Risk Management

 

critically analyse the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed for a project involving a new technology developed by an international team that is to be launched within a six month time period.Refer to assignment 1 details attached and also the power point attached for the paper .Paper requires abstract (not in word count),contents,introduction,main body and conclusion.3000 words

Assignment 1
Word length 3000 words (do not exceed word limit). Do not include the abstract, table of contents, or list of references in the word count.
Assignment Brief
What exactly is risk from the viewpoint of a project manager or business with responsibility for planning, organising and managing projects? How can it be managed effectively and who should be responsible for this task?
You are required to critically analyse the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed for a project involving a new technology developed by an international team that is to be launched within a six month time period.
In completing this assignment, you should address how appropriate risk management strategies can assist in minimising risk for the project. Remember this is an academic piece of work – a literature review is mandatory.
Marking Scheme
Criteria Marks
Use of theory 30
Examples 30
Quality of argument 10
Reference to course ideas 10
Citation and References 10
Conclusions 10
Relates to Learning Outcomes:
• Locate, synthesise and critically evaluate recent/current information from a wide range of published literature in the area of Project Risk and Procurement Management
• Apply knowledge of the theory and practice of Project Risk and Procurement Management to develop insights into and solve current problems.
• Critically evaluate the use of complex models of Project Risk and Procurement Management; systematically and creatively making sound judgements based on the systematic analysis and creative synthesis of ideas.
• Critically and effectively assess the value of theories, concepts and models to the practice of Project Risk and Procurement Management.

Recommended books
Risk Management : 10 Principles by Jeynes, Jacqueline
Unit 1 Defining Risks – Chapter 1&2
Unit 2 Planning and Managing Risk – Chapter 3&4
Unit 3 Monitoring and Controlling Risk – Chapter 5&7

Sample Solution

ACED ESSAYS