SMU MBA ASSIGNMENTS

Sikkim manipal Solved MBA Assignments, SMU MBA, Solved assignments, 1st sem, 2nd sem, 3rd sem, 4th sem, SMU MBA PROJECTS

Email Us

Q1. What are the responsibilities of project risk manager and project risk management team in risk management?

January 10, 2013 By: Meliza Category: 1st SEM

Answer :  Key Accountabilities

 

  • For implementing and developing Project risk management policy, processes, procedures and systems and ensuring quality and consistency of data is maintained
  • For ensuring that all relevant personnel are aware of their risk responsibilities
  • To monitor risks on a monthly basis
    • To prepare risk information relating to ad hoc requests from projects and the business
    • For co-ordinating the flow of risk information to ensure that interfaces within projects are effectively managed to optimise efficiencies
    • For taking an overview of the risks within their specific area in Active Risk Management (ARM)
    • For reviewing the monthly risk reports across the work area to identify common themes that require specific concentrated attention.
    • For consolidating/implementing the contributions to improving the quality and performance of risk management processes and systems
    • For undertaking and reviewing the modelling three point estimates, schedules and risk registers at each stage of the project delivery process in accordance with company procedures and customer requirements. Including the development of the customer model.
    • ·
    • For facilitating the effective identification and management of project risks
    • For negotiating the escalation of risks to other parts of the business

    Key Responsibilities

     

    • To ensure that I understand and apply my responsibilities with regard to the Company’s Environment, Health, Safety, Security and Quality Standards
    • To provide a risk management service within a comprehensive project risk management team for either a major project or multi projects
    • To work with and provide support for colleagues in projects in the delivery of investment appraisal requirements. To facilitate resolutions to problems.
    • To work with Heads of Delivery to promote the effective and efficient application of risk management and associated behaviours within the project teams
    • To work with colleagues throughout the business and relevant external stakeholders to promote experiences of risk management and implement improvement opportunities in the areas of best practice processes, procedures, tools and techniques and mechanisms for their practical application
    • Reports to the Head of Project Risk for functional accountabilities and day to day line management activities
    • For mentoring assistant risk managers, risk managers and senior risk managers

    Qualifications

     

    • HNC/HND or equivalent
    • Risk Management qualification desirable
    • Membership of appropriate professional body

    Knowledge

     

    • Project Risk Management Process and Principles
    • Project Management principles
    • Project services principles covering risk, estimating, planning, cost control, change management, value management
    • Risk Management software, particularly ARM, Predict and Pert master but also other products on the markets
    • Business Continuity

    Experience

     

    • In a project or project risk management environment
    • Experience of risk analysis including modelling risk, schedule and cost
    • Experience of  investment sanctioning
    • Previous experience of successfully leading, motivating and managing teams
    • Interacting with senior managers
    • In a business environment

    Skills

     

    • Strong communication skills
    • Self motivated
    • High computer software literacy
    • Facilitation skills
    • Analytical skills
    • Presentation skills
    • Training and mentoring skills
    • Team building and management

     

    Behaviours

     

    • Mature attitude with the ability to communicate at all levels within the project team, business and external stakeholders, both verbally and written
    • Leading a team to deliver a broad set of objectives
    • Output orientated with a pragmatic approach to problem solving
    • Capable of inspiring respect from the team and associated stakeholders
    • Respond positively and successfully to changes in demand, priorities and conditions
    • Recognition and demonstration that safety, quality, environment and security are key to success
    • Delivery focused
    • Able to deputise for Head of Project Risk

     

     

    Q2. Mention any five risk identification methods along with their advantages and disadvantages

    b. Mention the risk mitigation options through which risk mitigation can be done.

     

    Q4. Explain the various inputs and outputs of the risk identification process

    Q5. Explain the different phases of Risk Assessment Cycle

     

    Q6.a. List the sources of scheduled risks.

Leave a Reply

You must be logged in to post a comment.