Applied Sciences homework help

/in /by

Semester Project–Developing a Project Risk Management Plan (500 marks)
As part of the semester project, students will develop a set of project risk management planning documents to be discussed in detail in the first face-to-face session. Main tasks to be accomplished are:

  1. Students will select a hypothetical project or draw from a current work project and develop a project charter for the chosen project (Milestone 1; submission deadline 02/18/2020 at 11:59 pm; 50 marks)
  2. Create risk management documents based upon templates, techniques, and examples provided in the PMI Practice standard for project risk management:
    1. Risk Identification, Risk Register and Stakeholder List (Milestone 2; submission deadline 03/10/2020 at 11:59 pm; 50 marks)
    2. Qualitative and Quantitative Risk Analysis Report (Milestone 3; submission deadline 04/14/2020 at 11:59 pm; 100 marks)
    3. Risk management plan (cumulative) (Milestone 4; submission deadline 05/05/2020 at 11:59 pm; 300 marks)

For milestone 3, you are required to use the risk register and stakeholder list to perform Qualitative and Quantitative Risk Analysis for your selected project. Follow the steps provided below:

  • Use the Probability and Impact Matrix to perform a qualitative risk analysis
  • Select one of the quantitative risk analysis techniques (Decision Tree Analysis, Expected Monetary Value, Fault Tree Analysis,  Monte Carlo Simulation, or System Dynamics) and perform the analysis using the selected technique
  • Summarize your results and compile analysis from step 1 and 2. Make sure to include important assumptions you made while carrying out the analysis.

Please see Chapter 11, Section 11.3 and 11.4 of the PMBOK Guide and Chapters 6 and 7 of the Practice standard for project risk management.
Rubric
Semester Project Milestone 3 Rubric

Semester Project Milestone 3 Rubric
Criteria Ratings Pts
This criterion is linked to a Learning OutcomeQualitative Risk Analysis
40.0 to >34.0 pts
Analysis above expectations		 34.0 to >28.0 pts
Analysis meets expectations		 28.0 to >16.0 pts
Analysis provides most of the required components		 16.0 to >0 pts
Analysis below expectations
40.0 pts
This criterion is linked to a Learning OutcomeQuantitative Risk Analysis
40.0 to >34.0 pts
Analysis above expectations		 34.0 to >28.0 pts
Analysis meets expectations		 28.0 to >16.0 pts
Analysis provides most of the required components		 16.0 to >0 pts
Analysis below expectations
40.0 pts
This criterion is linked to a Learning OutcomeSummary of results
20.0 to >15.0 pts
Excellent summary		 15.0 to >10.0 pts
Good summary		 10.0 to >8.0 pts
Fair summary		 8.0 to >0 pts
Summary below expectations
20.0 pts
Total Points: 100.0

PreviousNext