PM584 Week 6 Discussion

Note: Ensure your response and replies is a minimum of 200 words each and include two in text citations from two different

sources.  

 

• Write an executive summary on your lessons learned of the risk management for your selected realistic business project for your CEO. Ensure you state the bottom line up front and then provide details that impact the business the most from a risk perspective. 

       

PM584 Week 5 Discussion - Risk Monitoring and Review

This week emphasizes risk monitoring and reporting practices. You will be exposed to the risk monitoring and reporting in the context of a project. You will also explore the risk management theory. You will not only have an opportunity to answer a discussion question but you are required to respond to one other student to compare and contrast your understanding of risk management with their response.

 

Note: This is a two part question. Ensure your response and replies is a minimum of 200 words each and include two in text citations from two different sources.

 

• Why is the monitor and review process so important? Think about a time you were involved in a project and the risk monitor and control process was missing. Explain how the process would have turned out differently if this step was identified?

 

If you have never worked on a project where the risk monitor and control process was missing review your selected project scenario for this course and or locate a project from another source, where the risk monitor and control process was missing. And explain how the process would have turned out differently if this step was identified?

 

   

PM584 Week 4 Discussion - Risk Management

The objectives focuses on operationalizing the Project Risk Management Plan by creating a Risk Management Action Plan. You will not only have an opportunity to answer a discussion question but you are required to respond to one other student to compare and contrast your understanding of risk management with their response.

 

Note: This is a two part question. Ensure your response and replies is a minimum of 200 words each and include two in text citations from two different sources.

• No matter how hard a company tries to avoid risk, risk happens. Explain what risk treatment is. Look online and find a company that had risk issues or is having risk issues and share two ways they may consider altering the strategy. 

       

PM584 Week 3 Discussion - Project Cost

This week focuses on the student identifying core elements of his/her Project Risk Management Plan. Cost is important to a company when determining how they will allocate funds based on their return on investment (ROI). You will have an opportunity to examine this process. You will not only have an opportunity to answer a discussion question but you are required to respond to one other student to compare and contrast your understanding of risk management with their response.

Note: This is a two part question. Ensure your response and replies is a minimum of 200 words each and include two in text citations from two different sources.

• Explain the concept of cost on a project and three things companies should take in consideration for cost and why?

    

PM584 Week 2 Discussion - Project Context

This week you are expected to continue to become familiar with risk management terms. The context of a project is something you will become familiar with. You will not only have an opportunity to answer a discussion question, but you are required to respond to one other student to compare and contrast your understanding of risk management with their response.

 

Note: This is a two-part question. Ensure your response and replies is a minimum of 200 words each and include two in text citations from two different sources.

 

• Establishing the context for a project is important to determine how the project will progress. Define context and share your perspective of how context would impact a high-end clothing designer who wants to start a new project to design a lower end clothing line for their brand. What is the external context that must be considered?

            

PM584 Week 1 Discussion

This is a two part question. Ensure your response and reply is a minimum of 200 words each and include two in text citations from two different sources.  

 _____________________________________________________________________________________________ 

Due Thursday  

•  Explain your understanding of effective project risk management. Identify the framework for risk management and how each step impacts a project.  

     

PM584 Week 6 Project Risk Management Plan

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Resource: Risk Management Plan Outline, and Project Risk Management Plan Grading Guide

Write a paper of no more than 1,750 words following the outline of a risk management plan. Refer to the Risk Management Plan Outline as an example of what the outline must look like. The word count includes tables.

Incorporate all individual and team assessments completed in previous weeks of this course and modified to reflect instructor feedback.

Include a synopsis determining measures to mitigate project risks and these elements:

• A minimum of two real-world risk management plans related to your project
• The viability of the plans
• A comparison of your proposed risk management plan with real world standards

Format your paper consistent with APA guidelines.

Submit your assignment.

 

PM584 Week 4 Assignment - Risk Management Planning

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Resources: Risk Management Plan Outline, assigned reading, and Risk Management Planning Grading Guide

Prepare a paper of no more than 1,400 words, including the following elements:

• Determine project risk management procedures and relay forms of risk management.
• Determine responses to potential risks. Relay initial risk response measures for risks in earlier weeks.
• Create a risk action plan. Relay the components of a risk action plan and provide one example of a risk in your project.

Note: A portion of this assignment is utilized in your final project.

Format your paper consistent with APA guidelines.

Submit your assignment.

PM584 Week 3 Quantitative Risk Assessment

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Resources: Risk Management Plan Outline, assigned readings, and Quantitative Risk Assessment Grading Guide

Write a paper of no more than 1,400 words, including tables and matrix, that includes the following:

• Revision of project background that clarifies project scope, requirements, schedule, quality, and constraints
• Updated risk identification framework
• Qualified and quantified risk matrix with low, medium, and high qualitative assessments linked to quantifiable measures and risk factors, with performance of a risk assessment using a risk matrix, including:
• Calculation of project risk factors
• Risk quantified in terms of cost, schedule, and performance
• Prioritized risk register, including the following:
• Risk description
• Initial low, medium, or high risk assessment
• Risk priority in the overall risk management plan

Note. A portion of this assignment is utilized in the final project.

Format your paper consistent with APA guidelines.

Submit your assignment.

 

PM584 Week 1 Assignment - Project Baseline

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Resource: Risk Management Plan Outline, and Project Baseline Grading Guide

Select a realistic business project risk scenario that you might use for your course-length final project.

Obtain faculty approval on your selected project risk scenario.

Research and identify a suitable project for risk management discussion and analysis. Several examples are available in weekly readings. The following guidelines apply: 

• The project must contain detailed information related to overall project requirements and related risks
• The project must contain adequate substance to support discussing risk identification, risk documentation, and contingency planning
• The project must be ongoing and approved by your facilitator
• The project may be documented through research or a personal experience

Write a paper of no more than 1,400 words that describes the project's background and general requirements, which must include prescheduled milestones, cost constraints, and quality requirements. The paper must relay the theoretical and practical application of the following:

• The framework for risk identification in the project; for example: WBS, brainstorming, and critical success factors
• Fault tree and event tree techniques and how they could be used to identify risks
• Project risks in the selected scenario
• Elements used in documenting project risks

Submit your assignment.

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