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DeVry PROJ 420 Full Course Latest
DEVRY PROJ 420 FULL COURSE [ ALL DISCUSSIONS ALL QUIZES AND FULL COURSE PROJECT
DeVry PROJ 420 Week 1 Discussions Latest
Why Should We Practice Risk Management? (graded) |
In the course of our everyday activities, we take many risks. Some of them are very real to us and some we hardly notice. In the business world, risks can affect the company in many ways, even to the extent of causing it to go out of business. Now that you have read about risk management and the reasons for doing it and not doing it, let’s talk about the risks you face in your everyday life and why you would choose to do risk management.
The ATOM Risk Management Process (graded) |
The ATOM Risk Management Process is designed to be a simple, scalable format for performing risk management that can be applied to any project. Why do you think that it is a benefit to carry out a risk management process?
DeVry PROJ 420 Week 2 Discussions Latest
The Initiation Step (graded) |
The goal of the initiation step is to identify the project objectives. This is a different view from what has been accepted practice in risk management. Why do you think this is a better approach?
Risk Identification (graded) |
The unknown risks are ones that we can’t identify because they have never happened. But they can affect the project as much and even more than those we can identify. How can we deal with this problem?
DeVry PROJ 420 Week 3 Discussions Latest
Risk Identification (graded) |
The project charter usually will include assumptions about the risks the project will face. These assumptions may or may not be correct. Once the risks are identified, what do you think would be the way to verify or refute these assumptions?
This section lists options that can be used to view responses.
The Work Breakdown Structure (graded) |
A work breakdown structure (WBS) provides the backbone of the project, giving it a consistent and visible framework. The WBS offers uniformity in definition and consistency of approach. Some might consider that uniformity a benefit; others might see it as restricting creativity. What do you think?
DeVry PROJ 420 Week 4 Discussions Latest
Communications (graded) |
Communication is an essential element of all of the steps of the ATOM process. The Assessment step is no exception as we work through the classification of the risks. How would you describe the elements of communication that are essential to any interaction?
Risk Assessment – Probability and Impact (graded) |
During Assessment, there may be differences in assessing the probability of a risk. How would you, as the workshop facilitator, help reach a consensus?
This section lists options that can be used to view responses.
DeVry PROJ 420 Week 5 Discussions Latest
Risk Response Planning (graded) |
One of the key elements in building a risk response is appropriateness. How would you describe what this concept means? Think in terms of what it means to you, not what you have read about the idea.
Reporting (graded) |
Reports are an essential part of communication, and as we have discussed, communication is best when it is targeted for its audience. You have the completed risk report and you will be presenting it to management. Will you present the whole report, parts of it, or a revised version? Explain your choice.
DeVry PROJ 420 Week 6 Discussions Latest
Implementation (graded) |
During the course of the Implementation step, new risks may be identified or we may find secondary risks arising when dealing with identified risks that occur. As the person who identifies this new risk, what steps do you think you should take to get it managed?
Reviews (graded) |
A major review is scheduled for the next milestone in the project and, as the Project Manager, you sense that the team feels that it is not necessary because the project is going well. How would you explain to them the importance of the review?
DeVry PROJ 420 Week 7 Discussions Latest
Post-Project Review (graded) |
Given the structure of the review, what do you feel is the most important component? Explain why. What is its benefit to the process?
The ATOM Process (graded) |
We have now covered the steps of the ATOM process. What is your opinion of the process as it relates to risk management? What are its benefits? What are its drawbacks?
DeVry PROJ 420 Course Project Latest
.equella.ecollege.com/file/2f10558d-88d2-4ece-b74e-ade13a1e4daa/1/PROJ420_CH_CourseProject.html#1″>Objectives| .equella.ecollege.com/file/2f10558d-88d2-4ece-b74e-ade13a1e4daa/1/PROJ420_CH_CourseProject.html#2″>Deliverables| .equella.ecollege.com/file/2f10558d-88d2-4ece-b74e-ade13a1e4daa/1/PROJ420_CH_CourseProject.html#3″>Guidelines| .equella.ecollege.com/file/2f10558d-88d2-4ece-b74e-ade13a1e4daa/1/PROJ420_CH_CourseProject.html#4″>Grading Rubrics| .equella.ecollege.com/file/2f10558d-88d2-4ece-b74e-ade13a1e4daa/1/PROJ420_CH_CourseProject.html#5″>Best Practices
OBJECTIVES
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For this course, you will complete several weekly assignments and compile a Course Project paper. This paper involves the development of a risk management plan, commonly called an RMP, throughout the course.
