How can it 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 involving a new technology developed by an international team that is to be launched within a six month time period. In completing this assignment, you should address how appropriate risk management strategies can assist in minimising risk for the project. Remember this is an academic piece of work a literature review is mandatory. Assessment Housekeeping: You are required to follow the Universitys 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. 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 Relates to 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. use 7 peer review and include over page, executive summary Hi Writer Kindly consider In your literature review, if properly done, you would discuss the theoretical (and thus abstract) ways in which risk is managed and measured – while in the practical part, you would show how these theoretical views can be applied in practice to a project such as the one mentioned in the brief. Yes, in order to address the "examples" section of the marking scheme, I would expect you to be specific about some of the risks, some of the risk measurement/analysis/management strategies that you would look at … it is always a good idea to link practice and theory – thus showing the rationale for your choices. 1. For the style of the paper, who is the ‘audience’ are we writing as to a professional in the field or as if to another student? I think writing it for another student would be appropriate – as necessarily that would push you to show both awareness and understanding of the theories and concepts discussed. discuss the theoretical (and thus abstract) ways in which risk is managed and measured – while in the practical part, you would show how these theoretical views can be applied in practice to a project such as the one mentioned in the brief. Yes, in order to address the "examples" section of the marking scheme,
