Due: Sunday, 11:59 p.m. EST of Unit 6.
Points: 100
Overview:
In this assignment, you will produce two documents: a project risk plan and the
Procurement Plan.
The Risk Management Plan is a document that a project manager prepares to foresee
risks, estimate impacts, and define responses to issues. It also contains a risk
assessment matrix. A risk is an uncertain event or condition that, if it occurs, has a
positive or negative effect on a project’s objectives. The Procurement Management Plan
is a part of the overall Project Management Plan. The document describes how items
will be procured during the project and the approach you will use in managing vendors
on the project. The student will learn how to identify risks and respond accordingly.
Instructions:
For both the risk management plan and procurement plan, you may use the template
posted in the unit or you can use your template as long as you obtain an approval from
your instructor.
Risk Management Plan Elements:
The purpose of risk management is to identify potential problems before they occur so
that risk-handling activities may be planned and invoked as needed across the life of the
product or project to mitigate adverse impacts on achieving objectives. This plan should
include:
Processes on how to identify risks.
Processes on how to analyze identified risks.
Evaluation of risks or ranking risks.
Processes to respond to both negative and positive risks.
Monitor and review the risks.
Procurement Management Plan Elements:
Project procurement management is the creation of relationships with outside vendors
and suppliers for goods and services needed to complete a project. This process is
PMG699 – Capstone
Unit 6 Assignment: Develop Risk & Procurement Plans
comprised of five steps, including initiating and planning, selecting, contract writing,
monitoring, and closing and completing. At Minimum, your procurement plan should
include:
Introduction
Procurement methods
Procurement plan deliverables
Roles & Responsibilities
Assignment Guidelines:
Project Risk plan: Three pages in length, excluding the Title and Reference
pages.
Procurement plan: Three pages in length, excluding the Title and Reference
pages.
APA format, including in-text citations for referenced works.
Be sure to read the criteria, by which your paper will be evaluated, before you
write, and again after you write.
Evaluation Rubric for Unit 2 Assignment
CRITERIA Deficient
Needs
Improvement
Proficient
Exemplary
0-23 points 24-31 points 32-39 points 40 points
Project Risk Plan The Project Risk
Plan is not
substantial and
does not include
most of the project
risk plan
elements.
The Project Risk
Plan is not
detailed and
contains some
elements of the
identifications,
Ranking, Risk
response
strategies and risk
controls.
The Project Risk
Plan is detailed
and contains
some elements of
the identifications,
Ranking, Risk
response
strategies and risk
controls.
The Project Risk
Plan is detailed
and contains all
the required
elements.
0-26 points 27-35 points 36-44 points 45 points
Procurement
Plan
Procurement Plan
is not substantial
and does not
include most of
the elements.
Procurement Plan
includes some
elements of the
contract types
without
justifications,
seller’s selection
criteria,
justifications for
materials,
equipment, and
labor.
Procurement Plan
includes some
elements of the
contract types,
seller’s selection
criteria,
justifications for
materials,
equipment, and
labor.
Procurement Plan
is detailed and
includes contract
types, seller’s
selection criteria,
justifications for
materials,
equipment, and
labor.
0-8 points 9-11 points 12-14 points 15 points
Clear and
Professional
Writing and APA
Format
Errors impede
professional
presentation;
guidelines not
followed.
Significant errors
that do not
impede
professional
presentation.
Few errors that do
not impede
professional
presentation.
Writing and format
are clear,
professional, APA
compliant, and
error free.
