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Project Risk Management - Course Assignment 2023

This document outlines the group assignment for a project risk management course. Students will be assigned to groups and each group must choose one of eight assignment topics to develop a project report on. Project reports must be submitted both electronically and in print to the instructor, who has a zero tolerance policy for plagiarism or cheating. The eight assignment topics cover areas like risk response and monitoring, risk quantification, qualitative risk analysis, risk management frameworks, risk planning, identification, project risk analysis and management techniques, and environmental risk management.

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6 views

Project Risk Management - Course Assignment 2023

This document outlines the group assignment for a project risk management course. Students will be assigned to groups and each group must choose one of eight assignment topics to develop a project report on. Project reports must be submitted both electronically and in print to the instructor, who has a zero tolerance policy for plagiarism or cheating. The eight assignment topics cover areas like risk response and monitoring, risk quantification, qualitative risk analysis, risk management frameworks, risk planning, identification, project risk analysis and management techniques, and environmental risk management.

Uploaded by

zelalem
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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OROMIA STATE UNIVERSITY

SCHOOL OF GRADUATE STUDIES


Project Risk Management
Group Assignment: Essay/ Project Report Writing
December 2023

This Coursework Assessment will be evaluated based on Group performance of students in


developing competent Essay/ Project Report on 1 (One and only One) of the eight
ASSIGNMENT TOPICs provided here below. It constitutes the most important deliverable for
this course. The selection of the individual assignment topic that a Group may take on depends
on the preference of its respective group members. Students in a group MAY or MAY NOT
necessarily receive the same grade based on the assessment of the final project report. It is the
responsibility of the groups to manage their own interactions and individual participation.

ALL assignment submittals shall be made in PRINTOUT and ELECTRONICALLY format


directly to the instructor. This is the only mechanism for accepting the submittals.

Your One and Only Warning:

Zero Tolerance of Cheating and Plagiarism

Plagiarism means using words, ideas, or arguments from another person or source without
citation. Cite all sources consulted to any extent (including material from the internet), whether
or not assigned and whether or not quoted directly. For quotations, a substantial number of
words used in sequence or a whole sentence must be set off in quotation marks, with the source
identified.

Any form of cheating will immediately earn you a failing grade for the entire course. I will seek
the strictest penalties under OSU’s policy on “Standards for Academic Writing” and “Cheating
and Plagiarism” in the Legislation of the Senate.

ASSIGNMENT TOPIC I
RISK RESPONSE, RISK MONITORING AND CONTROL

1 Risk Response
Response strategies
Risk response cost-benefit analysis
Completing the risk register
2 Risk Monitor and Control
Risk response tracking and evaluation
Common root cause of project failure

ASSIGNMENT TOPIC II

1
RISK QUANTIFICATION

1 Risk Quantitative Analysis


2 Perform Quantitative Risk Management
3 Data gathering and Representation techniques
Sensitivity analysis
Expected monetary value
Decision tree
Simulation
Decision analysis
Scenario analysis

ASSIGNMENT TOPIC III


QUALITATIVE PROJECT RISK ANALYSIS

1 Qualitative Analysis
Qualitative risk assessment
Review of project programs and budgets
The risk log/register
2 Qualitative Methodologies
Risk probability and impact assessment
3 Risk Evaluation
Inherent risk
Risk data quality assessment
Risk urgency assessment

ASSIGNMENT TOPIC IV
PROJECT RISK MANAGEMENT FRAMEWORK

1 Risk and Risk Management


Risk defined
Benefits of risk management
Risk in projects
Types of risks in projects
2 When is Project Risk Management Used?
3 Risk Management in Projects
Risk management framework
The risk management process
Stakeholder identification and analysis
4 Risk Management Framework
Risk management plan
Plan risk management

2
ASSIGNMENT TOPIC V
RISK PLANNING

1 Planning Meetings and Analysis


2 Roles and Responsibilities
3 Budgeting
4 Scheduling
5 Risk, Effort, and Consequences Through the Life of a Project
6 Components of Risk Management Plan

ASSIGNMENT TOPIC VI
RISK IDENTIFICATION

1 Sources of Risk
2 Risk Gathering Techniques
3 Risk Register
4 Risk Identification Process
5 Risk Identification Tools
6 Tips on Effective Risk Identification

ASSIGNMENT TOPIC VII


PROJECT RISK ANALYSIS AND MANAGEMENT (PRAM)

1 Introduction
2 What is PRAM?
3 What is involved?
4 Why is it used?
5 When should it be used and who should do it?
6 How to do it – techniques and methods
7 What experience is available?

ASSIGNMENT TOPIC VIII


ENVIRONMENTAL RISK MANAGEMENT

1 What’s Environmental Risk Management


2 Benefits of Environmental Risk Management
3 Environmental Management Systems
4 Criteria and Consequences
5 Identification of Environmental Risk
6 Risk Treatment Strategies
7 Approaches to Environmental Risk Management

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