27 May Option #1: The Recovery Plan ProjectRead the Recovery Plan projec
Option #1: The Recovery Plan ProjectRead the Recovery Plan project:Van Wyk, Bowen, & Akintoye. (2008). Project risk management practice: The case of a South African utility company (Links to an external site.). International Journal of Project Management, 26(2), 149-163.Examine the project management issues detailed in the case, including those concerning procurement, contracts, and risk management.In no more than one page, give an overview of the case and the project management issues to be covered in more detail.Discuss, in logical order, the following topics: (Note: You must determine the logical order of these topics; this is part of your grade. See the grading rubric in this week’s folder.)Risk identificationRisk assessment and prioritizationRisk response for preventionMitigation or contingent actionsThe fundamental conceptual steps used to respond to project risksThe strengths and weaknesses of the project risk management practicesIn an appendix, identify the risks and categorize each one. (This categorization is left to you; however, you might include external risks, such as regulatory and currency changes, or technical risks, such as complexity or design.) You must discuss the appendix in the body of your paper. In other words, do not simply say “see appendix,” but rather explain what the appendix covers.Discuss the prioritization of the risks identified, their severity, and the management response strategiesSubmission:Write a paper addressing the Recovery Plan project. Your paper should be 8-10 pages in length, not including the required title and references pages and the appendix.Support your paper with a minimum of three to four current scholarly sources from the CSU-Global Library (no older than five years). This is in addition to any course textbooks or lecture material you decide to use. Of course, you may always exceed the minimum number of sources.Assess and critique the risk response strategies used and identify a minimum of three new recommended risk response strategies in response to the risks identified.Format your entire paper according to the CSU-Global Guide to Writing & APA(Links to an external site.).
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