Project Risk and Procurement Management
Project Risk and Procurement Management
Assignment 1
This is an individual assignment worth 50% of the module mark. Word length 3000
words (do not exceed word limit). Do not include References in the word count.
Submission:
Electronically through RKC’s OnlineCampus
Relates to Learning Outcomes:
• Locate, synthesise and critically evaluate recent/current information from a wide
range of published literature in the area of Project Risk and Procurement
Management.
• Apply knowledge of the theory and practice of Project Risk and Procurement
Management to develop insights into and solve current problems.
• Critically evaluate the use of complex models of Project Risk and Procurement
Management; systematically and creatively making sound judgements based
on the systematic analysis and creative synthesis of ideas.
• Critically and effectively assess the value of theories, concepts and models to
the practice of Project Risk and Procurement Management.
Assessment Housekeeping:
You are required to follow the University’s regulations regarding plagiarism and
citing sources and references used. Assignments may not be submitted late.
Marking penalties for late submission will follow the University regulations for PMC
and late submission. Please note that there are changes in the late submission
process this year.
Submission of Assessment:
Please submit an electronic copy of your assessment via RKC’s OnlineCampus.
The electronic copy may be in either Word or PDF, and you should ensure that the
file is machine readable (check it through the TurnitIn Test area from your home
page)
Dr. Kevin Kane
, sem 1 2015
1
Project Risk and Procurement Management
Assignment Brief
The management of risk is proving to be one of the most difficult tasks for the
project management profession. How can risk be managed effectively and who
should be responsible for this task?
You are required to critically analyse the concept of risk; discuss how it can be
measured and ranked and outline how a project risk management strategy may
be constructed for a project of your own conception. In completing this
assignment, you should address how appropriate practices can assist in
minimising risk for your project.
Marking Scheme
Criteria
Use of theory
Examples
Quality of argument
Reference to course ideas
Citation and References
Conclusions
Dr. Kevin Kane
, sem 1 2015
Marks
30
30
10
10
10
10
2
Project Risk and Procurement Management
Criterion /
Mark range
90-100
80-89
70-79
60-69
50-59
40-49
0-39
Overall level
(indicative –
not for
grading)
Scope
Standard comparable to
journal publication
Standard comparable
to conference paper
publication
Distinctive work for Masters
level
Merit work for Masters
level
Acceptable for
Masters
Below Masters
pass standard
Significantly
below Masters
pass standard
Outstanding clarity of
focus, includes what is
important, and excludes
irrelevant issues.
Excellent clarity of focus,
boundaries set with no
significant omissions or
unnecessary issues.
Clear focus. Very good
setting of boundaries,
includes most of what is
relevant.
Clear scope and
focus, with some
omissions or
unnecessary issues.
Scope evident and
satisfactory but with
some omissions and
unnecessary issues.
Outstanding with critical
awareness of relevance
of issues. Outstanding
expression of ideas.
Excellent with critical
awareness of relevance
of issues. Excellent
expression of ideas.
Very good with critical
awareness of relevance of
issues. Outstanding
expression of ideas.
Comprehensive literature
review. Evaluation and
synthesis of source
material to produce an
outstanding contribution.
Excellent independent
secondary research.
Sources are evaluated
and synthesized to
produce an excellent
contribution.
Very good independent
secondary research.
Sources are evaluated and
synthesized to produce a
very good contribution.
Good with some
awareness of
relevance of issues.
Ideas are expressed,
with some limitation.
Good secondary
research to extend
taught materials.
Evidence of
evaluation of sources,
with some deficiencies
in choice and
synthesis.
Basic with limited
awareness of
relevance of issues.
Limited expression of
ideas.
Limited secondary
research to extend
taught materials.
Limited evaluation of
sources, deficiencies
in choice and
synthesis.
Critical
analysis based
on evidence
Standard of critical
analysis – showing
questioning of sources,
understanding of bias,
independence of thought
Excellent standard of
critical analysis –
excellence in
questioning of sources,
understanding of bias,
independence of
thought
A very good standard of
critical analysis. Sources
are questioned
appropriately, and a very
good understanding of
bias, showing
independence of thought
Critical analysis with
some questioning of
sources,
understanding of bias,
independence of
thought.
Analysis evident but
uncritical. Sources are
not always
questioned, with
limited independence
of thought.
Little or no
analysis.
No valid
analysis.
Structure of
argument,
leading to
conclusion
Well structured,
compelling and
persuasive argument that
leads to a valuable
contribution to the field of
study, paving the way for
future work.
Argument has excellent
structure and
persuasiveness, leading
to very significant insights
and relevant future
work.
Well-structured and
persuasive argument
Insightful conclusion draws
together key issues and
possible future work.
Structured and fairly
convincing argument
leads to conclusion
that summarises key
issues.
Argument has some
structure and
development towards
conclusion with
limitations in summary
of issues.
Argument is
unstructured, no
recognizable
conclusion.
No evidence of
argument or
conclusion.
Understanding
of subject
matter
Literature
Dr. Kevin Kane
, sem 1 2015
Poorly scoped,
with significant
omissions and
unnecessary
issues.
Poor with little
awareness of
relevance of
issues
Little or no
extension of
taught materials.
Poor choice and
synthesis of
materials.
Little or no
scope or focus
evident.
Little or no
understanding
of subject
matter is
demonstrated.
Poor use of
taught
materials. No
synthesis.
3
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