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Essay Available:
Pages:
4 pages/≈1100 words
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Check Instructions
Style:
Harvard
Subject:
Management
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 20.74
Topic:

Project Risk Management. Management Coursework Assignment

Coursework Instructions:

Assignment brief
Select either a work-based project that you are or likely to be involved in or one of the following:
o Major fundraising initiative (to raise at least €5000) for charity
o Organisation of local annual festival (such as food, races, music etc)
Part 1. Carry out a risk assessment using the methodology used in the course as follows:
o Risk identification Assessment in terms of probability/impact incl. matrix
o Risk response and contingency plan
o Process for review and update
o Conclusions on value of doing risk assessment
Max 5 A4 pages (900 to 1200 words). References should be in Harvard style.
Part 2. Using either MS Project or EXCEL to present your WBS/Gantt chart for the project selected in part 1.
The assignment requires you to prepare: A Project Charter or Initiation Document with accompanying Project Plan which should include a listing of activities/tasks including your estimate of task duration times; all tasks grouped together under appropriate headings; identification of the tasks that are on the critical path and concluding comments including slack available. Ideally, you should have 5/6 headings and at least 30 tasks in total, with a number of concurrent tasks to make the project realistic.
You will upload a single file in Word/PDF so copy/paste your Project Plan/Gantt Chart within the Word/PDF document for upload rather than two separate files.
Assignment 2 is due March 12th. Late submissions will be subject to a 5% penalty per working day past the submission date.
Word count: 600-900 words (excluding diagrams and appendices)
Marking
Overall 30%
Part 1. Risk Assessment (20%):
Risk identification Assessment in terms of probability/impact incl. matrix: 5%
Risk response and contingency plan: 6%
Process for review and update: 6%
Conclusions on value of doing risk assessment: 3%
Part 2. Project Planning and Work Structure Breakdown (10%):
Overall structure and conclusions: 5%
Project Scope/Charter: 5%
Project Plan/WBS/Gantt Chart: 5%

 

Assignment brief Select either a work-based project that you are or likely to be involved in or one of the following: o Major fundraising initiative (to raise at least €5000) for charity o Organisation of local annual festival (such as food, races, music etc)

Coursework Sample Content Preview:

Project Risk Management
Student Name
Institutional Affiliation
Project Risk Management
Project risk assessment is one of the most important aspects of project management and implementation. Regardless of the scope of the project, risk assessment helps in improving the efficiency of implementation because it enables the project manager to identify risks and mitigation approaches. It also shows the weight of the risk and the extent to which it could paralyze the project. The efficiency of organizing a local annual festival such as a music concert can be improved by effective risk identification and management program. Part 1: Risk assessment
A risk identification assessment in terms of probability/impact matrix is presented below.
Risk Assessment TemplatePotential HazardWho is at risk?Existing control measuresRisk ratingPreventive measuresResponsibilitiesParticipant dropoutOrganizerConfirmation prior to attendance4Remind the performer before the eventKey note speaker
Providing security.Nobody showsOrganizer, fansMarketing the event in different venues3Ensure people pay beforehand.Marketing the event and ensuring only a few carry out the exercise.Failure of technologyFans, organizerTesting machine and devices before performing starts4Have alternative technology and devices.Ensuring that the public address system is effective and operational. Unexpected weatherOrganizer, fans Relying on any tables. 4Support th event 0000000Epic queues Organizer, fansAdvanced ticket booking introduced3Encourage fans to book in advance.To ensure effective, shorter lines and efficiency.  Risk response and contingency plan
The risks identified can be addressed through the following measures.
Participant dropouts
This can be addressed by getting as much notice as possible from the expected participant that they will not make it and also having a backup in mind. The participant should communicate around 24 hours in advance if they have any doubts of making it for the event. In case they fall unwell, they can communicate in advance and avoid such scenarios.
No one shows up!
This is common for such free events as this one, and it is due to lack of motivation for people due to the investment they have made. As such, it would be advisable to charge attendants for the tickets and probably donate the proceeds to a charity. Attendees should be required to make a financial commitment.
Technology failure
A rehearsal is need, and one should also have a solid AV partner at the venue. The VA should also assist in checking the functionality of all speakers.
Unexpected weather
In the ...
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