FACULTY SCIENCES AND TECHNOLOGY

ASSIGNMENT SUBMISSION AND ASSESSMENT

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EMRM5103
PROJECT RISK MANAGEMENT
MAY 2017
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INSTRUCTIONS TO STUDENTS

1. This assignment contains question that is set in English.

2. Answer in English only.

3. Your assignment should be typed using 12 point Times New Roman font and 1.5 line spacing.

4. You must submit your hardcopy assignment to your Facilitator and ON-LINE LINE via the MyVLE. Refer
to the portal for instructions on the procedures to submit your assignment on-line.
on You are advised
to keep a copy of your submitted assignment and proof of the submission for personal reference.
Your assignment must be submitted on (10-12 Julai 2015) (SUBMISSION DATE).

5. Your assignment should be prepared individually. You should not copy another persons assignment.
You should also nott plagiarise another persons work as your own.

EVALUATION
This assignment accounts for 60% of the total marks for the course.

1
OBJECTIVE:

This assignment is intended to test your knowledge on the major functions of project risk
management such as identifying the risk factors and evaluation their impact using qualitative
and quantitative methods.

INSTRUCTIONS:
You are required to provide a report on three assessed tasks to achieve the objective of the
assignment. It is acceptable to use the opinions and judgments of project professionals to
support your work.

TASK 1

Once risks have been identified and analysed, the project risk team will have to decide how to
respond to each risk, especially major risks. They can develop one or multiple strategies for a
single risk. By using an example of a project, explain the six common risk strategies that are
used.
[10 marks]

TASK 2

You have been appointed as a risk manager for Eureka Berhad. One of your responsibilities as
part of the project risk team is to develop a risk management plan. Create a risk management
plan for your chosen project that includes:
a) Description of the project
b) Project summary
c) Risk environment
d) Approach to risk management
e) Application issues and problems
f) Other relevant information.

[20 marks]

2
TASK 3
Given below are various potential threats or uncertainties contained in project A.
1. Plant reorganisation could take longer than anticipated. Process engineering may be more
complicated or unexpected difficulties could arise while the process alterations are underway.
2. Key project team member could be reassigned or no longer able to work on the project. Due
to other requirements or top management reshuffling of resources, the project could lose one of
its key core team members.
3. The project budget could be cut because of budget cutbacks in other parts of the company. The
project budget could be trimmed in the middle of the development cycle.

4. Suppliers might be unable to fulfill contracts. After qualifying vendors and entering into
contracts with them, it might be discovered that they cannot fulfill their contractual obligations,
requiring the project team and organisation to rebid contracts or accept lower-quality supplies.
5. New process designs could be found not to be technically feasible. The process engineers
might determine in the midst of the project that the projects technical objectives cannot be
achieved in the manner planned.
6. New products might not pass QA assessment testing. The project team might discover that the
equipment purchased and/or the training that the plant personnel received are insufficient to
allow for proper quality levels of the output.
7. Vendors could discover our intentions and cut deliveries. Current vendors might determine
our intent of eliminating their work and slow down or stop deliveries in anticipation of our
company cancelling contracts.
8. Marketing might not approve the prototype cups produced. The sales and marketing
department might determine that the quality of the products that are being produced are inferior
and unlikely to sell in the market.
9. The new factory design might not be approved during government safety inspections. The
factory might not meet OSHA requirements.

Assuming that your company needs to conduct a preliminary risk analysis for Project A by using
qualitative and quantitative techniques, answer the following questions:

3
a) Identify the risk factors by labelling and segregating the above information of potential threats
or uncertainties according to high, moderate and low risk.
[10 marks]

b) Conduct a qualitative and quantitative risk assessment on this project and discuss them in
terms of probability and consequences.
[30 marks]

c) Develop preliminary strategies for risk mitigation for each set of risk factors in (a).
[30 marks]
[TOTAL: 100 MARKS]

ADDITIONAL GUIDELINES / ASSIGNMENT FORMAT (ACCORDING TO FACULTYS

SPECIFICATIONS):
Your assignment should be typed on A4 paper using 12-point Times New Roman and
1.5 spacing.
Your assignment should NOT exceed 3000 words, not including appendix and reference.
Your must provide references. References should use the American Psychological
Association (APA) format.
References should include the latest journal/book publication (year 2009 and onwards).
You are to submit a softcopy of your assignment via email. You must receive
acknowledgement email from your facilitator to confirm submission.
Plagiarism is not acceptable. If you are not sure what is meant by plagiarism, refer to the
various websites, which discuss this matter, e.g. owl.english.purdue.edu/handouts.
Plagiarised assignments will receive a Fail mark.