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    Project Assessment 2

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    Thabisa Zozi
    This document provides the details of a formative assessment for a postgraduate project management course. The assessment involves analyzing risks for a hypothetical bridge construction project. Students must [1] identify risk management principles and apply them to the project, [2] discuss contingency plans and their application, [3] identify risks according to project lifecycle phases, [4] compile a risk register of 10 risks, and [5] perform a scenario analysis of 10 risks and justify the impact assessments. The assessment will be evaluated based on presentation, organization, theory application, relevance, coherence, and referencing.

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    Project Assessment 2

    Uploaded by

    Thabisa Zozi
    33 views3 pages
    This document provides the details of a formative assessment for a postgraduate project management course. The assessment involves analyzing risks for a hypothetical bridge construction project. Students must [1] identify risk management principles and apply them to the project, [2] discuss contingency plans and their application, [3] identify risks according to project lifecycle phases, [4] compile a risk register of 10 risks, and [5] perform a scenario analysis of 10 risks and justify the impact assessments. The assessment will be evaluated based on presentation, organization, theory application, relevance, coherence, and referencing.

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    This document provides the details of a formative assessment for a postgraduate project management course. The assessment involves analyzing risks for a hypothetical bridge construction project. Students must [1] identify risk management principles and apply them to the project, [2] discuss contingency plans and their application, [3] identify risks according to project lifecycle phases, [4] compile a risk register of 10 risks, and [5] perform a scenario analysis of 10 risks and justify the impact assessments. The assessment will be evaluated based on presentation, organization, theory application, relevance, coherence, and referencing.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    33 views3 pages

    Project Assessment 2

    Uploaded by

    Thabisa Zozi
    This document provides the details of a formative assessment for a postgraduate project management course. The assessment involves analyzing risks for a hypothetical bridge construction project. Students must [1] identify risk management principles and apply them to the project, [2] discuss contingency plans and their application, [3] identify risks according to project lifecycle phases, [4] compile a risk register of 10 risks, and [5] perform a scenario analysis of 10 risks and justify the impact assessments. The assessment will be evaluated based on presentation, organization, theory application, relevance, coherence, and referencing.

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    of 3

    PROJECT

    PROGRAMME Postgraduate Diploma in Project Management

    MODULE Managing Project Risk (Project Risk Management)

    YEAR ONE (1)

    INTAKE January 2023

    TOTAL MARKS 100


    FORMATIVE ASSESSMENT 2 [100 MARKS]

    Read the scenario below and answer the questions that follow.

    PROJECT SCENARIO

    Recently, there have been many accidents resulting in deaths on the N3 highway in Johannesburg due to residents attempting to
    cross the busy highway. In order to prevent pedestrian accidents on the highway, an assessment undertaken by the department of
    roads and transport revealed that a much-needed bridge is required. The minister has mandated the local department in the area of
    the accidents to build this proposed bridge within one year. You work in the department as a project manager and due to your
    excellent record of accomplishment of managing high profile projects, you have been appointed as the lead project manager of this
    project. You are required to conceptualise the project and manage it until closure. There cannot be any failure, as you will be reporting
    to the minister for the duration of the project.

    General comments

    Marks in the project assessment are primarily awarded for the application of the relevant theory to the requirements of the
    assessment. Merely reproducing theory is insufficient at master’s level. The ability to undertake and reflect on research is a key
    component to the assessment. The assessment will be assessed in accordance with the following general criteria:

    1. Presentation
    2. Organisation
    3. Analysis and application of theory
    4. Relevance
    5. Coherence
    6. References

    The expected response to the assessment is outlined above. However, the depth of the theory is such that students may provide
    answers that may vary. The assessment is therefore assessed by the marker in terms of the relevant theory and marked accordingly.
    The responses provided by students may not in their entirety be reflected in the marking guide, but could be a satisfactory response
    to the question. Students are given full recognition for this.

    Question 1 (20 Marks)

    In managing the risks of your project is it advised that you as project manager adhere to the tried and tested risk management
    principles. Identify these principles and appraise them by applying them to the project.

    Question 2 (20 Marks)

    Many projects, apart from a risk management plan, also include contingency plans, fall-back plans, and contingency reserves.
    Appraise the theory of contingency plans, fall-back plans, and contingency reserves and apply them to the project. A discussion of
    relevant examples to the project for each will enhance your response.
    Question 3 (20 Marks)

    Risks can also be identified according to lifecycle phases of the project. In the early life-cycle phases, the total project risk is high
    because of lack of information. In the later phases, the financial risk is the greatest (Kloppenborg:2015). Use the lifecycle phase risk
    identification to identify the risks for the project. A clear discussion of each risk is required.

    Question 4 (20 Marks)

    The primary output of risk identification is the risk register. Compile a risk register for the project ensuring at least TEN (10) project
    risks are recorded. Thereafter, explain the contents of a risk register.

    Question 5 (20 Marks)

    Scenario analysis is the most commonly used technique for analysing risk. Use the scenario analysis table to record at least TEN
    (10) identified risks for the project. Thereafter, evaluate each risk and justify the impact assessment.

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