CETM09 – Project Risk and Quality Management

Assignment 2 of 2 (Risk Management)

Assignment 2

The following learning outcomes will be assessed:

Knowledge

1. A critical and considered understanding of the principles of risk management and quality management within a project management context.

2. Experience of the processes involved in managing risk and quality.

Skills

1. Critically evaluate the importance, theoretical base and practicalities of effective risk and quality management.

2. Devise and develop a risk management strategy and associated procedures.

Important Information Important Information

You are required to submit your work within the bounds of the University Infringement of Assessment Regulations (see your Programme Guide). Plagiarism, paraphrasing and downloading large amounts of information from external sources, will not be tolerated and will be dealt with severely. Although you should make full use of any source material, which would normally be an occasional sentence and/or paragraph (referenced) followed by your own critical analysis/evaluation. You will receive no marks for work that is not your own. Your work may be subject to checks for originality which can include use of an electronic plagiarism detection service.

Where you are asked to submit an individual piece of work, the work must be entirely your own. The safety of your assessments is your responsibility. You must not permit another student access to your work.

Where referencing is required, unless otherwise stated, the Harvard referencing system must be used (see your Programme Guide). Submission Date and Time / Before 11.59pm on the date of submission specified in the sunspace module instance.
Submission Location / THIS IS AN ELECTRONIC SUBMISSION.
Submit using the Dropbox basket named “Assignment 2 (Risk)” in the module instance in sunspace.
N.B. the work will be then be submitted to turnitin and will be marked within the turnitin system.

CETM09 Assignment 2: Project Risk

(Worth 50% of the module mark)

For this assignment you are to focus on identifying, analysing and managing one risk that you see as of critical importance for the successful implementation of your quality improvement plan for your case study. (N.B. This is the same case as is used for the quality assignment).

You are to write a report that clearly explains what this risk is, what its risk dimensions are, and what mitigation and contingency plans would be relevant for dealing with it. Within the report you are expected to use an Ishikawa diagram and Riskit Analysis to support the case you are making.

The report must follow the structure below and a maximum of 2000 words in length.

For each element you should support your decisions by use of appropriate citations from literature.

N.B. for this assignment you must explicitly state and justify any assumptions you have made in addition to the information provided in the case study. Element / Weighting
1. Key Risk: definition and justification of choice / 10%
2 Statement and Justification of choice of probability rating for the case study scenario / 10%
3 Statement and justification of choice of impact rating for the case study scenario / 10%
Identify the criteria against which the impact analysis is undertaken (e.g. time, cost, quality, stakeholder confidence, scope of project, etc).
4 Mitigation Plans (30%) / 30%
Use an Ishikawa diagram to explore the causes of the risk and use it to derive the mitigation plans to discuss.
4.1 Discussion of potential mitigation plans
4.2. Evaluation of identified mitigation plans (including their potential cost) including decisions about the relevance and feasibility of each.
5 Contingency Plans (30%) / 30%
Use a Riskit analysis graph to consider contingency plans for the risk
5.1 Discussion of potential contingency plans
5.2 Evaluation of contingency plans (including their potential cost) including decisions about the relevance and feasibility of each.
6. References / 10%

CETM09 Risk Assignment Feedback Form

Moderated Sept 2013 For use 2013-2014 Module Leader: Helen Edwards

% / 0 / 1-19 / 20-39 / 40-54 / 55-69 / 70-84 / 85-99 / 100
Not done / Very poor argument with lack of relevant literature / Poor argument with little relevant literature / Limited argument with some citation of literature / Argument appropriate with citation of literature / Argument insightful with citation of relevant literature / Argument highly insightful with citation of highly relevant literature / Perfection
Risk Definition and justification / 10
Risk probability / 10
Risk impact / 10
Mitigation / 20
Contingency plans / 20