Procurement, Contracts, and Risk Management Assignment | Professional Writings

Loch, C. H. (2005).The PCNet Project: Project risk management in an IT integration project. Product # Ins549-PDF-ENG. From HBR: https://hbsp.harvard.edu/tu/01d78d35 (Links to an external site.)

1. Examine the project management issues detailed in the case, including those concerning procurement, contracts, and risk management.
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5. In no more than one page, give an overview of the case and the project management issues to be covered in more detail.
6. Discuss, in a logical order, the following topics: (Note: You must determine the logical order of these topics; this is part of your grade. See the grading rubric in this week’s folder.)
   • Risk identification
   • Risk assessment and prioritization
   • Risk response for prevention
   • Mitigation or contingent actions
   • The fundamental conceptual steps PCNet used to respond to project risks
   • The strengths and weaknesses of the project risk management practices
7. Discuss why unforeseen problems are accumulating at the end of the case, in spite of efforts to contain them.
8. Discuss the impact of project work that is spread across different countries, and whether the result was worth the heavy investment required to implement the system.
9. In an appendix, identify the risks and categorize each one. (This categorization is left to you; however, you might include external risks, such as regulatory and currency changes, or technical risks, such as complexity of design.) You must discuss the appendix in the body of your paper. In other words, do not simply say “see appendix,” but rather explain what the appendix covers.
   1. Discuss the prioritization of the risks identified in #6 above, their severity, and the management response strategies.
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