responses and plans?
Introduction
This week, we will explore risk management. Risk management is one of those areas in project management that separates good project managers from great project managers. A good project manager makes risk management an integral part of every phase of project work. Risks are identified, prioritized, and understood. There are clear responsibilities within the team as to whose is responsible for implementing a risk response to reduce the impact should it occur. So let's get started.
What is Risk?
*Risk: An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives.
Risks can be positive, meaning beneficial to the project, or they can be negative, meaning detrimental to the project.
Many students have a difficult time visualizing positive risks. A positive risk is an opportunity that may increase the probability of success, the return on investment, or the benefits of the project. They may also be ways to reduce project costs or ways to complete the project early. There may even be methods to improve project quality or overall performance. These are all examples of positive risks.
A negative risk can be easier to understand. It is the possibility that something will go wrong, a threat to the success of the project. It is important to remember that a risk is a possibility, not a fact. It is a potential problem. At GettaByte Software, there is the potential that a power outage would occur during data transfer. The potential exists that a key resource could become unavailable due to some unforeseen circumstance, like illness. Those are threats to the success of the project.
When buying a house to renovate, there are potential risks with respect to plumbing, wiring, the foundation, and so on.
A project manager needs to consider trying to make positive risks happen while trying to prevent negative ones from occurring. To do this, a project manager can take a proactive approach to risk management. This means he or she plans a risk response should it look as though the risk will become a reality. In this way, everyone knows exactly how to prepare and respond to the risk once it does become an issue.
The Risk Management Process
A project has both good and bad risks, which are referred to as positive and negative risks or opportunities and threats. For positive risks or opportunities, the project manager can choose from a range of risk responses. For threats, a project manager has a similar range of choices. The following, as described in the PMBOK® Guide, are the risk management processes.
Plan Risk Management:
· Risk Strategy
· Defines the general approach to managing risk on the project
· Methodology
· Defines the specific, tools, .
Running head COMMUNICATION, RISK, AND HUMAN RESOURCES 1 .docxhealdkathaleen
Running head: COMMUNICATION, RISK, AND HUMAN RESOURCES 1
Communication, Risk, and Human Resources 2
Communication, Risk, and Human Resources
Marquita Watkins
PMC6601 | Foundations of Project Management
South University - Online
October 9, 2019
Communication, Risk, and Human Resources
The Communications Plan
Communication plan policy is approach determined to provide stakeholders with information. It is used to determine communication of specific information by incorporating different communication channels. Effective systems of communication desire to evaluate information needed to specific audience. Role of communication planning is to address specific segment of people. Sensitivity of information is influenced by channels of dissemination. Plans define types of channels used by stakeholders to solicit feedback provided by communication (Kerzner, 2017). Planning is essential in changing management by reducing resistance for effective information. Rationale is to create strategies by stakeholders to provide feedback (Carvalho & Rabechini Junior, 2015). Project management includes understanding channels of communication and terms used in accomplishing desired project. Planning is essential in influencing channels used to communicate to immediate stakeholders.
Information Need
The need for information is to determine overall success of project completion. Process of communication is determined by right information to be shared and time. Purpose of information provision is to influence approaches of making decisions to reduce project uncertainty. Existence of rational information is crucial in determining success of the project (Kerzner, 2017). Disseminated information need to be up-to-date and well specialized to required areas. Accuracy of information is influenced by immediate process of making business decisions.
The Messages to Be Communicated
Process and materials used in communication is used remaining essential in making communication channel successful. The purpose is to determine and evaluate rationale of making proper organization decision. These involve understanding available factors to influence success of management.
The Timing and Frequency of Communication
To influence reaction on information communicated frequent methods of communication is necessary. These are influenced by changing organizational trends and expectations of project. Right time to communicate provides proper approach for making decisions when they are most receptive. Planning timing of message are crucial in mitigating risks associated by channels of communication.
The Person Responsible for Communication
Communication and project manager is responsible for conveying required organization messages. These include proper understanding of external and internal factors influencing levels of making decisions. Different factors determine qualities to ensure effective communication approaches. Responsibility of effective communica ...
EFFECTS OF RISK MANAGEMENT METHODS ON PROJECT PERFORMANCE IN RWANDAN CONSTRUC...Sibo Kanyambari Aimable
Risks are very common in construction sector. Risk is the Possibility of suffering loss and the impact on the involved parties. According to APM (2006), all projects are inherently risky because they are unique, constrained, complex, based on assumptions, and performed by people. As a result, project risk management methods must be built into the management of projects and should be used throughout the project lifecycle.
Many construction projects fail because organizations assume that all the projects would succeed and they therefore do not identify, analyze, and provide mitigation or contingencies for the risk elements involved in the project.
Society desires that all projects should be performing and has become less tolerant of failure (Edwards and Bowen, 2005). Pressure is exerted on project managers to minimize the chance of project failure. This increasing pressure for performance which suggests that it is prudent for anyone involved in a project to be concerned about the associated risks and how they can be effectively managed.
Traditionally, performance of a project is analyzed on the criteria of quality, budget and time of completion. Two more criteria to determine the performance of a project were added by Kerzner (2001). Firstly, the project would effectively and efficiently manage risks and, secondly, it should be accepted by the customer.
It is known that the cause of the projects failure can be directly related to the extent of risk management methods undertaken. Besides, the level of risk management methods undertaken during project lifecycle impacts directly on the performance or otherwise of the project. Furthermore, using risk management methods effectively to manage risk should be continuously undertaken throughout the project lifecycle to enhance project performance. Risk management methods are thus an important tool to cope with such substantial risks in projects performance.
The main objective of the enquiry work that underpins this research is to investigate the effect of risk management methods on project performance. In this paper, a case study of RSSB multi-storey already executed project is considered.
Effect or Risk Management Methods on project performance in Rwandan Construct...Sibo Kanyambari Aimable
Risks are very common in construction sector. Risk is the Possibility of suffering loss and the impact on the involved parties. According to APM (2006), all projects are inherently risky because they are unique, constrained, complex, based on assumptions, and performed by people. As a result, project risk management methods must be built into the management of projects and should be used throughout the project lifecycle.
Many construction projects fail because organizations assume that all the projects would succeed and they therefore do not identify, analyze, and provide mitigation or contingencies for the risk elements involved in the project.
Society desires that all projects should be performing and has become less tolerant of failure (Edwards and Bowen, 2005). Pressure is exerted on project managers to minimize the chance of project failure. This increasing pressure for performance which suggests that it is prudent for anyone involved in a project to be concerned about the associated risks and how they can be effectively managed.
Traditionally, performance of a project is analyzed on the criteria of quality, budget and time of completion. Two more criteria to determine the performance of a project were added by Kerzner (2001). Firstly, the project would effectively and efficiently manage risks and, secondly, it should be accepted by the customer.
It is known that the cause of the projects failure can be directly related to the extent of risk management methods undertaken. Besides, the level of risk management methods undertaken during project lifecycle impacts directly on the performance or otherwise of the project. Furthermore, using risk management methods effectively to manage risk should be continuously undertaken throughout the project lifecycle to enhance project performance. Risk management methods are thus an important tool to cope with such substantial risks in projects performance.
The main objective of the enquiry work that underpins this research is to investigate the effect of risk management methods on project performance. In this paper, a case study of RSSB multi-storey already executed project is considered.
With uncertainty comes opportunity. But if a project manager is consumed with managing the risks, there is little time to manage the opportunities. Good risk management is not about fear of failure; it is about removing barriers to success. This is when opportunity management emerges.
Indian EPC companies really needs rise their bar in execution of EPC projects ,there is substantial risk involved in those projects, needs rise the bar in design , procurement ,safety and integrated project management to successful completion of the project.
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 ...
Project risk management involves identifying, assessing, prioritizing, and mitigating issues and events that can derail a project’s timeline, performance, and budget. Projects, such as construction, exploiting new markets, and launching new product lines, inevitably face risks that can jeopardize the achievement of goals. These risks are present in every phase of the project life cycle, including initiation, planning, execution, and monitoring.
UCISA Toolkit - Effective Risk Management for Business Change and IT Projects Mark Ritchie
Risk Management is one of the most important tools available to the Project Manager to help successfully deliver complex projects. Yet, at the same time, Risk Management can be difficult to understand and, if used without insight and expertise, costly and ineffective.
This guidance has been developed to assist staff who are managing or participating in IT and business change projects. It has been developed by the UCISA Project and Change Management Group and is based on best practice guidance provided by PRINCE2 and experience of delivering major IT and business change projects at the University of Sheffield, University of Edinburgh, Lancaster University and Edinburgh Napier University.
The guidance is relevant for projects being managed and delivered using any methodology and is complementary to the UCISA Major Project Governance Assessment Toolkit.
This toolkit was published by the UCISA Project and Change Management Group in December 2015.
Episode 25 : Project Risk Management
Understand what risk is and the importance of good project risk management.
Discuss the elements involved in risk management planning and the contents of a risk management plan.
List common sources of risks in engineering and information technology projects.
Describe the risk identification process, tools, and techniques to help identify project risks, and the main output of risk identification, a risk register.
SAJJAD KHUDHUR ABBAS
Chemical Engineering , Al-Muthanna University, Iraq
Oil & Gas Safety and Health Professional – OSHACADEMY
Trainer of Trainers (TOT) - Canadian Center of Human
Development
1. Project Risk Management (25 Points)You have been tasked to.docxdorishigh
1. Project Risk Management (25 Points)
You have been tasked to manage a facilities construction project for a non-profit organization. Specifically, the organization is undertaking a large project to build a 6000 square foot office and an attached building with 20 hotel style rooms for its beneficiaries (building a shelter). The budget is tight and the organization needs to have these facilities as soon as possible. The project is in the planning stage and you have some requirements documents and funding available. How would you use risk management on this project? Why would you use risk management? What are your most important considerations? What are the steps of your risk management process (use any model you like ie PMP, textbook, DoD etc)? Provide a Risk Breakdown Structure for the project. What risk identification tools would you use on the project? Why?
Assume you are talking to a key stakeholder (donor) about your plan.
1. PROJECT RISK MANAGEENT (40 Points)
Meaning of Risk Management
Risk management is very important part of planning for project, the process of risk management is developed to reduce the risk of certain events happening which are having negative impact on overall project. Risk management is the identification, assessment and prioritization of risk followed by coordinated and economical application of resources to monitor, minimize, and control the probability and impact of negative outcomes.
