Category: Risk Management

Pratice T–e-s-t Time: 21/08/2023 5:00 – 6:00 pm (Adelaide Time)
Duration :
Question structure:
The examination will consist of short answer conceptual questions and practical exercises/problem questions. The questions will be comparable to those covered in class; therefore, the best form of revision will be to work through lecture and tutorial questions, exercises and problems.
Topic covered: Similar to that screenshot attached

1. Evaluate your project management options in terms of schedule, performance, and cost for the following scenario.
2. Support your evaluation.
****An office building construction project in the southern Virginia area is 80 percent complete when a major hurricane strikes. Progress on the worksite stops for 10 days while damage is assessed and repairs are completed. The project has a fixed budget and a completion date that cannot be moved.
3. Use no more than three sources and the textbook chapters must be used as source. Please only cite the sources no more than three times as this is only two pages. Please only use academic sources that are current within two years.
****textbook chapters and source information will be uploaded****

For this assignment, submit your initial post addressing the topics below. Your follow-up posts can add additional insight to a classmate’s opinions or can challenge their opinions. Use examples from the readings, or from your own research, to support your views, as appropriate.
Questions:
(1)Research the different types of VPNs and other relevant remote access applications
(2)Discuss what they are and some common techniques used to try and subvert their security.

Assignment Overview:
Analysing and assessing potential situations that can harm a hospitality organization in a complex and rapidly evolving business environment.
Overall aim:
To ensure business can return to normal as fast as possible, as well as protecting our assets and investments.

In this assignment, you will create a risk management plan. You have a budget of $100,000 and a timeline of six months for the plan. Please refer to the Risk Management Plan Template (Figure A-1 in Practical Project Risk Management) to create the plan. *****uploaded*****
Write an 8 page paper in which you:
1. Prepare the scope and objectives of the Risk Management Process section of the Risk Management Plan, based on the facts presented in the case study. ***uploaded as Week 6 Case Study****
2. Determine the project size, based on the facts presented in the case study, and provide justification based on the Example Project Sizing Tool (Figure 3-4 in Practical Project Risk Management). ****uploaded*****
3. Select the risk tools and techniques, and complete the Risk Tools and Techniques section of the Risk Management Plan for both the qualitative and quantitative aspects of the project.
a. Provide a rationale for the selections.
4. Develop the Risk Reviews and Reporting section of the Risk Management Plan, based on the project size previously determined.
5. Define the Probability and Impacts section of the Risk Management Plan, and justify the values assigned.
Define the Risk Thresholds section of the Risk Management Plan, and justify the values assigned.
6. Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources. No more than 5 sources will be used. All sources need to be academic and current within 2 years.

1. Review the Monte Carlo Analysis method presented in Chapter 15 in Practical Project Risk Management. ****uploaded****
2. Then, determine whether you would recommend to a project manager the use of this methodology for a large, complex project. Include an example to support your response. If you would not recommend the use of a method such as Monte Carlo, explain what you would recommend as an alternative tool that would allow the project manager to make informed decisions. Provide a rationale for your recommendation.
Textbook chapters are uploaded. Please only use the textbook and one other source and only cite 2 times as this is only two pages.
Please only use academic sources that are current within 2 years.
Source information for the textbook is as follows:
Project Management Institute. Practice Standard for Project Risk Management. Project Management Institute, 2009. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=579204&site=eds-live&scope=site.

Read the case study and Identify potential risks for a small to medium size hospitality business like Chalet Matsuzaka (read in Moodle) and answer the following questions:
What were some challenges and initial risks faced by Faye and Mike when opening their business?
What are the potential risks for a business like Chalet Matsuzaka?
What can be done to understand, analyse, mitigate and respond to these risks?

1. Using the information presented in Practical Project Risk Management in Figure 6-3, “Common Influences on Risk Perception,” determine the conscious factors, subconscious factors, and affective factors for this project.
2. Examine how awareness of such factors influences the decision to hire outside vendors.
3. In addition, analyze how the stated factors help improve the overall facilitation and effectiveness of the risk management.
Please use the textbook as the only reference and do not cite the source more than three times as this is only 2 pages. All materials are uploaded.

The company case study is provided/uploaded titled “BUS519 Case Study”. please use that case study for this paper.
1. Analyze how the critical success factors (CSFs) apply to the facts of the case study. Provide examples to support your analysis.
2. Determine the project benefits, organizational readiness, and risk culture of the company in the case study. Provide justification for your response.
3. Develop at least three project risk recommendations based on your analysis.
4. Identify the initial categories of risk (RBS Levels 1 and 2) that you see as being present in the case study using the Example Risk Checklist (Figure A-2, in Practical Project Risk Management). ***uploaded**
5. Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.

1. Imagine you are considering opening a business.
2. Share the type of business you would open. ***The business is a 24 hour childcare center***
3. Then, create a list of the five most significant risks that you must address prior to making your decision regarding the viability of your venture.
4. Justify the risks.
Please use no more than 3 sources that are academic and current within 2 years. Please see textbook chapters uploaded for topic content.