While the weekly assignments are the basis for what you will be doing for the RMP, they are not the RMP itself. Your weekly assignments will assist you in the development of an RMP by completing some of the essential parts of the final paper. These various sections, which will follow your weekly assignments, have been developed according to the Deliverables schedule below.
Remember that your weekly assignments are built around the project that you will choose during Week 1.
The assignments for Weeks 1–6 are the basis of your project; the final paper, however, which is due in Week 7, will be built following the template on page 209 in Appendix A within the Practical Project Risk Management: The ATOM Methodology text. In addition, your final paper will focus on the top 20 risks you have identified.
Refer to the Deliverables section below for a comprehensive outline and schedule for your Course Project. Also see the Syllabus section “Due Dates for Assignments & Exams” for due date information.
DELIVERABLES
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Week 1: Selecting a Project
During Week 1, you will select a project for your risk management plan Course Project. The project can be one that you are working on as part of your regular job, a case study you have completed in the past, or a project that you want to plan, either business or personal. You will choose your project so that you will be very familiar with it and understand its various elements. The project request will be submitted as a graded assignment.
To select your project, submit a description of it using the Week 1 Course Project Proposal & Outline Template (PROJ420_W1_ProposalAndOutline.docx) in Doc Sharing.
Submit your assignment to the Week 1 Course Project Dropbox located on the silver tab at the top of this page. For instructions on how to use the Dropbox, read these.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=184″>step-by-step instructions or watch this.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=232″>Dropbox Tutorial. See the Syllabus section “Due Dates for Assignments & Exams” for due date information.
You will receive a post in your Dropbox that will indicate approval to proceed.
This submission must be well presented because this is a required assignment that will receive a grade in Gradebook. The project paper is a required item for successful completion of this class. If you do not submit a project selection, you will not be able to proceed with assignments, because each week builds upon the last. We will discuss the various steps in developing the RMP for your project in our weekly discussions. All submissions for a grade will also be evaluated for grammar and spelling.
Week 2: Project Sizing and Stakeholder Analysis
Your Course Project milestone for Week 2 will be to develop your project sizing and stakeholder analysis.
To do this, use the Week 2 Course Project Assignment Template (PROJ420_W2_AssignmentTemplate.docx) in Doc Sharing.
Week 3: Project Risk Breakdown Structure
For your third Course Project milestone, develop a risk breakdown structure.
To do this, use the Week 3 Course Project Assignment Template (PROJ420_W3_AssignmentTemplate.docx) in Doc Sharing.
In order to keep the RBS manageable, identify 10 risks from your project to be included in your RBS.
Week 4: Probability-Impact Matrix
This week for your Course Project milestone, submit a Probability-Impact Matrix for the project you selected based on the top 10 risks you identified in your RBS in Week 3.
To do this, use the Week 4 Course Project Assignment Template (PROJ420_W4_PIMatrixTemplate.xlsx) in Doc Sharing.
Week 5: Risk Register
Develop and submit a risk register based on the 10 risks you have assessed within the project you selected. Your register should have four sections.
- Project title
- Risk description
- Impact and probability rating
- Planned response
Note that there is no template for this week’s assignment.
Week 6: Summary Risk Report
This week, you are to develop a summary risk report based on the project you have selected and have been assessing.
Refer to Figure B-12 in Appendix B on page 233 in your Practical Project Risk Management: The ATOM Methodology text. The report is a summary, so please keep your assignment in that format. Five pages is the suggested maximum length.
Submit your assignment to the Week 6 Course Project Dropbox located on the silver tab at the top of this page. For instructions on how to use the Dropbox, read these.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=184″>step-by-step instructions or watch this.next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=232″>Dropbox Tutorial. See the Syllabus section “Due Dates for Assignments & Exams” for due date information.
