final project risk

Overview

The semester project is a hands-on learning opportunity to reinforce the material learned throughout the course of this semester. The semester project work will allow you to bring to life some of the concepts taught during the course and galvanize your understanding of the material. In addition, the semester project work will provide you with practical skills and experience that are highly sought after in the work place. It may seem a little overwhelming at first, however, I will be your guide and I will be teaching you during your journey. This project will require a considerable amount of time to complete, so you should begin working on this by the second week of class. It will require that you conduct some research, apply newly obtained skills, and interact with your instructor. If you get stuck, remember, don’t spin your wheels or get frustrated - contact me for help.

Approach

· Each student will be assigned by the instructor to one project to work on (assignments will be available the second week of class – see full list below).

· You may work independently or select one other person in the class to work with. If you select one other person in the class to work with, both students must send the instructor an email by the end of the third week of class to confirm who their partner is and both students will receive the same grades for this assignment. Otherwise, I will expect you to complete your assigned project on your own.

· Research your selected project to fully understand it. You may do this by examining companies in that line of work or historical projects of a similar nature.

· Research the purpose and format of the various types of ‘project plan deliverables’ that you will produce (see below).

· Thoroughly review the materials that I have provided on Blackboard as a wealth of information is available that will assist you with your project.

· Communicate with your instructor on a regular basis as you will need to confirm your assumptions, gain clarity, and gather additional requirements

· Produce draft versions of your ‘project plan deliverables’ (see below) to share with your instructor as you progress to ensure that you are on the right track. This is very important and will significantly improve your chances of scoring well.

· Turn in the final version of your ‘project plan deliverables’ (see below) when they are due.

Project Plan Deliverables

1. Project Risk Management Plan (Must use MS-Word)

· The Project Risk Management Plan describes how risk management activities will be performed and who is responsible.

· The Project Risk Management Plan defines the tools, process and methodology used to manage risks on a project.

· The Project Risk Management Plan defines the roles and responsibilities for everyone who is involved in managing risks for a project. This includes who is leading the activity, who is providing the training, who identifies new risks, who updates the risk register, as well as other responsibilities.

· The Project Risk Management Plan describes how risk management activities will be funded.

· The Project Risk Management Plan describes the timing of risk reviews, the requirements for integration with schedule and budget, and the application of contingency reserves.

· Project Risk Management Plans come in many forms, however, for this class I have provided the template that you must use. All sections of this template must be completely filled out.

2. Project Risk Register (Must use MS-Excel)

· Project risks identify what could potentially go wrong during the course of the project – not overall company risk, departmental risks or some other project’s risks.

· Generally this is in the form of a sentence or two which describes the risk and the impact (i.e. Management decisions may not be made in a timely manner resulting in a delay in schedule)

· Your project should have a minimum of a two dozen risks and they should be as specific as possible using the guidance that I provide.

· The project risks should be specific to the project you are assigned to.

· The project risks should cover all phases of the project.

· Project Risk Registers come in many forms, however, for this class I have provided the template that you must use. All columns and tabs of this template must be completely filled out.

3. Project Quality Management Plan (Must use MS-Word)

· The project quality management plan describes how quality will be implemented on a project. It defines what quality looks like, how it will be implemented and who is responsible.

· The project quality management plan covers quality management, quality assurance and quality control.

· The project quality management plan defines the tools, processes and metrics to be used to ensure the appropriate level of quality is achieved for your project deliverables and that you are meeting expectations of your client.

· Quality Management Plans come in many forms, however, for this class I have provided the template that you must use. All sections of this template must be completely filled out.

Projects List

Please note that all construction projects listed below must include the design, engineering, and construction and assumes the work is self-performed or self-managed if you’re hiring a number of contractors to complete the work.

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