Posted: September 3rd, 2013
risk management in a project management Context
A) Critically evaluate the purpose of risk management in a project management Context ?
Must cover the below:
a. Introduction to Project Concept
b. Project management Concept and methodology
c. Risk management
d. Risk management in project management
Must cover the below:
a. Introduction to Project Concept
b. Project management Concept and methodology
c. Risk management
d. Risk management in project management
B) Critically discuss the different mechanisms, techniques, models and frameworks a project manager may adopt to undertake risk management in a project management context?
Must cover the below from risk perspective:
Must cover the below from risk perspective:
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Techniques used in the below to Identify, analyze, deal, mitigate and lower the risk :
a. Corporate Strategy: Projects must be aligned with the corporate strategy.
Must : use the attached (Article_3___How_to_make_a_team_work.pdf)
How to use PQM approach to align project with corporate strategy
b. Organization structure : How organization structure play a crucial role in driving a successful project . argue which organization structure should be adapted ( functional, matrix, or projectized)
Must : use the attached (Article_1___Project_organisation.pdf)
How to choose the best type of organization structure based on the nature of the projects where the projects’ risks are minimal.
c. Leadership : Part of the project manager role and responsibility is to be a good leader to run and execute the project and to overcome the project’s challenges.
(leadership should be transformational not transactional / evidence and What power and traits the PM should has)
Must : use the attached (Article_2___The_project_manager.pdf)
What are the main project manager traits as leader to manage to deal with Risks and drive the project successfully
Techniques used in the below to Identify, analyze, deal, mitigate and lower the risk :
a. Corporate Strategy: Projects must be aligned with the corporate strategy.
Must : use the attached (Article_3___How_to_make_a_team_work.pdf)
How to use PQM approach to align project with corporate strategy
b. Organization structure : How organization structure play a crucial role in driving a successful project . argue which organization structure should be adapted ( functional, matrix, or projectized)
Must : use the attached (Article_1___Project_organisation.pdf)
How to choose the best type of organization structure based on the nature of the projects where the projects’ risks are minimal.
c. Leadership : Part of the project manager role and responsibility is to be a good leader to run and execute the project and to overcome the project’s challenges.
(leadership should be transformational not transactional / evidence and What power and traits the PM should has)
Must : use the attached (Article_2___The_project_manager.pdf)
What are the main project manager traits as leader to manage to deal with Risks and drive the project successfully
d. financial management : How financial management tools and calculations can help in identifying the project’s ROI against the project risk , argue NVP and IRR are the right tools to be used considering the payment mechanism and payment timing.
Must: use the attached (Article “The Options Approach to capital Investment”)
NPV Say you pay the money at stage 0 while you are paying it over a period of time in the real life.
e. Design process: How the project should be carried out, and the process should follow to deliver what has been promised.
Must: use the attached Article “Why Good Projects Fail Anyway”
Must: use the attached (Article “The Options Approach to capital Investment”)
NPV Say you pay the money at stage 0 while you are paying it over a period of time in the real life.
e. Design process: How the project should be carried out, and the process should follow to deliver what has been promised.
Must: use the attached Article “Why Good Projects Fail Anyway”
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