Week 7: Course Project Final Paper (The RMP)
Your final paper for the Course Project (the RMP) is due in Week 7.
Please reference the template found in Appendix A, page 209, of the Practical Project Risk Management: The ATOM Methodology text.
The course project paper is your risk management plan (RMP).
Note the Guidelines section below for additional requirements for your final paper.
GUIDELINES
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Just a few reminders on your final Course Project paper.
- You will be using the information that you have obtained in the weekly assignments to complete the paper, but you should not simply copy and paste the weekly assignments into each section of your final paper.
- Ensure that each of your weekly assignments has been submitted and graded. Remember that the paper is only one part of your weekly work and that your weekly assignments make up critical information that you will use to write your final Course Project paper.
- Follow the format as indicated in the Deliverables section above.
- One of the most important steps that you can take: proofread your paper! Have someone else who does not know about the project read the paper. If he or she can read and fully understand what you’re saying, you probably have a good paper. Remember: You know what you’re saying, but does the reader understand the message that you’re trying to convey? This one element will save you time and the grief of a poor grade for grammar and readability.
- Papers must be 15 to 20 pages in length (this would be roughly one page per area included in the report), using 10-point font, double-spaced, and must include a cover page, table of contents, introduction, body of the report, summary or conclusion, and works cited.
- Even though this is not a scientific writing assignment and is mostly creative in nature, references are still very important. At least six authoritative, outside references are required (anonymous authors or web pages are not acceptable). These should be listed on the last page, titled Works Cited.
- Appropriate citations are required.
- All DeVry University policies are in effect, including the plagiarism policy.
- Papers are due during Week 7 of this course.
- Any questions about this paper may be discussed in the weekly Q & A Discussion topic.
- This paper is worth 175 total points and will be graded on quality of research topic, quality of paper information, use of citations, grammar, and sentence structure.
Submit your final Course Project paper to the Week 7 Course Project Dropbox located on the silver tab at the top of this page. For instructions on how to use theDropbox, read these .next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=184″>step-by-step instructions or watch this .next.ecollege.com/default/launch.ed?ssoType=DVUHubSSO2&node=232″>Dropbox Tutorial. See the Syllabus section “Due Dates for Assignments & Exams” for due date information.
GRADING RUBRICS
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The following is the grading rubric for the final Course Project paper.
| Category | Points | % |
| Format: Cover Page, Table of Contents, Introduction | 15 | Approx. 8.6% |
| Project Description | 20 | Approx. 11.4% |
| Project Sizing | 20 | Approx. 11.4% |
| Stakeholder Analysis | 20 | Approx. 11.4% |
| RBS | 20 | Approx. 11.4% |
| Probability-Impact Matrix | 20 | Approx. 11.4% |
| Risk Register | 20 | Approx. 11.4% |
| Summary Risk Report | 20 | Approx. 11.4% |
| Conclusion and Reference page | 20 | Approx. 11.4% |
| Total | 175 | 100% |
BEST PRACTICES
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The following are the best practices in preparing this paper.
- Cover Page—Include who you prepared the paper for, who prepared it, and the date.
- Table of Contents—List the main ideas and sections of your paper and the pages on which they are located.The illustrations should be included separately.
- Introduction—Use a header on your paper to indicate that you are introducing it. An introduction or opening
- introduces the subject and its importance;
- previews the main ideas and the order in which they will be covered; and
- establishes the document’s tone.Include in the introduction a reason for the audience to read the paper. Also include an overview of what you are going to cover in your paper and the importance of the material. This should include or introduce the questions you are asked to answer on each assignment.
- Body of Your Report—Use a header titled with the name of your project. Example: “The Development of Hotel X—A World Class Resort.” Then proceed to break out the main ideas. State the main ideas, state major points in each idea, and provide evidence. Break out each main idea you will use in the body of your paper.Show some type of division, like separate sections that are labeled, separate groups of paragraphs, or headers. You will include the information you found during your research and investigation.
- Summary and Conclusion—Summarizing is similar to paraphrasing; it presents the gist of the material in fewer words than the original. An effective summary identifies the main ideas and major support points from the body of your report. Minor details are left out. Summarize the benefits of the ideas and how they effect the project.
