Project Execution & Control- Risk Management- Report Writing Assignment

PROJ6003: Project Execution & Control- Risk Management- Report Writing Assignment

Task:

Context:
As project work is executed, project managers make certain that quality assurance is performed and that quality is controlled. Quality assurance consists of the activities that are undertaken to ensure that a project uses the processes needed to meet quality requirements. Meanwhile, quality control entails monitoring specific project results to determine whether they meet relevant quality standards, which have been defined with the project scope.

Planning for risk management involves determining how to approach, plan and execute the various activities required for managing project risks. Because new risks may be introduced at any point in the project management life cycle, risk management is a continuous process. It begins at the project-planning phase and continues throughout the project-execution phase.

Effective communication is a key factor for managing project execution. However, project managers may face challenges as they communicate with their teams and other project stakeholders. Other factors such as developing, leading and managing project team members are also critical for successfully achieving project goals.

Instructions:
This assessment has two parts. One Discussion Forum (Part A) and a Risk Management
Report (Part B)

Part A: Module 4 Discussion Forum
Each student will construct a response in approximately 350 words to the following question
and post on the Module 4 discussion forum by the first half of the Module.
Each student will also provide constructive feedback in 250 words to at least two fellow
students posts by the end of the Module. (approximately 250 words for each
feedback/response. Total 500 words)
Module 4 Question: Risk and Diversity
What types of risks might be introduced to a project when teams are culturally or
geographical diverse? How could these risks be mitigated? Can Quality Assurance and
Control contribute to mitigation of these risks, and if so, how?

Output:
Module 4 discussion – provide an original post by the first half of Module 4. Respond to at least two fellow students’ posts by the end of Module 4.

Part B: Risk Management Report
Create a risk management report for your Case Study from Assessment 1, i.e., before any changes were applied. In your report, include:
1. Risk identification and assessment
A. Identify and critically analyse the impact of possible risks for the Case Study.
B. Record the risks identified in a Risk Register.
C. Use a risk probability and impact matrix to rate and prioritise the risks.

2. Risk management and reporting
A. Develop risk response strategies to effectively manage each identified risk in the register.
B. Identify and describe how the stakeholders will be apprised of the project’s ongoing risk management activities.

The written portion of your Risk Management Report should consist of 800 words.
For students’ reference, there is an example o