PROJECT RISK, PROCUREMENT AND INTEGRATION MANAGEMENT

TOPIC FOR ASSIGNMENT 2

ASSIGNMENT 2 – RISK FOCUSED PAPER

Choose any topics below:

a. Each student to write a report on a specific section.
b. Each section must be 10-15 pages (3000 words); 1.5 spaced, Font: Times
New Roman/Tahoma or Cambria 12 point.
c. Provide a 10-15 PowerPoint presentation slides
d. Provide a CD – of your PowerPoint slides together with a printed version
(Soft and Hard copy) of your paper.
e. Deadline: 3-4 week of class.
f. You are required to follow:
Some guidelines:
1. Explain briefly in the introduction what is the significance of the topic.
2. Emphasise the risk factor involved in each of the key elements of the topic
i.e. commonly researched area.
3. Again – the key element is risk – why risks happen and how they can be
mitigated or reduced.
4. You need to give examples – i.e. case studies
5. Use the format – How, Why, What, When and Where.
6. Follow also the guidelines in the essay writing techniques handout/notes.
7. The topics are allocated on the first come first basis.
8. After the topics are exhausted – a new set of topics will be given.
g. Use Management folder and not ring binder.
TOPICS

1. What are the main risks in any project? Choose any five and describe why the
risks happen and how they can be avoided.

2. What are the best options in project procurement process? List five main risks
in the area of procurement? How can you use best management process to
avoid the risks in the procurement process?

3. In the project integration management process, how can the management

optimize solutions?

4. Most enterprises face risk most of the time. Discuss what are the basic
principles of risk management? Explain with examples how the enterprise can
manage risks?

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5. Management in any company must understand the art of obtaining products
and services. The procurement cycle follows specific steps for identifying a
requirement or need of the company through the final step of the award of
the product or contract. Describe the steps that has to be taken in a
Procurement Cycle.

6. What are the main risks in any project? Choose any five and describe why the
risks happen and how they can be avoided. You have to show a depth of
understanding and give suitable real live examples.

7. Sometimes, even with the best of intentions, projects fail outright. Discuss some
of the important causes for a project failure? Elaborate how you can a least
reduce risks through risk management? Explain a project management can
identify and analyze risks? Discuss the risk response option.

8. Discuss the processes you would undertake to arrive at the best options in
project procurement? List five main risks in the area of procurement? Explain
how can you use best management process to avoid the risks in the
procurement process?

9. a) Your project has met with an unexpected problem. The supply of a critical
component of your final product is delayed by 25 days. You need to show an
alpha prototype of the product in 15 days. You have called a brainstorming team
meeting to determine if you can deliver this limited version without the critical
component or not. How are you going to solve this issue?

10. You work for a high technology company, the project manager and project
sponsor are discussing the project costs and whether it is better to have their
own company do part of the project or hire another company to do the work.
If they asked for your opinion, what would be your reasoning?

11. What are the main risks in any project? Choose any five and describe why the
risks happen and how they can be avoided. You have to show a depth of
understanding and give suitable real live examples.

12. What is risk management? How can a project management identify and
analyze risks? What are risk response option?

13. There are different types of risks and management. Choose the following risks
Financial Risk, Credit and Investment Risk. Analyse how these risks can happen
and how can these risks be handled and resolved. Give suitable example to
support your answers.

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14. There are different types of risks and management. Choose the following risks
Market Risk and Competitive Risk. Analyse how these risks can happen and
how can these risks be handled and resolved. Give suitable example to support
your answers.

15. There are different types of risks and management. Choose the following risks
Operational and Time Risk and Human/Physical Risk. Analyse how these risks
can happen and how can these risks be handled and resolved. Give suitable
example to support your answers.

16. Most enterprises face risk most of the time. Discuss what are the basic
principles of risk management? Explain with examples how the enterprise can
manage risks?

17. Management in any company must understand the art of obtaining products
and services. The procurement cycle follows specific steps for identifying a
requirement or need of the company through the final step of the award of
the product or contract. Describe the steps that has to be taken in a
Procurement Cycle.

18. What are the main risks in any project? Choose any five and describe why the
risks happen and how they can be avoided. You have to show a depth of
understanding and give suitable real live examples.

19. Sometimes, even with the best of intentions, projects fail outright. Discuss some
of the important causes for a project failure? Elaborate how you can at least
reduce risks through risk management? Explain a project management can
identify and analyze risks? Discuss the risk response option.

20. Discuss the processes you would undertake to arrive at the best options in
project procurement? List five main risks in the area of procurement? Explain
how can you use best management process to avoid the risks in the
procurement process?

21. Your road building project has met with an unexpected problem. The supply of
concrete beams, a critical component of your final product which is a bridge
which is delayed by 25 days. You need to complete the project on time before
the monsoon sets in. You have called a brainstorming team meeting to
determine if you can complete the project. Discuss the process of analysis and
solution to solve the problem.

22. You work for a high technology company; the project manager and project
sponsor are discussing the project costs and whether it is better to have their
own company do part of the project or hire another company to do the work.
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 If they asked for your opinion, what would be your reasoning?

23. What basic skills should a Project Manager have? What are the main risks in
any project? How must a project manager plan for managing risks?

24. There are different types of risks and management. Choose the following risks
Country Risk, Exchange Rate and Interest Rate. Analyse how these risks can
happen and how can these risks be handled and resolved. Give suitable
example to support your answers.

25. There are different types of risks and management. Choose the following risks
Compliance and Legal Risk. Analyse how these risks can happen and how can
these risks be handled and resolved. Give suitable example to support your
answers.

26. There are different types of risks and management. Choose the following risks
Strategy and Reputational Risk. Analyse how these risks can happen and how
can these risks be handled and resolved. Give suitable example to support your
answers.

27. Choose any five risks you know and discuss why the risks happen and how
they can be avoided. You have to show a depth of understanding and give
suitable real live examples.

28. What is risk management? How can a project management identify and
analyze risks? What are risk response option?

29. A business risk is a future possibility that may prevent you from achieving a
business goal. The risks facing a typical business are broad and include things
that you can control such as your strategy and things beyond your
control such as the global economy. Discuss this above statement. Support
your answer with suitable examples.

30. Analyse what is Quantitative and Qualitative Risk Analysis. Discuss the process
of risk evaluation and risk treatment. Give suitable examples to support your
answers.

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