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BSC302C Project Planning Management and Costing

Question

Answered

Questions:

1.

Consider the group project you have presented under assessment 1. Conduct a formal Risk Plan for the project covering the following critical aspects:
 
1. Identify the risks to start preparing a risk register.
2. Analyse the risks (both qualitative and quantitative risk analysis)
3. Plan risk responses
4. Track and control risks

2.

The risk plan you have developed has been accepted and put into place. A contractor has been dentified to execute the project. A formal contract has been created and awarded. Suppose, a risk appears during the course of the project. Assume this is a risk which has already been identified, listed in the risk register, assessed qualitatively and quantitatively and for which the risk responses were prepared.

a) Explain the nature of the risk and its magnitude. Provide all assumptions. Explain the consequences of the risk on:

i. Schedule
ii. Cost
iii. Quality of the project.

b) Discuss how the Risk Management Process is launched to manage this risk.

c) Discuss the effects of this risk on;

i. The contractor
ii. The client

It is expected you to consider the contractual obligations and implications. Provideassumptions including contractual terms.

BSC302C Project Planning Management and Costing

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Early Hinduism

This week, you will complete the Timeline Project you began in Week 5 with the submission of your formal presentation. The point of this project is to help you see how all of the pieces of this class fit together and give you an opportunity to demonstrate how much you have learned about being a stud ...

View Answer
Q

The Leading Distributor Focused On Food

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Strive For Standard And Out Tried Solutions And Systems

...

View Answer
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EPM5700 Project Management and Information Technology

Task: Your group has been appointed by a potential client to build a new Information Technology Centre in your capital city. The land owned by the client with an approved budget of $120 million only for the new IT Centre. In addition to the Centre, the client allocated additional fund of 40 million ...

View Answer

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