BUS 519 Complete Course
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Wednesday, 29 July 2015

BUS 519 Complete Course

BUS 519 Complete Course
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BUS 519 Week 1 Discussion
"What is Risk?"  Please respond to the following:
·         There are three (3) schools of thought regarding risk. The first considers the positive and negative aspects of risk, but sees them as separate. The second group believes that there are benefits from treating threats and opportunities together, while the third school does not label uncertainties, but addresses uncertainty as part of “doing the job.” Argue the value of having a risk strategy despite the cost associated with it. Include an example to support your response. Provide a rationale for your selection and determine how this approach helps a project to be successful.

BUS 519 Week 2 Discussion
"Need for Risk Management" Please respond to the following:
·         There are four (4) critical success factors that are important for effective risk management: supportive organization; competent people; appropriate methods, tools and techniques; and simple, scalable process. Determine three (3) obstacles for an organization to manage risk effectively. Suggest strategies from the perspective of a project manager to avoid the obstacles.

BUS 519 Week 3 Discussion
"Project Initiation" Please respond to the following:
·         Using the “Stakeholder Analysis Template” (Appendix B2 in the Hillson and Simon text) for a company that you currently work for or you are familiar with, determine the key stakeholders and categorize them by their attitude, power, and interest dimensions. Explain how stakeholder analysis affects the overall project risk management within an organization.

BUS 519 Week 3 Assignment 1 Assess Organizational Readiness
Due Week 3 and worth 200 points
Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another. 
Review the assigned case study and complete this assignment.
Write a five to seven (5-7) page paper in which you:
1.      Analyze how the Critical Success Factors (CSFs) apply to the facts of the case study. Provide examples to support your analysis.
2.      Determine the project benefits, organizational readiness, and risk culture of the company in the case study. Provide justification for your response.
3.      Develop at least three (3) project risk recommendations based on the analysis from criteria number 1 and 2 of this assignment.
4.      Identify the initial categories of risk (RBS Level 1 and 2) that you see as being present in the case study using the Example Risk Checklist (Figure A-2, Hillson& Simon text).
5.      Use at least four (4) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
·         Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
·         Analyze the critical success factors (CSFs), project benefits, and organizational readiness and risk culture of the company.
·         Apply the results of this analysis to the development of project risk recommendations.
·         Use technology and information resources to research issues in project risk management
·         Write clearly and concisely about project risk management using proper writing mechanics.
 Click here to view the grading rubric.
Assignments in this course are based on a case chosen by your instructor.  Click on the link above to access the case pack. 
Your instructor will let you know which case to use. (Trouble accessing? Check Student Center for Detailed Instructions on XanEdu)

BUS 519 Week 4 Discussion
"Identifying and Mitigating Risks" Please respond to the following:
·         Imagine you are considering opening a business. Share the type of business you would open. Then, create a list of the five (5) most significant risks that you must address prior to making your decision regarding the viability of your venture. Justify the risks.

BUS 519 Week 4 Assignment 2 Risk Management Plan
Due Week 4 and worth 240 points
Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another.
In this assignment, you will create a risk management plan. You have a budget of $100,000 and a timeline of six (6) months for the plan. Please refer to Figure A-1, Risk Management Plan Template, from Appendix A of the Hillson and Simon text to create the plan.
Write an eight to ten (8-10) page Risk Management Plan Component paper in which you:
1.      Prepare the Scope and Objectives of the Risk Management Process section of the Risk Management Plan based on the facts presented in the case study.
2.      Determine the project size, based on the facts presented in the case study, and provide justification based on Figure 3-4, Example Project Sizing Tool (Chapter 3 of the Hillson and Simon text).
3.      Select the risk tools and techniques, and complete the Risk Tools and Techniques section of the Risk Management Plan for both the qualitative and quantitative aspects of the project. Provide a rationale for the selection.
4.      Develop the Risk Reviews and Reporting section of the Risk Management Plan based on the project size previously determined.
5.      Define the Probability and Impacts section of the Risk Management Plan and justify the values assigned.
6.      Define the Risk Thresholds section of the Risk Management Plan and justify the values assigned.


Your assignment must follow these formatting requirements:
·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
·         Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
·         Apply the concepts of risk management in a project context to develop an appropriate risk management plan as a key element of the project management process.
·         Survey the project sponsor, stakeholders, team membership and key decision influencers to develop a qualitative assessment of the project risks and apply the results to further refine the project risk management plan.
·         Create a schedule of project risk reviews appropriate to the organization and risk including major, minor, and post-project threats and opportunities, including archiving the results of the project risk plan is incorporated into this schedule.
·         Use technology and information resources to research issues in project risk management
·         Write clearly and concisely about project risk management using proper writing mechanics.
 Click here to view the grading rubric.
Assignments in this course are based on a case chosen by your instructor.  Click on the link above to access the case pack. 
Your instructor will let you know which case to use. (Trouble accessing? Check Student Center for Detailed Instructions on XanEdu)

BUS 519 Week 5 Discusion
"Risk Perception" Please respond to the following:
·         Using the information presented in “Common Influences on Risk Perception” Figure 6-3 (Hillson and Simon text), determine the conscious factors, subconscious factors, and affective factors for this project. Examine how awareness of such factors influences the decision of hiring outside vendors. In addition, analyze how the stated factors help improve the overall facilitation and effectiveness of the risk management.

