...Assessment Tasks Assessor Guide BSBRSK501A: Manage risk Copyright ownership: United Business Services (Aust) Pty Ltd. This book is copyright protected under the Berne Convention. All rights reserved. No reproduction without permission. This book is protected by copyright and may not be reproduced or copied either in part or in whole nor used for financial gain without the express approval in writing of the owner (United Business Services (Aust) Pty Ltd) of the copyright. United Business Services (Aust) Pty Ltd 50 Cupania Street Algester Qld 4115 Ph: (07) 3276 0549 Email: info@ubsconsultants.com.au Web: www.ubsconsultants.com.au BSBRSK501A: Manage risk Assessment Tasks: Assessor Guide Assessment Documentation This Assessor Guide is designed to provide standardised documentation and assessment procedure for the assessment processes conducted by this RTO. The assessment tools that are used by you (the assessor) will result in evidence being generated by the student targeting this unit of competency. The evidence is kept by the RTO and is required for audit purposes. The following table summarises the types of evidence students can generate as proof of competence. The table contains information based on the AQF (Australian Qualifications Framework) Level for the unit BSBRSK501A: Manage risk. Sample assessment tools have been suggested as a means of assisting students in generating the appropriate form of evidence for this unit. AQF Level Distinguishing Features (Source: AQF...
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...QUIZ 3 CHAPTER 3 * Question 1 0.5 out of 0.5 points | | | ____ is open-source software that is supported by a community of users and developers. | | | | | Selected Answer: | GanttProject | Answers: | GanttProject | | Microsoft Project Standard | | Microsoft Project Professional | | Both b and c | | | | | * Question 2 0 out of 0.5 points | | | For a project manager, monitoring _____. | | | | | Selected Answer: | includes identifying and arranging project tasks and estimating completion times and costs | Answers: | requires guiding, supervising, and coordinating the project team’s workload | | involves controlling capital | | consists of staffing, which includes selecting the project team and assigning specific tasks to team members | | includes identifying and arranging project tasks and estimating completion times and costs | | | | | * Question 3 0.5 out of 0.5 points | | | When maintaining schedules, if enough ____ and frequent checkpoints exist, problems will be detected rapidly. | | | | | Selected Answer: | milestones | Answers: | success indices | | critical paths | | milestones | | all of the above | | | | | * Question 4 0.5 out of 0.5 points | | | The Apptivo ____ is free of charge with unlimited duration. | | | | | Selected Answer: | Standard Plan | Answers: | Full Plan | | Enhanced Plan | | Expanded Plan | | Standard Plan | |...
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...Question 1 0 out of 1 points ____ refers to the combination of hardware, software, and services that people use to manage, communicate, and share information. Selected Answer: [None Given] Answers: a. Information technology b. Computer systems c. Computer technology d. Information systems Question 2 0 out of 1 points ____ software controls the flow of data, provides data security, and manages network operations. Selected Answer: [None Given] Answers: a. Legacy b. Enterprise c. System d. Applicatio n Question 3 0 out of 1 points Examples of company-wide applications, called ____, include order processing systems, payroll systems, and company communications networks. Selected Answer: [None Given] Answers: a. operating applications b. legacy systems c. network operating systems (NOS) d. enterprise applications Question 4 0 out of 1 points Over 40 years ago, a concept called Moore's Law accurately predicted that computer processing power would double about every ____. Selected Answer: [None Given] Answers: a. 24 months b. 12 months c. 48 months d. 2 months Question 5 0 out of 1 points When planning an information system, a company must consider how a new system will interface with older systems, which are called ____. Selected Answer: [None Given] Answers: a. enterprise applications b. network operating systems (NOS) c. legacy systems d. operating applications Question 6 0 out of 1 points ...
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...Solutions to Accompany Information Technology Project Management, Seventh Edition ISBN-10: 1133526853 ISBN-13: 978-1133526858 Course Technology MIS Series Kathy Schwalbe, Ph.D., PMP Created November 27, 2012 Table of Contents CHAPTER 1 2 CHAPTER 2 4 CHAPTER 3 6 CHAPTER 4 7 CHAPTER 5 14 CHAPTER 6 20 CHAPTER 7 25 CHAPTER 8 30 CHAPTER 9 33 CHAPTER 10 36 CHAPTER 11 38 CHAPTER 12 41 CHAPTER 13 43 APPENDIX A 44 APPENDIX B 49 APPENDIX C 50 List of solution files available and referenced in this document, in alphabetical order: CHAPTER 1 Introduction to Project Management DISCUSSION QUESTIONS 1. Why is there a new or renewed interest in the field of project management? More and more projects are being done by a variety of organizations. The projects are more complex and often involve the use of new technologies. Organizations are struggling to find better ways to manage their projects. 2. What is a project, and what are its main attributes? How is a project different from what most people do in their day-to-day jobs? What is the triple constraint? What other factors affect a project? A project is “a temporary endeavor undertaken to create a unique product, service, or result” (PMBOK Guide, 2012). In addition to being temporary and unique, other attributes of projects are that they are developed using progressive elaboration, require resources from various areas, should have a primary customer or sponsor, and...
