Syllabus for PJM-530

PROJECT RISK MANAGEMENT


COURSE DESCRIPTION

Project Risk Management addresses identifying, analyzing, and responding to project risk in order to maximize results of positive events and minimize the consequences of adverse events. Identification, quantification, response planning, and control are covered. Risk factors, contract types, assessment techniques, tools to quantify risk, procedures to reduce threats to project objectives and contingency are covered.

Students Please Note: Students should have successfully completed Project Management (PJM-510) and Project Leadership and Communication (PJM-520) before beginning this course.

Additional Notes: You will need access to Microsoft Excel to view some of the commentary material in this course. Also, your computer will will need to have a media player, such as Windows Media or RealPlayer, in order for you to view the videos in this course. A free download of RealPlayer is available by clicking the RealPlayer link. Follow the instructions for downloading the free player (not the SuperPass or 14-day trial).

COURSE OBJECTIVES

Upon completion of the course, students should be able to:

  1. Course Objective 1 Define and illustrate project risks.

  1. CO2 Identify and categorize potential risks in projects.

  1. CO3 Identify project risk in the areas of scope, schedule, resources, and constraint management

  1. CO4 Apply principles of both qualitative and quantitative risk assessment.

  1. CO5 Discuss risk analysis and management on both an assignment and a project level.

  1. CO6 Analyze the importance of monitoring and control to detect problems and allow adjustments during project execution.

  1. CO7 Evaluate the importance of project closure procedures in achieving success in future projects.

PMBOK Process Groups and Knowledge Areas

  1. Process groups 2, 4
  2. Knowledge areas 1

COURSE MATERIALS

You will need the following materials to do the work of the course. The required textbook is available from the College's textbook supplier, MBS Direct.

Required Textbook

  1. Tom Kendrick, Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project (New York: AMACOM, 2009).

ISBN-13: 978-0814413401

COURSE STRUCTURE

Project Risk Management is a three-credit online graduate course, consisting of five (5) modules. Modules include topics, learning objectives, study materials, and activities. Module titles are listed below.

  1. Module 1: Risk Planning

  1. Module 2: Risk Identification

  1. Module 3: Assignment Risk Analysis and Management

  1. Module 4: Project Risk Analysis and Management

  1. Module 5: Monitoring and Closure

ASSESSMENT METHODS

For your formal work in the course, you are required to participate in online discussion forums, complete written assignments, take a proctored midterm examination, and complete a final project. See below for more details.

Consult the course Calendar for due dates.

Discussion Forums

Each week you will participate in one or more online class discussion forums. All discussion forums take place asynchronously on the class Discussion Board.

Online discussions provide an opportunity for you to interact with your classmates. During this aspect of the course, you respond to prompts that assist you in developing your ideas, you share those ideas with your classmates, and you comment on their posts. Discussion board interactions promote development of a community of learners, critical thinking, and exploratory learning.

Please participate in online discussions as you would in constructive face-to-face discussions. You are expected to post well-reasoned and thoughtful reflections for each item, making reference, as appropriate, to your readings. You are also expected to reply to your classmates' posts in a respectful, professional, and courteous manner. You may, of course, post questions asking for clarification or further elucidation on a topic.

Click link for an Evaluation Rubric.

Written Assignments

You are required to complete written assignments, case studies, and exercises. The written assignments are on a variety of topics associated with the courses modules.

Final Paper

You are required at the end of the semester to submit a final paper in which you will apply a range of risk management principles to a project. Your paper will be 8 to 12 pages (2000 to 3000 words) long. Complete instructions are given in the Final Paper Assignment learning unit in the Assignment Modules area.

If you are interested in knowing how your paper will be graded, click the following link. It shows the standards for grading, telling you what would constitute an "A" paper, a "B" paper, and so on.

Click link for a Final Paper Rubric.

A Note About Research

The use of Wikipedia or other online encyclopedias for graduate-level papers is inappropriate. Aside from the uneven quality of the information that may be found in these sources, the real issue is that the information presented in these sources is "already digested." Use of such sources is an unacceptable shortcut for the graduate student. Students gathering information from these sites are essentially obtaining analyses done by someone else, not doing the work themselves. Rather than exploring the literature on a subject, such students are merely using the words of others who have already taken this vital step in academic research. It is imperative that graduate students be able to search the more academically-oriented literature, sift through useful (and not so useful) information, analyze, synthesize, and report the results of their assignments. All of these steps are bypassed if information is cited from an online site such as Wikipedia. To sum up: Using information summarized or annotated by someone else is an unacceptable shortcut for a graduate student.