0. How would you use risk management on this project?
Our proposed project of constructing 6000 square foot office and twenty hotel style rooms is in planning stage; this is a plus point for the management as they can develop detailed risk management activities.
Risk management depends on the understanding of the overall project in other words in order to develop detailed risk management activities the understanding of the project is very important. To use risk management for the project, we will create a detailed risk management plan which is also used to understand the whole project. The contents of risk management plan are as follows:
1. Project Description
· Project objective: to construct 6000 square yard office and 20 rooms building.
· External Dependencies: acquiring construction material, services of architects etc.
· Stakeholder analysis: reaction of local residents, local government regulations, negotiation with donors, requirement of client etc.
1. Risk Management scope and objectives
· Variance threshold: two main constraints in this project is time and funds. Calculated variance should be calculated for these two variables that is how long each activity could be stretched while keeping project feasible. By doing this we can identify the threshold of timing and budget after which project become in viable.
· Prioritization of project objectives: in order to complete the project in time, a schedule of activities required showing activities of project needs priority and others which could be delayed.
1. ...
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
Running head PLANNING FOR HR PROJECT1PLANNING FOR HR PROJEC.docxglendar3
Running head: PLANNING FOR HR PROJECT
1
PLANNING FOR HR PROJECT
5
Planning Considerations for the HR Project
Introduction
A centralized Human Resources model of delivering HR services will be efficient in functions like hiring and firing employees, training, pay and benefits and other functions that may arise. The HR function is changing from the traditional hiring and firing to a more advanced role that ensures business continuity. These roles also include being involved in the organization’s strategic planning as it aligns its talent hiring and firing strategy to the overall vision and direction of the organization. Centralized HR function is able to align its HR plan and strategies and align them with that of the vision and goals of the organization.
Project implementation of the HR project will ensure and cost efficient and consistent model of delivering HR services in the organization through the centralized model of delivering HR services. The project manager will have to define the statement of importance to the project team and define the scope of work for each team member in the project team. The project budget is important as it outlines the resources allocated including monetary allocation for the success of the project. The budget provides estimates approved towards achieving the goals of the project and team members need to understand all the budgetary estimates. The breakdown of the budget by the project manager to the team is important in order to maintain he costs within the approved estimates.
Body
Statement of Importance
The statement of importance is an important document that outlines everything relevant in the project. It is the most important document in the project that outlines and defines the scope of the whole project including timelines and budgetary estimates. The current project will have the following elements in its statement of importance; the purpose which is implementation of a centralized HR model for the organization, the scope, the due dates, the due dates of the project, list of what is due and when it is due, the expected outcomes, all the resources that are needed for the project and the costs including the payments and their deadlines.
The relevance of each task in the statement of importance should be well explained to the team in order to keep everyone involved in the project on the same page. The document is relevant shows all the tasks which the project manager should use in allocating tasks and the milestones that are used to see if the project is going according to plan. The scope shows what is to be done in the project including the process that will be used in completion of the work. It also shows what will be used to complete the tasks including software and any equipment. The schedule in the document is a list of when deliverables should be done including vendors that will be used in completing the project. The phases in the project including development, testing and implementation are .
Running head PLANNING FOR HR PROJECT1PLANNING FOR HR PROJEC.docxtodd581
Running head: PLANNING FOR HR PROJECT
1
PLANNING FOR HR PROJECT
5
Planning Considerations for the HR Project
Introduction
A centralized Human Resources model of delivering HR services will be efficient in functions like hiring and firing employees, training, pay and benefits and other functions that may arise. The HR function is changing from the traditional hiring and firing to a more advanced role that ensures business continuity. These roles also include being involved in the organization’s strategic planning as it aligns its talent hiring and firing strategy to the overall vision and direction of the organization. Centralized HR function is able to align its HR plan and strategies and align them with that of the vision and goals of the organization.
Project implementation of the HR project will ensure and cost efficient and consistent model of delivering HR services in the organization through the centralized model of delivering HR services. The project manager will have to define the statement of importance to the project team and define the scope of work for each team member in the project team. The project budget is important as it outlines the resources allocated including monetary allocation for the success of the project. The budget provides estimates approved towards achieving the goals of the project and team members need to understand all the budgetary estimates. The breakdown of the budget by the project manager to the team is important in order to maintain he costs within the approved estimates.
Body
Statement of Importance
The statement of importance is an important document that outlines everything relevant in the project. It is the most important document in the project that outlines and defines the scope of the whole project including timelines and budgetary estimates. The current project will have the following elements in its statement of importance; the purpose which is implementation of a centralized HR model for the organization, the scope, the due dates, the due dates of the project, list of what is due and when it is due, the expected outcomes, all the resources that are needed for the project and the costs including the payments and their deadlines.
The relevance of each task in the statement of importance should be well explained to the team in order to keep everyone involved in the project on the same page. The document is relevant shows all the tasks which the project manager should use in allocating tasks and the milestones that are used to see if the project is going according to plan. The scope shows what is to be done in the project including the process that will be used in completion of the work. It also shows what will be used to complete the tasks including software and any equipment. The schedule in the document is a list of when deliverables should be done including vendors that will be used in completing the project. The phases in the project including development, testing and implementation are .
Running head PLANNING FOR HR PROJECT1PLANNING FOR HR PROJEC.docxjeanettehully
Running head: PLANNING FOR HR PROJECT
1
PLANNING FOR HR PROJECT
5
Planning Considerations for the HR Project
Introduction
A centralized Human Resources model of delivering HR services will be efficient in functions like hiring and firing employees, training, pay and benefits and other functions that may arise. The HR function is changing from the traditional hiring and firing to a more advanced role that ensures business continuity. These roles also include being involved in the organization’s strategic planning as it aligns its talent hiring and firing strategy to the overall vision and direction of the organization. Centralized HR function is able to align its HR plan and strategies and align them with that of the vision and goals of the organization.
Project implementation of the HR project will ensure and cost efficient and consistent model of delivering HR services in the organization through the centralized model of delivering HR services. The project manager will have to define the statement of importance to the project team and define the scope of work for each team member in the project team. The project budget is important as it outlines the resources allocated including monetary allocation for the success of the project. The budget provides estimates approved towards achieving the goals of the project and team members need to understand all the budgetary estimates. The breakdown of the budget by the project manager to the team is important in order to maintain he costs within the approved estimates.
Body
Statement of Importance
The statement of importance is an important document that outlines everything relevant in the project. It is the most important document in the project that outlines and defines the scope of the whole project including timelines and budgetary estimates. The current project will have the following elements in its statement of importance; the purpose which is implementation of a centralized HR model for the organization, the scope, the due dates, the due dates of the project, list of what is due and when it is due, the expected outcomes, all the resources that are needed for the project and the costs including the payments and their deadlines.
The relevance of each task in the statement of importance should be well explained to the team in order to keep everyone involved in the project on the same page. The document is relevant shows all the tasks which the project manager should use in allocating tasks and the milestones that are used to see if the project is going according to plan. The scope shows what is to be done in the project including the process that will be used in completion of the work. It also shows what will be used to complete the tasks including software and any equipment. The schedule in the document is a list of when deliverables should be done including vendors that will be used in completing the project. The phases in the project including development, testing and implementation are ...
Scheduling and Cost ControlChristopher MihunPM620-1801B-01.docxanhlodge
Scheduling and Cost Control
Christopher Mihun
PM620-1801B-01
Professor Borodin
Introduction
Project differ from one organization to another.
There are periods when an organization uses a project for special functions.
There are those which use projects as part of an integrated business platform and architecture.
Therefore, for a successful implementation of a project:
Human resources
Equipment and materials
Financial resources and facilities
2
Why are scheduling and cost control important for project success?
These are a closely related concept for project management.
The importance of scheduling and cost control include:
Efficiency in project management (Kerzner, 2015).
Profitability through ensuring good resources allocation and utilization
Satisfying consumer needs and meeting delivery timelines (Rosli, Haziq, 2017).
They are core aspect of project planning to meet project costs.
Scheduling and cost control are essential for project success.
Based on Rosli, Haziq (2017), project budgeting helps in determining the necessary and needed resources to effectively manage a project. It is important to consider the process and affiliation in consideration to performance issues and resources. It is also important to effectively improve and coordinate the different processes of budgeting such as constraints of costs to a project. Rosli, Haziq (2017), further argues the process of managing cost and budgets will either influence the success and failure of a project. Therefore, for a successful project, a timely performance of a project team will determine the ability to meet the set timelines and quantifiably improve and meet the necessary demands of a project. All these imply to the concept of a project success measurement in terms delivery of the needed and necessary deliverables. Covering all the necessary deliverables at the right time and within the needed framework, helps to improve and meet the necessary demands of the project stakeholders.
It is also important to understand the necessary project lifecycles and how each lifecycle impacts a project development differently. Therefore, it is important for project managers to understand the process of project management and how to effectively develop the necessary process implementation to ensure successful implementation of a project. As a manager, one should always possess good communication skills to improve and increase communication plans for the project team and overall communication with the stakeholders. Good communication plans will help the project team to identify the necessary project goals, deliverables, timelines, and resource allocation, keep track of project changes and project progress. The importance of project scheduling is to ensure there is a control for project success and meeting the needed successful projections based on evaluations and plans. It is also ideally a complete concept to ensure there is a considerable performance to help, develop and increase.
The material for this moduleweek has led us from Europe, through fi.docxSUBHI7
The material for this module/week has led us from Europe, through first contacts, to the establishment of a solid English presence in the Americas. After reading and thinking about the Reading & Study materials for this module/week, what strikes you most about the founding of the American colonies? Did anything surprise you? Did your reading challenge your ideas or visions about colonial America?
.
The media informs many viewers of deviance and crime, victims of cri.docxSUBHI7
The media informs many viewers of deviance and crime, victims of crime, and justice in society. Consider and describe the following:
Where do you get your information about:
Deviant behavior
Crime
Victims of crime
Justice for victims
Describe your perception of
Deviant behavior
What behavior is deviant according to your values?
Crime
What do you believe is the root or cause of crime?
What types of crimes do you believe happen most?
Who do you believe commits crime?
Victims of crime
Who do you believe is likely to be a victim?
