Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Question about risk management
1.As the project manager, you invite each team to take on the Risk Owner position for a risk during the risk response planning meeting. One of your teammates asks you to describe the risk owner’s responsibilities. Your response:
2. The WBS/estimate/critical path schedule has just been finished by the team. You’re starting the risk identification, analysis, and response planning process as a group. How can the risk work inform the workplan, and how can the workplan inform the risk work?
3. A team member questions what the difference is between the risk management strategy and the risk register at the Project Kickoff meeting. You tell them:
4. The sponsor has requested that the project’s risk threshold line be lowered. What are the ramifications of doing so?
5. A team member requests that you explain and demonstrate a risk response planning transfer method. They also don’t understand how it differs from mitigate. You response:
6. The team recognizes “we might go over budget” as a risk at the risk identification brainstorming workshop. What action(s) would you take to assist the team in determining the true risk events (as opposed to the impact)?
7. Your sponsor has requested that you describe two distinct ways for calculating the amount of contingency reserve for a project and make a suggestion for which method works best and why:
8. A description of the distinctions between qualitative and quantitative risk assessments has been requested by the sponsor. She’d like to know when and how each might be used, as well as how they would interact. Your answer:
9. You’ve listed “Risk Monitoring” as a task in your project plan. Your sponsor inquires about the scope of this task. Your answer:
10. Your team wonders aloud during the inaugural risk management training if this is the only chance to uncover risks. How do you respond to them, as well as the worth of the method you propose?
11. As part of your virtual risk identification meeting preparations, you decide to use three risk identification methodologies. Which do you prefer, and why? What changes do you make now that it’s a virtual meeting?
12. You’re meeting with key stakeholders to figure out what risk tolerance levels the risk management plan should have. What questions will you pose to these stakeholders, and why will you ask them? What kind of data are you attempting to collect?
13. Your management team has requested that you include a section to the Risk Management Plan that identifies the risk metrics that should be used during Risk Monitoring after reviewing it. You suggest the following risk metrics:
14. A team member asks you to give an example of a risk response planning transfer strategy. Consider the following scenario:
15. Your team asks you what a “secondary risk” is and what you should do about it during the risk identification meeting. You say to them, ”
16. Please describe one risk management “lesson learnt” from this term – especially, how can/will you apply what you’ve learned?
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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Question about risk management |
Question about risk management