Category Archives: CPMGT 302

Complete the University of Material: Risk Identification Scenarios worksheet. Insert the values which correspond to the probability of those risks, and the impact of the risk events

For each risk scenario – write a 50 to 100 word description on how you would document and mitigate the risks you identified.

Format the worksheet by including in-text citation and a reference page consistent with APA guidelines.

Submit the completed University of Material: Risk Identification Scenarios Worksheet

Risk Identification Scenarios

Review each of the following scenarios and identify the risk events, the probability of those risks, and the impact of the risk events. Some scenarios may have more risks than others.

Scenario One

A retail firm has a project that is focused on expansion into third-world countries to sell pharmaceutical products. The project timeline is, as always, aggressive. The scope is well documented and understood by the project team and key members of the firm. The firm is financially sound, with project funds secure; however, the stakeholders expect that the project will pay for itself within 2 years of deployment.

Scenario Two

A construction company has been awarded the contract to build a pipeline in Alaska. The project timeline is of the highest priority because work can only be completed during summer months due to adverse weather conditions. One of the suppliers of a key component has longer lead time than is required to complete the pipeline, but may be able to deliver if the construction company will pay fees to expedite. There are other suppliers, but these suppliers are not on the construction company’s approved suppler list and it would take time to get them approved. There is a huge penalty in the contract if the project is not completed on time.

Scenario Three

A telecommunications company has just assigned you to be project manager for a product improvement project. The scope statement of the project simply says, “Make this product better.” The engineering team believes that they know how to make the product better and have ignored ideas from the sales team. The project funds are secure, as the company believes that improving this product will give them strategic advantages.

UOP CPMGT 302 Week 1 Risk Management Small Group Discussion NEW

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UOP CPMGT 302 Week 1 Risk Management Small Group Discussion NEW

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CPMGT 302 Week 1 Risk Management Small Group Discussion NEW

Discuss the role of risk management in the project planning process in small groups by completing the related “Risk Management Discussion” learning activity.

Submit a response of 250 to 350 words in length summarizing your small group’s discussion of the role of risk management in the project planning.

A discussion summary is not a paper when you can assign sections out to team members. A discussion summary is brief but first requires that you have a team discussion. Everyone must participate equally and early in the week to earn full credit.

UOP CPMGT 302 Week 2 Performing Risk Analysis Discussion (2 Response) NEW

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UOP CPMGT 302 Week 2 Performing Risk Analysis Discussion (2 Response) NEW

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CPMGT 302 Week 2 Performing Risk Analysis Discussion (2 Response) NEW

Review the Week 1 Activity Performing Risk Analysis (PMBOK® Guide Fifth Edition) course individually.

Discuss the Project Risk Management course with your Learning Team:

 What qualitative risk analysis techniques did you learn about in the course?

 Describe a real-world project management example of when you would use one or more of the qualitative risk analysis techniques your team identified.

Agree collectively on a response to the discussion question.

Submit a Learning Team response of 250 to 350 words in length.

UOP CPMGT 302 Week 2 Risk Management Breakdown Structure Paper NEW

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UOP CPMGT 302 Week 2 Risk Management Breakdown Structure Paper NEW

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CPMGT 302 Week 2 Risk Management Breakdown Structure Paper NEW

Select an organization you are familiar with as the basis of the paper.

Read the following scenario for the selected organization:

Risk involves uncertainty, the lack of knowledge of future events, and the measures of profitability and consequences of not achieving the project goal. Your organization has decided that to be successful in the global economy it must expand its supply base into China or another country approved by your instructor. This has become a strategic project for the organization.

Resource: Figure 11-4 in A Guide to the Project Management Body of Knowledge (PMBOK®Guide)

Write a 1,400- to 2,100-word paper in which you address the following risk management items for this supplier global expansion project:

 Describe the objectives and goals, tools and techniques, and organizational roles and responsibilities for effective risk management for the project.

 Describe various information sources that may be used by the project team for risk identification.

 Identify and describe the risk management documentation that will be required for the project. Examples include RMP and risk management log or register.

 Explain the role of risk management in the project planning process.

