PJM 410 Colorado State University Risk Management Planning Process Outline
I have attached the below in a Word DOX. as the formating can be lost Critical Thinking Assignment (70 Points)Important! Read FirstChoose one of the following two assignments to complete this week. Do
not do both assignments. Identify your assignment choice in the title
of your submission.Option #1: Silver Fiddle Construction Case Study
You are the president of Silver Fiddle Construction (SFC), which
specializes in building high-quality, customized homes in the Grand
Junction, Colorado, area. You have just been hired by the Czopeks to
build their dream home. You operate as a general contractor and employ
only a part-time bookkeeper. You subcontract work to local trade
professionals. Housing construction in Grand Junction is booming, and
you are tentatively scheduled to complete 11 houses this year. You have
promised the Czopeks that the final costs will range from $450,000 to
$500,000, and that it will take five months to complete the house once
groundbreaking has begun. The Czopeks are willing to have the project
delayed in order to save costs.You have just finished a preliminary scope statement for the project
(see below). You are now brainstorming potential risks associated with
the project.1. Identify potential risks associated with this project. Try to come up with at least five different risks.2. Use a risk assessment form similar to the example in Figure 1 below to analyze identified risks.3.
Develop a risk response matrix similar to the example in Figure 2 below
to outline how you would deal with each of these risks.PROJECT SCOPE STATEMENTPROJECT OBJECTIVEConstruct a high-quality, custom home within five months at a cost not to exceed $500,000.DELIVERABLESA 2,500-square-foot, 2½-bath, 3-bedroom, finished homeA finished garage, insulated and sheet-rockedKitchen appliances to include range, oven, microwave, and dishwasherHigh-efficiency gas furnace with programmable thermostatMILESTONESPermits approved July 5Foundation poured July 12“Dry in” (including framing, sheathing, plumbing, electrical, and mechanical inspections) passed September 25Final inspection November 7TECHNICAL REQUIREMENTSHome must meet local building codes.All windows and doors must pass NFRC class 40 energy ratings.Exterior wall insulation must meet an “R” factor of 21.Ceiling insulation must meet an “R” factor of 38.Floor insulation must meet an “R” factor of 25.Garage will accommodate two cars and one 28-foot-long Winnebago.Structure must pass seismic stability codes.LIMITS AND EXCLUSIONSThe home will be built to the specifications and design of the original blueprints provided by the customer.Owner is responsible for landscaping.Refrigerator is not included among kitchen appliances.Air conditioning is not included, but the house is prewired for it.SFC reserves the right to contract out services.CUSTOMER REVIEW“Bolo” and Izabella CzopekFigure 1:
Risk Event
Likelihood
Impact
Detection Difficulty
When
Interface problems
4
4
4
Conversion
System freezing
2
5
5
Start-up
User backlash
4
3
3
Post-installation
Hardware malfunctioning
1
5
5
Installation
(Source: Larson & Gray, 2017, Figure 7.6, p. 212)Figure 2:
Risk Event
Response
Contingency Plan
Trigger
Who Is Responsible
Interface problems
Mitigate: Test prototype
Work around until help comes
Not solved within 24 hours
Nils
System freezing
Mitigate: Test prototype
Reinstall OS
Still frozen after one hour
Emmylou
User backlash
Mitigate: Prototype demonstration
Increase staff support
Call from top management
Eddie
Equipment malfunctions
Mitigate: Select reliable vendor Transfer: Warranty
Order replacement
Equipment fails
Jim
(Source: Larson & Gray, 2017, Figure 7.8, p. 217)Be sure to properly organize your writing and include a cover page,
an introduction, headings / subheadings for the body of your work,
analysis and recommendations, a conclusion, an appendix, and a list of
references. Consult this assignment template for a more complete list of
requirements: http://csuglobal.libguides.com/ld.php?content_id=21534702 (Links to an external site.).Your paper should be 3-4 pages (900-1200 words) in length (not including the title and references pages) and conform to the CSU-Global Guide to Writing & APA (Links to an external site.).
