top answer: Assignment Details You are a project manager for an urgent and complex project. This project is trig

  

Assignment Details

You are a project manager for an urgent and complex project. This project is triggered by unfavorable compliance findings and requires significant changes in technology, specifically in the tracking system and Web-based, order-processing system.

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You are facing a very tight schedule and must complete the project in only 3 months. This type of work typically requires at least 6 months to complete. Because of that, the company hired offshore developers and technology testers. Your department nearly exhausted the budget for this fiscal year, and funding will be challenging. Nevertheless, the company must complete the project because compliance penalties can be severe. The project will have additional challenges, such as lack of highly skilled resources because the lead technology expert was diagnosed positive for COVID-19, and in-person meetings and collaboration is not recommended.

PLEASE SEE ATTACHED TEMPLATE

Submitting your assignment in APA format means, at a minimum, you will need the following:

  • Title page: Remember the running head. The title should be in all capitals.
  • Length: 5 pages minimum
  • Abstract: This is a summary of your paper, not an introduction. Begin writing in third person.
  • Body: This begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics, except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 5 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
  • Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hanging indent, italics, and uppercase and lowercase usage as appropriate for the type of resource used. Remember, the Reference page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

Your manager asked you to create a report exclusively focused on the risk management side of the project. You need to identify and analyze all negative and positive risks associated with this project. You will need to provide detailed explanations of key concepts, classifications, and tools used for this effort. The company hired a consultant who provided a template with explanations and key tools to be used for completion of this report.

Use the template provided to complete a 5-page report (excluding the cover page). NOTE: Please delete all instructions and examples before submitting your work.

The following list of topics provides more details about what you need to include in your report:

  • Discuss 5 risk identification techniques, and select 1 you will use to identify risks in your project.
  • Identify 15 risks (negative and positive).
  • Sort the identified risks into common categories, and create a risk breakdown structure.
  • Compare and contrast characteristics of the qualitative and quantitative risk analysis.
  • Perform qualitative risk analysis for the previously identified 15 risks.
  • Create an impact and probability matrix.



Individual Project Unit 2

Your Name

American Intercontinental University: MGMT440

Month Day, 2020

Professor’s Name

Running head: ASSIGNMENT TITLE HERE

4

RISK IDENTIFICATION AND ANALYSIS

Introduction

Explanation: In this section, describe what will be discussed in this report. Briefly describe all of the main components. The main requirements can be found in the assignment description or in this template as separate sections under specific titles. Please delete explanations and replace them with project-specific text.

Risk Identification Techniques

Explanation: Discuss the characteristics of five risk identification techniques listed below. Once done, select one or more that your team will use to identify risks. Justify your choice of risk identification techniques.

Brainstorming: text, text

Interviewing: text, text

Experience: text, text

Expert opinion: text, text

Root cause analysis: text, text

Your selected technique(s): text, text

Risk Identification

Explanation: Complete the table below, and include at least 15 risks. At least 3 out of these 15 risks must be positive risks (also known as opportunities). The remaining risks should be negative risks (also known as threats). A risk can be only negative or positive and cannot be both at the same time. In the column titled Negative Risk, type in Yes if the risk is a threat. In the column titled Positive Risk, type in Yes if the risk is an opportunity. Provide detailed descriptions of the risks.

Risk ID

Risk Description

Negative Risk

Positive Risk

Example

Unable to finish homework because the Internet is down

Yes

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Risk Breakdown Structure

Explanation: Sort identified risks into common categories (e.g., technology, schedule, budget, compliance, human resources), and create a risk breakdown structure. You must use the 15 risks from the table above (in the Risk Identification section), and assign each to one category only.

PROJECT

Category 1

Example: Technology

Category 2

Category 3

Category 4

Category 5

Risk 1

Example: Complex system interfaces

Risk 2

Risk 3

Risk 4

Risk 5

Qualitative Versus Quantitative Risk Analysis

Explanation: Discuss the characteristics of qualitative risk analysis. Discuss the characteristics of quantitative risk analysis.

Qualitative risk analysis: text, text

Quantitative risk analysis: text, text

Perform a Qualitative Risk Analysis

Explanation: Perform a qualitative risk analysis of the 15 risks that you previously identified. Assess the probability and impact of each risk. The probability can be high, medium, or low; the impact can also be high, medium, or low. You can select only one option for the impact and the probability. Copy and paste 15 risks from the Risk Identification table, and only update the new three columns: Impact, Probability, and Ranking.

Risk ID

Risk Description

Negative Risk

Positive Risk

Impact

Probability

Ranking

Example

Unable to finish homework because the Internet is down

Yes

High

Low

Medium

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Create an Impact and Probability Matrix

Explanation: Once all 15 risks are ranked based on their impact and probability, update the risk and probability matrix by entering risk IDs in appropriate fields. For example, if risk IDs 1, 4, and 8 were low-probability and low-impact, enter numbers 1, 4, and 8 in the cell that is on the intersection of low impact and low probability, as shown in the table below. For your project, delete numbers 1, 4, and 8 and replace them with the ID numbers identified in the previous section (Perform a Qualitative Risk Analysis).

IMPACT

LOW

MEDIUM

HIGH

PROBABILITY

LOW

LOW

1, 4, 8

LOW

MEDIUM

MEDIUM

LOW

MEDIUM

HIGH

HIGH

MEDIUM

HIGH

HIGH

Conclusion

Explanation: In this section, describe what has been discussed in this report.

References

Explanation: In this section, you should list all of the resources that you used to complete this paper. If you did not use any external resources, locate the Syllabus section in your Virtual Class. Scroll down to “Unit Overview,” and locate the Reading and Other Resource Materials section for each unit. Please list these and any other resources that you used to create this paper. In addition to the textbook, several videos are available to you to learn about main concepts and categories. References should be presented in accordance with the APA style.

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