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Weekli-Firstlnstallmentot'Portt'olioProiect The goal for this part of the PortfolioProject is for you to apply suitable techniques to document,...

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Course Outcomes  Define risk, risk identification, and how inadequate project risk planning can affect businesses.  Describe how to qualify, quantify, and prioritize project risks.  Apply suitable techniques to identify, analyze, mitigate and monitor risks in the project life cycle.  Select and apply appropriate risk management tools that improve the potential for project success.  Compare and contrast the threats and opportunities facing contracts and projects from a top-down and bottom-up perspective.  Recognize the warning signs of cost acceleration, schedule delays, and substandard quality and make recommendations to minimize or mitigate the impact.

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Weekli-Firstlnstallmentot'Portt'olioProiect The goal for this part of the PortfolioProject is for you to apply suitable techniques to document,
analyze, mitigate, and mornitor risks in the project life cycle. The methods we use will help you in
selecting and applying appropriate risk management tools that innprove the potential for project
success. In addition, you will recognize the warnirng signs of cost acceleration. schedule delays,r and
substande qualityandmalnerecorrmtendationstorrninindze ormitigate tl'neimpfl Intherole ofthe
projectmanager. addresstl'nefollowingscenarioandfiitemsbasedca'n theDART: RiskManagennent
Case Study pages one through nine. Semen-to Thetin'neislanuaryillli- shortly afterCDR. TheDARTProjecthad beenshiftedfromznd Gento
the flrbital Space Plane [USP] program. NASA senior management has announced that the DART
Project is now a high priority, low riskmission - Clam B. Dverfiilfl problems and issues were
identified in the critical design review - indicatirng poterntial risks and problenns. The autonomous
rendezvous and docking capability has been determined to be esserntial for conunercial ISS
resupply missions
Yourjoh is to develop a briefing for senior management in which you addre-m the following 5 items:
'1. Based on your input and feedback. from the clam provided in the Week 5 Portfolio Project
Iifriscussion,r Identify the top five risk issues by documenting:
a. In: Unique number you'll use to- track the risk [1, it. ..}
b. Category: Based on those iderntified in our discussion
c. Desaiptinrn: Using the format ”IF risk event. THEN risk consequence."
d. Priority: High, Medium. Low based on those definitions previously discussed
e. Dunner. Functional group responsible for traclcing & monitoring the risk
1 Proposeriskndfigationandcontrolactivifiesformchoffltesefiverisks Notenfinn easywayto
dothisis toenttend the desu'iption toirncludeanotherclause: ”IF riski‘lffl'ti, THEN risk
consequence. TIES MEANS risk mitigation.”
3-. Describe changes necessary in cost, schedule, and requirements baseline in order to minimize
the probability of occurrence or impact of each risk.
i Identify and describe other reconunerndations 3' requests that will ensure ahigh likelihood of
mission success.
5. Recommend proceeding to the Design llilen-lification Review or cancelling the mission. Include
yourrationale. Please target EDD-1000 words for this installment. The brifling should be in APA format and include
citations for at least 3 scholarly references.

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