BUS 519 Week 6 Discussion
"Quantitative Risk Analysis" Please respond to the following:
·         Review the Monte Carlo Analysis method presented in Chapter 15 of the Hillson and Simon text. Then, determine whether or not you would recommend to a project manager the use of this methodology for a large, complex project. Include an example to support your response. If you would not recommend the use of a method such as Monte Carlo, explain what you would recommend as an alternative tool that would allow the project manager to make informed decisions. Provide a rationale for your recommendation.

BUS 519 Week 6 Assignment 3 Risk Workshop and Risk Register

Due Week 6 and worth 240 points


Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another.


Write an eight to ten (8-10) Risk Workshop and Risk Register Component paper in which you:
1.      Identify the required pre-workshop activities.
2.      Prepare a risk workshop agenda based on Figure B-8, Sample Agenda for a First Risk Assessment / Two – Day Risk Workshop (Appendix B of the Hillson and Simon text). Include suggested time intervals for each activity and justify why each agenda item is relevant for this case.
3.      Determine the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each threat.
4.      Justify the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment.
5.      Document the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each opportunity.
6.      Justify the assignment of probability and impacts for each opportunity identified in criterion number 5 of this assignment. 
7.      Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
·         Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
·         Assess and prioritize risks to the project through an analysis of the active threats and opportunities presented.
·         Apply the Active Threats and Opportunities Management (ATOM) process to ensure a consistent, measurable result of this analysis.
·         Use technology and information resources to research issues in project risk management
·         Write clearly and concisely about project risk management using proper writing mechanics.
 Click here to view the grading rubric
Assignments in this course are based on a case chosen by your instructor.  Click on the link above to access the case pack. 
Your instructor will let you know which case to use. (Trouble accessing? Check Student Center for Detailed Instructions on XanEdu)
BUS 519 Week 7 Discussion
"Planning for Unknowns" Please respond to the following:
·         Evaluate your project management options in terms of schedule, performance, and cost for the following scenario. Support your evaluation.
An office building construction project is 80% complete in the southern Virginia area, when a major hurricane strikes, and stops progress on the worksite for 10 days while damage is assessed and repairs are completed. The project has a fixed budget and a completion date that cannot be moved any further to the right.

BUS 519 Week 8 Discussion
"Ongoing Risk Management" Please respond to the following:
·         In many risk programs, risks are managed individually. However, a robust risk program considers the cumulative effect of all risks. Assess the following scenario and identify the effect of multiple events on a risk management strategy:
When the Titanic struck the iceberg, the weather was bad, the lookouts were not properly equipped, the radio operator was not monitoring other ship traffic in the area, and the ship design had a major flaw in the construction of the hull’s “watertight” compartments.

BUS 519 Week 9 Discussion
"Post-Project Review" Please respond to the following:
·         Compare and contrast the differences in the ATOM methodology for large versus small projects. Analyze the key reasons why it is important to address these differences when preparing the initial project plan.

BUS 519 Week 9 Assignment 4 Project Progress
Due Week 9 and worth 200 points
Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another.
During the project life cycle, project risk reviews and reports are required as previously identified in the risk management plan. Two months after the project started, the following events have taken place.
1.      The top-two (2) threats have occurred.
2.      The top opportunity has been realized.
3.      The project’s risk budget is already exhausted.
4.      The risk management schedule has been shortened by two (2) months.
Write a five to seven (5-7) page paper in which you:
1.      Analyze the impact of those events on the project.
2.      Determine if any mitigation activities are required and explain why.
3.      Determine if budget / schedule changes are necessary and explain why.
4.      Update the risk register and highlight the changes made. Provide the justification for the changes.
5.      Use at least four (4) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
·         Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
·         Given an information requirement related to project risk management, determine the nature and extent of information needed to effectively address the topic; efficiently locate, determine the validity, and critically evaluate the resources; and apply the information to accomplish the specific purpose (report, case analysis, factual requirement, problem solving, and planning).
·         Use technology and information resources to research issues in project risk management.
·         Write clearly and concisely about project risk management using proper writing mechanics.
 Click here to view the grading rubric.
Assignments in this course are based on a case chosen by your instructor.  Click on the link above to access the case pack. 
Your instructor will let you know which case to use. (Trouble accessing? Check Student Center for Detailed Instructions on XanEdu)
BUS 519 Week 10 Discussion
"ATOM for Large Projects" Please respond to the following:
·         Debate whether or not the cost of utilizing ATOM for large projects is justified when an organization has limited resources to dedicate to risk management efforts. Provide a description that you would present to your managers to persuade them to see matters your way.
BUS 519 Week 11 Discussion
"Course Lessons Learned" Please respond to the following:
·         Identify three (3) concepts that you have learned in this course that will be useful for project work in your current or future employment organization. Explain how you would justify the use of the three (3) concepts identified to other members of your organization.

BUS 519 Complete Course
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