03 Jul Week 8 Assignmnt
Read the case titled: “Risk Management on a Satellite Development Project” found in Chapter 10.
Write a six to eight (6-8) page paper in which you:
- Suggest the issues that could have developed had the team not had a risk plan. Determine the major impacts of risk that the team needs to understand for the project to be successful.
- Justify the value of risk plan considering the time, effort, cost, and resources it took to develop such a plan. If you were the project manager, recommend the approach that you would take to ensure the project met the critical path identified.
- Assess how to determine the level of risk management appropriate for a project.
- Imagine the team working on the satellite development project was a virtual team in which team members were unable to meet in person. Explain the expected impact on the project, and suggest two (2) ways the team could maintain its current goal in both planning and execution.
- Use at least four (4) quality academic (peer-reviewed) resources in this assignment.
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
- 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.
Points: 280
| Case Study 3: Risk Management on a Satellite Development Project | ||||
| Criteria | Unacceptable
Below 70% F |
Fair
70-79% C |
Proficient
80-89% B |
Exemplary
90-100% A |
| 1. Suggest the issues that could have developed had the team not had a risk plan. Determine the major impacts of risk that the team needs to understand for the project to be successful.
Weight: 10% |
Did not submit or incompletely suggested the issues that could have developed had the team not had a risk plan. Did not submit or incompletely determined the major impacts of risk that the team needs to understand for the project to be successful. | Partially suggested the issues that could have developed had the team not had a risk plan. Partially determined the major impacts of risk that the team needs to understand for the project to be successful. | Satisfactorily suggested the issues that could have developed had the team not had a risk plan. Satisfactorily determined the major impacts of risk that the team needs to understand for the project to be successful. | Thoroughly suggested the issues that could have developed had the team not had a risk plan. Thoroughly determined the major impacts of risk that the team needs to understand for the project to be successful. |
| 2. Justify the value of risk plan considering the time, effort, cost, and resources it took to develop such a plan. If you were the project manager, recommend the approach that you would take to ensure the project met the critical path identified. Weight: 20% |
Did not submit or incompletely justified the value of a risk plan considering the time, effort, cost, and resources it took to develop such a plan. Did not submit or incompletely recommended the approach that you would take to ensure the project met the critical path identified, if you were the project manager. | Partially justified the value of a risk plan considering the time, effort, cost, and resources it took to develop such a plan. Partially recommended the approach that you would take to ensure the project met the critical path identified, if you were the project manager. | Satisfactorily justified the value of a risk plan considering the time, effort, cost, and resources it took to develop such a plan. Satisfactorily recommended the approach that you would take to ensure the project met the critical path identified, if you were the project manager. | Thoroughly justified the value of a risk plan considering the time, effort, cost, and resources it took to develop such a plan. Thoroughly recommended the approach that you would take to ensure the project met the critical path identified, if you were the project manager. |
| 3. Assess how to determine the level of risk management appropriate for a project.
Weight: 25% |
Did not submit or incompletely assessed how to determine the level of risk management appropriate for a project. | Partially assessed how to determine the level of risk management appropriate for a project. | Satisfactorily assessed how to determine the level of risk management appropriate for a project. | Thoroughly assessed how to determine the level of risk management appropriate for a project. |
| 4. Explain the expected impact on the project, and suggest two (2) ways the team could maintain its current goal in both planning and execution.
Weight: 30% |
Did not submit or incompletely explained the expected impact on the project, and suggested two(2) ways the team could maintain its current goal in both planning and execution. | Partially explained the expected impact on the project, and suggested two (2) ways the team could maintain its current goal in both planning and execution. | Satisfactorily explained the expected impact on the project, and suggested two (2) ways the team could maintain its current goal in both planning and execution. | Thoroughly explained the expected impact on the project, and suggested two (2) ways the team could maintain its current goal in both planning and execution. |
| 5. Four (4) References
Weight: 5% |
No references provided. | Does not meet the required number of references; some or all references poor quality choices. | Meets number of required references; all references high quality choices. | Exceeds number of required references; all references high quality choices. |
| 6. Clarity and writing mechanics
Weight: 10% |
More than 6 errors present | 5-6 errors present | 3-4 errors present | 0-2 errors present |
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