TMGT458 Project Management : Risk Management Strategy

TMGT458 Project Management

Questions:

Risk planning develops a risk management strategy, which includes both the process and implementation approach for the project. Each of these two considerations is of primary importance for achieving effective risk management. Early efforts should establish the purpose and objective, assign responsibilities for specific areas.

Question 1:

Identify additional technical expertise needed.

Question 2:

Describe the assessment process and areas to consider.

Question 3:

Define a risk rating approach, delineate procedures for consideration of response strategies, establish monitoring and control metrics, and define the reporting, documentation, and communication needs.

The second step in risk management is to identify risks (risk identification). This may result from a survey of the project, customer, and users for potential concerns. Some degree of risk always exists in the project, such as in technical, test, logistics, production, engineering, and other areas. Project risks include business, contract relationship, cost, funding, management, political, and schedule risks. Thirdly, risk analysis is a systematic process to estimate the level of risk for identified and approved risks.

This involves estimating the probability of occurrence and consequence of occurrence and converting the results to a corresponding risk level. The critical path method is used to estimate the minimum project duration and determine the amount of schedule flexibility on the logical network paths within the schedule model. This schedule network analysis technique calculates the early start, early finish, late start, and late finish dates for all activities without regard for any resource limitations by performing a forward and backward pass analysis through the schedule network. The critical path method is used to calculate the critical paths and the amount of total and free float or schedule flexibility on the logical network paths within the schedule model.

 
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MGT5IPM International Project: Analyse an International Project

Background 

You should by now have a good understanding of the unique characteristics of international projects. You should have a rm grasp of the way in which uncertainty impacts on a number of project management activities, in particular how the culture of international stakeholders affects the planning and execution of projects. Your task now is to analyse and critique an international project in terms of how well it is being conducted, the problem areas and possible improvements. 

Scenario 

You have been appointed by Murasaki Aircraft Corporation (MAC), a relatively new aircraft manufacturer in Japan, as the Project Director. MAC’s shareholders include parent company Murasaki Heavy Industries (MHI) 64%, Toyota Motor Corporation (10%) and Mitsubishi Corporation (10%) and Sumitomo Corporation and Mitsui & Co with minor shares. MAC is only producing Regional Jets and has no ambition to compete with Boeing and Airbus, especially since MAC is manufacturing Boeing’s 787’s wings. However, the CEO, Lisanne wishes to grow the company to the next level by entering into the medium size passenger jet market directly competing with the Big Two. She wishes to use Boeing’s 787 Dreamliner lightweight construction technology to reduce the weight of the aircraft and the partnering strategy (international consortium approach) that Boeing and Airbus employed for the 787 and A380 aircraft respectively to spread the manufacturing risks – although the partnering proved to be problematic for both companies. In order to develop the concept, Lisanne has asked you to collect as much information on the 787 and A380 projects as possible and determine what they did well and in which areas they should have paid more attention, and perhaps performed better, in order to avoid the problems that plagued their projects. Lisanne needs the information to determine how feasible her concept is from a project perspective and to ultimately build a business case to persuade the shareholders if the issues identiIed by you can be resolved. 

Read through the case study material carefully.

The scope of the task 

In effect, the CEO, Lisanne, is seeking from you: 

  1. a ‘lessons learned’ brief of the two projects, and
  1. how these learnings can be adopted into MAC’s growth ambition project. 

Firstly, you will need to critically examine what the two companies have done or may have done, at each phase of the project management cycle (initiation, planning, execution – including monitoring and control but ignoring closing) and how that led to the nal outcome. The outcome could be either positive results or negative results. As detailed information on the projects is ‘Commercial in ConMdence’, it is highly unlikely that any company-originated documents would be available in the public domain. You will need to rely on company media releases, news reports, and professional case studies for information. In some instances you will need to examine the outcome (e.g., inability to connect electric cablings between A380 aircraft modules) of the relevant project activities (e.g., engineering design) and make some assumptions as to what the companies might have done or not done in terms of following proper project management methodologies (e.g., quality plan …etc). Focus on the international context whenever you need to. This is particularly important for the second part of this task. You are working for a Japanese company, with a female CEO and your supply partners are from across the globe. What strategies are you going to recommend to your CEO to ensure MAC does not repeat Boeing’s and AirBus’ mistakes because of cultural differences and other issues that are unique to international projects?

The video on the AirBus A380 and 787 will provide a fair amount of information about the issues that both projects faced and should assist you with this task.

