Project and Contract Risk Management

Below you can find a detailed description of the resit report requirements.

Task:

The learning outcomes MO1-4 will be assessed through the production of a report of 3,500 words. You are asked to critically analyse a project, assessing and mitigating its potential inherent risks by utilising project risk management tools and techniques as well as contract law maxims taught within the module. You can consider the same project you selected for the initial portfolio submission.

Consider a project that has been proposed, planned or just recently started and for which you are able to obtain sufficient amount of information/data. First, identify and categorise any potential risks for the project using a range of available analytical tools. After assessing the identified risks in more detail, determine the most critical ones. How do you think your behavioural characteristics (e.g. risk propensity, perception, attitude) influenced the assessment? Provide mitigation measures for 3-4 critical risks, relating them to the overall risk strategy you would envisage for the project. Finally, recommend how contractual terms and provisions may be utilised to judiciously allocate/mitigate a particular critical risk or some other common risk arising in such class of projects. You should aim to allocate 1000-1200 words to the contract risk considerations, with the size of other report parts left to your discretion given the emphasis you wish to put.

Your standpoint should be balanced, and the argument well-written, generously complemented with suitable references to the relevant, contemporary literature as well as referring to personal experiences, observations and insights where appropriate. The presented analysis should be based on appropriate and substantial research, which must be evidenced in the report.

The report should be 3,500 words (+/-10%), including any exhibits, tables and figures, but excluding the reference list. All figures and tables should be consecutively numbered, and captions provided.