FORMATIVE ASSESSMENT $2[100$ MARKS$]$

Read the scenario below and answer ALL questions that follow

PROJECT TASK

The office of the South African state president has been experiencing electricity interruptions due to load shedding being

administered by Eskom. Our president has requested that a backup electrical system be installed in the building so as to

provide electricity especially during load shedding. When the back$-$up system is installed, our state president$$s office will

have electricity $24$ hours a day including during load shedding and any electricity interruptions times. As a project manager

at our president$$s office, you have been tasked to manage the back$-$up project end to end. Your mandate as a project

manager, amongst others, is to ensure that the risks associated with the project is managed well so as to deliver the project

within time, budget, resources and quality.

GENERAL COMMENTS

Marks in the project assessment are primarily awarded for the application of the relevant theory to the requirements of the

assessment. Merely reproducing theory is deemed inadequate. The ability to undertake and reflect on research is a key

component to the assessment. The assessment will be assessed in accordance with the following general criteria:

$1.$ Presentation

$2.$ Organisation

$3.$ Analysis and application of theory

$4.$ Relevance

$5.$ Coherence

$6.$ References

The expected response to the assessment is outlined above. However, the depth of the theory is such that students may

provide answers that may vary. The assessment is therefore assessed by the marker in terms of the relevant theory and

marked accordingly. The responses provided by students may not in their entirety be reflected in the marking guide, but

could be a satisfactory response to the question. Students are given full recognition for this.

QUESTION $1(20$ Marks$)$

Choose a ONE $(1)$ project risk identification technique and apply it to the project accordingly.

QUESTION $2(20$ Marks$)$

The director has requested that you provide him with a list of all the risks associated with the project. Identify AT LEAST

FIVE $(5)$ risks associated with the project and analyse each of them fully. Thereafter, record them on a risk register with all

the details fully populated.

QUESTION $3(20$ Marks$)$

Apply the project risk management principles to the project, in order to mitigate against the associated risks.

QUESTION $4(20$ Marks$)$

Analyse the benefits of implementing project risk management that may be derived for the project.

QUESTION $5(20$ Marks$)$

Refer to the general topics that any risk management plan should address. Apply the topics addressed in a risk

management plan and relate these topics to the project.