RISK MANAGEMENT

Start to make notes for your assessment essay from the outset, addressing all three parts, with an initial focus on part 1. Additional reading, using references provided in the text book in a selective manner, should be used to support the understanding developed by the lectures, the case studies, and reading the text book.

Part 1 40% of the total marks 1200 words maximum

Explain concisely in your own words what you believe are the key overall features of a PUMP approach to project risk management in the execution and delivery strategy shaping stage of a project’s lifecycle. Compare these features with the PMI PIMBOK approach or any other form of common practice you are familiar with if you find this helpful, but focus on the PUMP approach. Use examples to illustrate your discussion if you wish, but concentrate on concepts and principles. This will be a largely descriptive summary of your interpretation of the lectures and associated reading. It will demonstrate your grasp of the central core of the unit’s material as a whole, and should be approached with a view to demonstrating this understanding.

Part 2 30% of the total marks 900 words maximum

For the identify phase or the focus phase of the PUMP approach, in the execution and delivery strategy shaping stage of a project’s lifecycle, explain concisely in your own words what you believe are the key features of a PUMP approach, comparing these features with the PMI PIMBOK approach or any other form of common practice you are familiar with. Explain why you chose the phase selected. Your discussion should demonstrate your ability to understand a particular area of the course material in depth, based on selective reading, critical analysis and the case study exercise. Use examples to illustrate your discussion if you wish, making use of the Samdo or Transcon case studies if you wish, but concentrate on concepts and principles. Build on your Part 1 answer, avoiding repetition of earlier discussion.

Part 3 30% of the total marks 900 words maximum

For the evaluate phase of the PUMP approach, in the execution and delivery strategy shaping stage of a project’s lifecycle, explain concisely in your own words what you believe are the key features of a PUMP approach, comparing these features with the PMI PIMBOK approach or any other form of common practice you are familiar with. Your discussion should demonstrate your ability to understand a particular area of the course material in depth, based on selective reading, critical analysis and the case study exercise. Use examples to illustrate your discussion if you wish, and make use of the Samdo or Transcon case studies if you wish, but concentrate on concepts and principles. Build on your Parts 1 and 2 answers, avoiding repetition.
Purpose of the assessment essay
One obvious purpose is to provide a basis for assessing your performance in terms of achieving the desired learning outcomes. The particular form of assessment being used is also intended to encourage an effective approach to becoming familiar with the material the unit covers in a critical manner. You may find it useful to imagine you are trying to explain to yourself or someone else what the key learning points were in relation to your attendance at lectures, reading, and critically assessing both, viewing the essay as a framework for consolidating your thinking. You may use a case study context or other examples to illustrate points if you wish, but concentrate on key generic issues and avoid discussing the details of a particular example or case study.
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