- Work Cited—Use the citation format as specified in the Syllabus.
Following are additional hints on preparing the best possible project.
- Apply a three-step process of writing: Plan, Write, and Complete.
- Prepare an outline of your research paper before you go forward.
- Complete a first draft and then go back to edit, evaluate, and make any required changes.
- Use visual communication to further clarify and support the written part of your report: Example graphs, diagra
DeVry PROJ 420 Week 3 Quiz Latest
(TCO 1) One of the excuses for not doing risk management is that it is just common sense. The answer to that is
proper application of risk management saves time and money.
it is never too late to do risk management.
risk management is an investment in the future.
risk management isn’t common sense to everyone.
risk management is common sense.
Question 2. Question :
(TCO 1) Risk management needs to be designed to
be done during the project design.
be done during the development of the project scope.
be done at times during the project.
be done during the project design and throughout the project.
None of the above
Question 3. Question :
(TCO 1) The basic types of risk are
known unknowns and unknown unknowns.
known and unknown.
uncertain and certain.
positive and negative.
unknown knowns and unknown unknowns.
5
Comments:
Question 4. Question :
(TCO 2) What project document defines the project work?
Work Breakdown Structure (WBS)
Project Scope
Project Templates
Defined Roles
Risk Policies
Question 5. Question :
(TCO 2) An amber risk zone
requires an urgent response.
alerts the PM that the project is falling behind schedule.
requires active monitoring of the risk.
is for risks with low impact.
does not require any management.
Question 6. Question :
(TCO 2) The most important inputs for risk management planning include
Environmental factors, organizational process assets, scope statement, and project management plan.
Scope statement, WBS, and project management plan.
Environmental factors, roles, responsibilities, scope, and WBS.
None of the above
All of the above
Comments:
Question 7. Question :
(TCO 3) Brainstorming should
not allow ideas that are too far out of the box.
discuss the ideas as they are presented.
restrict the ideas to the risk being discussed.
gather ideas first and then discuss them.
let the discussion flow where it wants to go.
Question 8. Question :
(TCO 3) Which of the following is useful in reviewing a project for risks?
Work breakdown structure
Scope statement
Objectives
Impact of the project
All of the above
Question 9. Question :
(TCO 3) The WBS does not address
organizing the work.
the effort and duration of the work.
resources.
scheduling.
the cost of the work.
DeVry PROJ 420 Week 6 Quiz Latest
<fontsize=”3″ style=”box-sizing: border-box; user-select: initial !important;”>(TCO 4) The completion of the Assessment step requires a document produced called the</fontsize=”3″>
risk management plan.
risk register.
RBS.
scope.
None of the above
Question 2. Question :
(TCO 4) The risk register includes
risk owners.
identified risks.
risk responses.
implementation actions.
All of the above
Question 3. Question :
(TCO 4) If a risk impacts more than one objective, its risk score is set using
the objective with the highest impact.
the objective that has the highest probability.
the risk with the most impact.
All of the above
None of the above
Question 4. Question :
(TCO 5) The key word in response planning is
identification.
likelihood.
impact.
appropriateness.
Question 5. Question :
(TCO 5) The main output from the response planning step is
updated WBS.
updated risk register.
updated scope.
updated project plan.
Question 6. Question :
(TCO 5) A red risk zone
requires an urgent response.
alerts the PM that they are falling behind schedule.
requires active monitoring of the risk.
is for risks with low impact.
Question 7. Question :
(TCO 6) Transferring a risk is
moving it out of the project.
moving it to a new risk category.
moving it to another project.
moving it to an outside vendor.
:
Question 8. Question :
(TCO 6.) The tools of quantitative risk analysis include
interviewing.
probability distributions.
expert judgments.
All of the above
Question 9. Question :
(TCO 6) The risk register includes
identified risks.
risk responses.
assumptions analysis.
A and B above
DeVry PROJ 420 Final Exam Latest
<fontsize=”3″ style=”box-sizing: border-box; user-select: initial !important;”>Page 1</fontsize=”3″>
Question 1. 1. (TCO 1) Project risk has its origins in (Points : 5)
opportunities.
threats.
uncertainties.
contingencies.