Your report should be presented in an essay format. It needs to look and sound professional and to be suitable for presentation in a Business Development debate.

 
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7002ICT Systems Development

Questions:

Design and Engineering 3

Working in teams of up to four, complete the following tasks:

  • Complete the following table outlining the advantages and disadvantages of each deployment approach:

Deployment Approach

Advantages

Disadvantages

Direct Deployment

Parallel Deployment

Phased Deployment

  • Arrange the following types of tests in the typical order they occur during development and deployment, and provide a description:

Order

Test Type

Description

System and Stress Testing

Integration Testing

User Acceptance Testing

Unit Testing

  • Complete the following table and outline the pros and cons of user acceptance testing:
  • Categorise the following scenarios according to whether they relate to the performance metrics of “Response Time”, “Throughput” or “Not Applicable”. Justify your answers.How long does it take a bus to complete one trip?
  1. How many passengers can a bus transport in one trip?
  2. How many trips can a bus undertake in an hour?
  3. How long does it take for a database to respond to a user query?
  4. How many simultaneous user queries can a database respond to?
  5. How long does it take for a web page to load?
  6. How long does it take for a web server to process an online credit card payment?
  7. How long does it take for a web server to process 100 online credit card payments?
  8. How many users can participate simultaneously in an eBay auction?
  9. How quickly can I download a movie to watch on Netflix?
  • Arrange the following version types in the typical order they occur during development and deployment, and provide a description:

Order

Version Type

Description

Production Version

Alpha Version

Development Version

Maintenance Version

Beta Version

Release (Gamma/Delta) Version

  • Match the development approach with its correct description.

1

Top-down development

A development order that implements low-level detailed modules first

2

Input, process, output (IPO)

Select specific use cases and order the development based on selected use cases

3

Use-case driven

A development order that implements top-level modules first

4

Bottom-up development

A development order that implements input modules first, process modules next, and output modules last

Combine all of your answers to the above questions into a single Word document. Show your completed answers to your lab demonstrator prior to leaving. Also upload your Word document via the Project Management 3 online assignment submission link.

Check with your lab demonstrator to ensure that all of your lab marks for the course are in order.

  • Work on your assignment.

7002ICT Systems Development

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FIN407 International Financial Management

Questions:

Question 1.

  • Sate whether these statements below are an example of primary market transaction or secondary market transaction.
  1. Apple Computer decides to issue additional stock with the assistance of its investment banker. An investor purchases some of the newly issued shares.
  2. IBM issues 2,000,000 shares of new stock and sells them to the public through an investment banker
  3. IBM issues 2,000,000 shares of existing stock to raise capital
  • Briefly explain how ratios can be helpful as a manager, business owner and a shareholder?

Question 2.

  • Suppose 1 year T-Bills currently yield 7.00% and the future inflation rate is expected to be constant at 3.20% per year. What is the real risk of return?
  • Suppose the real risk-free rate is 2.50% and the future rate of inflation is expected to be constant at 4.10%. What rate of return would you expect on a 5 year treasury security, assuming the pure expectations theory is valid?

Question 3.

The real risk-free rate of interest, r*, is 3% and it is expected to remain constant over time. Inflation is expected to be 2% per year for the next 3 years and 4% per year for the next 5 years. The maturity risk premium is equal to 0.1 x t -1 %, where t = the bond’s maturity. The default risk premium for a BBB-rated bond is 1.3%

  1. What is the average expected inflation rate over the next 4 years?
  2. What is the yield on a 4-year treasury bond?
  3. What is the yield on a 4-year BBB rated corporate bond with a liquidity premium of 0.5%?
  4. What is the yield on an 8-year Treasury bond?
  5. What is the yield on an 8-year BBB rated corporate bond with a liquidity premium of 0.5%?
  6. If the yield on a 9-year Treasury bond is 7.3%, what does that imply about expected inflation in 9 years?

Question 4.

For 2015, Everyday Electronics reported $22.5 million of sales and $18 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 9%, and its federal-plus-state income tax rate was 35%. What was the firm’s economic value added (EVA), That is, how much value did management add to stockholders wealth during 2015?

Question 5.

  • Dyl Inc.’s bonds currently sell for $1,040 and have a par value of $1,000. They pay a $65 annual coupon and have a 15-year maturity. What is their yield to maturity (YTM)?
  • Radoski Corporation’s bonds make an annual coupon interest payment of 7.35%. The bonds have a par value of $1,000, a current price of $1,130 , and mature in 12 years. What is the yield to maturity on these bonds?