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...Technology Project Management, Third Edition ISBN 0-619-159847 Course Technology MIS Series Companion Web Site: www.course.com/mis/schwalbe Kathy Schwalbe, Ph.D., PMP Table of Contents CHAPTER 1 1 CHAPTER 2 3 CHAPTER 3 7 CHAPTER 4 9 CHAPTER 5 13 CHAPTER 6 18 CHAPTER 7 22 CHAPTER 8 27 CHAPTER 9 31 CHAPTER 10 35 CHAPTER 11 38 CHAPTER 12 41 APPENDIX A 44 APPENDIX B 49 APPENDIX C 51 List of solution files available with the Instructor Resource material: CHAPTER 1 Introduction to Project Management Discussion Questions 1. Why is there a new or renewed interest in the field of project management? More and more projects are being done by a variety of organizations. The projects are more complex and often involve the use of new technologies. Organizations are struggling to find better ways to manage their projects. 2. What is a project? How is it different from what most people do in their day-to-day jobs? A project is “a temporary endeavor undertaken to create a unique product or service” (PMBOK( Guide, 2000, p. 4). Projects are different from day-to-day activities primarily because they have focused goals and definite beginning and ending dates. 3. What is project management? Briefly describe the project management framework. Project management is “the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements” (PMBOK( Guide, 2000, p. 6). The project management framework graphically...
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...frame and life-cycle C. Conduction of task without schedule D. Implementing a new business process The reason I chose the answer number (B) projects are always in a form of a life cycle and changes happen frequently due to new ideas and technology the other answers are relevantly. Define the characteristics of a portfolio Manager? A. Process improvement, visibility, measurement, accountability, focus B. Standardization C. Change D. Associated processing Standardization and change are still characteristics of a good PPM but associated processing is not among traits Define the characteristics of a program? A. Deliverables with a strategic intent B. Risk Management C. Controlling project D. Schedule and resources The other three options are characteristics of a project manager. What are the project management processes? A. Initiating, planning, executing, monitoring and controlling and closure B. Integration, human resources, rick management C. Cost, stakeholder management, scope D. Quality, communications, procurement The other options are project management knowledge areas. What is a project management plan? A. Document capturing the entire project end –to-end, covering all project phases, from initiation through planning execution and closure. B. Costs, quality, schedule C. Scope, business needs, requirements, deliverables, constraints and work breakdown structure D. Risk index, Risk evaluation, Risk mitigation and contingency plan The...
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...Activity 1 Q1. Why is assessing the project scope and other relevant documents important in the initial stages of the project management? Answer- The scope of the project will make the job of managing scope and scope changes throughout the project easier. It will also reduce the chances of ‘scope creep’ and misunderstandings about the goals of the project. The definition of project scope also forms the basis for establishing a formal agreement with the client about what the project will deliver and when it will deliver agreed outcomes. Q2. Define stakeholders? What role do stakeholders play in the project management? Answer- A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. Not all stakeholders are equal. A company's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company's employees. Project stakeholders are those entities within or outside an organization which: 1. sponsor a project, or 2. have an interest or a gain upon a successful completion of a project; 3. May have a positive or negative influence in the project completion. Examples of project stakeholders include...
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...06_0789735733_ch02.qxd 4/5/07 1:29 PM Page 63 2 CHAPTER TWO IT Governance This chapter helps you prepare for the Certified Information Systems Auditor (CISA) exam by covering the following ISACA objectives, which includes understanding the role IT governance plays in providing assurance. The assurance structure starts at the top with senior management and continues downward through the organization. This includes items such as the following: Tasks Evaluate the effectiveness of IT governance structure to ensure adequate board control over the decisions, directions, and performance of IT so that it supports the organization’s strategies and objectives. Evaluate the IT organizational structure and human resources (personnel) management to ensure that they support the organization’s strategies and objectives. Evaluate the organization’s IT policies, standards, and procedures; and the processes for their development, approval, implementation, and maintenance to ensure that they support the IT strategy and comply with regulatory and legal requirements. Evaluate the IT strategy and the process for its development, approval, implementation, and maintenance to ensure that it supports the organization’s strategies and objectives. Evaluate monitoring and assurance practices to ensure that the board and executive management receive sufficient and timely information about IT performance. Evaluate management practices to ensure compliance with the organization’s...
