Assignment 1: Circored Project, week 3, business & finance homework help

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irrqhovr

Business Finance

Bus377

Strayer University

Description

Assignment 1: Circored Project

Due Week 3 and worth 125 points

Review your readings on the Circored Project first introduced in Week 2. These will help you complete this assignment.

Write a three to four (3-4) page paper in which you:

  1. Summarize the key points of the project.
  2. Determine how the risks were managed.
  3. Recommend and discuss at least three (3) lessons learned for a project manager to know for future projects.
  4. Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

  • 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.

The specific course learning outcomes associated with this assignment are:

  • Analyze the project risk identification and assessment processes.
  • Examine the various types of project risks.
  • Use technology and information resources to research issues in managing project risk.
  • Write clearly and concisely about managing project risk using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using this rubric.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

It has been great working with you right from the start to the end. I wish you all the best in your academics.

Running head: THE CIRCORED PROJECT

The Circored Project
Student Name
Reg. No
Instructor
Submission Date

1

THE CIRCORED PROJECT

2

The Circored Project Key Points
The Germany Lurgi Metallurgy Gmbh and the Cleveland-Cliffs were the two companies
that created the Circored project. These two big names in the United States came together to
produce pure iron. The process involved the conversion of the iron ore into hot briquette iron by
cutting down the proportion of iron ore in the heated and pressurized hydrogen gas. This was to
be a cost efficient process. Cleveland-Cliff has all the experience needed in the mining industry.
The company wanted to enter a new segment of the market. Lurgi, on the other hand, was
experienced in working with circulating fluid bed processes (AMIT, 2012).
After the estimation of risks, capital required and time needed, in 1996, the construction
began. By May 1999 the project started with everything going as expected. However, issues
started almost at the same time seemingly one after the other. The terrible part of the process was
that the risks that occurred wer...


Anonymous
Excellent resource! Really helped me get the gist of things.

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