PROJ6003 Project Execution and Control | My Assignment Tutor

PROJ6003_Assessment 2 Brief_February2020.Docx Page 1 of 8 ASSESSMENT BRIEFSubject Code and TitlePROJ6003 Project Execution and ControlAssessmentAssessment 2: Risk Management (2 parts)Part A: Module 4-5 Discussion ForumPart B: Risk ManagementIndividual/GroupPart A: IndividualPart B: Individual/groupsLengthPart A: 850 wordsPart B: 1500 words/studentLearning Outcomes2. Critically analyse project risks and develop a range ofstrategies to effectively manage those risks in orderto ensure expected project management outcomes.SubmissionPart A: The post to be completed by end of Module 5.Part B: By 11:55pm AEST/AEDT Sunday first half ofModule 6.Weighting50% (Part A: 15%; Part B: 35%)Total MarksPart A: 15 marksPart B: 35 marks Context:As project work is executed, project managers make certain that quality assurance isconducted and quality is controlled. Quality assurance consists of the activities that areundertaken to ensure that a project uses the processes needed to meet quality requirements.Meanwhile, quality control entails monitoring specific project results to determine whetherthey meet relevant quality standards, which have been defined with the project scope.Planning for risk management involves determining how to approach, plan and execute thevarious activities required for managing project risks. Because new risks may be introducedat any point in the project management life cycle, risk management is a continuous process.It begins at the project-planning phase and continues throughout the project-executionphase.Effective communication is a key factor for managing project execution. However, projectmanagers may face challenges as they communicate with their teams and other projectstakeholders. Other factors such as developing, leading and managing project team membersare also critical for successfully achieving project goals.PROJ6003_Assessment 2 Brief_February2020.Docx Page 2 of 8Instructions:This assessment has two parts: a post (Part A) and a Risk Management report (Part B)Part A: Module 4-5 Discussion ForumEach student will construct a post in approximately 850 words to the following questions andpost on the Module discussion forums by the end of Module 5. Students will be gradedindividually on how students demonstrate/share theories and contribute to the generaldiscussion of the topic within the group over weeks 7, 8 & 9.Module 4-5 Topic: Project Status ReportingIdentify effective status reports used in project management. Discuss the challenges andpitfalls of different status reports. Explain the difference between the status reports providedfor teams, sponsors, and steering committee. Considering the given case study, how mightthese reports be applied?Output:Module 4-5 discussion – provide a post by the end of Module 5.Part B: Risk ManagementCreate a risk management report for the given case study used in Assessment 1. In yourreport, include:NOTE: Master of Business Information Systems students must use an IT project as anexample in this assessment.1. Risk identification and impact assessment Identify possible risks for the case study and critically analyse the impact of theserisks. Use a risk probability and impact matrix to rate and prioritise the risks. Develop appropriate response strategies to effectively manage identified risks. Complete a risk register for the case study.2. Risk management reporting Identify and explain how stakeholders will be apprised of the project’s ongoingrisk management activities.The written portion of your Risk Management Plan should consist of 1500 words/student.For students’ reference, an example of a Probability and Impact Matrix is illustrated in thePMBOK Guide®.PROJ6003_Assessment 2 Brief_February2020.Docx Page 3 of 8Output:Complete and submit Part B by first half of Module 6.Learning Resources:Heldman, K. (2013). PMP Project Management Professional Exam Study Guide (7th ed.).Indianapolis, IN: Wiley. Chapter 6: Risk Planning (Read from ‘Quantifying Risk’ to ‘Summary’) Chapter 10: Measuring and Controlling Project Performance Chapter 11: Controlling Work Results (Read the section on ‘Monitoring andControlling Risk’)Project Management Institute. (2013). A guide to the project management body ofknowledge (PMBOK Guide®) (5th ed.). Newtown Square, Pennsylvania: Project ManagementInstitute. Section 10.2: Manage Communications Section 10.3: Control Communications Section 11.2: Identify Risks Section 11.3: Perform Qualitative Risk Analysis Section 11.4: Perform Quantitative Risk Analysis Section 11.5: Plan Risk Responses Section 11.6: Control Risks