Question 6.

  • Windsor Corporation just paid a dividend of $1.25 a share (that is Dό= $1.25). The dividend is expected to grow 8% a year for the next three years and then at 4% a year thereafter. What is the expected dividend per share for each of the next five years?
  • What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 7% of par, and a current market price of $140?

FIN407 International Financial Management

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Preparing the assignment Background Healthcare is readily embracing any technology to improve patient outcomes, streamline operations, and lower costs, but we must also consider the impact of such technology on privacy and patient care

Preparing the assignmentBackgroundHealthcare is readily embracing any technology to improve patient outcomes, streamline operations, and lower costs, but we must also consider the impact of such technology on privacy and patient care..Choose an ending to the scenario, and construct your paper based on those reflections.Choose one of the following outcomes:1. A HIPAA violation occurs, and client data is exposed to the media.2. A medication error has harmed a client.3. A technology downtime that impacts patient care occurs, and an error is made.4. A ransomware attack has occurred, and the organization must contemplate paying the ransom or lose access to patient data.Follow these guidelines when completing this assignment. Speak with your faculty member if you have questions. Include the following sections:a. Introduction – 40 points/17%• Catches attention of the reader• States purpose of the paper• Provides a narrative outline of the paper (i.e., the assignment criteria)b. HIPAA, Legal, and Regulatory Discussion – 40 points/17%• Presents evidence from recent scholarly publications to address the impact of technology on nursing care related to:• Patient privacy and HIPAA standards• Healthcare regulations• Legal guidelines on appropriate use of technologyc. Scenario Ending and Recommendations – 50 points/21%• Selects and presents one scenario ending as the focus of the assignment.• Evaluates the actions taken by healthcare providers as the situation evolved.• Recommends actions that could have been taken to mitigate the circumstances presented in the selected scenario ending.• Supports recommendations with evidence from recent scholarly publications.d. Advantages and Disadvantages – 50 points/21%• Presents evidence from recent scholarly publications to address the impact of technology on nursing care related to:• The advantages of appropriately using technology in healthcare• Risks of technology use in healthcare• Describes professional and ethical principles guiding the appropriate use of technology in healthcare.e. Conclusion and Reflections – 30 points/12%• Summarizes what new information was learned by completing this assignment.• Reflects on how this new knowledge will impact future behavior as a healthcare professional.f. Scholarly Writing and APA Format – 30 points/12%• Paper submitted as a Microsoft Word document.• Adheres to current APA formatting guidelines including proper use of:• Title page• Running head• Page numbers• Length is 4-5 pages, excluding title and reference pages.• Includes at least three (3) references that are:• From recent (within the last 5 years) scholarly sources• Cited in text appropriately• Included on an APA formatted reference page• Scholarly writing reflects:• Accurate spelling• Correct use of professional grammar• Logical organization of thoughts (mechanics)Part C ScenarioYou are working in a medical center during the COVID-19 pandemic and are experiencing several challenges. You are floated to the COVID ICU unit- this is your fourth 12-hour night shift in a row, tired and ready for your day off tomorrow. You take the assignment because the unit is short-staffed, and you know the feeling of not having proper staffing. You are the primary nurse with four patients on ventilators, vasopressors and sedation. Each patient requires an intervention- a new bag of medication, in-line suction, Foley catheter is overrunning and new STAT blood work. The electronic medical record (EMR) on your portable computer has been acting up and has been logging you off and not allowing you to finish your assessments, chart your medications or print your labels. You have all your PPE on and do not want to leave the room because you would rather chart at the bedside. Your facility allows you to use your personal phone to log onto the facility’s intranet to access the EMR. Since you are having trouble with the EMR on the portable computer, you access the EMR through your personal phone to complete your charting. While you are in between charting, you are receiving Facebook, Instagram and text notifications. You begin to look at the notifications and answer the messages while you are in between switching screens and applications on your phone for the next few hours. For some reason, your personal phone begins acting up similar to the portable computer as you chart and check your notifications.Choose one of the following outcomes and complete the scenario: 1. A HIPAA violation occurs, and client data is exposed to the media. 2. A medication error has harmed a client. 3. A technology downtime that impacts patient care occurs, and an error is made. 4. A ransomware attack has occurred, and the organization must contemplate paying the ransom or lose access to patient data..

 
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