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Epgdm Program: Course Assignment (T0Tal Marks 40 (12+ (4X7 28) 40 MARKS) )

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Georgekutty George

This document outlines the course assignment for the Project Risk Management term. It includes instructions for a case study presentation worth 12 marks and answers to four questions from a list of topics worth 7 marks each, for a total of 40 marks. Students must complete the case study presentation or lose 12 marks. The questions cover emerging digital trends in PRM, qualitative techniques like the Delphi method, developing a risk management plan and register, risk analysis methods for an automotive industry project, risk mitigation strategies, techniques like FMEA and Monte Carlo simulation, and benefits of digital transformation and software in project risk management.

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Epgdm Program: Course Assignment (T0Tal Marks 40 (12+ (4X7 28) 40 MARKS) )

Uploaded by

Georgekutty George
177 views3 pages
This document outlines the course assignment for the Project Risk Management term. It includes instructions for a case study presentation worth 12 marks and answers to four questions from a list of topics worth 7 marks each, for a total of 40 marks. Students must complete the case study presentation or lose 12 marks. The questions cover emerging digital trends in PRM, qualitative techniques like the Delphi method, developing a risk management plan and register, risk analysis methods for an automotive industry project, risk mitigation strategies, techniques like FMEA and Monte Carlo simulation, and benefits of digital transformation and software in project risk management.

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MGT473-PRM-ASSIGNMNT-epgdm-SEP21-DEC21

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This document outlines the course assignment for the Project Risk Management term. It includes instructions for a case study presentation worth 12 marks and answers to four questions from a list of topics worth 7 marks each, for a total of 40 marks. Students must complete the case study presentation or lose 12 marks. The questions cover emerging digital trends in PRM, qualitative techniques like the Delphi method, developing a risk management plan and register, risk analysis methods for an automotive industry project, risk mitigation strategies, techniques like FMEA and Monte Carlo simulation, and benefits of digital transformation and software in project risk management.

Copyright:

© All Rights Reserved
Download as DOC, PDF, TXT or read online from Scribd
Download as doc, pdf, or txt
177 views3 pages

Epgdm Program: Course Assignment (T0Tal Marks 40 (12+ (4X7 28) 40 MARKS) )

Uploaded by

Georgekutty George
This document outlines the course assignment for the Project Risk Management term. It includes instructions for a case study presentation worth 12 marks and answers to four questions from a list of topics worth 7 marks each, for a total of 40 marks. Students must complete the case study presentation or lose 12 marks. The questions cover emerging digital trends in PRM, qualitative techniques like the Delphi method, developing a risk management plan and register, risk analysis methods for an automotive industry project, risk mitigation strategies, techniques like FMEA and Monte Carlo simulation, and benefits of digital transformation and software in project risk management.

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SEP’ 24, 2021

EPGDM PROGRAM Term-IV


MGT-473 , PROJECT RISK MANAGEMENT ( PRM)
EPGDM- SEP’21-DEC’21 BATCH
COURSE ASSIGNMENT ( T0TAL MARKS = 40
( 12+ (4X7=28)>> 40 MARKS))

IMPORTANT >> PL NOTE FOLLOWING

QUESTION 1>> CASE STUDY PRESENTATION for all PM


/EPGDM / PRM Students

THIS CARRIES 12 MARKS (group of 2 or more OK for presentation)

Alternatively in case genuine difficulty to MAKE a on line presentation


student may seek permission from FACULTY to optionally send related
presentation by E MAILTO FACULTY ( appanhosur@yahoo.com)

CASE STUDY QUESTION FOR PRESENTATION IS ALREADY SENT BY E


MAIL TO ALL PM/PRM STUDENTS AND ALSO PRESENTED IN ON LINE
CLASS with related TIPS for Presentation!

Pl note that those who DO NOT FULFILL THIS AND MAKE PRESENTAION
STAND TO LOSE 12 MARKS IN ASSIGNMENT FOR PRM

ANSWER ANY Four from following. Each carry equal


(4x7=28) MARKS)

2) Enumerate top 5 Emerging DIGITAL Trends & FUTURE


FOCUS OF PRM-project risk management PRACTICES,
with CASE STUDY EXAMPLES of Company practicing the
current trends in PRM as discussed in on line Class.

1
3) Examine the concept QUALITATIVE TECHNIQUES and
examine the statement shown below…….
“”PRM PRACTICES ARE INCOMPLETE WITH OUT
DELPHI Techniques of expert judgement to address all
possible known & unknown Risks and this is IDEALLY
SUITED for Mid Size Projects“” Explain Delphi
Techniques with suitable Case Study Examples as seen
in Class....

4) Enumerate the concepts of RISK MANAGEMENT PLAN


& RISK REGISTER and its Importance in Project Risk
Management.
Explain the VARIOUS METHODS IN PROJECT RISK
IDENTIFICATION as SWOT/SWIFT / EVEN TREE/ FAULT
TREE /BOW TIE/ etc(atleat 3) as indicated by PMBOK to
complete PROJECT RISK MANAGEMENT PLAN& RISK
REGISTER and their important usage in Risk
Management of Life Saving VACCINES.

5) Risk management is essential in automobile sector


due to high demand fluctuations towards electric cars
esp in the context of success of TESLA cars and STRICT
ENVIRONMENTAL REGULATIONS.
a) Enumerate various risks in such project both for
traditional companies and electric vehicles company
and need for RISK MANAGEMENT with
QUANTITATIVE RISK ANALYSIS WITH MONTECARLO
SIMULATION AND EXPECTED MONETARY VALUE
ANALYSIS(EMV)
b) What are the possible mitigation strategies

6) What are the various RISK MITIGATION STRATEGIES


( for both Positive and Negative Risks) and approach
to overcome RISKS as listed by PMI/PMBOK Process of
“Risk Response Strategies”
Explain this with a Case Study example of Companies
who adapted the risk mitigation strategy to overcome
HR and SCM risks due to COVID-19 as seen in Class
from Maruti Suzuki and TVS LOGISTICS.

2
7) Explain the concept of FMEA Techniques and Latin
Hypercube simulation method for RISK MANAGEMENT
and examine how this Practice is usefully deployed in
ISRO /NASA/AUTO SECTOR etc for successful
Projects /missions/and CUSTOMER/MARKET
CONFIDENCE OF PRODUCTS.

8) Examine to purpose of “HAZOP STUDY” and Sesitivity


Analysis” as a Part of Quantitative technique to
address serious RISKS in Projects. Explain how this is
Useful in LARGE COMPLEX PROJECTS as /NUCLER
REACTOR/ NASA /ISRO PROJECTS

9) Exmine the Importance of DIGITAL TRANSFORMATION


and deployment of SOFTWARE SUPPORT and
AUTOMATION to Manage Projects and Project Risks
Enumerate and List advantages in Project
Documentation, Monitoring, Remote Review, and other
benefits in Project Management Software ,
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