Have you ever been fearful of a crime occurring to you or your family?
What do you believe about victims that you hear about?
Justice for victims
How do you see justice handled in our society?
What form of punishment do you see as being effective or ineffective?
Did you learn anything specific from the textbook that has changed your perception? What did you learn and which perception did it change?
Write a 500 or more word paper that addresses the above questions.
.
More Related Content
Similar to RISK RESPONSIBILITY PLAN 1Christopher MihunM.docx
Running head COMMUNICATION, RISK, AND HUMAN RESOURCES 1 .docxhealdkathaleen
Running head: COMMUNICATION, RISK, AND HUMAN RESOURCES 1
Communication, Risk, and Human Resources 2
Communication, Risk, and Human Resources
Marquita Watkins
PMC6601 | Foundations of Project Management
South University - Online
October 9, 2019
Communication, Risk, and Human Resources
The Communications Plan
Communication plan policy is approach determined to provide stakeholders with information. It is used to determine communication of specific information by incorporating different communication channels. Effective systems of communication desire to evaluate information needed to specific audience. Role of communication planning is to address specific segment of people. Sensitivity of information is influenced by channels of dissemination. Plans define types of channels used by stakeholders to solicit feedback provided by communication (Kerzner, 2017). Planning is essential in changing management by reducing resistance for effective information. Rationale is to create strategies by stakeholders to provide feedback (Carvalho & Rabechini Junior, 2015). Project management includes understanding channels of communication and terms used in accomplishing desired project. Planning is essential in influencing channels used to communicate to immediate stakeholders.
Information Need
The need for information is to determine overall success of project completion. Process of communication is determined by right information to be shared and time. Purpose of information provision is to influence approaches of making decisions to reduce project uncertainty. Existence of rational information is crucial in determining success of the project (Kerzner, 2017). Disseminated information need to be up-to-date and well specialized to required areas. Accuracy of information is influenced by immediate process of making business decisions.
The Messages to Be Communicated
Process and materials used in communication is used remaining essential in making communication channel successful. The purpose is to determine and evaluate rationale of making proper organization decision. These involve understanding available factors to influence success of management.
The Timing and Frequency of Communication
To influence reaction on information communicated frequent methods of communication is necessary. These are influenced by changing organizational trends and expectations of project. Right time to communicate provides proper approach for making decisions when they are most receptive. Planning timing of message are crucial in mitigating risks associated by channels of communication.
The Person Responsible for Communication
Communication and project manager is responsible for conveying required organization messages. These include proper understanding of external and internal factors influencing levels of making decisions. Different factors determine qualities to ensure effective communication approaches. Responsibility of effective communica ...
EFFECTS OF RISK MANAGEMENT METHODS ON PROJECT PERFORMANCE IN RWANDAN CONSTRUC...Sibo Kanyambari Aimable
Risks are very common in construction sector. Risk is the Possibility of suffering loss and the impact on the involved parties. According to APM (2006), all projects are inherently risky because they are unique, constrained, complex, based on assumptions, and performed by people. As a result, project risk management methods must be built into the management of projects and should be used throughout the project lifecycle.
Many construction projects fail because organizations assume that all the projects would succeed and they therefore do not identify, analyze, and provide mitigation or contingencies for the risk elements involved in the project.
Society desires that all projects should be performing and has become less tolerant of failure (Edwards and Bowen, 2005). Pressure is exerted on project managers to minimize the chance of project failure. This increasing pressure for performance which suggests that it is prudent for anyone involved in a project to be concerned about the associated risks and how they can be effectively managed.
Traditionally, performance of a project is analyzed on the criteria of quality, budget and time of completion. Two more criteria to determine the performance of a project were added by Kerzner (2001). Firstly, the project would effectively and efficiently manage risks and, secondly, it should be accepted by the customer.
It is known that the cause of the projects failure can be directly related to the extent of risk management methods undertaken. Besides, the level of risk management methods undertaken during project lifecycle impacts directly on the performance or otherwise of the project. Furthermore, using risk management methods effectively to manage risk should be continuously undertaken throughout the project lifecycle to enhance project performance. Risk management methods are thus an important tool to cope with such substantial risks in projects performance.
The main objective of the enquiry work that underpins this research is to investigate the effect of risk management methods on project performance. In this paper, a case study of RSSB multi-storey already executed project is considered.
Effect or Risk Management Methods on project performance in Rwandan Construct...Sibo Kanyambari Aimable
Risks are very common in construction sector. Risk is the Possibility of suffering loss and the impact on the involved parties. According to APM (2006), all projects are inherently risky because they are unique, constrained, complex, based on assumptions, and performed by people. As a result, project risk management methods must be built into the management of projects and should be used throughout the project lifecycle.
Many construction projects fail because organizations assume that all the projects would succeed and they therefore do not identify, analyze, and provide mitigation or contingencies for the risk elements involved in the project.
Society desires that all projects should be performing and has become less tolerant of failure (Edwards and Bowen, 2005). Pressure is exerted on project managers to minimize the chance of project failure. This increasing pressure for performance which suggests that it is prudent for anyone involved in a project to be concerned about the associated risks and how they can be effectively managed.
Traditionally, performance of a project is analyzed on the criteria of quality, budget and time of completion. Two more criteria to determine the performance of a project were added by Kerzner (2001). Firstly, the project would effectively and efficiently manage risks and, secondly, it should be accepted by the customer.
It is known that the cause of the projects failure can be directly related to the extent of risk management methods undertaken. Besides, the level of risk management methods undertaken during project lifecycle impacts directly on the performance or otherwise of the project. Furthermore, using risk management methods effectively to manage risk should be continuously undertaken throughout the project lifecycle to enhance project performance. Risk management methods are thus an important tool to cope with such substantial risks in projects performance.
The main objective of the enquiry work that underpins this research is to investigate the effect of risk management methods on project performance. In this paper, a case study of RSSB multi-storey already executed project is considered.
With uncertainty comes opportunity. But if a project manager is consumed with managing the risks, there is little time to manage the opportunities. Good risk management is not about fear of failure; it is about removing barriers to success. This is when opportunity management emerges.
Indian EPC companies really needs rise their bar in execution of EPC projects ,there is substantial risk involved in those projects, needs rise the bar in design , procurement ,safety and integrated project management to successful completion of the project.
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 ...
Project risk management involves identifying, assessing, prioritizing, and mitigating issues and events that can derail a project’s timeline, performance, and budget. Projects, such as construction, exploiting new markets, and launching new product lines, inevitably face risks that can jeopardize the achievement of goals. These risks are present in every phase of the project life cycle, including initiation, planning, execution, and monitoring.
UCISA Toolkit - Effective Risk Management for Business Change and IT Projects Mark Ritchie
Risk Management is one of the most important tools available to the Project Manager to help successfully deliver complex projects. Yet, at the same time, Risk Management can be difficult to understand and, if used without insight and expertise, costly and ineffective.
This guidance has been developed to assist staff who are managing or participating in IT and business change projects. It has been developed by the UCISA Project and Change Management Group and is based on best practice guidance provided by PRINCE2 and experience of delivering major IT and business change projects at the University of Sheffield, University of Edinburgh, Lancaster University and Edinburgh Napier University.
The guidance is relevant for projects being managed and delivered using any methodology and is complementary to the UCISA Major Project Governance Assessment Toolkit.
This toolkit was published by the UCISA Project and Change Management Group in December 2015.
Episode 25 : Project Risk Management
Understand what risk is and the importance of good project risk management.
Discuss the elements involved in risk management planning and the contents of a risk management plan.
List common sources of risks in engineering and information technology projects.
Describe the risk identification process, tools, and techniques to help identify project risks, and the main output of risk identification, a risk register.
SAJJAD KHUDHUR ABBAS
Chemical Engineering , Al-Muthanna University, Iraq
Oil & Gas Safety and Health Professional – OSHACADEMY
Trainer of Trainers (TOT) - Canadian Center of Human
Development
1. Project Risk Management (25 Points)You have been tasked to.docxdorishigh
1. Project Risk Management (25 Points)
You have been tasked to manage a facilities construction project for a non-profit organization. Specifically, the organization is undertaking a large project to build a 6000 square foot office and an attached building with 20 hotel style rooms for its beneficiaries (building a shelter). The budget is tight and the organization needs to have these facilities as soon as possible. The project is in the planning stage and you have some requirements documents and funding available. How would you use risk management on this project? Why would you use risk management? What are your most important considerations? What are the steps of your risk management process (use any model you like ie PMP, textbook, DoD etc)? Provide a Risk Breakdown Structure for the project. What risk identification tools would you use on the project? Why?
Assume you are talking to a key stakeholder (donor) about your plan.
1. PROJECT RISK MANAGEENT (40 Points)
Meaning of Risk Management
Risk management is very important part of planning for project, the process of risk management is developed to reduce the risk of certain events happening which are having negative impact on overall project. Risk management is the identification, assessment and prioritization of risk followed by coordinated and economical application of resources to monitor, minimize, and control the probability and impact of negative outcomes.
0. How would you use risk management on this project?
Our proposed project of constructing 6000 square foot office and twenty hotel style rooms is in planning stage; this is a plus point for the management as they can develop detailed risk management activities.
Risk management depends on the understanding of the overall project in other words in order to develop detailed risk management activities the understanding of the project is very important. To use risk management for the project, we will create a detailed risk management plan which is also used to understand the whole project. The contents of risk management plan are as follows:
1. Project Description
· Project objective: to construct 6000 square yard office and 20 rooms building.
· External Dependencies: acquiring construction material, services of architects etc.
· Stakeholder analysis: reaction of local residents, local government regulations, negotiation with donors, requirement of client etc.
1. Risk Management scope and objectives
· Variance threshold: two main constraints in this project is time and funds. Calculated variance should be calculated for these two variables that is how long each activity could be stretched while keeping project feasible. By doing this we can identify the threshold of timing and budget after which project become in viable.
· Prioritization of project objectives: in order to complete the project in time, a schedule of activities required showing activities of project needs priority and others which could be delayed.
1. ...
