Task:
1. Critically analyse project risks and develop a range of strategies to effectively manage those risks in order to ensure expected project management outcomes
Part A: Module 4-5 Discussion Forum
Each student will construct a post in approximately 850 words to the following questions and post on the Module discussion forums by the end of Module 5. Students will be graded individually on how students demonstrate/share theories and contribute to the general discussion of the topic within the group over weeks 7, 8 & 9.
Module 4-5 Topic: Project Status Reporting
Identify effective status reports used in project management. Discuss the challenges and pitfalls of different status reports. Explain the difference between the status reports provided for teams, sponsors, and steering committee. Considering the given case study, how might these reports be applied?
Part B: Risk Management
Create a risk management report for the given case study used in Assessment 1. In your report, include:
1. Risk identification and impact assessment
Identify possible risks for the case study and critically analyse the impact of these risks.
Use a risk probability and impact matrix to rate and prioritise the risks.
Develop appropriate response strategies to effectively manage identified risks.
Complete a risk register for the case study.
2. Risk management reporting
Identify and explain how stakeholders will be apprised of the project’s ongoing risk management activities.