Risk Management
SEMESTER 2 2021/22
COURSEWORK BRIEF:
Module Code: MANG6143 Assessment: Essay Weighting: 100%
Module Title: Project Risk Management
Module Leader: Dr. Mario Brito
Submission Due Date: @ 16:00 16 May 2022 Word Count: 3000
Method of Submission: Electronic via Blackboard Turnitin ONLY (Please ensure that your name does not appear on any part of your work)
Any submitted after 16:00 on the deadline date will be subject to the standard University late penalties (see below), unless an extension has been granted, in writing by the Senior Tutor, in advance of the deadline.
University Working Days Late: Mark:
1 (final agreed mark) * 0.9
2 (final agreed mark) * 0.8
3 (final agreed mark) * 0.7
4 (final agreed mark) * 0.6
5 (final agreed mark) * 0.5
More than 5 0
This assessment relates to the following module learning outcomes:
A. Knowledge and Understanding A1. discuss the usefulness of a variety of risk management frameworks; A2. understand the motives for undertaking formal risk management processes; A3. describe the issues to be addressed in establishing a formal process.
B. Subject Specific Intellectual and Research Skills B1. discuss the application of a formal risk management process in a project context; B2. identify a comprehensive list of sources of uncertainty associated with any project.
C. Transferable and Generic Skills C1. distinguish between uncertainty and risk; C2. focus on sources of uncertainty that matter the most; C3. understand the role of opportunity in general terms.
3
Coursework Brief:
Start to make notes for your assessment essay from the outset, addressing all three parts, with an initial focus on Part 1. Additional reading, using references provided in the text book in a selective manner, should be used to support the understanding developed by the lectures, the case studies, and reading the module core textbook. In your examples, please consider contemporary risks. Part 1 50% of the total marks 1000 words maximum Explain concisely in your own words what you believe are the key features of an EP approach, comparing these features with the IRM Risk Management Standard. Focus your explanation on the Concept Stage of the project lifecycle. Very briefly explain what the key features of the EP approach and the main differences with the IRM Risk Management Standard. In this section, it is important that you show your understanding of the four frameworks and how they are interrelated. In your narrative explain how you would approach a new project using the four frameworks. Feel free to use examples to demonstrate your understanding of the subject. Your
SEMESTER 2 2021/22
answer should be based on the material discussed in the lectures and presented in the recommended reading. Part 2 25% of the total marks 1000 words maximum For the structure (all uncertainty) phase of the EP approach, in the Concept strategy progress stage of a project’s lifecycle, explain concisely in your own words what you believe are the key features of an EP approach, briefly comparing these features with the IRM Risk Management standard. Your discussion should demonstrate your ability to understand a particular area of the course material in depth, based on selective reading, critical analysis and the case study exercises. Use examples to illustrate your discussion if you wish but concentrate on concepts and principles. Part 3 25% of the total marks 1000 words maximum Select a different phase of the EP approach, now in the execution and delivery stage of the project lifecycle. Apply the SPP to a project of your choice. Discuss the challenges and benefits of the SPP process. Draw on published literature to support your arguments. Explain why you have chosen this phase. To show your understanding of this phase of the SPP compare this phase to an analogous phase in the IRM Risk Management Standard. Purpose of the assessment essay One obvious purpose is to provide a basis for assessing your performance in terms of achieving the desired learning outcomes. The form of assessment being used is also intended to encourage an effective approach to becoming familiar with the material the unit covers in a critical manner. You may find it useful to imagine you are trying to explain to yourself or someone else what the key learning points were in relation to your attendance at lectures, reading, and critically assessing both, viewing the essay as a framework for consolidating your thinking. You may use a case study context or other examples to illustrate points if you wish but concentrate on key generic issues and avoid discussing the details of a particular example or case study.
Nature of Assessment: This is a SUMMATIVE ASSESSMENT. See ‘Weighting’ section above for the percentage that this
assignment counts towards your final module mark.