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
Running head PLANNING FOR HR PROJECT1PLANNING FOR HR PROJEC.docxglendar3
Running head: PLANNING FOR HR PROJECT
1
PLANNING FOR HR PROJECT
5
Planning Considerations for the HR Project
Introduction
A centralized Human Resources model of delivering HR services will be efficient in functions like hiring and firing employees, training, pay and benefits and other functions that may arise. The HR function is changing from the traditional hiring and firing to a more advanced role that ensures business continuity. These roles also include being involved in the organization’s strategic planning as it aligns its talent hiring and firing strategy to the overall vision and direction of the organization. Centralized HR function is able to align its HR plan and strategies and align them with that of the vision and goals of the organization.
Project implementation of the HR project will ensure and cost efficient and consistent model of delivering HR services in the organization through the centralized model of delivering HR services. The project manager will have to define the statement of importance to the project team and define the scope of work for each team member in the project team. The project budget is important as it outlines the resources allocated including monetary allocation for the success of the project. The budget provides estimates approved towards achieving the goals of the project and team members need to understand all the budgetary estimates. The breakdown of the budget by the project manager to the team is important in order to maintain he costs within the approved estimates.
Body
Statement of Importance
The statement of importance is an important document that outlines everything relevant in the project. It is the most important document in the project that outlines and defines the scope of the whole project including timelines and budgetary estimates. The current project will have the following elements in its statement of importance; the purpose which is implementation of a centralized HR model for the organization, the scope, the due dates, the due dates of the project, list of what is due and when it is due, the expected outcomes, all the resources that are needed for the project and the costs including the payments and their deadlines.
The relevance of each task in the statement of importance should be well explained to the team in order to keep everyone involved in the project on the same page. The document is relevant shows all the tasks which the project manager should use in allocating tasks and the milestones that are used to see if the project is going according to plan. The scope shows what is to be done in the project including the process that will be used in completion of the work. It also shows what will be used to complete the tasks including software and any equipment. The schedule in the document is a list of when deliverables should be done including vendors that will be used in completing the project. The phases in the project including development, testing and implementation are .
Running head PLANNING FOR HR PROJECT1PLANNING FOR HR PROJEC.docxtodd581
Running head: PLANNING FOR HR PROJECT
1
PLANNING FOR HR PROJECT
5
Planning Considerations for the HR Project
Introduction
A centralized Human Resources model of delivering HR services will be efficient in functions like hiring and firing employees, training, pay and benefits and other functions that may arise. The HR function is changing from the traditional hiring and firing to a more advanced role that ensures business continuity. These roles also include being involved in the organization’s strategic planning as it aligns its talent hiring and firing strategy to the overall vision and direction of the organization. Centralized HR function is able to align its HR plan and strategies and align them with that of the vision and goals of the organization.
Project implementation of the HR project will ensure and cost efficient and consistent model of delivering HR services in the organization through the centralized model of delivering HR services. The project manager will have to define the statement of importance to the project team and define the scope of work for each team member in the project team. The project budget is important as it outlines the resources allocated including monetary allocation for the success of the project. The budget provides estimates approved towards achieving the goals of the project and team members need to understand all the budgetary estimates. The breakdown of the budget by the project manager to the team is important in order to maintain he costs within the approved estimates.
Body
Statement of Importance
The statement of importance is an important document that outlines everything relevant in the project. It is the most important document in the project that outlines and defines the scope of the whole project including timelines and budgetary estimates. The current project will have the following elements in its statement of importance; the purpose which is implementation of a centralized HR model for the organization, the scope, the due dates, the due dates of the project, list of what is due and when it is due, the expected outcomes, all the resources that are needed for the project and the costs including the payments and their deadlines.
The relevance of each task in the statement of importance should be well explained to the team in order to keep everyone involved in the project on the same page. The document is relevant shows all the tasks which the project manager should use in allocating tasks and the milestones that are used to see if the project is going according to plan. The scope shows what is to be done in the project including the process that will be used in completion of the work. It also shows what will be used to complete the tasks including software and any equipment. The schedule in the document is a list of when deliverables should be done including vendors that will be used in completing the project. The phases in the project including development, testing and implementation are .
Running head PLANNING FOR HR PROJECT1PLANNING FOR HR PROJEC.docxjeanettehully
Running head: PLANNING FOR HR PROJECT
1
PLANNING FOR HR PROJECT
5
Planning Considerations for the HR Project
Introduction
A centralized Human Resources model of delivering HR services will be efficient in functions like hiring and firing employees, training, pay and benefits and other functions that may arise. The HR function is changing from the traditional hiring and firing to a more advanced role that ensures business continuity. These roles also include being involved in the organization’s strategic planning as it aligns its talent hiring and firing strategy to the overall vision and direction of the organization. Centralized HR function is able to align its HR plan and strategies and align them with that of the vision and goals of the organization.
Project implementation of the HR project will ensure and cost efficient and consistent model of delivering HR services in the organization through the centralized model of delivering HR services. The project manager will have to define the statement of importance to the project team and define the scope of work for each team member in the project team. The project budget is important as it outlines the resources allocated including monetary allocation for the success of the project. The budget provides estimates approved towards achieving the goals of the project and team members need to understand all the budgetary estimates. The breakdown of the budget by the project manager to the team is important in order to maintain he costs within the approved estimates.
Body
Statement of Importance
The statement of importance is an important document that outlines everything relevant in the project. It is the most important document in the project that outlines and defines the scope of the whole project including timelines and budgetary estimates. The current project will have the following elements in its statement of importance; the purpose which is implementation of a centralized HR model for the organization, the scope, the due dates, the due dates of the project, list of what is due and when it is due, the expected outcomes, all the resources that are needed for the project and the costs including the payments and their deadlines.
The relevance of each task in the statement of importance should be well explained to the team in order to keep everyone involved in the project on the same page. The document is relevant shows all the tasks which the project manager should use in allocating tasks and the milestones that are used to see if the project is going according to plan. The scope shows what is to be done in the project including the process that will be used in completion of the work. It also shows what will be used to complete the tasks including software and any equipment. The schedule in the document is a list of when deliverables should be done including vendors that will be used in completing the project. The phases in the project including development, testing and implementation are ...
Scheduling and Cost ControlChristopher MihunPM620-1801B-01.docxanhlodge
Scheduling and Cost Control
Christopher Mihun
PM620-1801B-01
Professor Borodin
Introduction
Project differ from one organization to another.
There are periods when an organization uses a project for special functions.
There are those which use projects as part of an integrated business platform and architecture.
Therefore, for a successful implementation of a project:
Human resources
Equipment and materials
Financial resources and facilities
2
Why are scheduling and cost control important for project success?
These are a closely related concept for project management.
The importance of scheduling and cost control include:
Efficiency in project management (Kerzner, 2015).
Profitability through ensuring good resources allocation and utilization
Satisfying consumer needs and meeting delivery timelines (Rosli, Haziq, 2017).
They are core aspect of project planning to meet project costs.
Scheduling and cost control are essential for project success.
Based on Rosli, Haziq (2017), project budgeting helps in determining the necessary and needed resources to effectively manage a project. It is important to consider the process and affiliation in consideration to performance issues and resources. It is also important to effectively improve and coordinate the different processes of budgeting such as constraints of costs to a project. Rosli, Haziq (2017), further argues the process of managing cost and budgets will either influence the success and failure of a project. Therefore, for a successful project, a timely performance of a project team will determine the ability to meet the set timelines and quantifiably improve and meet the necessary demands of a project. All these imply to the concept of a project success measurement in terms delivery of the needed and necessary deliverables. Covering all the necessary deliverables at the right time and within the needed framework, helps to improve and meet the necessary demands of the project stakeholders.
It is also important to understand the necessary project lifecycles and how each lifecycle impacts a project development differently. Therefore, it is important for project managers to understand the process of project management and how to effectively develop the necessary process implementation to ensure successful implementation of a project. As a manager, one should always possess good communication skills to improve and increase communication plans for the project team and overall communication with the stakeholders. Good communication plans will help the project team to identify the necessary project goals, deliverables, timelines, and resource allocation, keep track of project changes and project progress. The importance of project scheduling is to ensure there is a control for project success and meeting the needed successful projections based on evaluations and plans. It is also ideally a complete concept to ensure there is a considerable performance to help, develop and increase.
The material for this moduleweek has led us from Europe, through fi.docxSUBHI7
The material for this module/week has led us from Europe, through first contacts, to the establishment of a solid English presence in the Americas. After reading and thinking about the Reading & Study materials for this module/week, what strikes you most about the founding of the American colonies? Did anything surprise you? Did your reading challenge your ideas or visions about colonial America?
.
The media informs many viewers of deviance and crime, victims of cri.docxSUBHI7
The media informs many viewers of deviance and crime, victims of crime, and justice in society. Consider and describe the following:
Where do you get your information about:
Deviant behavior
Crime
Victims of crime
Justice for victims
Describe your perception of
Deviant behavior
What behavior is deviant according to your values?
Crime
What do you believe is the root or cause of crime?
What types of crimes do you believe happen most?
Who do you believe commits crime?
Victims of crime
Who do you believe is likely to be a victim?
Have you ever been fearful of a crime occurring to you or your family?
What do you believe about victims that you hear about?
Justice for victims
How do you see justice handled in our society?
What form of punishment do you see as being effective or ineffective?
Did you learn anything specific from the textbook that has changed your perception? What did you learn and which perception did it change?
Write a 500 or more word paper that addresses the above questions.
.
The midterm is already late. I would like to submit ASAP.Illust.docxSUBHI7
The midterm is already late. I would like to submit ASAP.
Illustrate common and unique features of localization vs standardization using a Venn Diagram or similar chart, be sure that the chart or graph shows specific examples.
Compare the human resources philosophy of two companies from the same industry. Comparison should include their similarities, differences and at least one item that gives that company a competitive advantage.
Relate how behavioral norms, attitudes and values define a country’s culture.
Culture can be defined as accepted norms, attitude, value, or traditional behavior within an organization or group.
Examine and provide a detailed example of norm of reciprocity in a multinational company.
Elaborate on the impact of communication in a MNC. Create a detailed example of good communication and a detailed example of a time that communication was not good.
Good communication is vital in any business and more prevalent in a MNC.
There are a few generations that are currently in workplace.
In order to effective
Without effective communication
.
The major assignment for this week is to compose a 900-word essay co.docxSUBHI7
The major assignment for this week is to compose a 900-word essay comparing
The Odyssey
with either
The Song of Roland
or Dante’s
Inferno
. In this paper you will write an in-depth analysis using your own ideas and excerpts from the epic poems in the form of quotes, paraphrase, or summary.
