Risk Management Presentation & Risk Management Plan Completion

Week 5 – Completion of Risk Management Plan (Week 1 Draft)

Overview and Rationale

In order to demonstrate proficiency with the content in this course we will complete a number of different assignments to validate

your learning – and allow you to implement relevant practices a real-world setting.

Program Level - Student Learning Outcomes:

• Create a risk management plan to determine how both positive and negative risks will be identified, analyzed and managed

• Articulate the value and benefits of creating an effective approach to planning for project risk management

• Identify project related risks and their drivers by integrating best practices, tools and techniques

• Analyze risks using qualitative methods for the purpose of risk exposure and prioritization and communicate their impact to the stakeholders

• Analyze risks using quantitative methods for the purpose of risk exposure and prioritization and communicate their impact to the stakeholders

• Recommend risks for risk response planning or watch list

• Devise a risk response plan based on appropriate techniques and strategies that would meet

o Stakeholders’ expectations

• Execute the risk management plan to continuously monitor risks and risk responses

• Describe how organizational and cultural factors may undermine implementation of effective risk management and develop strategies to overcome these factors

Essential Components

This assignment provides the opportunity to review risk management practices and complete the Risk Management Plan.

• For this assignment, we are going back in time in the project risk management process - back to the start of this term and building on the

draft of the Risk Management Plan.

• For Week 1, you drafted considerations for the Risk Management Plan for your individual project. At that point, we were not able to actually write the risk management plan since we had not yet reviewed the tools and techniques you would need to include in it to create it.

• As we moved through the term, we did review those tools and techniques which would then allow you build a comprehensive risk management plan at project start - based on our conversations on the risk management process.

• Now, we are going back in time - back to "project start" and "pretending" that we have not done the risk work for this project.

• You will create the risk management plan for the project (assuming we are at project start) that reflects the breadth and depth of how risk

work would be/ will be done on your project based on our learnings this term. Again, to note, the risk management plan would be created prior to the development of the risk register, the actual risk work and guides how the risk work will be done.

• Your risk management plan should connect to the formal work done through our lectures, readings, and discussion boards, as well as

other research you may conduct.

• The format for this Week 5 risk management plan is a Word Document. Cite any sources. The writing style should be concise and

straightforward. Please use a 12-point font.

Assignment Rubric

Category Above Standard Meets Standards Approaching

Standards Below Standards Not

Evident

Assignment requirements

(70%)

Goes well above the requirements of the assignment.

Goes above the minimum requirements of the

Meets minimum assignment requirements

Meets some assignment requirements

Does not meet the requirements of the assignment.

Provides new information, tools,

assignment

and/or techniques

Critical Thinking Professional insights Comprehensive Includes an explanation Includes a general Does not explain the (15%) into depth and breadth explanation of the of the issue; explanation of the issue issue; does not explore

of assignment - goes issue; exploration of exploration of expert but is vague or is not expert viewpoints or

WELL beyond expert viewpoints and viewpoints and use of clearly linked to the use evidence to inform

assignment use of evidence to evidence to inform identified risks; interpretation and

requirements to inform interpretation interpretation and includes some analysis; does not

explore risks and/or and analysis; thorough analysis; includes an exploration of expert provide an evaluation

relevant new evaluation of the evaluation of the viewpoints and use of of the context

techniques. context (historical, context (historical, evidence to inform (historical, ethical,

ethical, cultural, ethical, cultural, interpretation and cultural, environmental

environmental or environmental or analysis; includes a or circumstantial

circumstantial circumstantial general evaluation of settings), and self and

settings), and self and settings), and self and the context (historical, others’ assumptions

others’ assumptions others’ assumptions ethical, cultural, and perspectives when

and perspectives when and perspectives when environmental or stating a position;

stating a position; well- stating a position; circumstantial conclusions are not

informed conclusions conclusions are based settings), and self and based on prioritized

based on methodically on methodically others’ assumptions evidence and

and perspectives when perspectives.

stating a position, but

prioritized evidence

and perspectives. prioritized evidence

and perspectives. lack specificity;

conclusions are based

on prioritized evidence

and perspectives.

Communication (10%) (includes grammar and clarity)

Goes well beyond

assignment

requirements to

communicate

information in a

precise, insightful and

professional manner.

Assignment is well

organized, and the

format can be followed.

It is evident to reader

what is contained in

each section of the

report. High quality

grammar. No

misspellings.

Assignment is

organized, and the

format can be followed.

It is evident to reader

what is contained in

each section of the

report. High quality

grammar. No

misspellings.

Assignment is well

organized, and the

format can be followed.

It is evident to reader

what is contained in

each section of the

report. Good quality

grammar. Minor

misspellings.

Assignment is not

organized. It is not

evident to reader what

is contained in each

section of report. Low

quality grammar,

misspellings.

Formatting Virtually no errors in Rare errors in Some errors in Multiple errors in Does not submit (5%) formatting, citations, formatting, citations, formatting, citations, formatting, citations, assignment materials

NOTE: Gross or references. or references. or references. or references. in APA 6 format.

failure to provide PROPER citations and references – particularly with regard to direct quotes – will result in sanctions as outlined in the academic honesty policy