Include at least three scholarly references in addition to the course
textbook. The CSU-Global Library is a good place to find these
references.Refer to the Critical Thinking Assignment grading rubric below for more information on assignment expectations and grading.ReferenceLarson, E. W. & Gray, C. F. (2018). Case Study 7.2. In Project management the managerial process (5th ed., pp. 255-256). New York, NY: McGraw-Hill Education.Option #2: Peak LAN Case Study
Trans Systems is a small information system consulting firm located
in Meridian, Louisiana. Trans has just been hired to design and install a
Local Area Network (LAN) for the city of Meridian’s social welfare
agency. You are the manager for the project, which includes one Trans
professional and two interns from a local university. You have just
finished a preliminary scope statement for the project (see below). You
are now brainstorming potential risks associated with the project.Identify potential risks associated with this project. Try to come up with at least five different risks.Use a risk assessment form similar to the example in Figure 1 below to analyze identified risks.Develop a risk response matrix similar to the example in Figure 2 below to outline how you would deal with each of the risks.PROJECT SCOPE STATEMENTPROJECT OBJECTIVEDesign and install a new Local Area Network (LAN) for the Meridian
Social Service Agency within one month, with a budget not to exceed
$90,000 and with minimum disruption to ongoing operations.DELIVERABLESTwenty workstations and twenty laptop computersServer with dual-core processorsTwo color laser printersWindows R2 server and workstation operating system (Windows 10)Migration of existing databases and programs to new systemFour hours of introductory training for client’s personnelSixteen hours of training for client network administratorFully operational LAN systemMILESTONESHardware January 22Setting users’ priority and authorization January 26In-house whole network test completed February 1Client site test completed February 2Training completed February 16TECHNICAL REQUIREMENTSWorkstations with 17-inch flat panel monitors, dual-core processors,
4 GB RAM, 8X DVD+RW, wireless card, Ethernet card, and 500 GB hard
drive.Laptops with 12-inch display monitor, dual-core processors, 2GB
RAM, 8X DVD+RW, wireless card, Ethernet card, 500 GB hard drive, and
weighing less than 4½ lbs.Wireless network interface cards and Ethernet connections.System must support Windows 11 platforms.System must provide secure external access for field workers.LIMITS AND EXCLUSIONSOnsite work to be done after 8:00 p.m. and before 7:00 a.m. Monday through Saturday.System maintenance and repair only up to one month after final inspection.Warranties transferred to client.Only responsible for installing software designated by the client two weeks before the start of the project.Client will be billed for additional training beyond that prescribed in the contract.CUSTOMER REVIEWDirector of the City of Meridian’s Social Service AgencyFigure 1:
Risk Event
Likelihood
Impact
Detection Difficulty
When
Interface problems
4
4
4
Conversion
System freezing
2
5
5
Start-up
User backlash
4
3
3
Post-installation
Hardware malfunctioning
1
5
5
Installation
(Source: Larson & Gray, 2017, Figure 7.6, p. 212)Figure 2:
Risk Event
Response
Contingency Plan
Trigger
Who Is Responsible
Interface problems
Mitigate: Test prototype
Work around until help comes
Not solved within 24 hours
Nils
System freezing
Mitigate: Test prototype
Reinstall OS
Still frozen after one hour
Emmylou
User backlash
Mitigate: Prototype demonstration
Increase staff support
Call from top management
Eddie
Equipment malfunctions
Mitigate: Select reliable vendor Transfer: Warranty
Order replacement
Equipment fails
Jim
(Source: Larson & Gray, 2017, Figure 7.8, p. 217)Be sure to properly organize your writing and include a cover page,
an introduction, headings / subheadings for the body of your work,
analysis and recommendations, a conclusion, an appendix, and a list of
references. Consult this assignment template for a more complete list of
requirements: http://csuglobal.libguides.com/ld.php?content_id=21534702 (Links to an external site.).Your paper should be 3-4 pages (900-1200 words) in length (not including the title and references pages) and conform to the CSU-Global Guide to Writing & APA (Links to an external site.).
Include at least three scholarly references in addition to the course
textbook. The CSU-Global Library is a good place to find these
references.Refer to the Critical Thinking Assignment grading rubric below for more information on assignment expectations and grading.ReferenceLarson, E. W. & Gray, C. F. (2018). Case Study 7.3. In Project management the managerial process (5th ed., pp. 256-257). New York, NY: McGraw-Hill Education.Rubric
PJM410 Mod 3 CT
PJM410 Mod 3 CT
Criteria
Ratings
Pts
This criterion is linked to a Learning Outcome
Requirements
10.0
to >8.0 pts
Meets Expectation
Includes all of the required components, as specified in the assignment.
