CPMGT/302

PROCUREMENT AND RISK MANAGEMENT

The Latest Version A+ Study Guide

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CPMGT 302 Entire Course Link

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CPMGT 302 Week 1 Risk Identification Worksheet and Paper

Resource: Risk Identification Scenarios Worksheet

Complete the University of Phoenix Material: Risk Identification Scenarios worksheet.

Write a 1,050- to 1,750-word paper in which you select one scenario from the University of Phoenix Material: Risk Identification Scenarios.

Define the risk management process.

Explain the role of risk management in the project planning process.

Describe at least two risks and their sources for the selected scenario.

Outline how risk management may mitigate the risks for each risk listed.

Explain how you would document the risk.

Format your paper consistent with APA guidelines.

Submit the completed University of Phoenix Material: Risk Identification Scenarios Worksheet and paper to the Assignment Files tab.

CPMGT 302 Week 2 Performing Risk Analysis

Discuss a real-world project management example with your Learning Team, and determine when you would use one or more of the quantitative or qualitative risk analysis techniques.

Answer the following questions in a 700- to 1,050-word response:

• What quantitative risk analysis techniques did you learn about in the course, and what are the pros and cons of this technique?
• What qualitative risk analysis techniques did you learn about in the course, and what are the pros and cons of this technique?
• Why did you select this specific risk analysis technique for the real-world project management example?
• What specific conditions would need to change in order to consider alternative risk analysis techniques?

Click the Assignment Files tab to submit your assignment.

CPMGT 302 Week 2 Risk Management Breakdown Structure Paper

Select an organization you are familiar with as the basis of the paper.

Risk involves uncertainty, the lack of knowledge of future events, and the measures of profitability and consequences of not achieving the project goal. Your organization has decided that to be successful in the global economy it must expand its supply base into China or another country approved by your instructor. This has become a strategic project for the organization.

Write a 1,400- to 1,750-word paper in which you address the following risk management items for this supplier global expansion project:

• Describe the objectives and goals, tools and techniques, and organizational roles and responsibilities for effective risk management for the project.
• Describe various information sources that may be used by the project team for risk identification.
• Identify and describe the risk management documentation that will be required for the project. Examples include RMP and risk management log or register.
• Explain the role of risk management in the project planning process.

Create a risk breakdown structure that outlines the organization’s risk categories.

Consider the following categories:

• Project risks
• Business
• Contract relationships with customers and suppliers
• Management
• Political
• Organizational risks
• Project management risks
• Cost estimates
• Schedule estimates
• Communication
• Technical risks
• Production risks
• Manufacturing concerns
• Logistics
• Support risks
• Maintainability
• Warranty
• External risks
• Procurement
• Material availability
• Lead times
• Quality
• Market

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your paper and risk breakdown structure.

CPMGT 302 Week 3 Procurement Planning Paper

Write a 1,050- to 1,400-word paper in which you do the following:

• Describe the project procurement planning process.
• Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable.
• Explain the various contract types and describe who–buyer or seller–has the most risk for each contract type.
• Explain methods that can be used to mitigate the risks for each contract type.
• Develop a project monitoring process to track procurement orders for the project.
• Describe a source selection criterion that would be applicable to any project.
• Analyze the ethical concerns that should be considered when identifying source selection criteria.
• Explain the role of risk management in the procurement planning process.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

CPMGT 302 Week 4 Procurement Contracting Process Analysis Paper

Will Fence owns a 70-acre large timber and Christmas tree farm. The Christmas farm gets busy in August and September when Will identifies and flags the trees suitable for Christmas season. Starting in October, the flagged trees will be cut, baled, and trucked to the storage yard where they will stay until shipped. The storage yard is situated in an area that offers shade and protection from the wind to maintain the freshness of the tree. The trees are stacked with the tops locked together to keep the sun and wind away from them.

Will has just purchased an additional 40 acres and will need to expand his storage yard by 40,000 square feet. The budget for this expansion is $55,000. Will has hired your team to design a process to contract resources to expand the storage yard.

Cover the following as requested by Will:

• Description of the contract resource procurement process (from start to closure).
• Explanation of how the contract resources procurement process that was described will assist Will in negotiating the best purchase.
• Explanation to Will why the team believes the process is efficient and achieves the results desired.
• Identification of any risks associated with procuring these resources and explanation of the role of risk management in this process.
• Explanation of how the process may be improved upon.
• Other recommendations the team may have for Will to consider.

Communicate the necessary information to Will in any way you see fit as a team, whether that be a Business Report, a written paper, a visual presentation, a video, etc.

Click the Assignment Files tab to submit your assignment.

CPMGT 302 Week 5 Procurement and Risk Management

Review all course content and your assignments individually.

Discuss what you have learned in this course with your Learning Team.

Submit a 350- to 700-word Learning Team response to the following:

• What risk management and procurement tools and techniques have you used prior to taking this course?
• Describe the real-world project management examples of when you would use one or more of the tools and techniques.
• Identify two new tools and techniques that were learned in this course.
• Explain how you would apply these two new tools and techniques to a real-world project management situation.

Click the Assignment Files tab to submit your assignment.

CPMGT 302 Week 5 Contracting Process Paper

Write a 1,400- to 1,750-word paper in which you explain the process for conducting and closing procurements.

Include the following:

• Outline and explain high-level process steps for conducting project procurements.
• Outline and explain contract administration policies and procedures.
• Describe tools and techniques for the contract administration process, including the following:

• • Contract change control process
  • Procurement performance reviews
  • Inspections and audits
  • Performance reporting
  • Payment process (n/30, n/60, and so forth)
  • Records management system (RMS)

• Describe conflict resolution techniques used while managing contractual relationships.
• Outline steps to be taken to close out project procurements.
• Explain the importance of closing project procurements and accounts.
• Examine external influences on the procurement and risk management process.
• Analyze the relationship between the risk response plan and the external influences.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.