$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

BSBPMG517 Manage Project Risk

tag 0 Download7 Pages / 1,528 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question

Makeovers R Us specialises in managing house and garden renovations. Their clients are usually busy couples and families who do not have the time to manage their own renovation projects and people who are just daunted by the whole idea.

Makeovers R Us can source all of the expertise required, including architects, landscape designers, builders, painters, electricians, wreckers, rubbish removalists and interior designers, as well as manage the entire project from scoping and preparation to completion.

Its claim is that it will manage the project: ‘On time, on budget, to your specifications.’

Makeovers R Us has been contacted by Cecile, an accountant, who is looking for someone to manage the renovation of her kitchen. This will be a complete makeover—everything to go with installation of new stove, sink, fridge, dishwasher, benches and cupboards. Cecile has prepared a list of specifications.

Cecile’s specifications:

  1. Everything in the kitchen except crockery, food and cutlery is to go; crockery etc will need to be stored somewhere as she has little storage in the house.
  2. She will require somewhere to make a cup of coffee and heat the occasional meal throughout the renovations and somewhere to keep the milk and other fridge things. She does not want that huge fridge in the lounge room or anywhere else during the renovations.
  3. Paint colour needs to tone with the benches; however, she is not sure what finish she wants on the benches and she would like some samples and prices to consider.
  4. Stove, fridge and dishwasher need to be good quality, but not over-the-top prices. She would like Makeovers R Us to source options and make recommendations based on price and quality.
  5. She is unsure of what to do with the cat while the renovations are happening, as it usually has the run of the house.
  6. Everything must be finished in five weeks as Cecile’s mother is coming to stay.

Cecile does not have a fixed budget for the renovations, but is getting three quotes for the job and will decide who to contract based on her assessment of which company:

  • Is best able to assure her that they can finish the job in five weeks
  • Has the best solution for storing the kitchen equipment during the renovation
  • Can come up with a reasonable temporary kitchen space during the renovations

Based on the project, Makeovers R Us:

1. Complete risk management planning by:

  1. Providing an outline of risk management plan.
  2. Providing a brief description of the project.
  3. Describing what tools, techniques and processes you would plan to use in the project.

2. Think of at least two risks that could be presented as an opportunity to enhance project objectives or negative risks that could be thought of in a positive manner. Describe the positive risks.

3. Consequence and likelihood. List the project risks and assign a rating to each risk for both its consequence (impact) and likelihood (probability) of occurring using a rating scale. Then provide a description of the risk’s potential consequence and likelihood of occurring. Be sure to include some positive risks as well, which may present opportunities to enhance project objectives.

4. What quantitative risk analysis techniques would you use?

5. Design a risk response template that you could use for this project.

6. Create a risk register to list the risks you have identified in the project. Document the results of your risk management activities in a report.

7. When conducting risk monitoring and control, what would you need to consider for this project?

8. Produce an outline of a report that would allow you to effectively review the effectiveness of risk management policies, procedures, processes and activities for the project. In your report include questions and headings that would help you evaluate the risk management process, policies, procedures, tools, techniques and activities used.

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help (2021) Manage Project Risk [Online]. Available from: https://myassignmenthelp.com/free-samples/bsbpmg517-manage-project-risk/quantitative-risk-analysis-techniques.html
[Accessed 14 May 2021].

My Assignment Help. 'Manage Project Risk' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/bsbpmg517-manage-project-risk/quantitative-risk-analysis-techniques.html> accessed 14 May 2021.

My Assignment Help. Manage Project Risk [Internet]. My Assignment Help. 2021 [cited 14 May 2021]. Available from: https://myassignmenthelp.com/free-samples/bsbpmg517-manage-project-risk/quantitative-risk-analysis-techniques.html.