Create a risk breakdown structure, which outlines the organization’s risk categories. See Figure 11-4 in the PMBOK® Guide. Consider the following categories:

 Project risks

 Business

 Contract relationships with customers and suppliers

 Management

 Political

 Organizational risks

 Project management risks

 Cost estimates

 Schedule estimates

 Communication

 Technical risks

 Production risks

 Manufacturing concerns

 Logistics

 Support risks

 Maintainabilit

 Warranty

 External risks

 Procurement

 Material availability

 Lead times

 Quality

 Market

Format your paper consistent with APA guidelines.

UOP CPMGT 302 Week 3 Assignment Risk Management Paper NEW

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UOP CPMGT 302 Week 3 Assignment Risk Management Paper NEW

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CPMGT 302 Week 3 Assignment Risk Management Paper NEW

Agree on using one of the organizations individual team members used in Week 2.

Your organization has determined that more resources are required to complete the project’s risk management process for the expansion into China or another country approved by your instructor. Your team has been asked to perform a risk analysis, develop risk responses, and determine how the project will monitor and control risks.

Resource: Risk Breakdown Structure from Part I and University of Material: Risk Project Log

Write a 1,050- to 1,400-word paper in which you do the following:

Identify the risks associated with the supplier expansion. Document those risks in the Risk Project Log template.

Perform a qualitative risk analysis using risk probability and impact analysis.

Perform quantitative risk analysis.

Determine and document the criteria used to determine which risks will have a risk response plan.

Outline the timing–when and how often–of the risk management process in the project life cycle, including risk monitoring and controlling processes. Consider the following:

Risk reassessment

Risk audits

Status meetings

Format your paper and presentation consistent with APA guidelines.

UOP CPMGT 302 Week 3 Risk Response and Control Discussion NEW

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UOP CPMGT 302 Week 3 Risk Response and Control Discussion NEW

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CPMGT 302 Week 3 Risk Response and Control Discussion NEW

Review the Week 2 Risk Response and Control (PMBOK® Guide Fifth Edition) course individually.

Discuss the Risk Response and Control course with your Learning Team:

 What strategies for handling negative risk did you learn about in the course?

 Describe a real-world project management example of when you would use one or more of the strategies to handle negative risk your team identified.

 What strategies for handling positive risk did you learn about in the course?

 Describe a real-world project management example of when you would use one or more of the strategies to handle positive risk your team identified.

Agree collectively on a response to the discussion question.

Submit a Learning Team response of 250 to 350 words in length.

UOP CPMGT 302 Week 4 Assignment Procurement Planning Paper NEW

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UOP CPMGT 302 Week 4 Assignment Procurement Planning Paper NEW

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CPMGT 302 Week 4 Assignment Procurement Planning Paper NEW

Write a 1,050- to 1,400-word paper in which you do the following:

 Describe the project procurement planning process. See Section 12.1 in the PMBOK®Guide.

 Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable.

 Explain the various contract types and describe who–buyer or seller–has the most at risk for each contract type.

 Describe a source selection criterion that would be applicable to any project and identify three criteria that would apply to most projects. See Section 12.1.3.5 in thePMBOK® Guide.

 Analyze the ethical concerns that should be considered when identifying source selection criteria.

 Explain the role of risk management in the procurement planning process.

Format your paper consistent with APA guidelines.

UOP CPMGT 302 Week 4 Planning Project Procurement Management Discussion NEW

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UOP CPMGT 302 Week 4 Planning Project Procurement Management Discussion NEW

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CPMGT 302 Week 4 Planning Project Procurement Management Discussion NEW

Review the Week 3 Planning Project Procurement Management (PMBOK® Guide Fifth Edition) course individually.

Discuss the Planning Project Procurement Management course with your Learning Team:

 What common tools and techniques for planning project procurement did you learn about in the course?

 What factors need to be considered in a make-or-buy analysis?

 Describe a real-world project management example of when you would use one or more of the tools and techniques for planning project procurement your team identified.

Agree collectively on a response to the discussion question.

Submit a Learning Team response of 250 to 350 words in length.

UOP CPMGT 302 Week 4 Planning Project Procurement Management Discussion NEW

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