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Risk for Project

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American Property Development Corporation (APDC) a designer and developer of outdoor shopping malls and small office complexes has decided to standardize their project management practices and processes across the national organization. The goal is to standardize on one single project scheduling tool, and have the tool installed and to be operational within 90 days. To this end they are forming a central Project Management Office (PMO). Until now, project managers (there are 40 presently on staff distributed all over the USA and Canada) have been able to use whatever scheduling tool they liked, within their budget constraints. They have also been able to buy equipment and engage contractors at will. The PMO will be determining one scheduling tool that all PMs will be expected to use, exclusive of any other scheduling tools. The PMO will also develop and implement a standardized procurement process. Since the PMs are located across the USA and Canada, a web-based solution seems likely to be the most successful tool.

Solution:

Create a Risk Template without risk responses by listing those risks that you think are appropriate for APDC. You may need to make assumptions about the project. Just be sure to document them in the description of the risk. Consider both project and product risks. Consider external as well as internal risks. Consider risks to the project budget, its schedule, its resources and the product's quality. Categorize and quantify them.

Create a Weighted Scorecard list of functional requirements for a scheduling tool you need to purchase for APDC. Place each of your requirement statements, one per row, in the Requirements column. Decide what weight you want to give to each requirement and place it in the Weight column. Document any assumptions you make in footnotes. When you are finished, the score and weighted score columns should not be blank.

Use the examples attached, or a temple which is similar.

Provide reasoning for selections and assumption in a word document.

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