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Question - Module title: Project Risk and Value Management Module tutor: Claudio Benghi & Misheall Module number: BE1172Credit points:20 Level:7Option or core module: Core Academic year: 20132014Semester:1 / 2 Coursework title:Risk and Value Project Report (DRAF VERSION) Module learning outcomes that will be assessed: All Background information [how students will demonstrate the learning outcomes]: A report is to be prepared on a project of your specification. The specification will be produced from you on the basis of a project selected from a given set; the report will demonstrate the learning outcomes by applying techniques and methods of Risk and Value Management to th ...Read More e project and justifying them on grounds of project objectives, academic knowledge and specific project background information. Coursework description [what the coursework is all about]: For the assignment you will be asked to submit a Risk and Value report for a project of your specification to be initiated at the beginning of the next year. Access the World Bank database of projects (available at http://www.worldbank.org/projects) and choose a project that will serve as a knowledge repository for the definition of your own. You are free to select projects from any category in the database, it is advised that you select a completed project as they provide richer documentation, but this is not mandatory. The WB search tools should allow you to select a project meaningful for your individual background. The easiest way to produce the specification of the new project is to clone portions of the specs from the WB database and amend them as needed for a new project to be started at the beginning next year. In the definition of your own project you have the freedom to change any aspect of the specifications in order to make the project relevant to your expertise. So, for example, aspects such as available budget, location of the project, the nature of the stakeholders and even the intended benefits can be arbitrarily changed by you; you can also decide to focus on a specific workpackage of the project to exclude portions that are not of your interest. You should use this freedom to specify a project that challenges your knowledge and skills on the topics Risk and Value. The reason to build your project on the foundations provided by the WB example is twofold: (1) it does help you defining a project that is realistic and (2) its experience can serve as a starting point for the management of your project, make the most of it by underlying in the paperwork the reasons for portions of its governance that you decided to alter as well as for the parts that you are retaining. Details of the sections to cover in the report are listed below. Coursework tasks [what the students are expected to do]: The coursework report you will produce is to be composed of 4 parts (A, B, C, D) Part A Project specifications This part of the assignment should comprise all the specifications adopted in the production of the report. Their purpose is to serve as a repository to support decisions taken in all subsequent parts. E.g. It should include information such as: odetails (name, value, timescale) of your project oits Background and Environment oan identification of Client, Funders, Sponsors and other stakeholders oProject objectives, scope and Critical success factors Please make every effort to reference sources as appropriate. Part B Value Management (answer one of the following questions:) Question B1 You are requested to provide a value management implementation plan for the project. Explain in detail your choice of VM approach and the rationale for its selection. Please include in your report aspects of the following: oVM Activities planned for each stage of the Job Plan. oA detailed account of tools and techniques proposed for use and the rationale for their selection. oA detailed account of benefits that could accrue from the implementation of your proposal. Question B2 carry out a value analysis on the project to support the definition of an implementation plan. You can select a method of your choice, but the choice will have to be supported in a short introduction. Suitable methods include, but are not limited to the following list: oList of Functions (expressed as verbnoun pairs), oFAST or SMART diagram with rankings, oWeighed business value or backlog Written summary of the assumptions made in order to carry out the above activities (for examples the information considered to define rankings) Part C Risk Management (answer one of the following questions:) Question C1 Identify and classify the Project Stakeholders (e.g. as primary, secondary and tertiary) and carry out an analysis of the positive and/or adverse impacts these may have on the project’s success; try to support the analysis with relevant data or specific evidence. Question C2 – define and present the risk management strategy that you, as project manager, would put in place for this specific project and provide a justification grounded as much as possible on academic analysis and hard evidence. Part D Governance and Decision Making (answer one of the following questions:) Question D1 – Identify and prepare a list of key decisions that would impact the execution of the project; these could include strategic aspects and/or operational aspects of the project execution. Each of them will be presented with a comprehensive critical analysis comprising aspects such as: required supporting information and its availability, involved stakeholders, suggested decision methods and other considerations aimed at achieving efficient decision making designed around the intended project benefits. Question D2 – Produce a Governance plan aimed at maximising the project benefits while keeping Risk and Value Progress under control; this could include, but should not be limited to, the definition the different roles envisioned and the specification of their interaction processes. An estimation of cost overheads of the proposed Governance method should be included. Nature of coursework submission [what students need to submit for assessment]: Your submission will be a single