How can risk be managed effectively

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Reference no: EM132232069

Project Risk and Procurement Management Assignment

Learning Outcomes:

- Locate, synthesise and critically evaluate recent/current information from a wide range of published literature in the area of Project Risk and Procurement Management.

- Apply knowledge of the theory and practice of Project Risk and Procurement Management to develop insights into and solve current problems.

- Critically evaluate the use of complex models of Project Risk and Procurement Management; systematically and creatively making sound judgements based on the systematic analysis and creative synthesis of ideas.

- Critically and effectively assess the value of theories, concepts and models to the practice of Project Risk and Procurement Management.

Assignment Brief

The management of risk is proving to be one of the most difficult tasks for the project management profession. How can risk be managed effectively and who should be responsible for this task?

You are required to critically analyse the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed for a project of your own conception. In completing this assignment, you should address how appropriate practices can assist in minimising risk for your project.

Your paper should have a clear structure, with:

- a cover page (student number, module title, assignment title, word count (effective, not max), declaration of originality
- an abstract (300 words max, one single paragraph)
- a table of contents
- the main body of the paper - you have full creative control over the structure, but do use section headings to signpost your work
- references list - this is mandatory at Master level

Verified Expert

This assignment deals with excel estimations on the profit and loss as well as various financial to meet the parameters of the budget to complete this assignment it is essential to understand the financial analysis in connection with the excel working and analysis.

Reference no: EM132232069

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Reviews

len2232069

2/11/2019 9:24:29 PM

Overall level (indicative – not for grading) Standard comparable to journal publication Scope Outstanding clarity of focus, includes what is important, and excludes irrelevant issues. Understanding of subject matter Outstanding with critical awareness of relevance of issues. Outstanding expression of ideas. Literature Comprehensive literature review. Evaluation and synthesis of source material to produce an outstanding contribution. Critical analysis based on evidence Standard of critical analysis – showing questioning of sources, understanding of bias, independence of thought Structure of argument, leading to conclusion Well structured, compelling and persuasive argument that leads to a valuable contribution to the field of study, paving the way for future work.

len2232069

2/11/2019 9:24:20 PM

Marking Scheme Criteria Marks Use of theory 30 Examples 30 Quality of argument 10 Reference to course ideas 10 Citation and References 10 Conclusions 10 Criterion / Mark range 90-100 80-89 70-79 60-69 50-59 40-49 0-39 Overall level (indicative – not for grading) Standard comparable to journal publication Standard comparable to conference paper publication Distinctive work for Masters level Merit work for Masters level Acceptable for Masters Below Masters pass standard Significantly below Masters pass standard

len2232069

2/11/2019 9:24:07 PM

This is an individual assignment worth 50% of the module mark. Word length 3000 words (do not exceed word limit). Do not include References in the word count. Submission: Electronically through RKC’s OnlineCampus You are required to follow the University’s regulations regarding plagiarism and citing sources and references used. Assignments may not be submitted late. Marking penalties for late submission will follow the University regulations for PMC and late submission. Please note that there are changes in the late submission process this year.

len2232069

2/11/2019 9:23:44 PM

This is an individual assessment worth 50% of the module mark. Word length 3000 words (do not exceed word limit). Do not include the cover page, abstract, table of contents or References section in the word count. Task: Download the PDF file which contains full details for the task as well as marking criteria and marking grid. Deadline: Feb This assignment is graded. (50% of overall grade)

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