Question: In this assignment we will examine risk identification tools and techniques as defined in the PMBOK sections 11.1 and 11.2. Keep in mind that the

In this assignment we will examine risk identification tools and techniques as defined in the PMBOK sections 11.1 and 11.2. Keep in mind that the term 'risk' simply refers to project 'uncertainty, and project 'uncertainty can refer to both opportunities and threats (PMBOK sections11.5.2.1 and 11.5.2.2). For this assignment we will attempt to propose a practical process by which 'uncertainty could be identified within a project. To help give this assignment context, you can assume that the project we are working on is a Dream House Project with a Work Breakdown Structure (WBS) that is similar to what is shown below: Dream House Project Foundation & Landscape (ID 100) Outside (D 200) Inside 0 300 Inspections OD 200) Project Management MO 500) Excavate foundation 110 101) Frame House ID 2013 Electrice (0 301) Frame ID 403) General PM do 501) Construct Foundation TD 1053 Tinish Root 0202 plumbing Ko 90 Clectrical ID 402 Klek off meeting Team building Status reporting Rough Landscaping 10 103) Install Siding ID 203 Plumbing Mechanical OD 903) RISK Management TID502 (ID 1031 Finish Landscaping TIDEO Installsoft and Faka 2011 Drwal D 300 an ID 100 Quality Management to 503 Finish Fixture 305 ID 405 Part 1 (2 marks): For this part of the assignment, you will consider the project as a whole and create a Risk Breakdown Structure (RBS) (PMBOKe Section 11.1.3.1). Note: The RBS example in the PMBOK (Figure 11-4) is a generic example, for the purposes of this assignment you are required to a customized RBS that is tailored to our Dream House Project. While your Dream House RBS may have simlar entries to the PMBOK's generic level 2 and level 3 RBS entries (and therefore may be useable), you are expected to customize and tailor the categorization of your Dream House risks categories. The RBS can either be done in diagram form (similar to the one shown in the PMBOK Figure 1:1-4) or in table form (if you don't have access to a diagramming software application)
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