Word Limit: +/-10% either side of the word count (see above) is deemed to be acceptable. Any text that exceeds an
additional 10% will not attract any marks. The relevant word count includes items such as cover page, executive
summary, title page, table of contents, tables, figures, in-text citations and section headings, if used. The relevant word
count excludes your list of references and any appendices at the end of your coursework submission.
You should always include the word count (from Microsoft Word, not Turnitin), at the end of your coursework
submission, before your list of references.
Title/Cover Page: You must include a title/ cover page that includes: your Student ID, Module Code, Assignment Title,
Word Count. This assignment will be marked anonymously, please ensure that your name does not appear on any part
of your assignment.
References: You should use the Harvard style to reference your assignment. The library provide guidance on how to reference in the Harvard style and this is available from: http://library.soton.ac.uk/sash/referencing
SEMESTER 2 2021/22
Submission Deadline: Please note that the submission deadline for Southampton Business School is 16.00 for ALL
assessments.
Turnitin Submission: The assignment MUST be submitted electronically via Turnitin, which is accessed via the
individual module on Blackboard. Further guidance on submitting assignments is available on the Blackboard support
pages.
It is important that you allow enough time prior to the submission deadline to ensure your submission is processed on time as all late submissions are subject to a late penalty. We would recommend you allow 30 minutes to upload your work and check the submission has been processed and is correct. Please make sure you submit to the correct assignment link. You will know that your submission has completed successfully when you see a message stating ‘Congratulations – your submission is complete…’. It is vital that you make a note of your Submission ID (Digital Receipt Number). This is a unique receipt number for your submission, and is proof of successful submission. You may be required to provide this number at a later date. We recommend that you take a screenshot of this page, or note the number down on a piece of paper. You should also receive an email receipt containing this number, and the number can be found after submitting by following this guide. This method of checking your submission is particularly useful in the event that you don’t receive an email receipt. You are allowed to test submit your assignment via Turnitin before the due date. You can use Turnitin to check your
assignment for plagiarism before you submit your final version. See “Viewing Your Originality Report” for guidance.
Please see the Module Leader/lecturer on your module if you would like advice on the Turnitin Originality report.
The last submission prior to the deadline will be treated as the final submission and will be the copy that is assessed by the marker. It is your responsibility to ensure that the version received by the deadline is the final version, resubmissions after the deadline will not be accepted in any circumstances. Important: If you have any problems during the submission process you should contact ServiceLine immediately by email at Serviceline@soton.ac.uk or by phone on +44 (0)23 8059 5656.
Late Penalties: Further information on penalties for work submitted after the deadline can be found here.
Special Considerations: If you believe that illness or other circumstances have adversely affected your academic
performance, information regarding the regulations governing Special Considerations can be accessed via the
Calendar: http://www.calendar.soton.ac.uk/sectionIV/special-considerations.html
Extension Requests: : Extension requests along with supporting evidence should be submitted to the Student Office
as soon as possible before the submission date. Information regarding the regulations governing extension requests
can be accessed via the Calendar: http://www.calendar.soton.ac.uk/sectionIV/special-considerations.html
Academic Integrity Policy: Please note that you can access Academic Integrity Guidance for Students via the Quality
Handbook: http://www.southampton.ac.uk/quality/assessment/academic_integrity.page?. Please note any
suspected cases of Academic Integrity will be notified to the Academic Integrity Officer for investigation.
Feedback: Southampton Business School is committed to providing feedback within 4 weeks (University working days).
Once the marks are released and you have received your feedback, you can meet with your Module Leader / Module
Lecturer / Personal Academic Tutor to discuss the feedback within 4 weeks from the release of marks date. Any
additional arrangements for feedback are listed in the Module Profile.
Student Support: Study skills and language support for Southampton Business School students is available at:
http://www.sbsaob.soton.ac.uk/study-skills-and-language-support/.
SEMESTER 2 2021/22
External Examiner:
Final Approval by External Examiner Date:
Module Leader Response to External Examiner:
(Please note these comments are REQUIRED and will be sent to the External Examiner)