Although nearly two thousand years separate
The Odyssey
and Dante’s
Inferno
, both works are epic poems that:
Explore the relationship between humanity and the divine.
Employ journey as a metaphor for maturation.
Reveal and teach cultural values about leadership.
Caution audiences about the appeal of temptation.
Contemplate the nature of immortality.
Compare and contrast how one of these topics is developed in
The Odyssey
and Dante’s
Inferno
. Be sure to contextualize your examination in the cultural values, philosophies, literary movements, and ideas that typify each work. Use literary perspectives to enrich your analysis.
.
The minimum length for this assignment is 1,200 wordsMust use APA .docxSUBHI7
The minimum length for this assignment is 1,200 words
Must use APA format
Eukaryotic cells are the most structurally advanced of the major cell types. Describe the structure and function of each of the eukaryotic organelles. Distinguish between those that are and are not membranous. Most are membranous. Explain the importance of membrane structure and function in the organization of living processes within cells.
.
The Military•Select three characteristics of the early America.docxSUBHI7
The Military
•Select three characteristics of the early American militias.
•Compare these with three characteristics of the current American military.
•How are they similar?
How are they different?
The initial post should be 75 to 150 words, but may go longer depending on the topic. If you use any source outside of your own thoughts, you should reference that source. Include solid grammar, punctuation, sentence structure, and spelling.
.
The minimum length for this assignment is 2,000 wordsDiscoveries.docxSUBHI7
The minimum length for this assignment is 2,000 words
Discoveries in DNA, cell biology, evolution, biotechnology have been among the major achievements in biology over the past 200 years with accelerated discoveries and insights over the last 50 years. Consider the progress we have made in these areas of human knowledge. Present at least three of the discoveries you find to be most important and describe their significance to society, health, and the culture of modern life.
.
The Mini Project Task Instructions Read about validity and reliab.docxSUBHI7
The Mini Project Task
Instructions: Read about validity and reliability starting on page 324 of the textbook.
Your assignment is to create a 5-page paper addressing the following questions:
a. What is the difference between reliability and validity? Which is more important? Why?
b. What are the different ways of assessing reliability?
c. What are the different ways of assessing validity?
d. What are the different ways of obtaining validity evidence?
The analysis requires the additional components:
APA formatted paper including:
o Font: Times New Roman, 12 point, and double spaced.
o Margins: One inch margins, all around.
o Indents: One-half inch indent as to begin a paragraph.
o Proper APA citations and references.
o Proper use of Level 1 headings as to label the
introduction, main body,
and
conclusions
segments.
o Proper use of Level 2 headings as to label the sections within the
main body
and
conclusions
.
o A proper title page.
o A reference page utilizing hanging indents and alphabetized by the last name of the first author.
Free of spelling errors and minimal use of passive voice.
Page 324
In general, reliabilities less than 0.60 are considered to be poor, those in the 0.70 range, acceptable, and those over 0.80 good. Thus, the internal consistency reliability of the measures used in this study can be considered to be acceptable for the job enrichment measure and good for the other measures.
It is important to note that all the negatively worded items in the questionnaire should first be reversed before the items are submitted for reliability tests. Unless all the items measuring a variable are in the same direction, the reliabilities obtained will be incorrect.
A sample of the result obtained for the Cronbach’s alpha test for job enrichment, together with instructions on how it is obtained, is shown in Output 11.3.
The reliability of the job enrichment measure is presented in the first table in Output 11.3. The second table provides an overview of the alphas if we take one of the items out of the measure. For instance, it is shown that if the first item (Jobchar1) is taken out, Cronbach’s alpha of the new three-item measure will be 0.577. This means that the alpha will go down if we take item 1 out of our measure. On the other hand, if we take out item 3, our alpha will go up and become 0.851. Note that, in this case, we would not take out item 3 for two reasons. First, our alpha is above 0.7 so we do not have to take any remedial actions. Second, if we took item 3 out, the validity of our measure would probably decrease. We did not include item 3 for nothing in the original measure!
If, however, our Cronbach’s alpha was too low (under 0.60) then we could use this table to find out which of the items would have to be removed from our measure to increase the interitem consistency. Note that, usually, taking out an item, although improving the reliability of our measure, affects the validity of our measure .
The Mexican ceramics folk-art firm signs a contract for the Mexican .docxSUBHI7
The Mexican ceramics folk-art firm signs a contract for the Mexican firm to deliver 1500 pieces of artwork to an Italian firm within the next 120 days. The contract is denominated in pesos. During this time the Mexican peso strengthens against the euro. What is the net profitability effect on the Mexican firm? What international market concept is demonstrated in this example? Discuss the risks associated with changing exchange rates and international commerce and provide a scenario demonstrating these risks.
.
The maximum size of the Layer 2 frame has become a source of ineffic.docxSUBHI7
The maximum size of the Layer 2 frame has become a source of inefficiency in terms of modern wide area network (WAN) speeds, which have increased some 400 times over those prevailing when Transmission Control Protocol/Internet Protocol (TCP/IP) was first introduced as a protocol. One solution to this problem is known as
WAN acceleration
, which uses oversized frames at Layer 2 to increase network throughput.
Discuss available WAN acceleration solutions, and provide a short description of how such solutions are implemented through alteration of the Layer 2 frame format.
.
The menu structure for Holiday Travel Vehicles existing character-b.docxSUBHI7
The menu structure for Holiday Travel Vehicle"s existing character-based system is shown here....
Interface x 904
Function x 9541
user interface x 297
Functions x 1487
The menu structure for Holiday Travel Vehicle’s existing character-based system is shown here. Develop and prototype a new interface design for the system’s functions, using a graphical user interface. Assume that the new system will need to include the same functions as those shown in the menus provided. Include any messages that will be produced as a user interacts with your interface (error, confirmation, status, etc.). Also, prepare a written summary that describes how your interface implements the principles of good interface design as presented in the textbook.
.
The marks are the actual grades which I got in the exam. So, if .docxSUBHI7
The marks are the actual grades which I got in the exam.
So, if any body wants me to do this work for him, kindly message me. Thanks
Question 1
10 out of 10 points
A business that selects a differentiation strategy would ________.
Question 2
10 out of 10 points
________ information is information that directly pertains both to the context and to the subject.
Question 3
10 out of 10 points
In a database, a table, which is a group of similar rows, is also called a ________.
Question 4
10 out of 10 points
The ________ group's purpose is to protect information assets by establishing standards and management practices and policies.
Question 5
10 out of 10 points
________ is a suite of software applications that consolidates existing systems by providing layers of software that connect applications together.
Question 6
10 out of 10 points
Normal processing procedures for system users are ________.
Question 7
10 out of 10 points
Which of the following is an open-source operating system?
Question 8
10 out of 10 points
Which of the following uses an individual's personal physical characteristics such as fingerprints, facial features, and retinal scans for verification purposes?
Question 9
10 out of 10 points
________ is the dynamic social media process of employing users to participate in product design or product redesign.
Question 10
10 out of 10 points
Each stage of the value chain not only adds value to the product but also ________.
Question 11
10 out of 10 points
One of the important functions of a DBMS is to provide the necessary tools for ________.
Question 12
10 out of 10 points
Which of the following is true of a VPN (virtual private network)?
Question 13
10 out of 10 points
Which of the following departments in an organization is supported by information systems applications such as recruitment and compensation?
Question 14
10 out of 10 points
Which of the following statements is true about cloud services?
Question 15
10 out of 10 points
The first phase in the customer life cycle involves ________.
Question 16
10 out of 10 points
Which of the following is a technical safeguard against security threats?
Question 17
10 out of 10 points
An internal information system built using Web services ________.
Question 18
10 out of 10 points
The two strength factors that relate to all three competitive forces are ________ and customer loyalty.
Question 19
10 out of 10 points
Which of the following is true of Web services?
Question 20
10 out of 10 points
With HTTPS, data are encrypted using a protocol called the ________.
Question 21
10 out of 10 points
Why is it important for business professionals to take an active role in developing and managing information systems?
Question 22
0 out of 10 points
Which of the following is a major problem posed by multi-user processing of a database?
Question 23
10 out of 10 points
Which of the following elements of a datab.
the main discussion will be Schwarzenegger and fitness,talk about ho.docxSUBHI7
the main discussion will be Schwarzenegger and fitness,talk about how does he affect the fitness area. Why is he so famous, add some person views and create you own title. Mainly discuss about fitness
topic
the main discussion will be Schwarzenegger and fitness,talk about how does he affect the fitness area. Why is he so famous, add some person views and create you own title. Mainly discuss about fitness
Formal Essay #3: Reporting Information/The Expository Essay
Expository writing is a staple of academic writing. Throughout your academic and professional career, you will be called on to write hundreds of expository articles, reports and essays. A thorough knowledge of this writing form will hold you in good stead all through your career.
What is Expository Writing?
‘Expository’ is a synonym of ‘explanatory’. An expository essay is a piece of writing that explains or informs. It should be based on fact and free of the writer’s prejudices. Opinion is often expressed, but only if it is backed by fact. For example, if someone asked you to write an essay on the causes of World War II, you would write about Germany’s losses in World War I, the Treaty of Versailles, the fall of the Weimar Republic, and the rise of Hitler led Nazism. In other words, everything would be based on verifiable fact.
The expository writing process centers on four activities:
Generate a rough idea or hypothesis.
Find evidence to back up this idea.
Expound on the idea.
Present an argument to back up the idea.
Thus, if you were to say that the Treaty of Versailles was the chief cause of World War II, you would first talk about the conditions of the Treaty of Versailles, the financial condition of Germany after WWI, the ineffectiveness of the Weimar Republic, and how they all led to the rise of Nazism.
Structurally, a piece of expository writing has the following components:
An
introduction
that introduces the central idea you will discuss in the essay.
The
main body
that presents evidence to back up the idea. This is the meat of the essay.
A
conclusion
that presents your idea again in the light of the evidence.
Thus, the central thrust of expository writing should be to build towards proving an argument, fact by fact, piece of evidence by piece of evidence. You will use expository writing a lot throughout your academic life. Most essays that you write in college will be expository in nature. Most writing that you will do in your professional life will involve a lot of expository content as well. In other words, sharpening up this skill will serve you well throughout your life.
