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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)

Your final submission is a cumulative submission in which you combine the outputs from milestones 1, 2, and 3. This submission is the risk management plan for your selected project. It must consist of the following two parts:

1. Part 1 (presentation (submit as a separate file)):

1. Describe  the general approach to managing risk on your project (one slide)

2. Define specific approaches, tools, and data sources that were used to perform the risk management on the project (one slide)

3. Risk categories used and risks identified (one slide)

4. Stakeholder summary--identification and risk appetite (one slide)

5. Result of qualitative risk analysis (one slide)

6. Result of quantitative risk analysis (one slide)

7. Risk responses planned for the project (one slide)

8. Strategies for implementing risk responses and monitoring risks (one slide)

9. Summary and conclusions (one slide)

2. Part 2 (PDF (submit as a separate file))

1. Outputs from Milestones 1, 2 and 3 after incorporating comments from the instructors and any other changes/improvements

 

Rubric

Semester Project Milestone 4 Rubric

Semester Project Milestone 4 Rubric
Criteria	Ratings	Pts
This criterion is linked to a Learning OutcomePresentation content and analysis	200.0 to >175.0 pts Above expectations 175.0 to >140.0 pts Meets expectations 140.0 to >100.0 pts Provides most of the required components 100.0 to >0 pts Below expectations	200.0 pts
This criterion is linked to a Learning OutcomeFinalized Outputs from Milestones 1, 2 and 3	100.0 to >85.0 pts Above expectations 85.0 to >70.0 pts Meets expectations 70.0 to >50.0 pts Provides most components 50.0 to >0 pts Below expectations	100.0 pts
Total Points: 300.0

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