PM 348 WC1 Project Risk Management Pls answer this ( INSTRUCTIONS Create a starter risk register using EXCEL for the two projects (A and B) described below Include at least 6 risks for project A and at least 8 risks for project B Project A Description Building a garden shed This includes the design of the shed, sourcing all the materials required for construction, and putting all of the various pieces together to get the finished shed Outcome A finished garden shed Proposed Tasks There are going to be certain tasks that depend on others Youre going to need to Get a set of blueprints for the shed and clear and prepare the area for construction Source all of the materials for the construction Prepare the foundation and start constructing the beams of the floor Lay the floorboards Construct the frames of the walls and raise and fit each of them Frame the roof and attach the roofing Fit in all the siding for the walls Fit in the windows and the doors From this, its obvious that you wont be able to start fitting the walls until the floor is in place, or start work on the roof until walls have been raised Stakeholders Besides yourself and those living in your home, your team can be neighbors, or friends Youll need to lead them and give them direction on the tasks you want them to do Outside risks include bad weather or the hardware store not having certain items, or being closed when you need it Timeline For a project like this that is relatively simple, the timeline depends on how large your team is With 10 people working on a garden shed, it could be finished in a matter of hours, but doing it alone may take 2 3 weekends of time Project B Description Plan a day long company meeting to review and discuss company performance over the last year The meeting will include speakers who have ideas how to improve the company and are anxious to talk during the meeting Outcome A successfully run meeting that meets all of the stakeholders objectives, within the budget and time constraints Proposed Tasks Depending on what is required by the key stakeholders, this could be as follows Discuss with the key stakeholders what the goals of the meeting are Talk to any previous project managers that have done this task before (for advice) Determine a rough estimate of how many people will attend Determine the preferred date for the event Determine the budget for the event Decide if the meeting will be held on site (for cost saving) or off site (for more focus) Book a function room accordingly Plan the meeting agenda, and decide on how many speakers are needed Give the speakers guidelines (topics, length) Confirm who will chair the meeting, and give the opening presentation Confirm who else will present in the meeting, and if any breakout sessions are required (if so, plan who will head each breakout session) Purchase thank you gifts for the speakers Confirm what needs to be prepared by attendees (if anything) Send out invitations to all attendees Confirm on final numbers of staff Book catering for the event Organize the room setup and the seating arrangement Double check all of the multimedia devices are connected and working (projector, microphone, etc ) Plan the flow of the meeting, and how it will be wrapped up at the end of the session Give thank you gifts to the speakers There are many dependencies as you progress down the list, organizing the room setup is impossible if you havent booked a room Dont forget to also consider the time taken for certain steps It may take a number of days to confirm all of the speakers, and they will also need time to prepare themselves and their presentations, so remember to build this into your timeline Stakeholders You may need to reach out to staff in other departments to make the project a success Consider what help you need from them, and reach out for assistance It may be as simple as an IT employee coming to connect the projector, or you may need specific help from administrative staff that requires sign off from their direct manager Think about how much time youre asking of each team member, and contingencies if something goes wrong, or they are not available Timeline Tasks must ensure that all preparation on the room is done beforehand You dont want to be running around finding a working microphone 2 minutes before you are due to start

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 26, 2024

PM.348.WC1 Project Risk Management Pls. answer this ;( INSTRUCTIONS Create a starter risk register using EXCEL for the two projects (A and B) described below.

PM.348.WC1 Project Risk Management

Pls. answer this ;(

INSTRUCTIONS

Create a starter risk register using EXCEL for the two projects (A and B) described below. Include at least 6 risks for project A and at least 8 risks for project B.

Project A

Description

Building a garden shed. This includes the design of the shed, sourcing all the materials required for construction, and putting all of the various pieces together to get the finished shed.

Outcome

A finished garden shed.

Proposed Tasks

There are going to be certain tasks that depend on others. Youre going to need to:

Get a set of blueprints for the shed and clear and prepare the area for construction
Source all of the materials for the construction
Prepare the foundation and start constructing the beams of the floor
Lay the floorboards
Construct the frames of the walls and raise and fit each of them
Frame the roof and attach the roofing
Fit in all the siding for the walls
Fit in the windows and the doors

From this, its obvious that you wont be able to start fitting the walls until the floor is in place, or start work on the roof until walls have been raised.

Stakeholders

Besides yourself and those living in your home, your team can be neighbors, or friends. Youll need to lead them and give them direction on the tasks you want them to do. Outside risks include bad weather or the hardware store not having certain items, or being closed when you need it.

Timeline

For a project like this that is relatively simple, the timeline depends on how large your team is. With 10 people working on a garden shed, it could be finished in a matter of hours, but doing it alone may take 2-3 weekends of time.

Project B

Description

Plan a day-long company meeting to review and discuss company performance over the last year. The meeting will include speakers who have ideas how to improve the company and are anxious to talk during the meeting.

Outcome

A successfully run meeting that meets all of the stakeholders objectives, within the budget and time constraints.

Proposed Tasks

Depending on what is required by the key stakeholders, this could be as follows:

Discuss with the key stakeholders what the goals of the meeting are.
Talk to any previous project managers that have done this task before (for advice)
Determine a rough estimate of how many people will attend
Determine the preferred date for the event
Determine the budget for the event
Decide if the meeting will be held on-site (for cost saving) or off-site (for more focus)
Book a function room accordingly
Plan the meeting agenda, and decide on how many speakers are needed
Give the speakers guidelines (topics, length)
Confirm who will chair the meeting, and give the opening presentation
Confirm who else will present in the meeting, and if any breakout sessions are required (if so, plan who will head each breakout session)
Purchase thank you gifts for the speakers
Confirm what needs to be prepared by attendees (if anything)
Send out invitations to all attendees
Confirm on final numbers of staff
Book catering for the event
Organize the room setup and the seating arrangement
Double check all of the multimedia devices are connected and working (projector, microphone, etc.)
Plan the flow of the meeting, and how it will be wrapped up at the end of the session
Give thank you gifts to the speakers

There are many dependencies as you progress down the list, organizing the room setup is impossible if you havent booked a room! Dont forget to also consider the time taken for certain steps. It may take a number of days to confirm all of the speakers, and they will also need time to prepare themselves and their presentations, so remember to build this into your timeline.

Stakeholders

You may need to reach out to staff in other departments to make the project a success. Consider what help you need from them, and reach out for assistance. It may be as simple as an IT employee coming to connect the projector, or you may need specific help from administrative staff that requires sign off from their direct manager. Think about how much time youre asking of each team member, and contingencies if something goes wrong, or they are not available.

Timeline

Tasks must ensure that all preparation on the room is done beforehand. You dont want to be running around finding a working microphone 2 minutes before you are due to start!