Risk Analysis case as a part of project management course
Budget: $30 – $250 USD
This case deals with the impact of risks and uncertainties on project timing, and on project budget
and how to evaluate contingency plans to determine an optimal recommendation. You can use MS
Project to prepare your schedules though it is equally easy to do the schedules by hand or even use
VISIO or Excel. New users of MS Project may find it helpful to create separate files for each of the
four proposals. Your overall goal is to make recommendations based on expected costs (and
expected profitability) of each proposal.
Use the information in the Appendix to the case to identify the sequencing of tasks as well
as any task dependencies for each proposal and prepare your project schedules.
Think about how each of the uncertain events identified in the case might affect the
duration for the project under each proposal.
Each of the uncertain events has specific costs and probabilities associated with it. Consider
how these will affect the budget (and profitability) associated with each proposal.
In your narrative analysis, evaluate and compare each of the alternatives with consideration
of the occurrence/nonoccurrence of the uncertain events, and specifically address the four
questions at end of the case. Use sufficient detail and include calculations to justify and
support your recommendation/rejection of each proposal.
Wherever possible, supplement your narrative with diagrams, charts, or tables to aid
management’s understanding of your comparison and conclusions.
Submit a Word document with the diagrams inserted within the document.
and how to evaluate contingency plans to determine an optimal recommendation. You can use MS
Project to prepare your schedules though it is equally easy to do the schedules by hand or even use
VISIO or Excel. New users of MS Project may find it helpful to create separate files for each of the
four proposals. Your overall goal is to make recommendations based on expected costs (and
expected profitability) of each proposal.
Use the information in the Appendix to the case to identify the sequencing of tasks as well
as any task dependencies for each proposal and prepare your project schedules.
Think about how each of the uncertain events identified in the case might affect the
duration for the project under each proposal.
Each of the uncertain events has specific costs and probabilities associated with it. Consider
how these will affect the budget (and profitability) associated with each proposal.
In your narrative analysis, evaluate and compare each of the alternatives with consideration
of the occurrence/nonoccurrence of the uncertain events, and specifically address the four
questions at end of the case. Use sufficient detail and include calculations to justify and
support your recommendation/rejection of each proposal.
Wherever possible, supplement your narrative with diagrams, charts, or tables to aid
management’s understanding of your comparison and conclusions.
Submit a Word document with the diagrams inserted within the document.