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...Identify Risk and Plan Risk Management MacVille Assessment 1 Submission details (Due: week 6) Candidate’s name | | Student ID | | Assessor’s name | Olga Borovkova | Email | | Assessment site | Cambridge International College | Assessment date/s | | Time/s | | Contents Risk Context 2 Have your read the assessment????? 2 Your role and task 3 Internal Risks Context 3 External Risks Context 4 Evaluation Criteria 4 MacVille Risk 4 SWOT 5 Check list 5 Stakeholders 5 Research 5 Risks 5 Risk Analysis 5 Risk likelihood table 5 Risk consequences table 6 Risk Matrix table 6 Level of risks for MacVille 6 Risk evaluation 6 Control Measures 7 Resources 7 Consultation 7 Appendices 7 Appendix 1: MacVille Risk Register 8 Appendix 2: MacVille Risk Treatment Action Plan 9 Risk Context See for some examples: https://sielearning.tafensw.edu.au/toolboxes/toolbox904/toolbox904/u2_cond_risk_ass/u210_estab_conte/u210_estab_conte.htm Have your read the assessment????? Please, do not just list what is in the template. You must discuss and explain why it is important to know or discuss, or understand? Your role and task You have recently been assigned to work in a project team charged with the implementation of the new business endeavour for MacVille. Your duties within the project team include: * risk identification * analysis * evaluation * implementing and monitoring risk treatment, particularly in own areas of...
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...NATIONAL SENIOR CERTIFICATE GRADE 12 BUSINESS STUDIES FEBRUARY/MARCH 2013 MEMORANDUM MARKS: 300 This memorandum consists of 28 pages. Copyright reserved Please turn over Business Studies 2 NSC – Memorandum DBE/Feb.–Mar. 2013 NOTES TO MARKERS 1. For marking and moderation purposes, the following colours are recommended: Marker: Senior Marker: Deputy Chief and Chief Marker: Internal Moderator: 2. Red Green Black/Brown/Pink Orange The numbering of Assessment Standards is in accordance with the principle of progression from Grades 10 to 12, e.g. the first Assessment Standard is 12.1.2. Candidates' responses must be in full sentences for SECTIONS B and C. This would depend on the nature of the question. A comprehensive memorandum has been provided but this is by no means exhaustive. Due consideration should be given to an answer that is correct but: • • • • uses a different expression from that which appears in the memorandum. comes from another source. is correct and original. relates to another applicable LO or AS. 3. 4. NOTE: There are no alternative answers for SECTION A. 5. Take due note of other relevant answers provided by candidates and allocate marks accordingly. (In cases where the answer is unclear or indicates some understanding, part-marks should be allocated, for example, one mark instead of the maximum of two marks.) The word 'sub-max' is used to facilitate the allocation of marks within a question or subquestion. The purpose of circling marks (guided by...
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...Question 1 a) Explain the following 3 terms and outline how they affect a project management information system. i. Information Governance [2] ii. Information Dimension [2] iii. Information logistics [2] b) Discus any five (5) common reasons for project failures as a result of ill- management of information on projects. [10] Answers * Poorly managed ,Undefined objectives and goals ,Lack of management commitment, Lack of a solid project plan , Lack of user input , Lack of organizational support, Centralized proactive management initiatives to combat project risk , Enterprise management of budget resources, Provides universal templates and documentation, Poorly defined roles and responsibilities, Inadequate or vague requirements, Stakeholder conflict , Team weaknesses, Unrealistic timeframes and tasks, Competing priorities, Poor communication , Insufficient resources (funding and personnel), Business politics, Overruns of schedule and cost, Estimates for cost and schedule are erroneous , Lack of prioritization and project portfolio management , Scope creep, No change control process, Meeting end user expectations 1. Lack of Senior Management Involvement When I gauge a project's chances of success, all I need to do is look at whether a senior stakeholder is involved. Nope, I'm not talking about the project sponsor. I'm more likely talking about the project sponsor's boss. That person is usually the guy who has signatory rights on the project finances. And that...
