BSB51415 Diploma of Project Management
Manage project risk
Task 1 – Knowledge Questions
|Purpose of this Assessment task|
|The purpose of this assessment is to test your knowledge in managing project risk as required by the unit BSBPMG517 Manage project risk. Your trainer/assessor will be assessing your work and provide you with constructive feedback on Canvas. This task will assess your knowledge in: Identifying project risks Analysing project risks Establishing risk treatment and controls Monitoring and controlling project risks Assessing risk management outcomes. |
By successfully completing this assessment you will demonstrate that you have comprehensive knowledge and understanding required to manage project risk in an organisation.
Structure of this assessment
There are 6 questions in this assessment. They are different in their designs and requirements. Some can be answered in dotted points, some need short answers, while others may require a little bit of description. Your responses or answers to the questions must be precise and clear. This means you must understand the questions correctly before you attempt to answer them. You must answer all questions by yourself unassisted by another person. But you may refer to the needed reference material if you need to. Your trainer/assessor will set a date and time to submit your response to this assessment and you must submit by that date and time.
Resource to undertake this assessment Before undertaking this assessment, you should have studied relevant learning resources and workplace documents provided on Canvas and by your trainer/assessor. You should have a good understanding of the applicable legislations such as relating to privacy and confidentiality, antidiscrimination etc. You will also require pen and paper and access to computer with internet to do this assessment.
What specific WHS requirements may be involved? This assessment will require you to be aware of the standard Workplace Health and Safety requirements e.g. Workplace Health and Safety Act and Workplace Health and Safety Legislation Your trainer/assessor will advise you on these and other legislative requirements.
Reasonable adjustment If you have any literacy and numeracy issue/s in undertaking this assessment talk to your trainer/assessor, they should be able to help. Also, please talk to your trainer/assessor if you have any difficulty in understanding this assessment or if you have any special needs.
How to do this assessment? 1. Read the given questions couple of times to fully understand what is expected from you. 2. Answer all parts of the question completely and correctly 3. Write your answers eligibly in blue or black pen or word process your answers 4. Use the provided template to answer. 5. Once you complete your answers carefully read them and check for their completeness and accuracy 6. Keep a copy of your completed work to make-up for any unforeseen loss or damage 7. If you use additional paper to answer put your name and student ID in it. 8. Note that this assessment requires you to undertake some web research. Your trainer/assessor will provide you a list of relevant websites and digital materials you must read through.
Getting Started It is anticipated that the assessment will take approximately 3 hoursto complete. The assessment may be re-attempted on two further occasions (maximum three attempts in total). All assessments must be resubmitted 3 days within receiving your unsatisfactory grade. You must clearly indicate “Re-submission” on your resubmitted work.
|Objective||To test the required knowledge in managing project risk.|
|Assessment Cover Sheet|
|Candidate name:|| |
|Candidate declaration:||I declare that: I have read and understood all the information provided in relation to the assessment requirements to complete this unit, the instructions and the purpose and processes of undertaking this assessment task This assessment is my own work and where other’s works or ideas have been borrowed, I have appropriately referenced or acknowledged them I understand that plagiarism is a serious offence that may lead to disciplinary action.|
Task 1: Knowledge Questions
|Question 1||You have been assigned to a project risk team comprising five members. Because this is the first time your organisation has formally set up a risk team for a project, it is hoped that your team will develop a process that can be used on all future projects. |
Your first team meeting is next Monday morning. Each team member has been asked to prepare for the meeting by developing an outline that describes how you believe the team should proceed in handling project risks. Each team member will hand out their proposed outline at the beginning of the meeting.
Your outline should include the following information: Team objectives, activities and outputs Identification and analysis of potential risks associated with this project (Try to come up with at least five different risks) Components of the risk management plan Indicate why industry sector risk classifications are important Clarify the parallels between a standard such as ISO31000:2018 and your risk management plan Outline various risk management techniques, tools, processes and procedures to enable effective management and communication of risk events, responses and results.