INMGT-475\/675 \u2013 Adv. Project Mgt. – Assignment 7 \u2013 40 pts.<\/p>\n
INDIVIDUAL ASSIGNMENT <\/p>\n
Objective<\/p>\n
This assignment is intended to address and provide practice for<\/p>\n
Course Objective 4 \u2013 Evaluate project risk using quantitative methods. <\/p>\n
Reference<\/p>\n
Textbook \u2013 Nicholas & Steyn \u2013 Ch. 11<\/p>\n
Risk Assessment Calculations.docx, formulas are listed on this document<\/p>\n
Risk Exercise examples and answers from Nicholas textbook, see Risk Content <\/p>\n
Risk Register Template<\/p>\n
Assignment<\/p>\n
Submit the assignment in Word or Excel document to the appropriate Dropbox. Show calculations to earn full points. Correct answers submitted without calculations will earn 1 pt. only. <\/p>\n
Risk Likelihood (3 pts.)<\/p>\n
A product improvement project involves an existing product (M), with minor complexity (C), and is dependent for schedule on an existing system (D). (reference Risk Assessment Calculations document, Likelihood table). <\/p>\n
Consider that criteria are weighted as follows: <\/p>\n
M is (0.5), C is (0.3), D is (0.2)<\/p>\n
Calculate the Composite Likelihood Factor (CLF).<\/p>\n
Risk Impact (3 pts.)<\/p>\n
A product test failure is expected to have a minor impact on overall technical performance and be correctable within 2 months at a cost of 10 percent. (reference Risk Assessment Calculations document, Impact table). <\/p>\n
Consider that criteria are weighted as follows: <\/p>\n
TI is Moderate (0.5), CI is Minor (0.3), SI is Low (0.2) <\/p>\n
Calculate the Composite Impact Factor (CIF).<\/p>\n
Risk Consequence Rating (1 pt.)<\/p>\n
Using the previous problems #1 Risk Likelihood (CLF) and #2 Risk Impact (CIF), calculate the Risk Consequence Rating (RCR).<\/p>\n
Case 10.3 The Nelson Mandela Bridge (13 pts.) – Answer Question 2 (7 pts.) and Question 3 (6 pts.).<\/p>\n
Risk Registry (20 pts.) <\/p>\n
Create a Risk Registry for the four (4) major risks identified in the Nicholas & Steyn textbook, Example 11.6: Managing Schedule and Cost Risk at Vancouver Airport. Much information is given.<\/p>\n
Complete the Risk Registry table\/matrix below using the format of the Risk Registry \u2013 Example: Table 11.5. <\/p>\n
For each of the 4 Risk Sources, complete the following (5 pts. for each risk): <\/p>\n
Indicate the Functional Area Impacted (ie. Site Operations, Procurement, Material Handling, OTS (Off-the-Shelf) Components\/Technology)<\/p>\n
Estimate a Risk Impact value<\/p>\n
Estimate a Risk Likelihood value<\/p>\n
Calculate the Consequence Rating<\/p>\n
State the Effect on Project if Risk Source Materializes<\/p>\n
State the Action to Mitigate or Eliminate Risk<\/p>\n
Risk Source or Condition<\/p>\n
Functional Area Impacted<\/p>\n
Risk Impact (1-5)<\/p>\n
Risk Likelihood (%)<\/p>\n
Consequence Rating<\/p>\n
Effect on Project if Materializes<\/p>\n
Action to Mitigate or Eliminate Risk<\/p>\n
Structural Steel Delivery & Erection Risk <\/p>\n
Material Handling Risk<\/p>\n
Environmental Risk<\/p>\n
Functionality Risk<\/p>\n
AdvPM Assign 7 Risk<\/p>\n","protected":false},"excerpt":{"rendered":"
INMGT-475\/675 \u2013 Adv. Project Mgt. – Assignment 7 \u2013 40 pts. INDIVIDUAL ASSIGNMENT Objective This assignment is intended to address and provide practice for Course Objective 4 \u2013 Evaluate project risk using quantitative methods. Reference Textbook \u2013 Nicholas & Steyn \u2013 Ch. 11 Risk Assessment Calculations.docx, formulas are listed on this document Risk Exercise examples […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10],"class_list":["post-96325","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-writing"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/96325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=96325"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/96325\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=96325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=96325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=96325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}