Managing Project Risk (Project Risk Management)

PROJECT TASK Your director at the department of Home Affairs has appointed you as the lead project manager for a project to rollout the new card type identification to all South African citizens, replacing the old green book identification document. Due to the recent security breaches, there have been many fake green book identification documents discovered, especially in the possession of illegal foreigners. The rollout of the new card type identification has hence become a priority, which is intended to rid illegal inhabitants of our country. The time period to complete the replacement identification document of the remaining citizens is 6 months at to cost of R50m. Your mandate is as a project manager, amongst others, is to ensure that the risks associated with the project is managed well so as to deliver the project within time, budget, resources and quality. Your director has made it clear to you that no additional security breaches will be tolerated.

Answer ALL the questions in this section.

Question 1 (20 Marks) You have called a meeting with your project team. Discuss with the team project risk management principles that you will like them to endorse so that the project risks may be managed well.

Discuss the project risk management principles in detail Apply the above to the project

Question 2 (20 Marks) You have studied examples of project risks. Refer to resource and team risks and discuss how you will ensure that these risks are managed effectively on your project.

Discuss the resource and team risks Discuss their appropriateness to your project

Question 3 (20 Marks) The benefits of risk management in projects are huge. This allows you to deliver your project on time, on budget and with the quality results your project sponsor demands. The ten golden rules of project risk management provide a set of guidelines on how to implement risk management successfully in projects. Refer to any FIVE (5) of the ten golden rules and discuss how you will implement these in your project.

Choose any 5 of the ten golden rules of risk project risk management Apply these to your project

Question 4 (20 Marks) You have called a meeting with your project team so that you can decide on what technique to use to identify the project risks. Select an appropriate technique and discuss how it can be used to identify your projects risks.

Use Brainstorming as an appropriate technique to identify your project risks Use the technique to describe how you will identify your project risks

Question 5 (20 Marks) Your director has requested that you provide him with a list of all the risks for your project. Identify at least FIVE (5) risks associated with your project and discuss them fully. Thereafter, record them on a risk register with all the details fully populated.

Identify and discuss at least 5 risks associated with your project Record these risks on a project risk register