Risk Status Report and Paper [CLOs: 5, 6]
Scenario
The Quick Drop 100 transition team has met to identify project risks, explore contingency plans, and assign owners to watch for symptoms and address the risks. The team surfaced the following information:
- Julie is scheduled for a one week vacation during month three of the project.
- The supplier of a common set of hand tools for the manufacturing floor notified the Roto Air Purchasing department that the tools will not be available until one month after manufacturing is scheduled to start. Alternative suppliers are available.
- The Human Resources department has indicated that despite their best recruiting efforts the two openings for skilled welders have resulted in no qualified local applicants.
- The manufacturer of the custom-built rotor forming machine now expects to be one month past the last acceptable date for installing the machine. No other suppliers exist for this item.
- Roto Air uses a Just In Time (JIT) delivery system for major components used at the Florida plant. Hurricane season often interrupts or delays deliveries during one of the scheduled months of the project.
Assignment Instructions
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This week you will be essentially doing two related assignment in one MS Word document. The first part is a status report. The second part is an academic paper.
Part 1 Status Report:
Prepare a simple status report for senior management by creating a table within a MS Word. For each of the five risks include in the table the following:
- Determine if each risk should be classified as low, medium, or high based on its impact to the project.
- Differentiate the risk classifications in the table using red, yellow, and green shading using, red for high, yellow for medium, and green for low to produce a status report that immediately signals the severity of the impact without reading the details.
- Describe one plausible risk response for each of the risks.
- Identify a team member to be responsible for monitoring each risk.
Part 2 Academic Paper:
Write a paper that reviews the risks and explains the options a project manager has available to lessen the effects of risk. These include acceptance, avoidance, control (mitigation), and transfer.
The paper
Grading rubric
Description:
Total Possible Score: 10.00
Creates a Table, Determines Risk Classification, and Differentiates With Color
Total: 4.00
Distinguished – Correctly creates a table, properly determines risk classification, and properly differentiates with color, or uses “high”, “medium”, or “low.”
Proficient – Correctly creates a table, properly determines risk classification, and properly differentiates with color or uses “high”, “medium”, or “low” for four out of five risks.
Basic – Correctly creates a table, properly determines risk classification, and properly differentiates with color or uses “high”, “medium”, or “low” for three out of five risks.
Below Expectations – Incorrectly creates a table, or properly determines risk classification, and fails to properly differentiate with color or or uses “high”, “medium”, or “low” for two out of five risks.
Non-Performance – The table and classifications are either nonexistent or lack the components described in the assignment instructions.
Describes One Plausible Risk Response For Each of the Risks and Identifies a Team Member to Be Responsible for Monitoring Each Risk
Total: 2.00
Distinguished – Thoroughly describes one plausible risk response for each of the five risks and identifies a team member to be responsible for monitoring each risk.
Proficient – Describes one plausible risk response for at least four risks and identifies a team member to be responsible for monitoring each risk. Minor details are missing.
Basic – Describes one plausible risk response for at least three risks and identifies a team member to be responsible for monitoring each risk. Relevant details are missing.
Below Expectations – Describes one plausible risk response for at least two risks and identifies a team member to be responsible for monitoring each risk. Significant details are missing.
Non-Performance – The description of one plausible risk and the identification of a team member responsible for monitoring are either nonexistent or lack the components described in the assignment instructions.
Explains the Four Options a Project Manager Has Available to Lessen the Effects of Risk
Total: 2.00
Distinguished – Thoroughly explains all four options a project manager has available to lessen the effects of risk.
Proficient – Explains all four options a project manager has available to lessen the effects of risk. Minor details are missing.
Basic – Explains at least three of the four options a project manager has available to lessen the effects of risk. Relevant details are missing.
Below Expectations – Explains at least two of the four options a project manager has available to lessen the effects of risk. Significant details are missing.
Non-Performance – The explanation of the options a project manager has available to lessen the effects of risk is either nonexistent or lacks the components described in the assignment instructions.
Critical Thinking: Conclusions and Related Outcomes
Total: 0.50
Distinguished – Conclusions and related outcomes are logical and clearly reflect an informed evaluation and the ability to place evidence and perspectives discussed in priority order.
Proficient – Conclusions and related outcomes are logical and reflect an informed evaluation and the ability to place evidence and perspectives discussed in priority order.
Basic – Conclusions and related outcomes are identified and minimally reflect an informed evaluation and the ability to place evidence and perspectives discussed in priority order.
Below Expectations – Conclusions and related outcomes are not logical or reflective of an informed evaluation and the ability to place evidence and perspectives discussed in priority order.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Integrative Learning: Integrated Communication
Total: 0.50
Distinguished – Utilizes a format, language, or graph (or other visual representation) in ways that enhance comprehension, while making clear the interdependence of language and meaning, thought, and expression.
Proficient – Utilizes a format, language, or graph (or other visual representation) to correlate content and form, demonstrating an awareness of purpose and audience.
Basic – Utilizes a format, language, or graph (or other visual representation) that correlates what is being communicated.
Below Expectations – Utilizes a format, language, or graph (or other visual representation) that is appropriate, but may be incomplete or contain inaccuracies.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Control of Syntax and Mechanics
Total: 0.25
Distinguished – Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand.
Proficient – Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors and is mostly easy to understand.
Basic – Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors which may slightly distract the reader.
Below Expectations – Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors which distract the reader.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: APA Formatting
Total: 0.25
Distinguished – Accurately uses APA formatting consistently throughout the paper, title page, and reference page.
Proficient – Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.
Basic – Exhibits limited knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements.
Below Expectations – Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Page Requirement
Total: 0.25
Distinguished – The length of the paper is equivalent to the required number of correctly formatted pages.
Proficient – The length of the paper is nearly equivalent to the required number of correctly formatted pages.
Basic – The length of the paper is equivalent to at least three quarters of the required number of correctly formatted pages.
Below Expectations – The length of the paper is equivalent to at least one half of the required number of correctly formatted pages.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Resource Requirement
Total: 0.25
Distinguished – Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Proficient – Uses the required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Basic – Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.
Below Expectations – Uses an inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.
Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.
Use subheadings
·
· Title page
· Introduction
· Business case
· Conclusion
· References
Class, it’s very important to clearly align your assignments with rubric requirements. Please note that I can NOT grade any work without the use of headings and subheadings (subheadings not needed in most cases).
Class, it’s very important to clearly align your assignments with rubric requirements. Please note that I can NOT grade any work without the use of headings and subheadings (subheadings not needed in most cases).
