Ppmp20008 Initiating And Planning Projects-Human Assessment Answers
Describe the project management concepts within the risk register are correctly applied and it is an accurate reflection of the supplied project.The project management concepts within the cost baseline and funding requirements are applied correctly and it is an accurate reflection of the supplied project.
Answer:
Risk Register
|
PROJECT RISK & OPPORTUNITY REGISTER | ||||||||||||||||||
|
Risk / Opportunity Identification |
Risk & Opportunity Analysis |
Post Treatment Risk & Opportunity Analysis | ||||||||||||||||
|
Number |
Date Logged |
Raised By |
Status |
Type |
Description (Cause/Event/Effect) |
Proximity |
Category |
Likelihood |
Consequence |
Level (pre treatment) |
Treatment Response |
Treatment |
Treatment Update |
Owner |
Residual Impact |
Likelihood (post treatment) |
Consequence (post treatment) |
Level (post treatment) |
|
1 |
05.09.17 |
Michelle, Goutham Adani |
Active |
Threat |
The sign board was not created properly this it is quite difficult to promote the different traditional language with the help of the sign board |
Soon |
procumbent/Finance |
Possible |
Major |
high |
Reduce |
The design of the signage board must be made attractive in order to attract more number of students as well as staffs for promoting the different traditional languages |
17.8.18 |
Project Manager |
It generally creates major negative impact on the project |
likely |
Moderate |
Medium |
|
2 |
10.09.17 |
Michelle |
Active |
Threat |
The design of the signboard is not represented properly and as a result the staff as well as the students will not be able to get the message that the sign board wants to communicate |
Soon |
Information/ICT |
Likely |
moderate |
Medium |
Reduce |
The design representation of the sign board must be done properly so that the student involve within the project for promoting the indigenous languages |
20.8.18 |
Project Manager |
It creates negative impact on the different staff as well as students of CQU university |
likely |
Moderate |
Low |
|
3 |
18.09.17 |
Michelle |
Active |
Opportunity |
The assumed budget by the project manager is not found sufficient enough for completing the project activities successfully as the project manager incorporate additional activities within the project which are considered as beneficial for project promotion |
After project planning gets completed |
Finance/Procurement |
Unlikely |
Minor |
Low |
Accept |
It is identified that the budget of the project must be assumed by the project managers after creation of the plan. |
25.8.18 |
Project Manager |
It do no create any impact |
Unlikely |
Significant |
Low |
The funding requirements are as follows:
|
Activities |
Funding required |
|
Meeting related with project initiation |
$19,000 |
|
Method of installation of signage board |
$17,000 |
|
Signage board printing method |
18,000 |
|
Interface display |
$10,000 |
|
Management reserve |
$34, 000 |
|
Total |
$96,100 |
Bibliography
Abdel Azeem, S., Hosny, H., & Ibrahim, A. (2014). Forecasting project schedule performance using probabilistic and deterministic models. HBRC Journal, 10(1), 35-42.
Andersen, E. (2014). Value creation using the mission breakdown structure. International Journal Of Project Management, 32(5), 885-892.
Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA.
Chance, D. M., & Brooks, R. (2015). Introduction to derivatives and risk management. Cengage Learning.
Cherkaoui, K., Baptiste, P., Pellerin, R., Haït, A., & Perrier, N. (2017). Proactive tactical planning approach for large scale engineering and construction projects. The Journal of Modern Project Management, 5(1).
Crawford, J. K. (2014). Project management maturity model. CRC Press.
Dalcher, D. (2015). Introduction to Software Project Management. Proj Mgmt Jrnl, 46(4), e2-e2.
Davis, K. (2014). Different stakeholder groups and their perceptions of project success. International Journal of Project Management, 32(2), 189-201.
Fan, Y., Thomas, M., & Anantatmula, V. (2014). A Longitudinal Study of the Required Skills of Project Managers. The Journal of Modern Project Management, 1(3).
Glendon, A. I., Clarke, S., & McKenna, E. (2016). Human safety and risk management. Crc Press.
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