BSBPMG536

Manage project risk

Assessment Answer Booklet -Task 3

Task 3

Project 1 Establish a chain of retail outlets in central Sydney and Melbourne within the next six months

Read the 'Assessment' pdf document for additional case study information, the 'Training Survey Results' document and the 'Manager Feedback' document and complete the template below.

Risk Management Evaluation Report

Introduction

Write a few sentences to introduce your report.

Effectiveness of the risk management treatment

-What was the risk and what was the treatment that was applied to treat the risk?

How effective was the treatment? Were the project objectives met? Were the new retail stores opened? Are the stores performing well? Were the training survey results positive or negative?

Effectiveness of the risk management processes and procedures

-Were the processes identified in the Task 2 risk management report effective? Were risks identified and actions taken to treat the risks?

Changed circumstances that may impact project risks

-Read the 'Manager Feedback' document.

Briefly discuss two new risks regarding the Managers skills, knowledge, training and/or ability to perform their job now (a year after their training).

Determine risk responses to changed environment

-What could be done to reduce the risk of the store managers leaving their jobs?. For each risk above, list possible responses or actions that could be implemented now to treat the risk.

Recommended improvements for application to future projects

-List at least three lessons learned and recommendations for future projects regarding Manager training, workload and work/life balance.

Email with Evaluation Report

To: CEO

Subject: Evaluation Report

Attachment:

Dear CEO,

Send an email to the CEO to send them a copy of the Evaluation report. You should introduce and summarise the contents of the attachment and seek their feedback and approval to move forward with the project.

Regards,

Your name

Email to Store Managers

To: Store Managers

Subject: Risk Management

Attachment:

Dear Store Manager,

Send an email to the Store Managers. Assume that the General Manager has given approval for you to implement two of the risk responses that you listed in your evaluation report.

Choose the responses that you feel would be most beneficial to the managers and write them a short email to inform them of this.

Regards,

Your name

Project 2 Launch new skin care products for men i.e. face wash and repairing night cream

Read the 'Assessment' pdf document for additional case study information, the 'Staff Feedback' document and the 'Customer Feedback' document and complete the template below.

Risk Management Evaluation Report

Introduction

Write a few sentences to introduce your report.

Effectiveness of the risk management treatment

-What was the risk and what was the treatment that was applied to treat the risk?

How effective was the treatment? How was the sales performance?

Were the staff survey results positive or negative?

Effectiveness of the risk management processes and procedures

-Were the processes identified in the Task 2 risk management report effective? Were risks identified and actions taken to treat the risks? How well the design of masculine packaging and the design of the retail outlet stores to be a welcoming environment for both men and women impact on sales of the men's skin care as a risk management treatment?

Changed circumstances that may impact project risks

-Outline at least two new risks a year after the new products have been introduced to the market.

Determine risk responses to changed environment

-What could be done to reduce the risk identified above?

For each risk above, list possible responses or actions that could be implemented now to treat the risk.

Recommended improvements for application to future projects

-List at least three (3) lessons learned and recommendations for future projects.

Email with Evaluation Report

To: CEO

Subject: Evaluation Report'

Attachment:

Dear CEO,

Send an email to the CEO to send them a copy of the Evaluation report. You should introduce and summarise the contents of the attachment and seek their feedback and approval to move forward with the project.

The text of the email should be in grammatically correct English and written in an appropriate (polite, business-like) style.

Regards,

Your name

Email to Store Managers

To: Store Managers

Subject: Risk Management

Attachment:

Dear Store Manager,

Send an email to the Store Managers. Assume that the General Manager has given approval for you to implement two of the risk responses that you listed in your evaluation report.

Choose the responses that you feel would be most beneficial to the managers and write them a short email to inform them of this.

The text of the email should be in grammatically correct English and written in an appropriate (polite, business-like) style.

Regards,

Your name