8.0
to >6.0 pts
Approaches Expectation
Includes most of the required components, as specified in the assignment.
6.0
to >4.0 pts
Below Expectation
Includes some of the required components, as specified in the assignment.
4.0
to >0 pts
Limited Evidence
Includes few of the required components, as specified in the assignment.
10.0 pts
This criterion is linked to a Learning Outcome
Content
15.0
to >12.0 pts
Meets Expectation
Demonstrates strong or adequate knowledge of risk assessment; correctly represents knowledge from the readings and sources.
12.0
to >9.0 pts
Approaches Expectation
Some significant, but not major, errors or omissions in demonstrating knowledge of risk assessment.
9.0
to >6.0 pts
Below Expectation
Major errors or omissions in demonstrating knowledge of risk assessment.
6.0
to >0 pts
Limited Evidence
Fails to demonstrate knowledge of the materials.
15.0 pts
This criterion is linked to a Learning Outcome
Critical Analysis
20.0
to >16.0 pts
Meets Expectation
Demonstrates strong critical analysis in creating a risk assessment form and risk response matrix.
16.0
to >12.0 pts
Approaches Expectation
Some
significant, but not major, errors or omissions in analysis and
interpretation in creating a risk assessment form and risk response
matrix.
12.0
to >8.0 pts
Below Expectation
Major errors or omissions in analysis and interpretation in creating a risk assessment form and risk response matrix.
8.0
to >0 pts
Limited Evidence
Fails to provide critical analysis and interpretation of the information given.
20.0 pts
This criterion is linked to a Learning Outcome
Sources/Examples
5.0
to >4.0 pts
Meets Expectation
Sources
or examples meet required criteria and are well chosen to provide
substance and perspectives on the issue under examination.
4.0
to >3.0 pts
Approaches Expectation
Sources
or examples meet required criteria, but are less than adequately chosen
to provide substance and perspectives on the issue under examination.
3.0
to >2.0 pts
Below Expectation
Sources
or examples meet required criteria, but are poorly chosen to provide
substance and perspectives on the issue under examination.
2.0
to >0 pts
Limited Evidence
Source or example selection and integration of knowledge from the course are clearly deficient.
5.0 pts
This criterion is linked to a Learning Outcome
Demonstrates College-level Proficiency in Organization, Grammar, and Style
10.0
to >8.0 pts
Meets Expectation
Project
is clearly organized, well written, and in proper format as outlined in
the assignment. Strong sentence and paragraph structure; few errors in
grammar and spelling.
8.0
to >6.0 pts
Approaches Expectation
Project
is fairly well organized and written, and is in proper format as
outlined in the assignment. Reasonably good sentence and paragraph
structure; significant number of errors in grammar and spelling.
6.0
to >4.0 pts
Below Expectation
Project
is poorly organized; does not follow proper format. Inconsistent to
inadequate sentence and paragraph development; numerous errors in
grammar and spelling.
4.0
to >0 pts
Limited Evidence
Project
is not well organized or written and is not in proper format. Poor
quality work; unacceptable in terms of grammar and spelling.
10.0 pts
This criterion is linked to a Learning Outcome
Demonstrates Proper Use of APA Style
10.0
to >8.0 pts
Meets Expectation
Project
contains proper APA formatting, according to the CSU-Global Guide to
Writing & APA, with no more than one significant error.
8.0
to >6.0 pts
Approaches Expectation
Few
errors in APA formatting, according to the CSU-Global Guide to Writing
& APA, with no more than two to three significant errors.
6.0
to >4.0 pts
Below Expectation
Significant
errors in APA formatting, according to the CSU-Global Guide to Writing
& APA, with four to five significant errors.
4.0
to >0 pts
Limited Evidence
Numerous
errors in APA formatting, according to the CSU-Global Guide to Writing
& APA, with more than five significant errors.
10.0 pts
Total Points:
70.0