PROJ 595_Project Risk Management_Week 6_Course Project_Part I and II_Answer

PROJ 595_Project Risk Management_Week 6_Course Project_Part I and II_Answer

Course Project Part I
For this project, you may choose a project that is of interest to you, or you may choose to begin planning for your senior project. When selecting a project, avoid picking one that is either too big or too small. For example, do not decide to build a new stadium for your local sports team (too big) or to plant your summer garden (too small).
1. Create a risk management plan for your project. To do this, you must create a scope and a WBS for your project.
2. Perform risk management planning as defined in the lecture.
3. Identify risks for your project, including any issues that may impede or impair the completion of the project. You must identify at least 15 positive and 15 negative risks.
4. Prioritize the risks by performing qualitative risk analysis.
5. Perform risk response planning for your project by creating detailed risk response plans for those risks needing responses. This should include both proactive responses and reactive contingency plans as appropriate.
Sample Outline of Typical Course Project Paper Part I
I. Title Page
II. Table of Contents
III. Introduction
IV. Risk Management Planning
V. Risk Identification
VI. Qualitative Risk Analysis
VII. Risk Response Planning

Course Project Part II

Create one decision tree and a fault or event tree that would support the exploration of risk for one of the above projects. The decision tree must be created to support a major risk-related decision likely to be faced by the project. The fault or event tree should offer at a minimum a listing of potential risks and impacts in the event of two smaller failures. For example, a smaller failure could be the loss of water pressure or a fire in a construction project rather than examining what risk was involved with the collapse of the construction project.
Write a discussion of the risks that supports the fault tree, event tree, or decision tree that has been created. Make a separate write up for each of these smaller risks associated with the fault tree or event tree. Your paper should have a general introduction that should introduce the decision tree and fault or event trees that will be discussed, and then the paper should have a discussion regarding each tree. The discussion write-up regarding the identified risks should be from three to five pages in length. Note that this page length is a guideline and if you find that your paper supporting the risk tree is longer, there will be no penalty, because the final assignment will need to be from 15–20 pages in length.
Sample Outline of Typical Course Project Paper Part II
1. Course Project Part I
2. Introduction
3. Decision Tree Analysis
4. Discussion of Decision Tree
5. Fault Tree
6. Discussion of Fault Tree
7. Conclusions
8. Works cited
The goal of the final project is to select a project and then to create and detail a risk management plan that would support that project. The final deliverable will consist of a fully formed risk management plan that would support such a project.
• The Course Project is broken down into two parts. The first part is due by the end of Week 4 and will be eight to 12 pages long. The final major assignment will be 15–20 pages long, including the original eight to 12 pages, and is due by the end of Week 6.
• Papers must be in 10-point font, double-spaced, and must include a cover page, table of contents, introduction, body of the report, summary or conclusion, and works cited.
• Even though this is not a scientific-type writing assignment, and is mostly creative in nature, references are still very important. At least six authoritative, outside references are required (anonymous authors or web pages are not acceptable). These should be listed on the last page, titled Works Cited.
• Appropriate citations are required.

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PROJ 595 week 6 Course Project Part I and II