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...1. What can be included in the Work Breakdown Structure to provide the detail needed for effective planning and control? - Activity and task descriptors - High – level deliverables framework - Multi – level task granulation - Work breakdown task dictionary 2. Consider a dinner party, with entrée, main course, and dessert. If the dinner party is considered a project it will need a WBS. Create a WBS appropriate for a dinner party. Upload your answer form assessment. Optimum file size should be less than 7MB 3. What estimating methods might be applicable in project time management techniques? - Precedence Diagramming Method (PDM) • Finish to start (FS) -– Task A must be completed before Task B can begin. • Finish to finish –- Task A must be completed before Task B does. • Start to Start –- Task A must start before Task B can start. • Start to finish –- Task A is started so that Task B can finish. - Arrow Diagramming Method (ADM) ADM only uses finish to start relationships. - Schedule network templates Activity 1, Question 3 Comment: Incorrect. Time Management estimating techniques are: • Analogous Using the actual duration of a previous (similar schedule activity) as the basis for estimating the duration of a future schedule activity. It is used when there is a limited amount of detailed information about the project to estimate project duration. • Parametric Estimating the basis for activity durations and can be quantitatively determined by multiplying...
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...GENDER PREFERENCE AMONG EMPLOYEE IN HOTELS IN LEGAZPI CITY Front Office Department Name: __________________________ Date: _________________ (Optional) 1. Demographic Profile of the employee: a.) Age * 18 to 25 years old * 26 to 30 years old * 31 to 38 years old * 39 to 45 years old * 46 to 50 years old * 50 years old above b.) Sex * Male * Female c.) Educational Attainment * High School Graduate * Vocational * College Level * College Graduate 2. Difficulties encountered by Hotel employee in Legazpi City Direction: Please answer the following question by checking the box provided. FRONT OFFICE DEPARTMENT A. KNOWLEDGE | YES | NO | 1.) Do you have difficulties in reservations and booking techniques? | | | 2.) Do you have difficulties in handling guest’s complaints? | | | 3.) Do you have difficulties in handling phone calls, hold line and transfer line? | | | 4.) Do you have difficulties in presenting the guest the room rates and facilities of each hotel rooms? | | | 5.) Do you have difficulties in issuing receipt? | | | B. SKILLS | YES | NO | 1.) Do you have difficulties in communication skills? | | | 2.) Do you have difficulties in using all front office effectively? | | | 3.) Do you have difficulties in auditing of transaction from several operating period? | | | 4.) Do you have...
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...failure of risk management: a book review with 7 comments Introduction Any future-directed activity has a degree of uncertainty, and uncertainty implies risk. Bad stuff happens – anticipated events don’t unfold as planned and unanticipated events occur. The main function of risk management is to deal with this negative aspect of uncertainty. The events of the last few years suggest that risk management as practiced in many organisations isn’t working. A book by Douglas Hubbard entitled, The Failure of Risk Management – Why it’s Broken and How to Fix It, discusses why many commonly used risk management practices are flawed and what needs to be done to fix them. This post is a summary and review of the book. Interestingly, Hubbard began writing the book well before the financial crisis of 2008 began to unfold. So although he discusses matters pertaining to risk management in finance, the book has a much broader scope. For instance, it will be of interest to project and program/portfolio management professionals because many of the flawed risk management practices that Hubbard mentions are often used in project risk management. The book is divided into three parts: the first part introduces the crisis in risk management; the second deals with why some popular risk management practices are flawed; the third discusses what needs to be done to fix these. My review covers the main points of each section in roughly the same order as they appear in the book. The crisis in risk management There...
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...Advance Project Management PM587, Week 3 quiz Keller Graduate School of Management Week 3 quiz covers material from Weeks 1 2 and 3 Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 7/28/2012 Time Spent: 58 min , 25 secs Points Received: 72 / 80 (90%) Question Type: # Of Questions: # Correct: Essay 4 N/A Grade Details - All Questions 1. Question : (TCO A) You work for company Bravo and have been asked to create a presentation for the Board of Directors to explain PPM. Your presentation is to include a comparison and contrast of project portfolio management, program management, and project management. The presentation should also include the benefits of PPM and why the company should implement this program. Below, in your own words, write the narrative for the presentation. Be sure to address all elements of the presentation. Student Answer: Bravo Board of Directors Presentation PPM A PPM stands for Project Portfolio management. It is a management process used to develop a series of projects that are grouped into a portfolio based upon similar strategic objectives of the organization. The Project Portfolio management does not actually manage the project; however the management group creates guidelines and processes, which are then enforced to select the proper projects that will allow the organization...
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