Question 2. 2. (TCO 2) The identification process produces (Points : 5)
a risk action plan.
an agreed list of risks.
an RBS.
a WBS.
Question 3. 3. (TCO 3) The outputs of the identification step include (Points : 5)
risk consolidation.
recording of risk responses.
identification of all knowable risks.
All of the above
Question 4. 4. (TCO 4) Factors to consider in planning a response strategy include (Points : 5)
resource availability.
manageability.
impact severity.
All of the above
Question 5. 5. (TCO 5) Secondary risk is caused by (Points : 5)
missing identification of a risk.
unknown risks.
taking action on defined risks.
None of the above
Question 6. 6. (TCO 6) The reporting step is designed to fulfill the function of (Points : 5)
completion.
close out.
communication.
analysis.
Question 7. 7. (TCO 7) The primary input to a major review is (Points : 5)
an RBS.
a WBS.
a risk report.
a risk register.
Question 8. 8. (TCO 8) The final risk register will show the final status of the risks as (Points : 5)
expired.
closed.
deleted.
All of the above
Question 9. 9. (TCO 1) Structured project risk management is (Points : 5)
one size fits all.
difficult to use.
scalable.
effective but time consuming.
Question 10. 10. (TCO 2) The WBS can be used to (Points : 5)
define the project effort.
set a baseline.
set the project goals.
All of the above
Question 11. 11. (TCO 3) A standard risk checklist includes (Points : 5)
risks that you have identified.
steps to take to deal with the risks.
risks identified in previous projects.
None of the above
Question 12. 12. (TCO 4) The first document produced at the end of the Assessment step is (Points : 5)
an RBS.
a risk management plan.
a risk register.
a WBS.
Question 13. 13. (TCO 5) The purpose of the implementation plan is (Points : 5)
to perform agreed actions and report on progress.
to identify secondary risks.
to identify new risks.
All of the above
Question 14. 14. (TCO 6) Transferring a risk (Points : 5)
eliminates the risk.
transfers ownership to a third party.
transfers response ownership and impact to a third party.
is used for uncertain risks.
Question 15. 15. (TCO 7) Risk management needs to be an ongoing process throughout the project because the (Points : 5)
scope changes.
risk changes.
resource changes.
budget changes.
Question 16. 16. (TCO 8) The purpose of evaluating the risk responses is to (Points : 5)
critique the action owner.
keep the responses that work.
assess the probability levels.
None of the above
Question 17. 17. (TCO 1) Risk and uncertainty are different because (Points : 5)
they occur at different times.
uncertainty does not involve possible loss of money.
risk is known.
All of the above
Question 18. 18. (TCO 3) The WBS (Points : 5)
identifies the work.
identifies the effort.
identifies the goals.
identifies the stakeholders.
Question 19. 19. (TCO 5) Exploiting an opportunity is (Points : 5)
making sure that it is taken.
sharing the risk with a third party.
increasing the probability and impact of the risk.
None of the above
Question 20. 20. (TCO 2) Issues differ from risks because (Points : 5)
they are not as serious as risks.
they have no impact on the project.
they are more vague than risks.
risks are more dangerous.
Question 1. 1. (TCO 2) Risk identification focuses on two risk categories. They are _____. (Points : 15)
Question 3. 3. (TCO 7) Once an active risk is encountered and the risk register action is taken, what can develop from that action? (Points : 15)
Question 4. 4. (TCO 8) The focus of the post project review is to take advantage of what? (Points : 15)
Question 1. 1. (TCO 1) There are four critical success factors for effective risk management. List them and provide a detailed description of each. (Points : 30)
Question 2. 2. (TCO 2) This is a two-part question. The WBS is considered a critical tool for the project and for risk management. (1) Discuss why it is critical, and what it is not designed to do; and (2) discuss why it is important to identify all of the tasks in building the WBS. (Points : 30)
Question 3. 3. (TCO 5) Risk assessment is done in two steps. Identify the two steps and briefly discuss each.(Points : 30)
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DeVry PROJ 420 Full Course Latest
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