Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Project Management Expert

Scenario

Google has agreed to fund ATA's East Timor Solar project, but has requested a copy of the Project Risk Management Plan as part of their due diligence before final ‘sign-off'. Since you are a diligent international project manager assistant, you have already discussed the need for a risk management plan with Kate. In light of Google's request, Kate has asked you to put together a risk management brief for consideration.

We recommend you watch *all* of the ATA videos before you begin your assessment activities. You may need to review these specific videos for this assessment task:

- Video 3: Stakeholder Engagement and Management
- Video 4: Project Risks

Background

In Module 3, we discussed project planning and explored the impact of cultural diversity on planning. We examined issues relating to scheduling, resource planning and cost estimation that are peculiar to international projects. In Module 4 we discussed risk management from an international project management perspective. Since international projects are by nature characterised by their high uncertainty, risk management is an important element of international project management.

Scope of the task
You are expected to use the risk management cycle as a guide and describe how the ATA should proceed with each stage of the cycle in order to come up with a sound project risk management plan for this project. You are expected to use the information provided to you on Kate's video(s) and information from a credible source in relation to East Timor's environment. For example, who would you include in risk workshop during the risk identification stage to find out more about importing licencing requirements? After ascertaining the requirements, and assuming there may be potential delays, how would you analyse and prioritise the risk? You are allowed to make some assumptions, provided you can justify how and why you make those assumptions. Using the fictitious import licencing example again, you may wish to mandate that any risks that cause a delay in the activity completion date greater than five working days is identified as critical, and structure the risk matrix accordingly. The reason could be you have assumed the Australian installation expert could only be in East Timor for a fixed period of time, therefore there is no ‘float' for the installation activity on the schedule. There is room for some assumptions since you don't have all the facts at hand but they need to be sensible, logical and based on certain facts (which require referencing) - don't just make things up!

Again, it must be stressed that the aim of this task is for you to demonstrate how well you understand the concepts and well you can apply them in this semi-realistic case study. Simply repeating the generic processes taught in the Modules would earn you very little marks.

Please note this is a brief on what you believe should contain in the Project Risk Management Plan. You are not expected to draft a comprehensive Risk Management Plan, there isn't sufficient word allowance for you to do that. Similar to the PEP, there should be an introduction and the outline of the sections/sub-sections accompanied by an explanation and justification, and also the potential risk exposure.

Present your brief in an essay format, but as if you are actually working for Kate. It should look and sound professional and to be suitable for tabling in an official meeting.

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M92450518
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Project Management

Assessment descriptionyou are required to read a case study

Assessment Description You are required to read a case study based on a fictional company and prepare a Performance Evaluation Video Presentation based on the information contained in the case study. Case Study - DeGrand ...

What is fast tracking and its impact on the project as it

What is fast tracking and its impact on the project as it relates to project management

What are the advantages and disadvantages of cost of poor

What are the advantages and disadvantages of Cost of Poor Quality (COPQ)?

Course - project managementproject environment amp planning

Course - Project Management "Project Environment & Planning (PEP1)" Basic essay structure An essay is a piece of continuous, flowing, paragraphed text that is (usually) uninterrupted by headings, so it can appear to be u ...

Developing an innovative solution to a problem involves

Developing an innovative solution to a problem involves several steps.kindly elaborate?

Project management assessment - research studypurpose of

Project Management Assessment - Research Study Purpose of the assessment - Develop skills in Project communication planning. Communication is Key to Successful Project Management. The cases illustrate different approache ...

Project proposal -project - plan for implementing spc for

PROJECT PROPOSAL - Project - Plan for implementing SPC for improvement Introduction/aims/objectives - 200 words max Indicative literature review - 500 words max Indicative research methodology - 500 words max An idea to ...

1 what are some benefits and values of scheduling software

1) What are some benefits and values of scheduling software in a project schedule?

Project managment1explain what is meant by the following

Project managment 1. Explain what is meant by the following: "The project scope statement should not be built in isolation." 2. Discuss project management related problems created due to "scope creep." Each question shou ...

Your essay should be a properly constructed academic essay

Your essay should be a properly constructed academic essay of 5,000 words. It should contain an effective introduction, body and conclusion. The introduction should introduce the essay and include your argument. The body ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As