PRM6001 – Project Management and Risk

Posted on June 16, 2022 by Cheapest Assignment

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Accounting Theory and Current Issue

Assignment Brief
As part of the formal assessment for the programme you are required to submit a Project Management and Risk assessment. Please refer to your Student Handbook for full details of the programme assessment scheme and general
information on preparing and submitting assignments.
Learning Outcomes:
After completing the module, you should be able to:
1. Critically evaluate different approaches to the management of projects, key dimensions of contractual risks and risk management strategies
2. Distinguish between types of projects and the responsibilities of those involved
3. Identify, apply and critically evaluate legal and non-legal solutions to minimise risk
4. Apply principles of leading and managing project teams to solve complex problems

Assessment Task
This assessment is worth 100% of the total marks for the module. Question
You are working in a healthcare organisation of your choice and have been asked to join the project team which is involved in introducing a new piece of equipment which will help with the lifting of patients in and out of bed. The equipment is being procured from a supplier which is not on the ‘approved supplier list’. As part of the project, the project team will need to recommend what training (if any) and maintenance contract (if any) the organisation should take out with the providing organisation. The cost of the equipment is £100,000, an annual maintenance
contract £7,000 which ensures an engineer attends within 48 hours and includes the first £100 of any repair costs or an annual service of £500.00 with a £100.00 call out charge for any repairs which are necessary. The cost of parts for both options is in addition. The cost for training each person is £500.00 a day and two people can be trained at a time. Each training session lasts half a day. Potentially, 20 members of staff will be using the equipment on a regular basis.

You have been asked to prepare a project plan which:
Task 1
Considers the type of project being proposed, the drivers for such a project and why it is necessary to be implemented (business case). Critically evaluates the choice of project lifecycles which could be adopted for this type of project and suitable methodologies which could be used if any are to be recommended. An outline timeline and budget should be included.

Task 2
Undertakes a risk assessment of the project including the procurement of equipment, maintenance and training. This should include consideration as to how the risks could be managed for all potential options. Recommendations should then be made regarding the type(s) of contract which should be used and which options for maintenance and training should be chosen.

Task 3
Consideration as to who should be included in the project team and how that team needs to be structured and managed to ensure the project is implemented successfully

You may use a proforma or template to prepare your plan but you should make use of theory and the literature within your presentation and ensure that you reference correctly including a reference list at the end.

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