Procurement risk and contract management

Assessment task details and instructions
You are required to produce a risk assessment for the Yang Sing Hotel Project. In your risk assessment you are required to
a.Identify the risks facing the project (both threats and opportunities) – explaining how you determined the risks and what methods you could use: no more than 10 significant risks should be identified and you should include a justification of the selection of these risks.(300 words max) 20/100
b.You must then analyse each risk giving an indication of the probability/likelihood and impact/consequence of each risk on the project objectives. Your estimation of probability must give the evidence for your risk score from a reliable/reasonable data source and your estimate of impact must be based on a reasoned calculation of cost/profit (300 words max). 20/100
c.You must map each risk onto a risk matrix which indicates the risk appetite of the project owners. You should justify the risk appetite you have identified (200 words max plus diagram). 20/100
d.For each risk you should produce a risk action plan in the following format (150 words max per risk) 30/100

e.You should reference your sources in Harvard format (10 marks)

• Allocation of credit and sources used; (have I included references and citations to the material I have used?);
• Clarity of argument and relevance to the project management context
• Overall report presentation including spelling and grammar;
• Adherence to nominated word limit.
This coursework should follow a structured approach and should be prepared and presented as a professional business report. You should undertake a relevant literature review that helps inform your investigation. Please also ensure that the Harvard Referencing System is adhered to and fully complied with.

NB:
Please add your student identity number to the header of each page of your report.
Please ensure you put your word count on your title page.
University lateness and plagiarism rules apply.

Please follow a report format. Therefore, you should have a title page, contents page, sections and sub sections, page numbers, appendix section etc. Please note if you are uncertain on how to present and structure a report then visit the university library and ask for assistance.

Please do use diagrams, illustrations, tables, graphics etc. wherever these are helpful, and remember that these do not count towards your word limit. If you do use these, please do not put them in the appendices if they are part of your discussion. Appendices are the appropriate places to put supporting material, however, remember if the reader is satisfied with the main points of your discussion; the supporting information within the appendices may not even be reviewed.

Please try to use theory explicitly at all stages, but do not spend too much time describing a theory. While you must be explicit about the theories, models, techniques etc. that you use, you can assume that the reader is familiar with them. What the reader requires is evidence of your ability to understand and apply the theory and learn from in order to support the development of your findings and/or ideas.
You must cite all sources on which you have relied, for example textbooks, journal articles, web pages etc. using the Harvard Bibliographic referencing system. If you do not cite all sources, then you may be accused of plagiarism, and that may endanger your success in passing the module. If you are in any doubt about how to reference your work, please review the Induction section on academic malpractice and ask your tutor for guidance.
You will also need to take the following into account when completing your
assignment:

• Establishment of relevant theory and allocation of credit and sources used.
• Clarity of argument.
• Overall report presentation including spelling and grammar.
• Adherence to nominated word limit (+/- 10%)
• Word processed – TNR 12, 1.5 spaced, Harvard Referencing System.