Required Essay Format:
All response papers must be typed, double-spaced, and stapled. Font size should be 12 point Times New Roman font.
***AT MINIMUM, YOUR WORKS CITED PAGE WILL CONTAIN 3-4 SOURCES!!!!
Essays should demonstrate the following kinds of understanding. Essays should meet assignment requirements of page length and number of sources, quotes, and summaries/paraphrases. The w.
The minimum length for this assignment is 1,500 words. Cellular .docxSUBHI7
The minimum length for this assignment is 1,500 words.
Cellular respiration and photosynthesis form a critical cycle of energy and matter that supports the continued existence of life on earth. Describe the stages of cellular respiration and photosynthesis and their interaction and interdependence including raw materials, products, and amount of ATP or glucose produced during each phase. How is each linked to specific organelles within the eukaryotic cell. What has been the importance and significance of these processes and their cyclic interaction to the evolution and diversity of life?
.
The Main Post needs to be 3-5 Paragraphs At a minimum, each stud.docxSUBHI7
The Main Post needs to be 3-5 Paragraphs
At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.
The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.
Many organizations have established policies to remedy discrimination when hiring women and minorities. Discuss whether you feel that affirmative action programs, reverse discrimination, and criteria of comparable worth are appropriate forms of remedy.
You should conduct research on this topic before making your posts.
Using the textbook, course materials, and Web resources, research affirmative action, reverse discrimination, and comparable worth and answer the following questions:
Do you feel that these concepts are appropriate forms of remedy in the workplace? Explain.
What else do you think could be done to eliminate discrimination in the workplace?
You must use at least one credible source from either the Library's full-text database or the Web. Include your reference(s) that you used in APA format with your Discussion Board post. Post a new topic to the Discussion Board that contains your answers to the questions, and respond to 2 other students' posts on the Discussion Board. Be sure to explain to them why you agree or disagree with their arguments.
Your submitted assignment (
60 points
) should include the following:
40 Points Your Discussion Board topic containing your responses to the questions and your listed reference(s) in APA format
20 Points Your responses to two other students' Discussion Board posts
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
Response to Classmates posts:
Classmate #1 post:
Attempt at Eliminating Discrimination
After the civil war, the African American, Hispanics and minorities suffered great discrimination in the workplace in particular and life generally. Precisely during the 1960s these groups went through denial of employment or appropriate wages irrespective of their standard of education being higher than that of their majority counterparts. There was a great debate about discrimination on the basis of color, race, gender or religion. Over the years, some programs have been developed in order to handle or to try and e.
The main characters in Tay Garnetts film The Postman Always Rings.docxSUBHI7
The main characters in Tay Garnett's film
The Postman Always Rings Twice
and the Coen Brothers'
The Man Who
Wasn't There
follow a pattern of behavior that is inane and ultimately self-destructive, as can be seen in how they end up -- either dead, wrongly accused and imprisoned for a crime they didn't commit, or ironically not convicted for a crime they did commit. What do you think these films are saying about the pattern of behavior they followed to get them where they wound up in the end, as well as why they followed these patterns of behavior in the first place? In other words, what is the way of thinking or belief system that lead to these characters' behaviors, and what does the film tell us about this way of thinking or belief system? And finally, does the film propose an alternative way of thinking or life narrative that might have proven more salutory for these characters in the end?
.
The minimum length for this assignment is 2,000 words and MUST inclu.docxSUBHI7
The minimum length for this assignment is 2,000 words and MUST include in-text citation and references.
Discoveries in DNA, cell biology, evolution, biotechnology have been among the major achievements in biology over the past 200 years with accelerated discoveries and insights over the last 50 years. Consider the progress we have made in these areas of human knowledge. Present at least three of the discoveries you find to be most important and describe their significance to society, health, and the culture of modern life.
.
The mafia is a well organized enterprise that deals with drugs, pros.docxSUBHI7
The mafia is a well organized enterprise that deals with drugs, prostitution, loan sharking, and other illegal activities. They also have investments in several legal enterprises. These enterprises are usually cash-only businesses. This is one way that they can launder their monies. Ponzi schemes are also an organized enterprise. If violators are caught, they are charged under the Racketeer Influenced and Corrupt Organizations Act (RICO).
Assignment Guidelines
Address the following in 3–5 pages:
Research mafia organizations within the United States.
What is their involvement in the illegal drug industry? Explain.
How are drugs transported and sold by mafia organizations within the United States? Explain.
What criminal activities result from this drug trafficking? Explain.
Research the Colombian drug cartel.
What types of crimes are commonly committed by members of these types of organizations? Explain.
Regarding criminal activities, how does international drug trafficking compare to drug trafficking within the United States?
Compare being charged under RICO to being charged under IRS violations.
What are the penalties of each, and is there any civil redress in either one?
Be sure to reference all sources using APA style. 3-5 pages. 5 sources referenced throughout the paper. Abstract and reference page. No Plagerism.
.
The minimum length for this assignment is 1,500 words. Be sure to ch.docxSUBHI7
The minimum length for this assignment is 1,500 words. Be sure to check your Turnitin report for your post and to make corrections before the deadline of 11:59 pm Mountain Time of the due date to avoid lack of originality problems in your work.
Describe the historical pattern of growth of the worldwide human population since our origin. Include in this historic overview the changes that have happened technologically, medically, culturally and nutritionally to result in major population changes over time. Relate the growth of the human population to our ecological footprint and explain the idea of limits to population growth known as the carrying capacity. Relative to carrying capacity, what may result from unbridled continued growth of our population? How does the size of the human population contribute to environmental degradation? Why must we take the human population size into account when we attempt to develop environmental restoration projects?
Assignment 2 Grading Criteria
Maximum Points
Quality of initial posting:
Initial posting should reveal a solid understanding of all aspects of the task; use factual and relevant information;
and
demonstratefull development of concepts.
80
Connections and higher order thinking:
Multiple connections should be demonstrated showing a clear understanding of the material with clear and correct examples.
40
Reference to supporting readings:
Refer to and properly cite (i.e., APA) either course and/or outside readings.
40
Language and Grammar:
There should be no spelling, structure, or grammatical errors in any posting. Writing should be clear and organized.
40
Total:
200
.
The madrigal was a very popular musical genre in the Renaissance. Ex.docxSUBHI7
The madrigal was a very popular musical genre in the Renaissance. Explain in detail the madrigal, and include the instrumentation, (the number and type of voices used), and the musical elements that the composers used to make the text in the pieces come alive. Choose one of the musical examples of the madrigal in this unit: Arcadelt�s
II bianco e dolce cigno
, or John Farmer�s
Fair Phyllis
, and explain how the composer unites the poetry and music.
Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Francesca Gottschalk - How can education support child empowerment.pptx
RISK RESPONSIBILITY PLAN 1Christopher MihunM.docx
1. RISK RESPONSIBILITY PLAN 1
Christopher Mihun
MONITORING AND CONTROLLING RISKS – RISK
RESPONSIBILITY PLAN
PM650-1801B-01
Professor Al-Nizami
Risk Responsibility Plan
The risk responsibility plan is a risk response planning on
choosing the right project stakeholders who are responsible for
the risks. It indicates a prose development of all the
responsible, those who approved the project processes resulting
in the occurrences of the risks. There are also those who
supported the project processes, resulting in the errors and risks
associated with the project planning, initiation, execution,
implementation, and management. Therefore, the responsibility
plan is a tool which has been and will be used in the creation of
risk project management and responsibility for accountability of
all project risks and any associated challenges.
Identified Risks
Roles and Responsibilities (R-Responsible, A-Approver, S-
Support and I -Informed )
Project manager
Architect/ Designers
2. Business Analysts
NSW Government
Project Team
Stakeholders
i. Incomplete designs which resulted in poor structural planning
and delivery of the project.
A
R
R
S
I
S
ii. Poor stakeholder involvement in the due process and project
planning
R
A
A
R
A
R
iii. Lack of project leadership from the project manager
R
R
S
A
R
A
iv. Lack of project progress reports and this hampered the
performance appraisals
A
I
I
I
R
A
v. Poor Cost Estimates and budgeting
3. R
I
R
A
A
A
vi. Incomplete designs requirement gathering
A
R
R
I
R
R
vii. Failure to keep within the cost estimate.
R
R
A
I
I
A
viii. Inability to meet the completion timeline
R
R
A
I
A
I
ix. Changes in project scope and requirements.
R
R
I
R
I
A
x. Project scope and design changes.
A
4. A
I
S
I
R
xi. Lack of project change controls and Scope of the project
R
R
I
I
S
A
xii. The pressure to deliver projects on an accelerated schedule.
I
I
S
R
S
A
xiii. Inaccurate contract time estimates.
R
R
S
I
S
A
xiv. Lack of communication between project participants.
I
I
I
A
S
R
xv. Inadequately defined roles and responsibilities.
R
R
5. A
I
S
A
xvi. Insufficient skilled staff.
R
I
S
A
R
R
xvii. Political risks.
I
S
I
R
S
R
xviii. Poor task and roles assigning among the project
stakeholders
R
R
R
I
S
A
xix. Inexperienced project managers
R
S
S
I
S
R
xx. Incomplete designs which resulted in poor structural
planning and delivery of the project.
R
6. R
S
A
S
A
xxi. Poor stakeholder involvement in the due process and
project planning
S
S
S
R
S
A
Management of the Risk Plan and the Risk Responses
The importance of the risk responsibility plan is to offer,
support, and increase the devolution in project progress and
support development. It indicates the agreed responsibility for
achieving the necessary roles and responsibilities. It is a system
which maps the critical processes, actions, and ways in which
the project manager can effectively manage and respond to
risks. It also clarifies the roles and responsibilities of all the
stakeholder of the project. This defines the roles and
responsibilities of all stakeholders in comparison to planning
and assessing the needed expectations (Heldman, 2018). Finally,
it supports a structure for making the right decisions such as
focusing on the right strategy, idea and contemplating on the
clear resources such as sorting and attracting overall
responsibility resources to map and increase operational safety
and performance. Therefore, the management of the risk plan
and risk responses is to ensure there is a clear communication
strategy and how to fully clarify the roles of the involved
stakeholders.
Maintaining the Plan and Risk Responses
Maintaining the plan can be achieved through contact
communication and interacting with all the project stakeholders.
