Project Risk Management     

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 part of your essay 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 one of the phases 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. Briefly 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. Your explanation for your choice of phase should expand the earlier Part 1 demonstration of your overall understanding of what the module is about. 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

Answer either option (a) or option (b) below, beginning by briefly explaining your choice.

(a)    For a phase of the PUMP approach not addressed in Part 2, 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.

(b)   Formulate and then answer a question which you believe demonstrates your overall understanding of what this module is about better than option (a) above.

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