ACME Development Corporation (ADC), a developer of custom homes and apartment complexes, has decided to standardize its project management practices and processes across its national organization. The goal is to standardize a single project scheduling tool and to have the tool installed and operational within 90 days. To this end, the company is forming a central project management office (PMO).

Until now, project managers (there are 40 presently on staff, distributed all over the United States) have been able to use whatever scheduling tool they liked, within their budget constraints. They have also been able to buy equipment and engage contractors at will. The PMO will determine one scheduling tool that all PMs will be expected to use, exclusive of any other scheduling tools. The PMO will also develop and implement a standardized procurement process. Because the PMs are located across the United States, a Web-based solution is likely to be the most successful tool.

As the project manager, you have been charged with implementing the procurement process, and you decide that your first project will be the tasks below.

Part 1

Create a risk template with a minimum of 15 positive and negative risks. Your template should identify the following:

• Risk name
• Risk description
• Risk type (positive or negative)
• Risk category (internal or external, material-related, labor-related, and so on)
• Probability or likelihood
• Impact
• Risk trigger
• Risk owner

Part 2

Create a weighted scorecard list of functional requirements for the scheduling tool that you need to purchase for ADC. You should decide the following:

• What risks and requirements must be included
• What weight each risk or requirement should be given
• Each of your requirement statements, one per row, in the Requirements column
• Any project assumptions that you make, documented in footnotes