CPMGT 302 CPMGT302

CPMGT/302

PROCUREMENT AND RISK MANAGEMENT

The Latest Version A+ Study
Guide


 

 

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CPMGT 302 Entire Course Link

https://uopcourses.com/category/cpmgt-302/

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CPMGT 302 Week 1 Risk
Management Small Group Discussion

Discuss the
role of risk management in the project planning process in small groups by
completing the related "Risk Management Discussion" learning
activity.

 Submit a response of 250 to 350 words in
length summarizing your small group's discussion of the role of risk management
in the project planning.

 A discussion summary is not a paper when you can assign
sections out to team members.  A discussion summary is brief but first
requires that you have a team discussion.  Everyone must participate
equally and early in the week to earn full credit. 

 

 

CPMGT 302 Week 1 Risk Identification
Worksheet and Paper

Complete the
University of Phoenix Material: Risk Identification Scenarios worksheet.

 Write a 750- to 1,050-word paper in
which you select one scenario from the University of
Phoenix Material: Risk Identification Scenarios. Describe how risk management
can mitigate the risk in the scenario. How would you document the risk?

 Submit the completed University of Phoenix
Material: Risk Identification Scenariosintegrated into the paper.  Submit
only one document.  


 Format your paper consistent with APA
guidelines.

Risk Identification Scenarios

 

Review each of the following scenarios and identify the risk events,
the probability of those risks, and the impact of the risk events. Some
scenarios may have more risks than others.

 

Scenario One

 

A retail firm has a project that is focused on expansion into third-world
countries to sell pharmaceutical products. The project timeline is, as always,
aggressive. The scope is well documented and understood by the project team and
key members of the firm. The firm is financially sound, with project funds
secure; however, the stakeholders expect that the project will pay for itself
within 2 years of deployment.

 




Risk
event


Probability
of risk event
(1=high; 3=medium; 5=low)


Impact
of risk event
(1=high; 3=medium; 5=low)




 


 


 




 


 


 




 


 


 




 


 


 




 


 


 




 


 


 




 

Scenario Two

 

A construction company has been awarded the contract to build a
pipeline in Alaska. The project timeline is of the highest priority because work
can only be completed during summer months due to adverse weather conditions. One
of the suppliers of a key component has longer lead time than is required to
complete the pipeline, but may be able to deliver if the construction company
will pay fees to expedite. There are other suppliers, but these suppliers are
not on the construction company’s approved suppler list and it would take time
to get them approved. There is a huge penalty in the contract if the project is
not completed on time.

 




Risk
event


Probability
of risk event
(1=high; 3=medium; 5=low)


Impact
of risk event
(1=high; 3=medium; 5=low)




 


 


 




 


 


 




 


 


 




 


 


 




 


 


 




 


 


 




 

Scenario Three

 

A
telecommunications company has just assigned you to be project manager for a
product improvement project. The scope statement of the project simply says,
“Make this product better.” The engineering team believes that they know how to
make the product better and have ignored ideas from the sales team. The project
funds are secure, as the company believes that improving this product will give
them strategic advantages.

 




Risk
event


Probability
of risk event
(1=high; 3=medium; 5=low)


Impact
of risk event
(1=high; 3=medium; 5=low)




 


 


 




 


 


 




 


 


 




 


 


 




 


 


 




 


 


 




 

 

CPMGT 302 Week 2 Risk Management
Breakdown Structure Paper

Select an
organization you are familiar with as the basis of the paper.

 Read the following scenario for the
selected organization:

 Risk involves uncertainty, the lack of knowledge of future
events, and the measures of profitability and consequences of not achieving the
project goal. Your organization has decided that to be successful in the global
economy it must expand its supply base into China or another country approved
by your instructor. This has become a strategic project for the organization.

 

Resource: Figure
11-4 in A Guide to the Project Management Body
of Knowledge (PMBOK®Guide)


 Write a 1,400- to 2,100-word paper in which
you address the following risk management items for this supplier global
expansion project:


  • Describe the objectives and
    goals, tools and techniques, and organizational roles and responsibilities
    for effective risk management for the project.




  • Describe various information
    sources that may be used by the project team for risk identification.




  • Identify and describe the risk
    management documentation that will be required for the project. Examples
    include RMP and risk management log or register.




