Project Management Risk Management

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Project Management and Risk Management

Purpose of this Assignment

This assignment gives you the opportunity to apply the concepts of the IFSM curriculum to develop a strategy for Project Management and Risk Management for your proposed technology solution. This assignment specifically addresses the following course outcomes to enable you to:

· Evaluate, select, and apply appropriate analytical and measurement methods/tools and system development life cycle (SDLC) – methodologies to meet organizational needs.

· Research, assess, recommend/select, and implement information technology that aligns with business needs and meets business objectives.

· Effectively communicate with stakeholders orally, visually, and in writing to determine stakeholders' business requirements, explain how their requirements will be met, and provide ongoing audience-appropriate information.

· Responsibly protect organizations' critical information and assets by integrating cybersecurity best practices and risk management throughout global enterprises.

· Plan, execute, and evaluate technology solutions to achieve strategic goals by managing high-performing teams and projects.

It also addresses the business strategy, project management, risk management, SDLC and teamwork themes.

Assignment

The assignment is to develop Sections VI and VII of the Business Case, which provide the Project Management Section and Risk Management Section for the specific technical solution being proposed.

1. Project Management. This section of the business case provides a summary of the plan for managing and implementing the proposed project. It should identify the members of the Project Team, not by name, but by job function or skill set required. It should identify the major phases of the System Development Life Cycle (SDLC) with timelines for each phase and include other related activities, as appropriate to the proposed solution. A complete “Project Management Plan” would be separately developed and contain much more detail than is required here. This section should be completed in a few short paragraphs, using tables or lists as appropriate.

2. Risk Management. For this section of the business case, the Risk Matrix below will be completed. In addition to the matrix, the most significant risks should be highlighted and pointed out to the decision makers who will be using the Business Case. The document “How To Guide to Risk Management” should be used as a resource. For major projects, a separate “Risk Management Plan” would be developed and contain much more detail than is required here. This section should be completed in a few short paragraphs in addition to the matrix.

3. Risk Matrix. Using the Case Study, the “How To Guide,” and the IT solution you proposed, complete the risk analysis matrix provided below, describing for each Area of Risk:

a. how that area applies to your proposed IT solution for the Case Study,

b. the probability (High/Medium/Low) of its occurrence,

c. impact (High/Medium/Low) on the organization if it does occur,

d. a strategy to mitigate the risk, and

e. a contingency plan in the event that it occurs.

Explanations of each of the Areas of Risk are available in the document “How to Guide to Risk Management,” pages B3-B7. Definitions for probability of occurrence and impact may be found on page 7, an example of a mitigation strategy is given on page 9, and an explanation of a contingency plan is on page 8 of the same document. The table below may be copied, pasted and completed. Do not limit your responses to the space shown in table, but provide complete answers for “Description,” “Strategy for Mitigation,” and “Contingency Plan.”

Area of Risk	Description	Probability of Occurrence	Impact of Occurrence	Strategy for Mitigation	Contingency Plan
Strategic
Business
Feasibility
Risk of Creating a Monopoly
Capability to Manage Investment
Organization and Change Management
Dependencies and Interoperability
Security
Surety (Asset Protection)
Privacy
Project Resources
Schedule
Initial Cost
Life Cycle Cost
Technical Obsolescence
Technology Environment
Reliability of Systems
Data and Information
Overall Risk of Investment Failure

Assignment Submission

The group member responsible for submitting this assignment will post it in the Assignment Folder and the appropriate Week 6 discussion area by the due date. The cover sheet for the Word document should include the names of all team members who contributed to the assignment. (Refer to the Group Project Instructions for explanation of contributors.)

GRADING RUBRIC:

Criteria

90-100%

Far Above Standards

80-89%

Above Standards

70-79%

Meets Standards

60-69%

Below Standards

< 60%

Well Below Standards

Possible Points

Project Management

33-37 Points

The project management section is thorough, clearly described, logical and appropriate to the Case Study and to the previously submitted sections of the Business Case. All phases of the SDLC, timelines and other related activities are included. Demonstrates sophisticated analysis and critical thinking and sophisticated writing.

30-32 Points

The project management section is complete, clearly described, logical and appropriate to the Case Study and to the previously submitted sections of the Business Case. All phases of the SDLC, timelines and other related activities are included. Demonstrates analysis and critical thinking and effective writing.

26-29 Points

The project management section is logical and appropriate to the Case Study and to the previously submitted sections of the Business Case. All phases of the SDLC, timelines and other related activities are included.

22-25 Points

The project management section may not be complete, may not be clearly described, may not be logical and/or may not be appropriate to the Case Study and/or the previously submitted sections of the Business Case. All phases of the SDLC, timelines and other related activities may not be included.

0-21 Points

No project manage-ment section is included, or minimal effort is demon-strated.

Risk Management

13-15 Points

The Risk Management Section is thorough, clear, logical and appropriate to the Case Study and to the previously submitted sections of the Business Case. The most significant risks are appropriately highlighted. Demonstrates sophisticated analysis and critical thinking and sophisticated writing.

12 Points

The Risk Management Section is clear, logical and appropriate to the Case Study and to the previously submitted sections of the Business Case. The most significant risks are appropriately highlighted. Demonstrates analysis and critical thinking and effective writing.

10-11 Points

The Risk Management Section is appropriate to the Case Study and to the previously submitted sections of the Business Case. The most significant risks are appropriately highlighted.

9 Points

The Risk Management Section may be lacking in completeness and/or clarity and/or logic; it may not be appropriate to the Case Study and to the previously submitted sections of the Business Case. The most significant risks may not be appropriately highlighted.

0-8 Points

No risk manage-ment section is included, or minimal effort is demon-strated.

Risk Matrix

34-38 Points

The Description, Probability, Impact, Mitigation Strategy and Contingency Plan for each area of risk is appropriate, logical and applies to the Case Study and the proposed solution. Demonstrates sophisticated analysis and critical thinking and sophisticated writing.

30-33 Points

The Description, Probability, Impact, Mitigation Strategy and Contingency Plan for each area of risk is logical and applies to the Case Study and the proposed solution. Demonstrates analysis and critical thinking and effective writing.

27-29 Points

The Description, Probability, Impact, Mitigation Strategy and Contingency Plan for each area of risk is logical and applies to the Case Study and the proposed solution.

23-26 Points

The Description, Probability, Impact, Mitigation Strategy and Contingency Plan for each area of risk may not be logical and/or apply to the Case Study and/or the proposed solution. Some areas may not be addressed.

0-22 Points

Risk matrix is not included, or minimal effort is demon-strated.

Format

9-10 Points

Submission reflects effective organization and sophisticated writing; follows instructions provided; uses correct structure, grammar, and spelling; presented in a professional format using Word; any references used are appropriately incorporated and cited using APA style.

8 Points

Submission is well organized; follows instructions provided; uses correct structure, grammar, and spelling; presented in a professional format using Word; any references used are appropriately incorporated and cited using APA style.

7 Points

Submission is organized; follows instructions provided; contains few errors in structure, grammar, and/or spelling; presented in Word format; any references used are appropriately incorporated and cited using APA style.

6 Points

Submission may not be well organized; and/or does not follow instructions provided; and/or contains grammar and/or spelling errors; and/or is not in Word format; and/or does not follow APA style for any references and citations.

0-5 Points

Document is extremely poorly written and does not convey the informa-tion.

TOTAL Points Possilbe

100