PJM410 MOD3 Portfolio Milestone

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Portfolio Milestone (75 Points)

Important! Read First

Choose one of the following two assignments to complete this week. Do
not do both assignments. Identify your assignment choice in the title
of your submission.

Option #1: Executive Summary of a Risk Management Plan

The Project Management Institute (Project Management Institute, 2017)
defines the Risk Management Plan as containing some or all of the
following elements:

  • Risk strategy
  • Methodology
  • Roles and responsibilities
  • Funding
  • Timing
  • Risk categories

This is outlined in both A guide to the project management body of knowledge and the Practice standard for project risk management.

Instructions:

For the Portfolio Project that is due in Week 8, you will
develop a complete Risk Management Plan and Risk Register for a project.

Select a project within your industry, or within an industry in which
you would choose to work as a project manager. Submit an executive
summary of your selection (high-level project charter) for a grade. You
will also begin to outline a Risk Management Plan for this project and
add to it each week. This will be submitted as part of your Portfolio
Project in Module 8.

Your executive summary should meet the following requirements:

Refer to the Portfolio Project milestone grading rubric below for more information on assignment expectations and grading.

Reference

Project Management, I. (2017). A guide to the project management body of knowledge: (PMBOK® guide) (6th ed.). Newtown Square, PA, USA: Project Management Institute.

Option #2: Outline of Risk Management Planning Process

The Project Management Institute (Project Management Institute, 2017)
defines the Risk Management Plan as containing some or all of the
following elements:

  • Risk strategy
  • Methodology
  • Roles and responsibilities
  • Funding
  • Timing
  • Risk categories

For your final Portfolio Project, you will write a paper detailing
the entire Risk Management Planning process. You will include discussion
and analysis of terms learned throughout this course. Your paper should
describe each phase of the process; how it is planned; and any inputs,
tools and techniques, and outputs that can be applied. Your Portfolio
Project should demonstrate your critical thinking abilities, your
knowledge of risk management systems, and your ability to apply risk
management practices and tools. This will be submitted in Module 8.

This week, you will submit your paper outline for a grade.

Your outline should meet the following requirements:

Refer to the Portfolio Project milestone grading rubric below for more information on assignment expectations and grading.

Reference

Project Management, I. (2017). A guide to the project management body of knowledge: (PMBOK® guide) (6th ed.). Newtown Square, PA, USA: Project Management Institute.

Rubric

PJM410 Mod 3 PM

PJM410 Mod 3 PM

Criteria

Ratings

Pts

This criterion is linked to a Learning Outcome
Content

25.0
to >20.0 pts
Meets Expectation

Demonstrates
strong or adequate knowledge of developing a risk management plan or
process, and correctly represents knowledge from the readings and
sources.

20.0
to >15.0 pts
Approaches Expectation

Some significant, but not major, errors or omissions in demonstration of knowledge.

15.0
to >10.0 pts
Below Expectation

Major errors or omissions in demonstration of knowledge.

10.0
to >0 pts
Limited Evidence

Fails to demonstrate knowledge of the materials.

25.0 pts

This criterion is linked to a Learning Outcome
Requirements

10.0
to >8.0 pts
Meets Expectation

The Portfolio Project includes all of the required components, as specified in the assignment.

8.0
to >6.0 pts
Approaches Expectation

The Portfolio Project includes most of the required components, as specified in the assignment.

6.0
to >4.0 pts
Below Expectation

The Portfolio Project includes some of the required components, as specified in the assignment.

4.0
to >0 pts
Limited Evidence

The Portfolio Project includes few of the required components, as specified in the assignment.

10.0 pts

This criterion is linked to a Learning Outcome
Decision Making

25.0
to >20.0 pts
Meets Expectation

Demonstrates
strong or adequate decision making skills regarding the tools,
techniques, roles and responsibilities, and strategies needed to create a
risk management plan or detail the risk management process.

20.0
to >15.0 pts
Approaches Expectation

Some
significant, but not major, errors or omissions in decision making
skills regarding the tools, techniques, roles and responsibilities, and
strategies needed to create a risk management plan or detail the risk
management process.

15.0
to >10.0 pts
Below Expectation

Major
errors or omissions in decision making skills regarding the tools,
techniques, roles and responsibilities, and strategies needed to create a
risk management plan or detail the risk management process.

10.0
to >0 pts
Limited Evidence

Fails
to demonstrate decision making skills regarding the tools, techniques,
roles and responsibilities, and strategies needed to create a risk
management plan or detail the risk management process.

25.0 pts

This criterion is linked to a Learning Outcome
Organization

5.0
to >4.0 pts
Meets Expectation

Project
is clearly organized, well written, and in proper essay format,
including an introduction, body, and conclusion. Conforms to project
requirements.

4.0
to >3.0 pts
Approaches Expectation

Small
number of significant, but not major, flaws in organization and
writing; is in proper essay format. In a minor way, does not conform to
project requirements.

3.0
to >2.0 pts
Below Expectation

Major
problems in organization and writing; does not completely follow proper
essay format. In a significant way, does not conform to project
requirements.

2.0
to >0 pts
Limited Evidence

Project is not well organized or written and is not in proper essay format. Does not conform to project requirements.

5.0 pts

This criterion is linked to a Learning Outcome
Grammar and Style

5.0
to >4.0 pts
Meets Expectation

Strong
sentence and paragraph structure; few or no minor errors in grammar and
spelling; appropriate writing style; clear and concise, with no
unsupported comments.

4.0
to >3.0 pts
Approaches Expectation

Small number of significant, but not major, errors in grammar and spelling; generally appropriate writing style.

3.0
to >2.0 pts
Below Expectation

Inconsistent
to inadequate sentence and paragraph development; work needed on
grammar and spelling; does not meet program expectations.

2.0
to >0 pts
Limited Evidence

Poor quality; unacceptable in terms of grammar and/or spelling; inappropriate writing style that interferes with clarity.

5.0 pts

This criterion is linked to a Learning Outcome
Demonstrates Proper Use of APA Style

5.0
to >4.0 pts
Meets Expectation

Project
contains proper APA formatting, according to the CSU-Global Guide to
Writing & APA, with no more than one significant error.

4.0
to >3.0 pts
Approaches Expectation

Few
errors in APA formatting, according to the CSU-Global Guide to Writing
& APA, with no more than two to three significant errors.

3.0
to >2.0 pts
Below Expectation

Significant
errors in APA formatting, according to the CSU-Global Guide to Writing
& APA, with four to five significant errors.

2.0
to >0 pts
Limited Evidence

Numerous
errors in APA formatting, according to the CSU-Global Guide to Writing
& APA, with more than five significant errors.

5.0 pts