  • Explain the role of risk
    management in the project planning process.



Create a
risk breakdown structure, which outlines the organization's risk categories.
See Figure 11-4 in the PMBOK® Guide.
Consider the following categories: 


  • Project risks


    •  Business

    • Contract
      relationships with customers and suppliers

    • Management

    • Political 





  • Organizational risks

  • Project management risks 


    • Cost
      estimates

    • Schedule
      estimates

    • Communication 





  • Technical risks

  • Production risks 


    • Manufacturing
      concerns

    • Logistics 





  • Support risks 


    • Maintainabilit

    • Warranty





  •  External risks 





    • Procurement 


      • Material
        availability

      • Lead
        times

      • Quality 






  • Market 



Format your paper consistent with APA guidelines.

 

 

CPMGT 302 Week 3 Risk
Management Paper

Agree on using one of the organizations individual team members
used in Week 2.

 Your organization has determined that more
resources are required to complete the project's risk management process for
the expansion into China or another country approved by your instructor. Your
team has been asked to perform a risk analysis, develop risk responses, and
determine how the project will monitor and control risks.

 Resource: Risk Breakdown Structure from Part I and University of
Phoenix Material: Risk Project Log

 Write a 1,050- to 1,400-word paper in which you do the
following: 


  • Identify the
    risks associated with the supplier expansion. Document those risks in the
    Risk Project Log template. 




  • Perform a
    qualitative risk analysis using risk probability and impact
    analysis. 




  • Perform
    quantitative risk analysis. 




  • Determine
    and document the criteria used to determine which risks will have a risk
    response plan. 




  • Outline the
    timing--when and how often--of the risk management process in the project
    life cycle, including risk monitoring and controlling processes. Consider
    the following: 





    • Risk reassessment

    • Risk audits

    • Status meetings 




Format your paper and
presentation consistent with APA guidelines.

 

 

CPMGT 302 Week 4 Planning
Project Procurement Management Discussion

Review the Week 3 Planning Project Procurement Management (PMBOK® Guide Fifth Edition) course individually.

 

Discuss the Planning Project
Procurement Management course with your Learning Team: 


  • What common
    tools and techniques for planning project procurement did you learn about
    in the course?

  • What factors
    need to be considered in a make-or-buy analysis?


    • Describe a real-world project management example of
      when you would use one or more of the tools and techniques for planning
      project procurement your team identified. 




Agree collectively on a
response to the discussion question.

 Submit a Learning Team response of 250 to 350 words
in length.

 

 

CPMGT 302 Week 4 Procurement
Planning Paper

Write a
1,050- to 1,400-word paper in which you do the following: 


  • Describe the project procurement
    planning process. See Section 12.1 in the PMBOK®Guide




  • Identify the most valuable output
    of the plan procurement process and explain why you believe it is most
    valuable. 




  • Explain the various contract
    types and describe who--buyer or seller--has the most at risk for each
    contract type. 




  • Describe a source selection
    criterion that would be applicable to any project and identify three
    criteria that would apply to most projects. See Section 12.1.3.5 in thePMBOK® Guide




  • Analyze the ethical concerns that
    should be considered when identifying source selection criteria. 




  • Explain the role of risk
    management in the procurement planning process. 



Format your paper consistent with APA guidelines.

 

 

CPMGT 302 Week 5 Contracting Process
Paper

Write a 1,400- to 1,750-word paper in which you explain
the process for conducting and closing procurements. Include the
following: 


  • Outline and
    explain high-level process steps for conducting project procurements.

  • Outline and
    explain contract administration policies and procedures. 

  • Describe
    tools and techniques for the contract administration process, including
    the following: 





    • Contract change control process

    • Procurement performance reviews

    • Inspections and audits

    • Performance reporting

    • Payment process (n/30, n/60, and so forth)

    • Records management system (RMS) 





  • Describe
    conflict resolution techniques used while managing contractual
    relationships. 

  • Outline
    steps to be taken to close out project procurements. 

  • Explain the
    importance of closing project procurements and accounts. 

  • Examine
    external influences on the procurement and risk management process. 

  • Analyze the
    relationship between the risk response plan and the external
    influences. 



Format your paper consistent with APA
guidelines.

 

 

 
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