Section 13.3: Manage Stakeholder Engagement Section 13.4: Control Stakeholder EngagementSnyder, C. S. (2013). A project manager’s book of forms: A companion to the PMBOK guide(2nd ed.). Indianapolis, IN: Wiley. Contract Close Out template (Word document) Formal Acceptance Form template (Word document) Lessons Learned template (Word document) Probability and Impact Matrix Template (Word document) Risk Register Template (Word document)Wysocki, R. K. (2012). Effective Project Management: Traditional, Agile, Extreme (6th ed.).Indianapolis, IN: Wiley. Chapter 3: Understanding the Project Management Process Groups (Read thesection on ‘Risk Management’) Chapter 7: How to Monitor and Control a TPMPROJ6003_Assessment 2 Brief_February2020.Docx Page 4 of 8Also, for Master of Business Information Systems students:Chemuturi, M. (2013). Mastering IT Project Management: Best practices, tools andtechniques. Retrieved from https://lesa.on.worldcat.org/oclc/869302200 Chapter 7: Project Control in IT Project Management Chapter 9: Quality Assurance in IT Project ManagementAssessment Criteria:Submitted assessments will be graded using the Learning Rubrics enclosed.PROJ6003_assessment 2 brief_February 2020.docx Page 5 of 8Learning Rubric – Assessment 2 Part A: Module 4-5 Discussion Forum AssessmentAttributesFail(0-49)Pass(50-64)Credit(65-74)Distinction(75-84)High Distinction(85-100)Contribution toidentifyingthe challenges andpitfalls of trafficlight reports, thedifferencebetween thestatus reports60%Fails to contribute toidentifying the challengesand pitfalls of traffic lightreports, the differencebetween the statusreports.Limited knowledge ofproject status reporting.Contributes toidentifying thechallenges and pitfallsof traffic light reports,the difference betweenthe status reports.Demonstrates limitedawareness of projectstatus reporting.Resembles a recall orsummary of key ideas.Oftenconflates/confusesassertion of personalopinion withinformationsubstantiated byevidence from theresearch/coursematerials.Contributes toidentifying thechallenges and pitfallsof traffic light reports,the difference betweenthe status reports.Shows someunderstanding ofproject status reporting.Supports personalopinion and informationsubstantiated byevidence from theresearch/coursematerials.Demonstrates acapacity to explain andapply relevant concepts.Contributes toidentifying thechallenges and pitfallsof traffic light reports,the differencebetween the statusreports.Work shows insightand thoroughunderstanding ofproject statusreporting.Discriminates betweenassertion of personalopinion andinformationsubstantiated byrobust evidence fromthe research/coursematerialsWell demonstratedcapacity to explainand apply relevantconcepts.A sophisticatedunderstanding of thechallenges and pitfallsof traffic light reports,the difference betweenthe status reports.Critically discriminatesbetween assertion ofpersonal opinion andinformationsubstantiated by robustevidence from theresearch/coursematerialsContribution iscomprehensive andadvances the classdiscussion. PROJ6003_assessment 2 brief_February 2020.docx Page 6 of 8 Effectivecommunications30%Difficult to understand foraudience, no logical/clearstructure, poor flow ofideas, argument lackssupporting evidence.No effort is made to keepaudience engaged,audience cannot followthe line of reasoning.Information, argumentsand evidence arepresented in a way thatis not always clear andlogical.Attempts are made tokeep the audienceengaged, but not alwayssuccessful. Line ofreasoning is oftendifficult to follow.Information, argumentsand evidence are wellpresented, mostly clearflow of ideas andarguments.The audience is mostlyengaged, line ofreasoning is easy tofollow.Information,arguments andevidence are very wellpresented, thepresentation is logical,clear and wellsupported byevidence.Engages the audience,demonstrates culturalsensitivity.Expertly presented; thepresentation is logical,persuasive, and wellsupported by evidence,demonstrating a clearflow of ideas andarguments.Engages and sustainsaudience’s interest inthe topic, demonstrateshigh levels of culturalsensitivity.Use of academicand disciplineconventions andsources ofevidence10%Poorly written with errorsin spelling, grammar.Demonstratesinconsistent use of goodquality, credible andrelevant research sourcesto support and developideas.There are mistakes inusing the APA style.Is written according toacademic genre (e.g.with introduction,conclusion or summary)and has accuratespelling, grammar,sentence and paragraphconstruction.Demonstratesconsistent use ofcredible and relevantresearch sources tosupport and developideas, but these