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Assignment for the ITP-5 Project Deliverable
Assignment for the ITP-5 Project Deliverable
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Assignment for the ITP-5 Project Deliverable
This assignment is an INDIVIDUAL assignment. Review your previous deliverable assignments and the assignments that other teams have posted in the Shared Learning Environment Discussions.
This assignment has two parts.
Risk Register in Excel – Part 1
Using your team’s ITP WBS, develop and submit a project risk register in MS Excel:
A project risk register, from the textbook, from the classroom material, from www.pmi.org, or from other valid research, that meets the following requirements.
In MS Excel, the risk register should be populated with the risks for at least 3 tasks of different types and categories at EACH level of the decomposition in the WBS (no fewer than 12 tasks must have risks identified — 3 major tasks, 3 sub-tasks, 3 lowest level leaf node tasks or sub-sub tasks, and also at least 3 risks at the overall project level (Level 0)). (Note that this is minimum required, along with the other things below, to earn a satisfactory score. To earn a better score, you would want to include more risks at each level, and some of the additional things mentioned below.)
Risks may include, for example, technical IT risks, external risks that impact the project but which are outside the PM’s control, project management risks, risks of project changes, and so forth.
Please note that a task could have more than one risk! The risk register must include MITIGATION strategies to avoid/eliminate or minimize the risk and contingency plans (what you will do if the risk happens). If the format you are using does not include these columns, please add them, then be clear on the difference between mitigation and contingency. Address what aspect of the project will be affected by each mitigation action – cost, schedule, or scope. Provide a recommendation for whether or not the mitigation action should be implemented, remembering that EACH mitigation will impact the project’s scope, cost or schedule.
The risk register should also include:
Title or description of item or TASK at risk. (This is the WBS task in which the risk occurs, not the risk itself.)
Also include the WBS ID and a designation of which WBS level the task is at. Each risk in the Risk Register should show the WBS level of the task that it refers to. I urge you to let the computer do this for you, since doing it by hand seems error prone for some reason. Either import the field from MS Project or use an Excel formula to calculate the level for you.
Description of the RISK (What is the risk? What is at risk of happening?) (This identifies the nature of the risk itself, not the task.)
Risk category or type (e.g., technical risks, quality risks, financial risks, external risks, organization risks, project risks, quality risks, other risks, etc)
Consequences, impact, or cost at risk (adjectival or numeric)
Likelihood or probability (adjectival or numeric)
Initial risk score (or “risk product”, consequence times likelihood)
Risk handling category (avoidance, mitigation, transfer, acceptance, etc.)
Risk handling / control / action plan, including
The mitigation action that, if taken, would minimize the impact of the risk.
Cost and time to mitigate.
Contingency plan – what the team will do if the risk actually happens
Designation of risk “owner” or risk manager (best designated by title or role rather than by individual’s name)
For additional points, you may include such things as:
Additional risks
Risks for additional tasks
Results of handling each risk after controls are implemented:
Consequences or cost at risk
Likelihood or probability
Final risk score or product (consequence times likelihood)
Quantitative numerical consequences, probabilities, and risk scores (rather than subjective, qualitative, or adjectival assessments)
Additional narrative discussion of each risk, handling method, etc.
Total of all the risk scores (risk products) for the entire project after risk controls are implemented, in dollars.
Also include some risks associated with the general ability to complete the project successfully. (You might consider these risks at Level 0, the root level, of the WBS, affecting the entire project.)
Finally, if you quantitatively calculated the risk product in those terms, then what is the total of all the initial risk scores (risk products) for the entire project, in dollars.
Text Document – Part 2
Please include the Executive Summary with appropriate changes
Questions: In an accompanying Word doc or text submission, answer the following questions:
Which risks (and associated tasks) would be the most threatening to the success of the project and why? This discussion should be very specific to tasks and their associated risks.
Which top THREE mitigations (and associated tasks) and risk handling plans should be implemented, and why? Remember that mitigation actions will affect cost, schedule and/or scope – so discuss what can you AFFORD to do based on the likelihood and impact of the risk?
What are the TOTAL impacts on cost, schedule and scope for the project if the recommended risk controls and mitigation actions are taken? If you use costs, how did you calculate the cost? Will the risk handling improve things or make them worse? That is, will the project cost more and/or be less successful because of risk handling, or will it cost less and/or be more successful because of risk handling? How so? Explain.
How did you determine those costs and impacts? Please describe. What is the benefit of mitigating risks that are identified for mitigation?
If your project could only afford $20,000 for mitigation actions, which risks (identify associated tasks) would be implemented?
If your project could only tolerate a 5 day delay related to mitigation actions, which risks (identify associated tasks) would be implemented?
What would be the most expensive (time and or schedule) contingency action/plan? Identify the associated task and explain why this contingency would be the most expensive in terms of time or schedule.
How did you determine those costs and impacts? Please describe.
Submit the Excel and the Word document(s) to the Assignment Area.
Approximate breakdown by areas include:
General: Structure, Format, Mechanics, Style (~5%)
Risk register (~84%)
Questions (~10%)
Rubrics and Grading for the ITP-5 Project Deliverable
To earn 90-100% of the points available for this assignment –
The risk register meets the basic requirements. Identify at least 10 risks at each level of the WBS, including risks that affect the general ability to complete the project successfully, major tasks of different types and categories, sub-tasks of different types and categories, risks of several different risk types and categories, including external risks, financial risks, organization risks, PM risks, quality risks, technical risks, and other risk categories. In addition, include such things as:
Multiple risks for single tasks
Quantitative numerical consequences, probabilities, and risk scores (rather than subjective, qualitative, or adjectival assessments)
Show risk assessment (probability, impact, and score) numerically (e.g., percentages, dollars, etc) rather than qualitatively.
Additional narrative discussion of each risk, handling method, etc.
Designation of risk “owner” or risk manager and why that person or functional position is the “owner”
Total of all the risk scores (risk products) for the entire project after risk controls are implemented, in dollars.
Also include some risks associated with the general ability to complete the project successfully. (You might consider these risks at Level 0, the root level, of the WBS, affecting the entire project.)
Answer all the initial risk scores (risk products) for the entire project, in dollars.
Include the following risk info for ea. risk: Title or description of item or TASK at risk; Description of the RISK; Risk category or type; Initial assessment of Consequences, impact, or cost at risk; initial likelihood or probability; Initial risk score (consequence x likelihood); Risk handling CATEGORY; Risk handling / control / mitigation / action PLAN; Designation of risk “owner”; Risk results with/after controls / handling plans implemented (Consequences or cost with controls; Likelihood or probability with controls; Final risk score (consequence x likelihood)). Answer all questions, and include reference sources are used in the text and included in a Reference page. Show risk assessment (probability, impact, and score) numerically (e.g., percentages, dollars, etc) rather than qualitative
Assignment for the ITP-5 Project Deliverable
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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