Project Risk Management

Explain concisely in your own words what you believe are the key frameworks, associated concepts, principles and other relevant features of a PUMP approach to project risk management in the execution and delivery strategy shaping stage of a project’s lifecycle. Compare these frameworks, concepts, principles and other features with the PMI PMBOK approach if you find this helpful, but focus on the PUMP approach. Use examples to illustrate your discussion if you wish, but concentrate on basic frameworks, concepts and principles. This part of your essay will be a largely descriptive summary of your interpretation of the lectures and associated reading. It will demonstrate your grasp of the central core of the module’s material as a whole, and should be approached with a view to demonstrating this understanding. Part 2, about 30% of the total marks using about 900 words maximum For one of the phases of the PUMP approach discussed in part 1 explain concisely in your own words what you believe are the key features, elaborating your part 1 answer and avoiding repetition. Briefly explain whyyou chose the phase selected. Your discussion should demonstrate your ability to understand a particular area of the module material in depth, based on selective reading, critical analysis and the case study exercises. Concentrate on concepts and principles, but if you find it useful you may employ comparisons with the PMI PMBOK approach or any other form of common practice you are familiar with, and you can make use of the Samdo or Transcon case studies or other examples if you believe this is helpful. Part 3, about 30% of the total marks using about 900 words maximum Answer either option (a) or option (b) below, beginning by briefly explaining your choice. (a) For another phase of the PUMP approach discussed in part 1, not addressed in part 2, explain concisely in your own words what you believe are the key features, elaborating your part 1 answer and building on your part 2 answer, avoiding repetition. As in part 2 your discussion should demonstrate your ability to understand a particular area of the module material in depth, based on selective reading, critical analysis and the case study exercises, concentrating on concepts and principles. (b) Formulate and then answer a question which you believe demonstrates your overall understanding of what this module is about better than option (a) above.      

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