7. Communication will help keep the organization informed on the
impending risk responses and any planning to control the risks
identified. This will also help the stakeholders to understand the
importance of the information they have and possess. Through
communication, it becomes a potential way for informing the
teams, people and all other partners on their roles and
responsibilities (Kerzner, & Kerzner, 2017). This will
eventually associate the plan into the project activities and
ensure all the individuals have accessibility to information,
facts and essential objectives. There is also the need of ensuring
all the people are trained on their respective roles and
responsibilities. This will help and ensure all the people
associated with the risk planning processes, risk responses and
control processes have the needed training. It will achieve
awareness and reduction of costs in mitigating risks. There is
also the need of conducting regular plan changes and this will
help, develop and improve operational effectiveness in support,
planning, and actualization of essential features to support
operational performance. It is a process for engaging in the
review and support of the risk responsibility planning (Kerzner,
& Kerzner, 2017). The focus is also on the accessibility of the
plans and who is responsible for the management of the plan.
This can be achieved through backing up the plan and
developing audit plans for the plan to ensure the risk responses
and plans are always up to date and easily implemented.
Contingency Budget for the Risk Responses selected
Contingency planning is about the development and keeping of
the project development into a reasonable management scale.
This focuses on developing backup plans to the loss of life,
resources, financial support and assets due to disaster or loss
due to uncontrollable risks. The contingency budget will focus
on the qualitative risks identified (Lentzos & Rose, 2009). For
every risk response such as avoidance, acceptance, sharing and
transferring the risk, it is important to develop and focus on the
importance, value, and resource development of a financial
plan. It is also important to use, develop and increase
8. operational effectiveness in in terms of allocating, distribution
and protecting the vital goals and aims of each project task.
The contingency budget will focus on the value, resources and
operational effectiveness to meet and improve resource
allocations. This can be done through improved performance,
planning on the risks identified by considering the impacts of
the risk to the progress of the project.
References
Cabanillas, C., Resinas, M., & Ruiz-Cortés, A. (2011). Mixing
RASCI matrices and BPMN together for responsibility
management. VII Jornadas en Ciencia e Ingeniera de Servicios
(JCIS 2011), 1, 167-180.
Heldman, K. (2018). PMP: project management professional
exam study guide. John Wiley & Sons.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a
systems approach to planning, scheduling, and controlling. John
Wiley & Sons.
Lentzos, F., & Rose, N. (2009). Governing insecurity:
contingency planning, protection, resilience. Economy and
Society, 38(2), 230-254.
RISK RESPONSE PLANNING
6
Christopher Mihun
9. RISK MANAGEMENT PLAN – RISK RESPONSE PLANNING
PM650-1801B-01
Professor Al-Nizami
Risk Response
The risks identified are essential in the development of an
essential risk response. Risk responses are the different ways
and processes for which an organization can effectively use to
manage risk. In the construction project, the project managers
and stakeholders could have used different responses in the
management of the risks. The risk identified and their responses
includes:
Risks Identified
Responses
i. Incomplete designs which resulted in poor structural planning
and delivery of the project.
Avoidance
ii. Poor stakeholder involvement in the due process and project
planning
Contingency
iii. Lack of project leadership from the project manager
Accept
iv. Lack of project progress reports and this hampered the
performance appraisals
Reduce
v. Poor Cost Estimates and budgeting
Avoidance
vi. Incomplete designs requirement gathering
Transfer
vii. Failure to keep within the cost estimate.
Exploit
viii. Inability to meet the completion timeline
Contingency
10. ix. Changes in project scope and requirements.
Accept
x. Project scope and design changes.
Reject
xi. Lack of project change controls and Scope of the project
Reduce
xii. The pressure to deliver projects on an accelerated schedule.
Reject
xiii. Inaccurate contract time estimates.
Exploit
xiv. Lack of communication between project participants.
Reduce
xv. Inadequately defined roles and responsibilities.
Share
xvi. Insufficient skilled staff.
Avoid
xvii. Political risks.
Enhance
xviii. Poor task and roles assigning among the project
stakeholders
Reduce
xix. Inexperienced project managers
Share
Application of these Risk Responses
According to the risk responses as shown above, the responses
for the opportunities and threats in the risk management. The
responses are an opportunity for structural competency and how
to effectively manage the risk. The process for risk
identification and mitigation can be effectively managed to
improve project performance. Therefore, the application for the
risk responses can be effectively developed through:
a) Avoidance
Avoidance is a risk response which is essential for the changing
the project to meet the expectations of the stakeholders while
11. managing the risk. For instance, the change in the designs could
have improved the outcome of the project. The change affects
and reduces the ability for an effective risk mitigation and
process. Avoidance also helps to change the necessary
expectations, planning, and how to fully develop and improve
resource allocation to ensure the impact of the risk does not
affect the project.
b) Transfer
Transferring the risk is a risk response which is all concerned
with the mitigation and management of the risk by transferring
it to another aspect and event. For instance, transferring the risk
to the project stakeholders could have helped to designing
complete and effective designs. It is a process for ensuring the
transfer for risk meets the value, resources, and exposition for
the project. The risks could have been transferred to help in the
mitigation and management of designs.
c) Reduce
Reduction of the risk means creating an opportunity such as
reducing the occurrences bytapping the root causes of the risk.
This can be completed and especially managed due to poor
planning before implementation, planning and creating the
resources for the risk. The reduction is essential for focusing on
the risk entities. This will increase, change and effectively
reduce by targeting the root cause of the risks.
d) Accept
Accepting the risk can be an essential process for ensuring the
project meets the expectations of its stakeholders. Some risks
can be accepted by the stakeholders. It is also a process to
ensure and how to fully develop and support the performance of
stakeholders. It is also a process for enhancing the changes,
processes and accepting the risk to a manageable state. This will
effectively help in improvement and gaining the value, resource
12. and process management. Some risk such as unskilled staff and
poor leadership can be accepted by managed effectively.
e) Contingency
The contingency planning is an essential risk management
technique which helps companies in the modern society to
develop backup plans. Backups can be an essential resource to
help in the processing and functional performance. It can be
effectively used for an effective process to improve
performance and develop project success. Contingency can be
developed in place of lack of budgeting and cost-timelines. The
use of contingency planning can be a process for influencing
change in performance through risk expectations.
f) Share
Sharing risks can be an essential opportunity to minimize the
impact of the risk to a project. It is also an essential policy to
effectively influence and increase performance based on values
such as mitigation, planning, and process development. It is
also important for an effective allocation of risk to other
stakeholders. Stakeholders can share risk, develop the necessary
roles such as engaging and defining the processes.
g) Exploit
Sometimes, it is important to exploit an opportunity. This is
essential for curbing on the opportunities for affecting the
project. The exploitation can be used effectively in
improvement of risks and using the impacts for making another
plan. This is management of risk opportunities by the project
managers. It is also an opportunity for an effective planning to
provide, develop and influence resources such as poor
leadership to introduce change and increase resource
processing. Effectively using exploitation, a project manager
can allocate for more resources and skilled staff.
h) Enhance
13. Enhancing the occurrence of a risk can effective result in risk
response and this can be used effectively to improve and
develop financial allocations. The manner and ability for an
effective resource is to effectively, develop, and improve
financial planning. The process can be used progressively to
help in the mitigation approaches. It is also important to
develop and improve processes such as organization,
performance and value creation.
i) Reject
Sometimes, if the risk is too high, it is important for an
effective development, planning and creative allocation of
resources. Mitigating risk can be a risk process which affects
the performance of a project. Rejecting poor relations, unskilled
and poorly designed requirements can be effectively improved
and this can improve resource allocation and planning.
Risk Breakdown StructureSydney Opera House Project Risk
Work Breakdown
References
Edwards, L. (1995). Practical Risk Management In The
Construction Industry. Thomas Telford.
McNeil, A. J., Frey, R., &Embrechts, P. (2015). Quantitative
risk management: Concepts, techniques and tools. Princeton
university press.
National Research Council. (2005). The Owner's Role in Project
Risk Management. National Academies Press.
RISK MANAGEMENT PLAN SCOPE AND IDENTIFICATION
5
14. Christopher Mihun
Risk Management Plan Scope and Identification – Sydney Opera
House Project
PM650-1801B-01
Professor Al-Nizami
Risks Associated with the Project
The development of the Sydney Opera House was scheduled to
be completed in 4 years with a budget of around AUD 7 million.
But the project ended costing more than AUD 102 million and
14 years to complete. The risks associated with the development
of the project include:
i. Incomplete designs which resulted in poor structural planning
and delivery of the project.
ii. Poor stakeholder involvement in the due process and project
planning
iii. Lack of project leadership from the project manager
iv. Lack of project progress reports and this hampered the
performance appraisals
v. Poor Cost Estimates and budgeting
vi. Incomplete designs requirement gathering
vii. Failure to keep within the cost estimate.
viii. Inability to meet the completion timeline
ix. Changes in project scope and requirements.
15. x. Project scope and design changes.
xi. Lack of project change controls and Scope of the project
xii. The pressure to deliver projects on an accelerated schedule.
xiii. Inaccurate contract time estimates.
xiv. Lack of communication between project participants.
xv. Inadequately defined roles and responsibilities.
xvi. Insufficient skilled staff.
xvii. Political risks.
xviii. Poor task and roles assigning among the project
stakeholders
xix. Inexperienced project managers
xx. Lack of stakeholders engagement in the development of the
project development
Techniques Used to Identify the Risks
There are different techniques which can be used in the risk
identification and this will be critical to risk assessment and
management in any project. Based on the project carried and
developed by the Sydney Opera House, risk identification was
conducted through the use of risk screening using risk registers
and identification of the risk associated with the project
(Shenhar, Aaron, & Dvir, 2007). The risk registers as indicated
in the table below, it indicates the process of meeting and
identification of the critical risks which impacts the different
phases of the project. The project considers the development of
a construction project which takes into consideration process of
16. planning, site reconnaissance and survey. It is only possible by
ensuring there is a process for engaging in the managerial of
risks and their root causes. Therefore, through root cause
analysis, the risks as identified were analyzed and this helped in
the planning, development and recognition of the necessary and
ideal breakdown phases or work structures(National Research
Council, 2005). The risks identified also were conducted
through work uncertainties and checking the work phases such
as planning on the phases and plotting the risks through risk
registers. Risk registers indicates the ranking the risks in terms
of impacts, probability and hazard level.
