|Module title||Procurement Risk and Contract Management|
|Assessment title||Assignment 1: Risk Management|
|Weighting within module||This assessment is worth 50% of the overall module mark.|
|Submission deadline date and time||See OnlineCampus|
|Module Leader/Assessment set by Module Leader & Assessment set by: Dr. Kevin Kane|
|How to submit You should submit your final assessment via OnlineCampus for grading no later than the submission deadline.|
|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 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) 20/100You 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). 20/100You 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). 20/100For each risk you should produce a risk action plan in the following format (150 words max per risk) 30/100 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.|
|Assessed intended learning outcomes On successful completion of this assessment, you will be able to: Knowledge and Understanding On successful completion of the module the student will be able to: Locate, synthesise and critically evaluate recent/current information from a wide range of published literature in the area of Project Risk and Procurement Management. Apply knowledge of the theory and practice of Project Risk and Procurement Management to develop insights into and solve current problems. Critically evaluate the use of complex models of Project Risk and Procurement Management; systematically and creatively making sound judgements based on the systematic analysis and creative synthesis of ideas. Critically and effectively assess the value of theories, concepts and models to the practice of Project Risk and Procurement Management. Practical, Professional or Subject Specific Skills Leads by example – as high levels of self-awareness, emotional and social intelligence, empathy and compassion, and able to identify mental well-being in others. Work collaboratively enabling empowerment and delegation – acts with humility and authenticity, is credible, confident and resilient. Judgement and Challenge – Takes personal accountability aligned to clear values. Demonstrates flexibility and willingness to challenge when making decisions and solving problems – instils confidence demonstrating honesty, integrity, openness, and trust. Courage & Curiosity – is confident and brave, willing to innovate, seeks new ideas and looks for contingencies. Manages complexity and ambiguity, comfortable in uncertainty, and is pragmatic. Valuing Difference – engaging with all, is ethical and demonstrates inclusivity, recognising diversity, championing, and enabling cultural inclusion. Empowers and motivates to inspire and support others. Professional Reflects on own performance, demonstrates professional standards in relation behaviour and ongoing development. Advocates the use of good practice within and outside the organisation. Transferable Skills and other Attributes Develop their critical skills, especially in relation to published literature in the field.Work independently and with others in analysing and presenting solutions to Project Risk and Procurement Management problems.Locate and synthesise information from a range of published literature and electronic sources and present this effectively in both oral and written forms.Take responsibility for personal learning and continuous professional development.Make decisions in complex and unpredictable situations.|
|Module Aims Allow students to develop an in-depth understanding of Project Risk and Procurement Management.Provide students with an overview of project risk in order to maximize the probability and consequences of positive events and to minimize the probability and consequences of adverse events to project objectives.Provide students with the skills to effectively manage procurement processes in a multitude of environments.|
|Word count/ duration (if applicable) The maximum word count is 3000 words (+/- 10%). Your word count is from the introduction to conclusion sections. Therefore, it does not include title page, contents page, reference section, appendices etc. If the assignment exceeds these limits; the work in excess of 3000 is not marked.|
|Feedback arrangements You can expect to receive feedback Two working weeks (excluding University Seasonal Closing) after the submission date.Please email should you require specific feedback following the release of your results.|
|Support arrangements You can obtain support for this assessment by attending your module lectures and class discussions. askUS The University offers a range of support services for students through askUS. Good Academic Conduct and Academic Misconduct Students are expected to learn and demonstrate skills associated with good academic conduct (academic integrity). Good academic conduct includes the use of clear and correct referencing of source materials. Here is a link to where you can find out more about the skills which students require http://www.salford.ac.uk/skills-for-learning. Academic Misconduct is an action which may give you an unfair advantage in your academic work. This includes plagiarism, asking someone else to write your assessment for you or taking notes into an exam. The University takes all forms of academic misconduct seriously. You can find out how to avoid academic misconduct here https://www.salford.ac.uk/skills-for-learning. Assessment Information If you have any questions about assessment rules, you can find out more here. Personal Mitigating Circumstances If personal mitigating circumstances may have affected your ability to complete this assessment, you can find more information about personal mitigating circumstances procedure here. Student Progression Administrator If you have any concerns about your studies, contact your StudentCare at email@example.com|
