CPMGT/302 - PROCUREMENT AND RISK MANAGEMENT
Instructor: PEGGY SINNESS
Schedule:01/06/2015 - 02/09/2015
Campus: ONLINE MAIN
Group ID: BSAV1FFMZ3
Week 2
1. Week 2 Participation (Discussion Question)
Please respond to this question:
As you've noted during the past 2 weeks, the section (Chapter 11) of the PMBOK is a useful reference to you for our topic at hand. How many of you are familiar with the PMBOK? Have you used these guidelines in the past?
As you've noted during the past 2 weeks, the section (Chapter 11) of the PMBOK is a useful reference to you for our topic at hand.
How many of you are familiar with the PMBOK? Have you used these guidelines in the past? Your response should be a minimum of 100 words. Please include examples/experiences.
2. Performing Risk Analysis Discussion (Team assignment)
Review the Week 1 Activity Performing Risk Analysis (PMBOK® Guide Fifth Edition) course individually.
Discuss the Project Risk Management course with your Learning Team:
What qualitative risk analysis techniques did you learn about in the course?
Describe a real-world project management example of when you would use one or more of the qualitative risk analysis techniques your team identified.
Agree collectively on a response to the discussion question.
Submit a Learning Team response of 250 to 350 words in length.
3. Risk Management Breakdown Structure Paper (Individual assignment)
Select an organization you are familiar with as the basis of the paper.
Read the following scenario for the selected organization:
Risk involves uncertainty, the lack of knowledge of future events, and the measures of profitability and consequences of not achieving the project goal. Your organization has decided that to be successful in the global economy it must expand its supply base into China or another country approved by your instructor. This has become a strategic project for the organization.
Resource: Figure 11-4 in A Guide to the Project Management Body of Knowledge (PMBOK® Guide)
Write a 1,400- to 2,100-word paper in which you address the following risk management items for this supplier global expansion project:
· Describe the objectives and goals, tools and techniques, and organizational roles and responsibilities for effective risk management for the project.
· Describe various information sources that may be used by the project team for risk identification.
· Identify and describe the risk management documentation that will be required for the project. Examples include RMP and risk management log or register.
· Explain the role of risk management in the project planning process.
Create a risk breakdown structure, which outlines the organization's risk categories. See Figure 11-4 in the PMBOK® Guide. Consider the following categories:
· Project risks
o Business
o Contract relationships with customers and suppliers
o Management
o Political
· Organizational risks
· Project management risks
o Cost estimates
o Schedule estimates
o Communication
· Technical risks
· Production risks
o Manufacturing concerns
o Logistics
· Support risks
o Maintainability
o Warranty
· External risks
o Procurement
§ Material availability
§ Lead times
§ Quality
· Market
Format your paper consistent with APA guidelines.