Post-grad Risk and Project Management Paper

The completion of an academic assignment: Post Grad Diploma(Module: Managing Risk, Uncertainty and Complexity in Projects)

Formative Assessment

To what extent can a complex project environment be controlled? Your answer must include:

• A definition of a complex project environment
• A discussion of the techniques and strategies used by organisations to control risk in complex project environments
• A judgment as to the effectiveness of different risk management strategies

Formatting:
700-900 words
Justified alignment
Single-spaced
12pt Times New Roman font
Use an appropriate referencing system for footnotes and citations

Summative Assessment

Evaluate a complex project in an industry or organisation of your choosing. Your answer must include:

• An outline of what made it a specifically complex project
• A discussion of how far the strategies used managed or avoided the risks involved
• A judgment about lessons for future projects in similar areas

3000-4000 words
Justified alignment
Single-spaced
12pt Times New Roman font

Learning Outcomes
When awarded credit for this unit, a learner will: Assessment Criteria
Assessment of this learning outcome will require a learner to demonstrate that they can:
1. Be able to evaluate the risk management process. 1.1 Evaluate the characteristics of effective risk management.
1.2 Analyse the way in which risk management is integrated into each stage of a project’s life cycle.
1.3 Analyse the influence of culture on risk management.
1.4 Evaluate the effectiveness of different risk treatments for different kinds of risk.
2. Be able to assess the extent to which it is possible to control a complex project environment. 2.1 Identify characteristics of complex projects.
2.2 Analyse different ways of managing uncertainty in projects.
2.3 Evaluate the application of risk management concepts, techniques and risk management processes to control a complex project environment.
2.4 Develop a risk strategy that manages compliance requirements and risks faced by organisations in highly turbulent in project environments.
3. Be able to control and manage a complex project environment.
3.1 Identify the challenges of controlling and managing a complex project environment.
3.2 Analyse existing models and approaches and their suitability for complex project management.