are notalways explicit or welldeveloped.There are no mistakes inusing the APA style.Is well-written andadheres to theacademic genre (e.g.with introduction,conclusion orsummary).Demonstratesconsistent use of highquality, credible andrelevant researchsources to support anddevelop ideas.There are no mistakes inusing the APA style.Is very well-writtenand adheres to theacademic genre.Consistentlydemonstrates expertuse of good quality,credible and relevantresearch sources tosupport and developappropriatearguments andstatements. Showsevidence of readingbeyond the keyreadingThere are no mistakesin using the APA style.Expertly written andadheres to theacademic genre.Demonstrates expertuse of high-quality,credible and relevantresearch sources tosupport and developarguments and positionstatements. Showsextensive evidence ofreading beyond the keyreadingThere are no mistakes inusing the APA Style. PROJ6003_assessment 2 brief_February 2020.docx Page 7 of 8Learning Rubric – Assessment 2 Part B: Risk Management Assessment AttributesFail(0-49)Pass(50-64)Credit(65-74)Distinction(75-84)High Distinction(85-100)Critical analysis ofproject risks anddevelopment of arange of strategies tomanage those risks45%Fails to analyse projectrisks and/or developstrategies to managethose risksMinimal analysis ofproject risks anddevelopment ofstrategies to managethose risksDemonstrates limitedawareness of risks andrisk managementstrategiesAnalyses project risksand developsstrategies to managethose risksDemonstrates acapacity to explainrisks and riskmanagementstrategiesPresents a coherentand detailed analysis ofproject risks anddevelops a range ofstrategies to managethose risksWell demonstratedcapacity to explainrisks and riskmanagementstrategiesCritically analyses andevaluates project risksand formulate a rangeof strategies toeffectively managethose risksMastery of risks andrisk managementstrategies andapplication to furtherlearningReporting andstakeholdercommunication45%Limited knowledge,skill and/or experiencein stakeholders andcommunicationmanagement.Difficult to understandfor audience, nological/clear structure,poor flow of ideas,argument lackssupporting evidence.Understandsstakeholders andcommunicationmanagement principlesand processes.Information,arguments andevidence are presentedin a way that is notalways clear andlogical.Identifies keystakeholders andcommunicationprocesses.Information,arguments andevidence are wellpresented, mostly clearflow of ideas andarguments.Identifies keystakeholders andcommunicationprocesses.Articulates appropriatestrategies tocommunicate projectrisk analysis result withkey stakeholders.Information,arguments andevidence are very wellpresented; thePerforms high level ofcommunication andstakeholder analysis.Clearly demonstrateseffective strategies tocommunicate results ofthe project risk analysiswith a range of keystakeholders.Expertly presented; thepresentation is logical,persuasive, and wellsupported by evidence, PROJ6003_assessment 2 brief_February 2020.docx Page 8 of 8 presentation is logical,clear and wellsupported by evidence.Demonstrates culturalsensitivity.demonstrating a clearflow of ideas andarguments.Demonstrates highlevels of culturalsensitivityUse of academic anddiscipline conventionsand sources ofevidence10%Poorly written witherrors in spelling,grammar.Demonstratesinconsistent use ofgood quality, credibleand relevant researchsources to support anddevelop ideas.There are mistakes inusing the APA style.Is written according toacademic genre (e.g.with introduction,conclusion orsummary) and hasaccurate spelling,grammar, sentenceand paragraphconstruction.Demonstratesconsistent use ofcredible and relevantresearch sources tosupport and developideas, but these arenot always explicit orwell developed.There are no mistakesin using the APA style.Is well-written andadheres to theacademic genre (e.g.with introduction,conclusion orsummary).Demonstratesconsistent use of highquality, credible andrelevant researchsources to support anddevelop ideas.There are no mistakesin using the APA style.Is very well-written andadheres to theacademic genre.Consistentlydemonstrates expertuse of good quality,credible and relevantresearch sources tosupport and developappropriate argumentsand statements. Showsevidence of readingbeyond the key readingThere are no mistakesin using the APA style.Expertly written andadheres to theacademic genre.Demonstrates expertuse of high-quality,credible and relevantresearch sources tosupport and developarguments andposition statements.Shows extensiveevidence of readingbeyond the key readingThere are no mistakesin using the APA Style.