Description
Now, in Milestone Three, you will draft two key sections of your final project. In this milestone, you will identify and describe a project risk from the list of risks included in the Project Management Document Excel workbook, then you will recommend risk mitigation strategies.
Specifically, in this milestone, you will compose Sections II and III of the final project.
Section II includes selecting a specific risk, explaining why that risk needs attention, and explaining why it should be addressed. You will also explain the implications for the project if this risk is not addressed.
Section III is a recommendation for a risk mitigation strategy. Here, you will explain the steps to be taken to mitigate the risk and how these actions may affect the project. You will then explain why your proposed strategy is the best course of action.
To complete this assignment, review the
Milestone Three Guidelines and Rubric
.
IT 328 Milestone Three Guidelines and Rubric
Project Risk and Mitigation
Overview: In Milestones One and Two, you specifically focused on Section I of your final project. In Milestone Three, you will advance toward successful
completion of your final project, the risk analysis and mitigation memo, by drafting key components of the project. Specifically, you will draft Sections II and III of
the projectâ€â€the project risk description (Section II) and the risk mitigation recommendation (Section III). At this point in your learning experience, these items
have not been further broken down.
In the final project, and here in Milestone Three, you will analyze and recommend mitigation strategies for one project risk. Refer to the risk matrix in the Project
Management Documents Excel workbook to select a project risk to focus on before you proceed. You may pick any one of these risks depending on which area
you mean to speak to. You do not need to pick the most likely or significant risk. The risk you choose to focus on must come from this list.
Prompt: Specifically, Milestone Three must address the following critical elements:
I.
Project Risk: Select a risk from the list in the Project Management Documents workbook. Using this Excel workbook as a guide, provide detailed
information about the specific project risk.
A. Explain why this risk requires attention. Support your response with examples from the Project Management Documentsworkbook.
B. Describe any dependencies within the project that may be affected by this risk. Provide specific examples from the project management
documentation to support your response.
C. Explain the implications for the project within the context of the triple constraint if this risk is not addressed.
II.
Risk Mitigation: Using all available project documents as guides, recommend a risk mitigation strategy.
A. Explain the steps that need to be taken in order to mitigate the identified risk.
B. Explain in detail how the proposed mitigation strategy will affect the project. Include any tradeoffs that must be made to accommodate the
mitigation strategy, and consider the triple constraint and any other variables that you deem important.
C. Defend why your proposed mitigation strategy is the best course of action for the project team.
Remember that your writing throughout the memo should be clear and professional. Use language appropriate for the audience of stakeholders. This will help
you prepare to fulfill part of the final project critical element on communication (Section V, Part A).
Rubric
Guidelines for Submission: Your Milestone Three submission should be approximately 2 pages in length with double spacing, one-inch margins, 12-point Times
New Roman font, and adherence to the latest edition of APA formatting.
Critical
Elements
Attempted With Minimal or No Functional
Issues (100%)
Requires
Attention
Identifies risk and explains why the risk
requires attention with minimal or no errors,
supporting response with examples from
project management documents
Dependencies
Attempted With Significant Functional Issues
(75%)
Not Evident in Submission (0%)
Value
Identifies risk and explains why the risk
requires attention, supporting response with
examples from project management
documents, but with major errors related to
logic, accuracy, or completion
Does not identify risk and explain why the risk
requires attention
15
Describes with minimal or no errors any
dependencies within the project that may be
affected by the risk, including support from
project management documentation
Describes any dependencies within the project
that may be affected by the risk, including
support from project management
documentation, but with major errors related
to logic, accuracy, or completion
Describes any dependencies within the project
that may be affected by the risk
15
Implications
Using the triple constraint as a guide, explains
with minimal or no errors the implications for
the project if the risk is not addressed
Explains within the context of the triple
constraint the implications for the project if
the risk is not addressed but with major errors
related to logic, accuracy, or completion
Does not explain the implications for the
project if the risk is not addressed
15
Mitigate
Explains with minimal or no errors the steps
that need to be taken in order to mitigate the
identified risk
Explains the steps that need to be taken in
order to mitigate the identified risk but with
major errors related to logic, accuracy, or
completion
Does not explain the steps that need to be
taken in order to mitigate the identified risk
15
Affect
Explains in detail with minimal or no errors
how the proposed mitigation strategy will
affect the project, considering the triple
constraint and any other variables deemed
important including any tradeoffs that must be
made to accommodate the mitigation strategy
Explains in detail how the proposed mitigation
strategy will affect the project, considering the
triple constraint and any other variables
deemed important including any tradeoffs
that must be made to accommodate the
mitigation strategy, but with major errors
related to logic, accuracy, or completion
Does not explain how the proposed mitigation
strategy will affect the project
15
Best Course of
Action
Defends with minimal or no errors why the
proposed mitigation strategy is the best
course of action for the project team
Defends why the proposed mitigation strategy
is the best course of action for the project
team but with major errors related to logic,
accuracy, or completion
Does not defend why the proposed mitigation
strategy is the best course of action for the
project team
15
Articulation of
Response
Submission has no major errors related to
citations, grammar, spelling, syntax, or
organization
Submission has major errors related to
citations, grammar, spelling, syntax, or
organization that negatively impact readability
and articulation of main ideas
Submission has critical errors related to
citations, grammar, spelling, syntax, or
organization that prevent understanding of
ideas
10
Total
100%
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