Receive supreme-quality assignment from the most highly-qualified experts in the business. MyAssignmenthelp.com, one of the leading providers of online assignment help, has over 5000+ PhD qualified from different academic backgrounds. In-depth research work, personalized assignment help, numerous revisions – the experts perform all the necessary measures to deliver top-notch assignment solutions. Simply submit your requirements and get the necessary solutions from the best experts in the business.

Latest Management Samples

MGT502 Business Communication

Download : 0 | Pages : 8

Answer  Introduction The chief purpose of the paper is to search and locate ten academic sources that will further aid in the proposal work, followed by the two assessments, i.e. the Assessment . The work is based on the successful implementation of the digital communication strategy within an entity. The communication strategy chosen for the evaluation is the “Using Social Media in the workplace to communicate” Source 1 Tr...

Read More arrow

EDUC670 Educational Law Ethics And Politics

Download : 0 | Pages : 4

Answers: 1. Related Servicerefers to the special attention that is needed to help a ‘differently abled child’. Section 300.34 of the Individuals with Disabilities Education Act (IDEA) states that Related Services signifies transportation, developmental, supportive and corrective services which are required to support a child with disability. Providing Speech and language therapy to a child who has severe speech diso...

Read More arrow Tags: United States California Economics Pharmacy Critical Care Lab Medicine University of California Management 

PHIL 2005 Love And Sex

Download : 0 | Pages : 3

Answer: How philosophical theories in the course to examine my belief about love or sex. Various theories elaborate the meaning of love and sex and how people should view the two ideas. These ideas try to shape one’s belief and thoughts about sex and love. Many of these theories explain that love is a healthy behavior in human life. However, many people have misunderstood the meaning of love, and that is causing more negative effects to...

Read More arrow

MARK 1189 Procurement And Supply Management

Download : 0 | Pages : 17

Answer: A supply chain can be defined as a system of people, organizations, information, activities, and resources which are involved in the process of transferring a product or service from supplier to customer. These supply chain activities are involved in the task of transforming the raw materials, natural resources and components into the finished product which is ultimately delivered to the end user. The term supply chain management can ...

Read More arrow

SOC 110 Survey Of Sociology

Download : 0 | Pages : 2

Answer: Individuals tend to laugh because of various reasons such as after hearing a funny joke or by being tickled. However not all of which are consequential to what individuals assume as humor. Furthermore, attempting to provide a generalized theoretical explanation of laughter and humor it can be stated that laughter tend to rise from pleasant psychological shift while humor has its occurrence from satisfying or assuming cognitive shift (A...

Read More arrow
Next

Save Time & improve Grade

Just share requirement and get customized Solution.

watch
question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Add File

Error goes here

1,693,746

Orders

4.9/5

Overall Rating

5,125

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2279 Order Completed

97% Response Time

Zachary Perez

PhD in Computer Science and Information System

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

1309 Order Completed

100% Response Time

Gemmie Chen

MSc in Nursing

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2830 Order Completed

97% Response Time

Leroy Bicknell

MBA in Marketing

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

285 Order Completed

99% Response Time

Eugene Baranowski

MBA in Supply Chain

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Because the assistance MAH provided, I have a clear and workable understanding of capital structure. Thanks for all the assistance you provided me.

flag

User Id: 383727 - 13 May 2021

Australia

student rating student rating student rating student rating student rating

The writer was on point, and he showed great professionalism in his writing. I couldn\'t have been prouder of this work.

flag

User Id: 638572 - 13 May 2021

Australia

student rating student rating student rating student rating student rating

Good service. I received my assignment one day earlier than my deadline and the quality of my assignment is really good. Highly recommend for all student who need help on assignment.

flag

User Id: 695757 - 13 May 2021

Australia

student rating student rating student rating student rating student rating

Good enough! This experts reacted well and met all my requirements. I believe he took so much care about my assignment.

flag

User Id: 485373 - 13 May 2021

Australia

student rating student rating student rating student rating student rating

Order on the go!

Say hello to our new app

callback request mobile
Have any Query?