Stakeholders involved in the Risk Process
The risk identification involves all the stakeholders of the
project. In this case study, stakeholders of the Sydney opera
house include: the engineers in the design and system analysts
in gathering the facts from the owners, the New South Wales
Government. The stakeholders are the active members in the
designing of the project (National Research Council, 2005). The
architecture planning and designing was the sole responsibility
of architect Utzon. They are able to identify the risks and
develop the root cause analysis in the gathering of facts and
designing of the opera house. The incomplete designs was due
to the change in the scope of the project. The owner, the New
South Wales Government considered the process of choosing
the right to change the scope of the project. This impacted the
responsibility of the architect and how to fully develop the
project without completion of its designs. The financing of the
house such the New South Wales Government also faced
challenges in financial budgeting and allocations of resources to
the construction of the opera house.
Qualitative and Quantitative Risk Ranking
Risk
Probability
Impact
17. Hazard Level
1. Poor Cost Estimates and budgeting
3
3
Critical
2. Incomplete designs
1
4
High
3. Failure to keep within the cost estimate.
3
4
Critical
4. Inability to meet the completion timeline
4
3
Critical
5. Changes in project scope and requirements.
1
3
High
6. Project scope and design changes.
2
2
Low
7. Pressure to deliver project on an accelerated schedule.
2
2
Low
8. Inaccurate contract time estimate.
3
4
Critical
9. Lack of communication between project participants.
3
4
18. Critical
10. Inadequately defined roles and responsibilities.
1
4
High
11. Insufficient skilled staff.
1
2
Low
12. Political risks.
4
2
Medium
13. Lack of stakeholders involvement in the project
development and progress
3
4
Critical
14. Inexperienced project managers
2
4
High
15. Poor and lack of task and role assigning amongst the
stakeholders of the project.
3
4
High
16. Lack of project change and scope control of the project
4
5
Critical
17. Lack of project progress reports and this hampered the
performance appraisals.
2
4
High
19. 18. Poor stakeholder involvement in the due process and project
planning
2
5
Critical
19. Poor project manager leadership
2
4
High
20. Poor project design planning in meeting the structural
planning and delivery of the project.
3
5
Critical
Project Sponsor’s Risk Tolerance Level
With the objectives of the architect and the client clashing, the
time and cost of the project was ignored, which in turn proved
to be very problematic. In the long run of the project, the New
South Wales government decided to change the architect, which
did not do the project any good either in cost or time
management. As the project manager and sponsor for the Opera
House development, it did not meet the expectations, process
and planning to improve and help in the support and operational
performance (McNeil, Frey, & Embrechts, 2015). The sponsor
needed clarification on the project, which accelerated the
project from the initial 3 phases to 4 phases of the construction
design. The sponsor also had a low level risk assessment and
management or consideration. The initial financial budgeting
for the project was as AUD 7million and a timeline of 4 year to
the completion of the project. Eventually, the project cost more
than AUD102 million covering 14 years of development. This
indicates poor planning and resource management from the
project sponsor.
References
20. Bent, F. (2014). What You Should Know About Megaprojects
And Why: An Overview. Project Management Journal, 45.2, 6-
19.
Edwards, L. (1995). Practical Risk Management In The
Construction Industry. Thomas Telford.
McNeil, A. J., Frey, R., & Embrechts, P. (2015). Quantitative
risk management: Concepts, techniques and tools. Princeton
university press.
National Research Council. (2005). The Owner's Role in Project
Risk Management. National Academies Press.
NSW, G.O.V (2018). About Sydney Opera House. Retrieved Feb
17, 2018, from: http://www.eoi.es/blogs/cristinagarcia-
ochoa/2012/01/14/the-sidney-opera-house-construction-a-case-
of-project-management-failure/
Phil, N., Harrington, M., &Parker. D. (2012). Leadership
Performance Is Significant To Project Success Or Failure: A
Critical Analysis. International Journal Of Productivity And
Performance Management, 61.2 ,204-216.
Shenhar, Aaron, & Dvir, D. (2007). Project Management
Research-The Challenge And Opportunity. Project Management
Journal, 38.2, 93.
Smith, N. J., Merna, T., & Jobling, P. (2009). Managing Risk:
In Construction Projects. John Wiley & Sons.
Utzon, J. (2002). ‘Design Principles: Sydney Opera House.
Utzon Design Principles. Sydney: Sydney Opera House.
PROJECT RISK MANAGEMENT
21. 1
Christopher Mihun
Project Risk Management
PM650-1801B-01
Professor Al-Nizami
Introduction
Construction and house project development involves
multifaceted processes of several activities such as;
renovations, leasing of existing lands, and purchase of lands and
sell of developed land. The property development processes are
essential to the success of the projects. Over time we have come
across a number of property development and other large scale
projects which have failed or undergone critical failures in
different levels before completion. There are several reasons
that have contributed to the failure of these projects. For a
successful project, there is the need for developing a risk
management plan which will highlight all risky areas of failure
of the project. For instance, in this risk management will
consider the Sydney Opera house project. The Sydney Opera
House became and has been today a disastrous project coupled
with multiple failures from the poor risk management especially
in the project planning and assessment. This project seeks to
determine the major risk management processes which could
have been used by the project developers in the reduction of the
risk which impacted the development of the Sydney Opera
House.
Project Description
The Sydney Opera House is one of the iconic structures
recognized in Australia and around the world (NSW, 2017). The
22. project was contracted to architect Jorn Utzon from Denmark,
who won the bid from the New South Wales government in
1957. The project began in 1959. The project had been divided
into three separate stages consisting of the podium as the first
stage, outer shells as the second stage and interiors plus
windows as the third stage. Architect Utzon after being selected
he presented the “Red Book” in early March 1958 which was a
detailed report on the Sydney Opera House. The report
consisted of the indications in part of the plans, reports from
consultants, sections and other elements of the project (Utzon,
2002). The New South Wales governments were not worried
about the financial burden of the project. The project report
established that the architect was to complete the project in
1962 and its grand opening would have been in early 1963. The
original budget of the project had been estimated of AUD 7
million. But the project ended costing more than AUD 102
million and 14 years to complete.
a) Project Objectives
The project considered a number of objectives focusing on the
development of the Opera House and helping to meet the
expectations of the community. The developer focused on
creating an iconic structure for quality and style. The aim of the
project developers was to create a structure which has value for
the cultural representation of the community. It was also
important for the New South Wales government opting to
develop a functional opera house to serve and offer cultural
interactions for the community(Phil, Harrington, & Parker,
2012). The community was responsible for creating the needed
resources such as support for the development and offering the
community an established foundation focusing on growth and
holding entertainment services. The project manager aimed to
improve, develop and plan on the resources to meet the demands
and timeline of the project developers and stakeholders. The
project objectives for the development of the Sydney Opera
House was to create a structure which will help diversify the
image of the Australian society.
23. b) External Dependencies
The project manager had to coordinate with other members of
the community and stakeholders ensure all the project
deliverables were and will be met. The lead architect, Utzon
worked closely with the government on the allocation of
resources. There was an issue of communication within the
project hierarchy and this changed and affected the outcome and
relations which the management and architect. Requirement
gathering and documentation was another dependency based on
the stakeholders of the project. The architect and project
manager failed in communication due to the process of
gathering the necessary needs and user expectations. Allocation
of resources through project planning was a responsibility of the
New South Wales government (Phil, Harrington, & Parker,
2012). As a stakeholder for the project, the New South Wales
government was also responsible for allocation, budget control
and specification planning on the expectations and needs of the
project. For a creative allocation of resources, there is the need
for developing and meeting the expectations of external
dependencies.
c) Stakeholder Analysis
The project developer and leader architect was he project
stakeholder of the Sydney Opera House construction project was
architect Utzon. Utzon had the responsibility to ensure the
proposed project met the set budget plans and its culture aspect
of its development was fulfilled. As a project manager, Utzon
has the responsibility of managing and leading the project to
fulfillment of its functional and operational expectations.
Another stakeholder was the NSW government as the client. As
the client of the project, the government needed to focus on the
performance, allocation and planning to fully meet the project
expectations of the project manager such as planning and
creating the allocation of resources for the project (Bent, 2014).
Finally, the public was another stakeholder of the Sydney Opera
House construction project responsible for gathering user
24. requirement such as on the cultural aspect and how to meet the
expectations and process planning for the project.
Planned format for the Risk Management Plan
The construction industry is susceptible to more risk in
comparison to other industries. The risks in the construction
industry often creep from the initial appraisal of the project to
the final stage of completion. There is the need to take risk
management into consideration and if necessary develop
different strategies to mitigate and control the risks. The risk
management plan for the Sydney Opera House development will
be conducted through:
· Conducting a risk process. This is through the project manager
identifying the risks associated with the project.
· Conducting a risk identification: this will generate a risk log
which will consider the project deliverables and identify any
risk associated with the project (Smith, Merna, & Jobling,
2009).
· Conducting risk analysis: through a qualitative and
quantitative risk analysis to determine the possible outcome of
the risks on the project.
· Risk response monitoring by the team members.
· Finally, controlling, planning, monitoring and evaluation of
the risks for reporting.
References
Bent, F. (2014). What You Should Know About Megaprojects
And Why: An Overview. Project Management Journal, 45.2, 6-
19.
Edwards, L. (1995). Practical Risk Management In The
Construction Industry. Thomas Telford.
25. NSW, G.O.V (2018). About Sydney Opera House. Retrieved Feb
17, 2018, from: http://www.eoi.es/blogs/cristinagarcia-
ochoa/2012/01/14/the-sidney-opera-house-construction-a-case-
of-project-management-failure/
Phil, N., Harrington, M., & Parker., D. (2012). Leadership
Performance Is Significant To Project Success Or Failure: A
Critical Analysis. International Journal Of Productivity And
Performance Management, 61.2 ,204-216.
Shenhar, Aaron, & Dvir, D. (2007). Project Management
Research-The Challenge And Opportunity. Project Management
Journal, 38.2, 93.
Smith, N. J., Merna, T., & Jobling, P. (2009). Managing Risk:
In Construction Projects. John Wiley & Sons.
Utzon, J. (2002). ‘Design Principles: Sydney Opera House.
Utzon Design Principles. Sydney: Sydney Opera House.