|Assessment Criteria Marking Scheme Criteria Marks Identification of risks 20 Assessment of risks 20 Mapping of risks 20 Action Planning 30 Citation and References 10 This is the Level 7 undergraduate Generic Grade Descriptors for ‘Knowledge’ Outstanding – 100-90 Outstanding knowledge. Theory is linked to practice to an exceptional level and may be used to formulate new questions, ideas or challenges.Excellent – 80-89Integrates the complexity of a range of knowledge and excellent understanding of its relevance.Excellent depth of knowledge in a variety of contexts. Coherent and systematic application of theory to practiceVery Good – 70-79Comprehensive knowledge demonstrating very good depth and breadth. Clear insight into links between theory and practice. Demonstrates ability to transfer knowledge between different contexts appropriately. Consistently accurate level of knowledge in depth and breath. Good – 60-69Consistently relevant accurate knowledge with good depth and breadth. Clear and relevant application of theory to practice. Good identification of key themes. Good demonstration of depth and breadth of knowledge. Fair – 50-59Mostly accurate knowledge with satisfactory depth and breadth of knowledge. Sound integration of theory and practice with satisfactory identification of key themes. Fair demonstration of depth and breadth of knowledge.Adequate – 40-49Basic knowledge with occasional inaccuracies appropriate yet basic integration of theory and practice. Superficial depth or limited breadth with unsatisfactory identification of key themes. Basic knowledge demonstrated with some inaccuracies. Unsatisfactory – 30-39Limited evidence of knowledge. Inappropriate links between theory and practice.Inadequate identification of key themes.Poor – 20-29Inconsistent or inaccurate knowledge. Limited and inappropriate or inaccurate links between theory and practice. Poor identification of key themes.Very Poor – 10-19Virtually no relevant knowledge demonstrated. Fails to adequately demonstrate links between theory and practice. Very poor identification of key themes.Extremely Poor – 1-9 Totally inadequate demonstration of required knowledge. Not able to link theory to practice. No appropriate themes identified. You should consult Level 7 Generic Grade Descriptors for detailed grade/mark descriptors. |
Criterion / Mark range 90-100 80-89 70-79 60-69 50-59 40-49 0-39 Overall level (indicative – not for grading) Standard comparable to journal publication Standard comparable to conference paper publication Distinctive work for Masters level Merit work for Masters level Acceptable for Masters Below Masters pass standard Significantly below Masters pass standard Scope Outstanding clarity of focus, includes what is important, and excludes irrelevant issues. Excellent clarity of focus, boundaries set with no significant omissions or unnecessary issues. Clear focus. Very good setting of boundaries includes most of what is relevant. Clear scope and focus, with some omissions or unnecessary issues. Scope evident and satisfactory but with some omissions and unnecessary issues. Poorly scoped, with significant omissions and unnecessary issues. Little or no scope or focus evident. Understanding of subject matter Outstanding with critical awareness of relevance of issues. Outstanding expression of ideas. Excellent with critical awareness of relevance of issues. Excellent expression of ideas. Very good with critical awareness of relevance of issues. Outstanding expression of ideas. Good with some awareness of relevance of issues. Ideas are expressed, with some limitation. Basic with limited awareness of relevance of issues. Limited expression of ideas. Poor with little awareness of relevance of issues Little or no understanding of subject matter is demonstrated. Literature Comprehensive literature review. Evaluation and synthesis of source material to produce an outstanding contribution. Excellent independent secondary research. Sources are evaluated and synthesized to produce an excellent contribution. Very good independent secondary research. Sources are evaluated and synthesized to produce a very good contribution. Good secondary research to extend taught materials. Evidence of evaluation of sources, with some deficiencies in choice and synthesis. Limited secondary research to extend taught materials. Limited evaluation of sources, deficiencies in choice and synthesis. Little or no extension of taught materials. Poor choice and synthesis of materials. Poor use of taught materials. No synthesis. Critical analysis based on evidence Standard of critical analysis – showing questioning of sources, understanding of bias, independence of thought Excellent standard of critical analysis – excellence in questioning of sources, understanding of bias, independence of thought A very good standard of critical analysis. Sources are questioned appropriately, and a very good understanding of bias, showing independence of thought Critical analysis with some questioning of sources, understanding of bias, independence of thought. Analysis evident but uncritical. Sources are not always questioned, with limited independence of thought. Little or no analysis. No valid analysis. Structure of argument, leading to conclusion Well structured, compelling and persuasive argument that leads to a valuable contribution to the field of study, paving the way for future work Argument has excellent structure and persuasiveness, leading to very significant insights and relevant future work. Well-structured and persuasive argument Insightful conclusion draws together key issues and possible future work. Structured and fairly convincing argument leads to conclusion that summarises key issues. Argument has some structure and development towards conclusion with limitations in summary of issues. Argument is unstructured, no recognizable conclusion. No evidence of argument or conclusion.
|In Year Retrieval Scheme Your assessment is not eligible for in year retrieval.|
If you fail your assessment, and are eligible for reassessment, you will need to resubmit in a date that will be notified to you. For students with accepted personal mitigating circumstances, this will be your replacement assessment attempt. Students should be aware that there is no late submission period at reassessment (this includes those students who have an accepted PMC request from a previous attempt). If a student needs to be reassessed, s/he will be given a new assignment brief with a deadline, which will be provided by the School.
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