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CPMGT 302 CPMGT302

CPMGT 302 CPMGT302

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Tutorial

CPMGT/302

PROCUREMENT AND RISK MANAGEMENT
The Latest Version A+ Study Guide
 
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CPMGT 302 Entire Course Link
https://uopcourses.com/category/cpmgt-302/
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CPMGT 302 Week 1 Risk Management Small Group Discussion

Discuss the role of risk management in the project planning process in small groups by completing the related “Risk Management Discussion” learning activity.

Submit a response of 250 to 350 words in length summarizing your small group’s discussion of the role of risk management in the project planning.
A discussion summary is not a paper when you can assign sections out to team members.  A discussion summary is brief but first requires that you have a team discussion.  Everyone must participate equally and early in the week to earn full credit.

CPMGT 302 Week 1 Risk Identification Worksheet and Paper

Complete the University of Phoenix Material: Risk Identification Scenarios worksheet. Insert the values which correspond to the probability of those risks, and the impact of the risk events
For each risk scenario – write a 50 to 100 word description on how you would document and mitigate the risks you identified.
Format the worksheet by including in-text citation and a reference page consistent with APA guidelines.
Submit the completed University of Phoenix Material: Risk Identification Scenarios Worksheet
Risk Identification Scenarios
 
Review each of the following scenarios and identify the risk events, the probability of those risks, and the impact of the risk events. Some scenarios may have more risks than others.
 
Scenario One
 
A retail firm has a project that is focused on expansion into third-world countries to sell pharmaceutical products. The project timeline is, as always, aggressive. The scope is well documented and understood by the project team and key members of the firm. The firm is financially sound, with project funds secure; however, the stakeholders expect that the project will pay for itself within 2 years of deployment.
 

Risk event
Probability of risk event
(1=high; 3=medium; 5=low)

Impact of risk event
(1=high; 3=medium; 5=low)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Scenario Two
 
A construction company has been awarded the contract to build a pipeline in Alaska. The project timeline is of the highest priority because work can only be completed during summer months due to adverse weather conditions. One of the suppliers of a key component has longer lead time than is required to complete the pipeline, but may be able to deliver if the construction company will pay fees to expedite. There are other suppliers, but these suppliers are not on the construction company’s approved suppler list and it would take time to get them approved. There is a huge penalty in the contract if the project is not completed on time.
 

Risk event
Probability of risk event
(1=high; 3=medium; 5=low)

Impact of risk event
(1=high; 3=medium; 5=low)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Scenario Three
 
A telecommunications company has just assigned you to be project manager for a product improvement project. The scope statement of the project simply says, “Make this product better.” The engineering team believes that they know how to make the product better and have ignored ideas from the sales team. The project funds are secure, as the company believes that improving this product will give them strategic advantages.
 

Risk event
Probability of risk event
(1=high; 3=medium; 5=low)

Impact of risk event
(1=high; 3=medium; 5=low)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 

CPMGT 302 Week 2 Risk Management Breakdown Structure Paper

Select an organization you are familiar with as the basis of the paper.
Read the following scenario for the selected organization:
Risk involves uncertainty, the lack of knowledge of future events, and the measures of profitability and consequences of not achieving the project goal. Your organization has decided that to be successful in the global economy it must expand its supply base into China or another country approved by your instructor. This has become a strategic project for the organization.
 
Resource: Figure 11-4 in A Guide to the Project Management Body of Knowledge (PMBOK®Guide)
Write a 1,400- to 2,100-word paper in which you address the following risk management items for this supplier global expansion project:

Describe the objectives and goals, tools and techniques, and organizational roles and responsibilities for effective risk management for the project.

Describe various information sources that may be used by the project team for risk identification.

Identify and describe the risk management documentation that will be required for the project. Examples include RMP and risk management log or register.

Explain the role of risk management in the project planning process.

Create a risk breakdown structure, which outlines the organization’s risk categories. See Figure 11-4 in the PMBOK® Guide. Consider the following categories:

Project risks

 Business

Contract relationships with customers and suppliers

Management

Political

Organizational risks

Project management risks

Cost estimates

Schedule estimates

Communication

Technical risks

Production risks

Manufacturing concerns

Logistics

Support risks

Maintainabilit

Warranty

 External risks

Procurement

Material availability

Lead times

Quality

Market 

Format your paper consistent with APA guidelines.

