MBA641 Risk Analysis and Stakeholder Management Plan- Project Strategy Framework

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MBA641 Risk Analysis and Stakeholder Management Plan

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Your task

You are required to complete a comprehensive risk analysis and stakeholder management plan based on your proposals put forward in Assessment 1 and Assessment 2 concerning project managing the new Sydney Cruise Terminal. This assessment is a culmination piece, in which you will be given an opportunity to combine the information you have accumulated in Assessments 1 and 2.

Assessment Description

The purpose of this assessment is to foster students’ ability to evaluate and determine project viability, including the analysis required in the selection process. This will also form a part of students’ ability to create project portfolios that meet an organisation’s strategic goals and requirements as well as analyse project lifecycles and the processes involved in project development. Students will also demonstrate the criteria required to evaluate the success of projects based on an organisation’s goals, strategy and standards and analyse the project lifecycle and the processed involved in project development.

Assessment Instructions

Your task is to imagine that you are advancing the project for the new Sydney Cruise Terminal, that you have developed in Assessment 1 and Assessment 2, and you now have to prepare a Risk Analysis and Stakeholder Management Plan before commencing the project.

You will complete a comprehensive risk assessment of your project proposal and statement of work (SOW), linked directly to the case study. You will also complete a stakeholder management plan, in which you will propose ways to manage best the relationships between the groups identified in the case study and the proposals you have put forward in Assessment 1 and 2. Your analysis needs to be directly linked to the case study and related to all the elements you addressed in the Project Strategy Framework and Statement of Work (SOW).

It is expected that your Risk Analysis (approx. 1,250 words) will include the concepts studies in weeks 4 and 5, with at least one or more of the Risk Assessment techniques used, such as a risk assessment grid or project risk picture as a minimum. Your work should clearly show the potential risks that are identified within the case study, in addition to your research on the topic and site and a clear outline of how these will be managed.

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