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CPMGT302 Version 8 Risk Identification Scenarios
Risk Identification Scenarios and Paper
Risk Identification Scenarios
CPMGT/302 Version 8 |
1 |
University of Phoenix Material
CPMGT302 Version 8 Risk Identification Scenarios
Complete the University of Phoenix Material: Risk Identification Scenarios worksheet.
Write a 750- to 1,050-word paper in which you select one scenario from the University of Phoenix Material: Risk Identification Scenarios. Describe how risk management can mitigate the risk in the scenario. How would you document the risk?
Submit the completed University of Phoenix Material: Risk Identification Scenarios and paper.
Format your paper consistent with APA guidelines.
Risk Identification Scenarios
Review each of the following scenarios and identify the risk events, the probability of those risks, and the impact of the risk events. Some scenarios may have more risks than others.
Scenario One
A retail firm has a project that is focused on expansion into third-world countries to sell pharmaceutical products. The project timeline is, as always, aggressive. The scope is well documented and understood by the project team and key members of the firm. The firm is financially sound, with project funds secure; however, the stakeholders expect that the project will pay for itself within 2 years of deployment.
Risk event | Probability of risk event
(1=high; 3=medium; 5=low) |
Impact of risk event
(1=high; 3=medium; 5=low) |
Scenario Two
A construction company has been awarded the contract to build a pipeline in Alaska. The project timeline is of the highest priority because work can only be completed during summer months due to adverse weather conditions. One of the suppliers of a key component has longer lead time than is required to complete the pipeline, but may be able to deliver if the construction company will pay fees to expedite. There are other suppliers, but these suppliers are not on the construction company’s approved suppler list and it would take time to get them approved. There is a huge penalty in the contract if the project is not completed on time.
Risk event | Probability of risk event
(1=high; 3=medium; 5=low) |
Impact of risk event
(1=high; 3=medium; 5=low) |
Scenario Three
A telecommunications company has just assigned you to be project manager for a product improvement project. The scope statement of the project simply says, “Make this product better.” The engineering team believes that they know how to make the product better and have ignored ideas from the sales team. The project funds are secure, as the company believes that improving this product will give them strategic advantages.
Risk event | Probability of risk event
(1=high; 3=medium; 5=low) |
Impact of risk event
(1=high; 3=medium; 5=low) |
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RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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CPMGT302 Version 8 Risk Identification Scenarios |
CPMGT302 Version 8 Risk Identification Scenarios