 
 

Performing Risk Analysis Discussion

 
 

CPMGT 302 Week 2 Performing Risk Analysis Discussion

Review the Week 1 Activity Performing Risk Analysis (PMBOK® Guide Fifth Edition) course individually.
 Discuss the Project Risk Management course with your Learning Team:

What qualitative risk analysis techniques did you learn about in the course?

Describe a real-world project management example of when you would use one or more of the qualitative risk analysis techniques your team identified.

Agree collectively on a response to the discussion question.
Submit a Learning Team response of 250 to 350 words in length.
 
 

CPMGT 302 Week 3 Risk Management Paper

Agree on using one of the organizations individual team members used in Week 2.
Your organization has determined that more resources are required to complete the project’s risk management process for the expansion into China or another country approved by your instructor. Your team has been asked to perform a risk analysis, develop risk responses, and determine how the project will monitor and control risks.
Resource: Risk Breakdown Structure from Part I and University of Phoenix Material: Risk Project Log
Write a 1,050- to 1,400-word paper in which you do the following:

Identify the risks associated with the supplier expansion. Document those risks in the Risk Project Log template.

Perform a qualitative risk analysis using risk probability and impact analysis.

Perform quantitative risk analysis.

Determine and document the criteria used to determine which risks will have a risk response plan.

Outline the timing–when and how often–of the risk management process in the project life cycle, including risk monitoring and controlling processes. Consider the following:

Risk reassessment

Risk audits

Status meetings

Format your paper and presentation consistent with APA guidelines.
 
 

CPMGT 302 Week 3 Risk Response and Control Discussion

Review the Week 2 Risk Response and Control (PMBOK® Guide Fifth Edition) course individually.
 Discuss the Risk Response and Control course with your Learning Team:

What strategies for handling negative risk did you learn about in the course?

Describe a real-world project management example of when you would use one or more of the strategies to handle negative risk your team identified.

What strategies for handling positive risk did you learn about in the course?

Describe a real-world project management example of when you would use one or more of the strategies to handle positive risk your team identified.

Agree collectively on a response to the discussion question.
Submit a Learning Team response of 250 to 350 words in length.
 
 

CPMGT 302 Week 4 Planning Project Procurement Management Discussion

Review the Week 3 Planning Project Procurement Management (PMBOK® Guide Fifth Edition) course individually.
 Discuss the Planning Project Procurement Management course with your Learning Team:

What common tools and techniques for planning project procurement did you learn about in the course?

What factors need to be considered in a make-or-buy analysis?

Describe a real-world project management example of when you would use one or more of the tools and techniques for planning project procurement your team identified.

Agree collectively on a response to the discussion question.
Submit a Learning Team response of 250 to 350 words in length.

CPMGT 302 Week 4 Procurement Planning Paper

Write a 1,050- to 1,400-word paper in which you do the following:

Describe the project procurement planning process. See Section 12.1 in the PMBOK®Guide.

Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable.

Explain the various contract types and describe who–buyer or seller–has the most at risk for each contract type.

Describe a source selection criterion that would be applicable to any project and identify three criteria that would apply to most projects. See Section 12.1.3.5 in thePMBOK® Guide.

Analyze the ethical concerns that should be considered when identifying source selection criteria.

Explain the role of risk management in the procurement planning process.

Format your paper consistent with APA guidelines.

 
 

CPMGT 302 Week 5 Contracting Process Paper

Write a 1,400- to 1,750-word paper in which you explain the process for conducting and closing procurements. Include the following:

Outline and explain high-level process steps for conducting project procurements.

Outline and explain contract administration policies and procedures.

Describe tools and techniques for the contract administration process, including the following:

Contract change control process

Procurement performance reviews

Inspections and audits

Performance reporting

Payment process (n/30, n/60, and so forth)

Records management system (RMS)

Describe conflict resolution techniques used while managing contractual relationships.

Outline steps to be taken to close out project procurements.

Explain the importance of closing project procurements and accounts.

Examine external influences on the procurement and risk management process.

Analyze the relationship between the risk response plan and the external influences.

Format your paper consistent with APA guidelines.