report of maximum 5500 words. A penalty of 10% will be applied to the mark if the word count exceeds 6000. There is no minimum requirement for word count. Data, annexes or tables provided in appendix to support your work will not be included in the word count. Assessment criteria and weighting [how the coursework will be marked]: Marksareallocatedforindividualpartsforatotalof80%,theexplicitreferenceof interdependence across the different parts will accrue for the remaining 20%: Part A – Specifications: 20% Part B Value Management: 20% Part C Risk management: 20% Part D Governance and Decision Making: 20% Consideration and presentation of integration issues: 20% Assessment weighting [the percentage of this coursework towards the module mark]: 100% Coursework issue date [the date the coursework was / will be made available to students]: 6th November 2013 Date and time of submission: Date:13/12/2013Tim e: 12:00 noon Additional submission requirements [e.g. TurnitinUK, eLP Assignment Handler, etc.]: TurnitinUK via eLP:YES NU assignment handler via eLP:NO Other [please specify]:NO Date and time of return to students [when students’ marks and feedback will be issued]: Date:Tim e: Mechanism for returning marks and feedback [where students will collect their marks and feedback]: Coursework return office:NO Electronically via eLP:YES In class:NO Other [please specify]: IMPORTANT Students are advised to read the Assessment Regulations for Northumbria Awards and ensure they are fully conversant with the University’s definitions and penalties regarding Academic Misconduct. ARNA is available at: http://www.northumbria.ac.uk/sd/central/ar/lts/assess/ Students are advised to read and use the Cite Them Right Publication. Students must use the Northumbria Harvard referencing system when writing and preparing the coursework. Cite Them Right is available at: http://www.northumbria.ac.uk/sd/central/library/resources/referencing/cite/ Students must make themselves available for a viva voce before the Module Examination Board should the Module Tutor and Programme Leader deem it necessary. Students will be asked to attend such an interview if Academic Misconduct is suspected before the end of each semester. Academic calendars are available at: http://www.northumbria.ac.uk/sd/central/ar/spa/dates/ Unless stipulated otherwise, students can normally expect to receive feedback – either individual or generic – following the submission of coursework at the end of a 3 week marking period. This period excludes statutory holidays and the University winter, spring and summer breaks. Generic Masters (Level 7) Assessment Criteria MarkGradeGeneric Level 7 Assessment Criteria 70100DistinctionExcellent work providing evidence to a very high level of the knowledge, understanding and skills appropriate to Level 7. All learning outcomes met, many at high level. Marks at the high end of this range indicate outstanding work where all learning outcomes are met at a high level. Excellent in all or most of: use of primary sources of literature from a range of perspectives; development of analysis and structure of argument; critical evaluation and creative use of theory, research methods and findings; presentation of information to the intended audience 6069CommendationCommendable work providing evidence to a high level of the knowledge, understanding and skills appropriate to Level 7. All learning outcomes met, many are more than satisfied. Good in all or most of: use of uptodate material from a variety of sources; development of analysis and structure of argument; critical evaluation of relevant theory, research methods and findings to the problem in question; presentation of information to the intended audience 5559PassSatisfactory work providing evidence of the knowledge, understanding and skills appropriate to Level 7. All learning outcomes are met. Satisfactory in all or most of: use of relevant material from a variety of sources; development of analysis and structure of argument; evaluation of theory; application of relevant theory, research methods and findings to the problem in question; presentation of information to the intended audience. 5054PassAdequate work providing evidence of the knowledge, understanding and skills appropriate to Level 7 but only at a bare pass level. All learning outcomes are met (or nearly met and balanced by strengths elsewhere). Adequate in all of (or most of, with balancing strength elsewhere): use of relevant material; development of analysis and structure of argument; evaluation of theory; application of relevant theory, research methods and findings to the problem in question; presentation of information to the intended audience. 4049FailWork is not acceptable in providing evidence of the knowledge, understanding and skills appropriate to Level 7. However a majority of the learning outcomes are met and others are nearly satisfied. Adequate in most but not all of the following aspects : use of relevant material; development of analysis and structure of argument; evaluation of theory; application of relevant theory, research methods and findings to the problem in question; presentation of information to the intended audience 139FailWork is not acceptable and provides little evidence of the knowledge, understanding and skills appropriate to Level 7. Few of the learning outcomes are met. Inadequate in some of the following aspects or seriously inadequate in at least one: use of relevant material; development of analysis and structure of argument; evaluation of theory; application of relevant theory, research methods and findings to the problem in question; presentation of information to the intended audience. 0FailWork not submitted OR Work giving evidence of serious academic misconduct (subject to regulations in ARNA Appendix 1) OR Work showing no evidence of the knowledge, understanding and skills appropriate to Level 7. None of the learning outcomes are met Achievement at Masters level will be also be measured, where appropriate, by an ability to demonstrate advanced research methods, including the ability to devise, carry out and disseminate independent research. ...Read Less
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