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Semester Project--Developing a Project Risk Management Plan (500 marks)

As part of the semester project, students will  develop a set of project risk management planning documents  to be discussed in detail in the first face-to-face session. Main tasks to be accomplished are:

1. Students will select a hypothetical project or draw from a current work project and develop a project charter for the chosen project (Milestone 1; submission deadline 02/18/2020 at 11:59 pm; 50 marks)

2. Create risk management documents based upon templates, techniques, and examples provided in the PMI Practice standard for project risk management:

1. Risk Identification, Risk Register and Stakeholder List (Milestone 2; submission deadline 03/10/2020 at 11:59 pm; 50 marks)

2. Qualitative and Quantitative Risk Analysis Report (Milestone 3; submission deadline 04/07/2020 at 11:59 pm; 100 marks)

3. Risk management plan (cumulative) (Milestone 4; submission deadline 05/05/2020 at 11:59 pm; 300 marks)

For milestone  1, you are required to submit the project charter. The project charter is a one to two-page document that provided the following information:

· Project name

· Project purpose

· Measurable project objectives and related success criteria

· High-level requirements

· High-level project description, boundaries, and key deliverables

· Overall project risk

· Summary milestone schedule

· Preapproved financial resources

· Key stakeholder list

· Project approval requirements

· Project exit criteria

· Assigned project manager, responsibility and authority level 

· Name and authority of the project sponsor

Please see Chapter 4, Part 1 of the PMBOK guide. There are several project charter templates available online that you are free to use.

Rubric

Semester Project Milestone 1 Rubric

Semester Project Milestone 1 Rubric
Criteria	Ratings	Pts
This criterion is linked to a Learning OutcomeProject Charter	35.0 to >30.0 pts Project Charter above expectations 30.0 to >25.0 pts Project Charter meets expectations 25.0 to >15.0 pts Project Charter provides most of the required components 15.0 to >0 pts Project Charter below expectations	35.0 pts
This criterion is linked to a Learning OutcomeProject Charter format/template	10.0 to >7.0 pts Project Charter uses easy to understand format/template 7.0 to >4.0 pts Project Charter uses format/template with limited information 4.0 to >0 pts Project Charter format/template below expectations	10.0 pts
This criterion is linked to a Learning OutcomeProject selection	5.0 to >3.0 pts Good project selected 3.0 to >2.0 pts Project selected meets minimum requirement 2.0 to >0 pts Project selection below expectations	5.0 pts
Total Points: 50.0