5/31/23, 9:38 AM Week 6 Course Project Assignment: Budget and Risk Management
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GE---5103-OL2--OL-SP-2022 - Project Management
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Week 6 Course Project Assignment: Budget and RiskManagement - Part 1
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Part 1
5/31/23, 9:38 AM Week 6 Course Project Assignment: Budget and Risk Management
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Title Start Date Due Date Post Date Grades Available
Summary:
Budget and Risk Management: At the end of this week, you are to finalize the overall project cost and clearly document project risks gathered throughout theproject. As part of the risk management plan, you are expected to share a risk response plan. Project cost and risk management plans will include the followingcomponents:
Students will make up personnel as needed for each part of their project (if necessary).Students will not provide "definitions" in their work but apply what they have learned to build their project. Example: Do not tell me what a WBS structure is; tellme about the WBS for "your" project.It will be up to the student to come up with every aspect of the project outside of the guidelines provided by the teacher.Paper must be written in New Times Roman, 12 pitch font.An APA 7 title page is required for every paper.No references or citations will be allowed for the paper.Must submit work through TurnItIn too.
YOUR CHARTER MUST BE IN THE SAME ORDER WRITTEN BELOW. EACH SECTION MUST BE NAMED EXACTLY WHAT IS WRITTENBELOW. Points will be deducted for not following instructions.DO NOT COMBINE SECTIONS. Points will be deducted for not following instructionsDO NOT INCLUDE OTHER CATEGORIES NOT LISTED BELOW. Points will be deducted for submitting sections not on the list above. Only include what isasked for in the paper.
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The budget and risk management plan will include the following components:
Overall project budget - The overall project project budget should be (1) one chart. The overall project budget must be self-made and "very detailed." Showwhere all money will go towards in your project.
Project requirements - List a minimum of (5) five project requirements in complete sentences. Project requirements are items that need to be completed in orderfor the project to be deemed successful.
Cost management plan – The cost management plan should be (1) one chart. The cost management plan must be self-made. The cost management planshould include: the task, minutes/hours it takes to complete the task, the days it takes to complete the task, hourly rate it costs to complete the task, and the totalcost to complete each task. Should have a minimum of (5) five tasks.
Contingency Plan – Should be a minimum of (2) two paragraphs and be very detailed. The contingency plan is a written plan in case "your" project has to changein case of unforeseeable events occur. 1. Identify what would need to occur in order to start contingency plan. 2. Identify "who" will be involved, what "they" needto do, and "how" the plan will be executed.
Risk management matrix – The risk management matrix should be (1) one chart. The risk management matrix must be self-made and show the risk for yourproject. Should not be a copied and pasted matrix from textbook/article.
Change management process – Should be a minimum of (2) two paragraphs and be very detailed. 1. If changes must occur "who" must assess the changesfirst? 2. "Who" are the people involved in the changes within the organization? 3. "Who" are the people responsible for monitoring the change process?
Project RAID – Should be (1) one paragraph describing “each” of the categories that applies to your project. The (4) four categories: Risks, Assumptions, Issues,and Dependencies. Apply them to your project and list "who" is responsible for each category and "why." “Do not” provide definitions for the categories.
Note: I am not looking for "definitions" of these categories in your work. As a reminder, you are pretending you are running this project.
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No references or citations for the assignment.Your TurnItIn Score should be below 10%. Points will be deducted for 11-20%. Papers will receive a zero (0) for 21% or higher. Late assignments will receive a zero.
3% /100
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5/31/23, 9:38 AM Week 6 Course Project Assignment: Budget and Risk Management
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