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Unit 5 - Individual Project
Assignment Details
Assignment Description
Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty
policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
Assignment:
In previous weeks, you selected a project around which to develop your Risk Management Strategy and Plan Key Assignment. In Week 1, you crafted a letter to the project
sponsor explaining the importance of project risk management. You also determined the high-level steps for conducting risk assessment and brainstormed on some of the
risk categories. In Week 2, you fully identified the individual project risks and analyzed them by determining their likelihood and impact. In Week 3, you determined the
mitigation strategies, which might include prevention, control, or ignoring the risk. In Week 4, you developed a project risks matrix with all of the information that you gathered
in Weeks 2 and 3, and you developed a risk monitoring and control approach and plan.
Now you are ready to embark on adding all of the risk management tasks to the overall project plan, as well as producing a well-thought-out communications plan. In the final
week, you will also revise the Key Assignment draft document based on feedback from your instructor and peers. Under the last sections, which are not filled in, you will
develop a very detailed WBS, contingency budget, and communications plan.
Deliverables:
The overall project deliverables are the following:
1. Update previously completed sections based on instructor feedback.
2. Complete "New Content" below, and copy it under the appropriate sections in Key Assignment Document called "Project Risks WBS and Budget Updates" and
"Project Risks Communication Plan."
New Content
Project Risks WBS and Budget Updates
Identify the additional tasks that are associated with planning, monitoring, and controlling risks.
Put this in a WBS structure so that they can be added to an existing plan.
Determine a contingency budget to mitigate the risks that are most likely to occur.
Determine additions to the project plan budget to monitor and control risks.
Project Risks Communications Plan
Identify the stakeholders that communications should go to.
Determine the frequency of communications.
Construct the types of reports and how they will be delivered.
Discuss how this might be integrated into the change management process.
Define who has the final authority for sign-off to extract from the contingency budget to mitigate risks.
3. Update the Key Assignment title page with a new date and project name.
4. Update previously completed sections based on instructor feedback.
5. Be sure to update your table of contents before submission.
6. Name the document "yourname_MPM344_IP5.doc."
7. Submit the final Key Assignment document for grading.
Please submit your assignment.
For assistance with your assignment, please use your text, Web resources, and all course materials including the Project Management Center by clicking
here.
Reading Assignment
Practice Standard for Project Risk Management, Chapters 6-7 and Appendix D
A Guide to the Project Management Body of Knowledge (PMBOK Guide)—Fifth Edition: Chapters 10 and 13
“PMBOK” is a registered mark of Project Management Institute, Inc.
Assignment Objectives
Employ the techniques for monitoring and controlling risks.
Describe how to communicate risk effectively to all project stakeholders.
Use effective communication techniques.
Use team and problem-solving skills to collaborate on a project.
Other Information
There is no additional information to display at this time.
Legend
Extra Credit View Assignment Rubric
Assignment Overview
Type: Individual Project
Unit: Communicating Project Risks
Due Date: Mon, 11/7/16
Grading Type: Numeric
Points Possible: 250
Points Earned: 0
Deliverable Length: 4,500 - 6,000 words, including the deliverables from previous
weeks.
Go To:
Assignment Details
Scenario
Learning Materials
Reading Assignment
My Work:
Online Deliverables: Submissions
®
2:50 PM (CDT)
Privacy Statement Terms and Conditions Contact Us
© 2016 Colorado Technical University. All Rights Reserved. Authorized Users Only.
Unit 5 - Individual Project
Assignment Details
Assignment Description
Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty
policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
Assignment:
In previous weeks, you selected a project around which to develop your Risk Management Strategy and Plan Key Assignment. In Week 1, you crafted a letter to the project
sponsor explaining the importance of project risk management. You also determined the high-level steps for conducting risk assessment and brainstormed on some of the
risk categories. In Week 2, you fully identified the individual project risks and analyzed them by determining their likelihood and impact. In Week 3, you determined the
mitigation strategies, which might include prevention, control, or ignoring the risk. In Week 4, you developed a project risks matrix with all of the information that you gathered
in Weeks 2 and 3, and you developed a risk monitoring and control approach and plan.
Now you are ready to embark on adding all of the risk management tasks to the overall project plan, as well as producing a well-thought-out communications plan. In the final
week, you will also revise the Key Assignment draft document based on feedback from your instructor and peers. Under the last sections, which are not filled in, you will
develop a very detailed WBS, contingency budget, and communications plan.
Deliverables:
The overall project deliverables are the following:
1. Update previously completed sections based on instructor feedback.
2. Complete "New Content" below, and copy it under the appropriate sections in Key Assignment Document called "Project Risks WBS and Budget Updates" and
"Project Risks Communication Plan."
New Content
Project Risks WBS and Budget Updates
Identify the additional tasks that are associated with planning, monitoring, and controlling risks.
Put this in a WBS structure so that they can be added to an existing plan.
Determine a contingency budget to mitigate the risks that are most likely to occur.
Determine additions to the project plan budget to monitor and control risks.
Project Risks Communications Plan
Identify the stakeholders that communications should go to.
Determine the frequency of communications.
Construct the types of reports and how they will be delivered.
Discuss how this might be integrated into the change management process.
Define who has the final authority for sign-off to extract from the contingency budget to mitigate risks.
3. Update the Key Assignment title page with a new date and project name.
4. Update previously completed sections based on instructor feedback.
5. Be sure to update your table of contents before submission.
6. Name the document "yourname_MPM344_IP5.doc."
7. Submit the final Key Assignment document for grading.
Please submit your assignment.
For assistance with your assignment, please use your text, Web resources, and all course materials including the Project Management Center by clicking
here.
Reading Assignment
Practice Standard for Project Risk Management, Chapters 6-7 and Appendix D
A Guide to the Project Management Body of Knowledge (PMBOK Guide)—Fifth Edition: Chapters 10 and 13
“PMBOK” is a registered mark of Project Management Institute, Inc.
Assignment Objectives
Employ the techniques for monitoring and controlling risks.
Describe how to communicate risk effectively to all project stakeholders.
Use effective communication techniques.
Use team and problem-solving skills to collaborate on a project.
Other Information
There is no additional information to display at this time.
Legend
Extra Credit View Assignment Rubric
Assignment Overview
Type: Individual Project
Unit: Communicating Project Risks
Due Date: Mon, 11/7/16
Grading Type: Numeric
Points Possible: 250
Points Earned: 0
Deliverable Length: 4,500 - 6,000 words, including the deliverables from previous
weeks.
Go To:
Assignment Details
Scenario
Learning Materials
Reading Assignment
My Work:
Online Deliverables: Submissions
®
