Project Risk Management Overview | 3 Pgs | Due 12/7 Please see attached for details! Please read the scenario below, and then answer the questions that fol

Project Risk Management Overview | 3 Pgs | Due 12/7 Please see attached for details!
Please read the scenario below, and then answer the questions that follow in a 3-page analysis. The questions will guide your analysis of the situation, but they need to be presented as part of the discussion preparation that you are completing for your boss.
Scenario:
You are a project manager working in the mortgage banking industry. Your manager informed you that government agency auditors are coming to the headquarters to perform an audit. The emphasis will be on the risk management program. This audit is very important because penalties for noncompliance can be high. This audit is a top priority for the entire company, and your manager has asked you to be prepared to answer questions about the bank’s risk management program.
Your manager told you to review and analyze all documentation associated with managing risks and to explain the following:

Different types of risks that your bank manages
How threats and opportunities are identified, analyzed, responded to, and monitored
The risk management plans that the bank has in place

You should know everything from program-level to risk management documentation used in each phase of the process, as well as the tools and techniques used to manage risks. Use the template provided to complete a 3-page report (excluding the cover page). NOTE: Please delete all instructions and examples before submitting your work.

Click here to access the template Paper Template

Please read the scenario below, and then answer the questions that follow in a 3-page analysis. The questions will guide your analysis of the situation, but they need to be presented as part of the discussion preparation that you are completing for your boss.

Scenario:

You are a project manager working in the mortgage banking industry. Your manager informed you that government agency auditors are coming to the headquarters to perform an audit. The emphasis will be on the risk management program. This audit is very important because penalties for noncompliance can be high. This audit is a top priority for the entire company, and your manager has asked you to be prepared to answer questions about the bank’s risk management program.

Your manager told you to review and analyze all documentation associated with managing risks and to explain the following:

· Different types of risks that your bank manages

· How threats and opportunities are identified, analyzed, responded to, and monitored

· The risk management plans that the bank has in place

You should know everything from program-level to risk management documentation used in each phase of the process, as well as the tools and techniques used to manage risks.

The manager wants you to watch the following two videos and then prepare a discussion about risks, risk management, and risk management processes using the list of questions below (QualityGurus, 2013; RiskX: Risk Management for Projects, 2017):

(Watch Videos Below)

Introduction to Risk Management

Risk Management Processes

1. What is risk?

2. What is risk management?

3. What constitutes a threat to a project?

4. What opportunities are available to projects?

5. What are industry examples of a specific risk management requirement in the preventive action clause?

6. How should risk management planning be done?

7. What are key characteristics of risk?

8. In risk analysis, what are the considerations for risk?

9. What is the goal of applying risk response strategies for positive risks?

10. What is one of the most common risk identification techniques?

11. Risk analysis can be done from what aspect?

12. What are the important tools used in risk analysis?

Grading Rubric: Maximum 100 Points

Grading Criteria

Points

 

 

 

 

 

Deliverable requirements addressed; understanding of material and presenter’s message and intent are clear 

40 points

Followed assignment guidelines and criteria

20 pts

Yes/Complete

Mostly

Not at all

Overall quality

20 pts

Excellent

Satisfactory

Needs Improvement

Scholarly research that supports the writer’s position is properly acknowledged and cited, and direct quotations do not exceed 10% of the word count of the body of the assignment deliverable 

25 points

Title page, table of contents, tables, exhibits, appendices or reference page included

12.5 pts

Yes

Partially

Not at all

Content is original with less than 35% match

12.5 pts

Yes

36–50%

51% or over

Critical thinking: Position is well-justified; logical flow; examples  

10 points

Position is justified with examples

5 pts

Excellent

Satisfactory

Needs Improvement

Presentation flows logically

5 pts

Excellent

Satisfactory

Needs Improvement

Structure: Includes introduction and conclusion, proper paragraph formatting, and reads as a polished academic paper or professional presentation, as appropriate for the required assignment deliverable

7.5 points

Includes introduction and conclusion

2.5 pts

Excellent

Satisfactory

Needs Improvement

Paragraphs are formatted properly

2.5 pts

Excellent

Satisfactory

Needs Improvement

Reads as polished academic paper or presentation

2.5 pts

Excellent

Satisfactory

Needs Improvement

Mechanical: No spelling, grammatical, or punctuation errors 

10 points

Spelling and grammar are accurate

5 pts

Yes

Partially

Not at all

Punctuation is accurate

5 pts

Yes

Partially

Not at all

APA: Deliverable is cited properly according to the APA Publication Manual 

7.5 points

References are cited in accordance with APA formatting

5 pts

Yes

Partially

Not at all

Reference page is included

2.5 pts

Yes

Partially

Not at all

Submitting your assignment in APA format means, at a minimum, you will need the following:

· Title page: Remember the running head. The title should be in all capitals.

· Length: 3 pages minimum

· Body: This begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics, except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 3 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.

· Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hanging indent, italics, and uppercase and lowercase usage as appropriate for the type of resource used. Remember, the Reference page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

Please submit your assignment.

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