GRADING AND EVALUATION

Your grade in the course will be determined as follows:

  1. Online discussions10%
  2. Written assignments20%
  3. Case studies20%
  4. Exercises15%
  5. Final paper35%

All activities will receive a numerical grade of 0–100. You will receive a score of 0 for any work not submitted. Your final grade in the course will be a letter grade. Letter grade equivalents for numerical grades are as follows:

A

=

93–100

B–

=

80–82

A–

=

90–92

C+

=

78–79

B+

=

88–89

C

=

73–77

B

=

83–87

F

=

Below 73

To receive credit for the course, you must earn a letter grade of C or higher on the weighted average of all assigned course work (e.g., assignments, discussion postings, projects, etc.). Graduate students must maintain a B average overall to remain in good academic standing.

STRATEGIES FOR SUCCESS

First Steps to Success

To succeed in this course, take the following first steps:

  1. Read carefully the entire Syllabus, making sure that all aspects of the course are clear to you and that you have all the materials required for the course.

  1. Take the time to read the entire Online Student Handbook. The Handbook answers many questions about how to proceed through the course, how to schedule exams, and how to get the most from your educational experience at Thomas Edison State College.

  1. Arrange to take your examinations by following the instructions in this Syllabus and the Online Student Handbook.

  1. Familiarize yourself with the learning management systems environment—how to navigate it and what the various course areas contain. If you know what to expect as you navigate the course, you can better pace yourself and complete the work on time.

  1. If you are not familiar with Web-based learning be sure to review the processes for posting responses online and submitting assignments before class begins.

Study Tips

Consider the following study tips for success:

  1. To stay on track throughout the course, begin each week by consulting the course Calendar. The calendar provides an overview of the course and indicates due dates for submitting assignments, posting discussions, and scheduling and taking examinations.

  1. Check the Announcements page and class Discussion Board regularly for new course information.

ACADEMIC INTEGRITY

Thomas Edison State College expects all of its students to approach their education with academic integrity—the pursuit of scholarly activity free from fraud and deception. All mentors and administrative staff members at the College insist on strict standards of academic honesty in all courses. Academic dishonesty undermines this objective. Academic dishonesty takes the following forms:

  1. Cheating
  2. Plagiarizing (including copying and pasting from the Internet without using quotation marks and without acknowledging sources)
  3. Fabricating information or citations
  4. Facilitating acts of dishonesty by others
  5. Unauthorized access to examinations or the use of unauthorized materials during exam administration
  6. Submitting the work of another person or work previously used without informing the mentor
  7. Tampering with the academic work of other students

Academic dishonesty will result in disciplinary action and possible dismissal from the College. Students who submit papers that are found to be plagiarized will receive an F on the plagiarized assignment, may receive a grade of F for the course, and may face dismissal from the College.

A student who is charged with academic dishonesty will be given oral or written notice of the charge. If a mentor or College official believes the infraction is serious enough to warrant referral of the case to the academic dean, or if the mentor awards a final grade of F in the course because of the infraction, the student and the mentor will be afforded formal due process.

If a student is found cheating or using unauthorized materials on an examination, he or she will automatically receive a grade of F on that examination. Students who believe they have been falsely accused of academic dishonesty should seek redress through informal discussions with the mentor, through the office of the dean, or through an executive officer of Thomas Edison State College.

Plagiarism

Using someone else's work as your own is plagiarism. Although it may seem like simple dishonesty, plagiarism is against the law. Thomas Edison State College takes a strong stance against plagiarism, and students found to be plagiarizing will be severely penalized. If you copy phrases, sentences, paragraphs, or whole documents word-for-word—or if you paraphrase by changing a word here and there—without identifying the author, then you are plagiarizing. Please keep in mind that this type of identification applies to Internet sources as well as to print-based sources. Copying and pasting from the Internet, without using quotation marks and without acknowledging sources, constitutes plagiarism. (For information about how to cite Internet sources, see Graduate Online Student Handbook > Academic Standards > "Citing Sources.")

Accidentally copying the words and ideas of another writer does not excuse the charge of plagiarism. It is easy to jot down notes and ideas from many sources and then write your own paper without knowing which words are your own and which are someone else's. It is more difficult to keep track of each and every source. However, the conscientious writer who wishes to avoid plagiarizing never fails to keep careful track of sources.

Always be aware that if you write without acknowledging the sources of your ideas, you run the risk of being charged with plagiarism.

Clearly, plagiarism, no matter the degree of intent to deceive, defeats the purpose of education. If you plagiarize deliberately, you are not educating yourself, and you are wasting your time on courses meant to improve your skills. If you plagiarize through carelessness, you are deceiving yourself.

For examples of unintentional plagiarism and advice on when to quote and when to paraphrase, click the links provided below.

Examples of Unintentional Plagiarism

When to Quote and When to Paraphrase

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