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Due: Sunday, 11:59 p.m. EST of Unit 6.

Points: 100

Overview:

In this assignment, you will produce two documents: a project risk plan and the

Procurement Plan.

The Risk Management Plan is a document that a project manager prepares to foresee risks, estimate impacts, and define responses to issues. It also contains a risk assessment matrix. A risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives. The Procurement Management Plan is a part of the overall Project Management Plan. The document describes how items will be procured during the project and the approach you will use in managing vendors on the project. The student will learn how to identify risks and respond accordingly.

Instructions:

For both the risk management plan and procurement plan, you may use the template

posted in the unit or you can use your template as long as you obtain an approval from

your instructor.

Risk Management Plan Elements:

The purpose of risk management is to identify potential problems before they occur so that risk-handling activities may be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives. This plan should include:

 Processes on how to identify risks.  Processes on how to analyze identified risks.  Evaluation of risks or ranking risks.  Processes to respond to both negative and positive risks.  Monitor and review the risks.

Procurement Management Plan Elements:

Project procurement management is the creation of relationships with outside vendors and suppliers for goods and services needed to complete a project. This process is

PMG699 – Capstone

Unit 6 Assignment: Develop Risk & Procurement Plans

comprised of five steps, including initiating and planning, selecting, contract writing, monitoring, and closing and completing. At Minimum, your procurement plan should include:

 Introduction  Procurement methods  Procurement plan deliverables  Roles & Responsibilities

Assignment Guidelines:

 Project Risk plan: Three pages in length, excluding the Title and Reference

pages.

 Procurement plan: Three pages in length, excluding the Title and Reference

pages.

 APA format, including in-text citations for referenced works.

Be sure to read the criteria, by which your paper will be evaluated, before you

write, and again after you write.

Evaluation Rubric for Unit 2 Assignment

CRITERIA Deficient

Needs

Improvement

Proficient

Exemplary

0-23 points 24-31 points 32-39 points 40 points

Project Risk Plan The Project Risk

Plan is not

substantial and

does not include

most of the project

risk plan

elements.

The Project Risk

Plan is not

detailed and

contains some

elements of the

identifications,

Ranking, Risk

response

strategies and risk

controls.

The Project Risk

Plan is detailed

and contains

some elements of

the identifications,

Ranking, Risk

response

strategies and risk

controls.

The Project Risk

Plan is detailed

and contains all

the required

elements.

0-26 points 27-35 points 36-44 points 45 points

Procurement

Plan

Procurement Plan

is not substantial

and does not

include most of

the elements.

Procurement Plan

includes some

elements of the

contract types

without

justifications,

seller’s selection

criteria,

justifications for

materials,

equipment, and

labor.

Procurement Plan

includes some

elements of the

contract types,

seller’s selection

criteria,

justifications for

materials,

equipment, and

labor.

Procurement Plan

is detailed and

includes contract

types, seller’s

selection criteria,

justifications for

materials,

equipment, and

labor.

0-8 points 9-11 points 12-14 points 15 points

Clear and

Professional

Writing and APA

Format

Errors impede

professional

presentation;

guidelines not

followed.

Significant errors

that do not

impede

professional

presentation.

Few errors that do

not impede

professional

presentation.

Writing and format

are clear,

professional, APA

compliant, and

error free.