I need help with this midterm. I'd like to have it no later than by 7/5 at 10PM.
I need help with this midterm. I’d like to have it no later than by 7/5 at 10PM.
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PMAN 637Summer Semester 2017 Mid-Term ExaminationInstructions:Do not discuss the mid-term with your team members or anyone else. The mid-term is anopen book exam.When quoting a reference, use proper APA style citations (Author, Year of publication,page#) after any brief quote and then the full reference at the end of the exam.If you have a question ofclarification, post it in the whole class Session 7 discussion “Mid-Term Exam” area and I will answer forall the class.There is a seven page limitfor this evaluation exam.No discussion with your team or classmembers is permitted during exam time.Your exam is due in your Assignment FolderMonday morning10amEST, July 10.Cite onlyreferences from our course readings, sessions 1-6. Don’t forget to put yournameon the top of the exam!No late exams accepted.Use double spacing and only 12 pointfont.Thank you!This is a 20 point examina±onQuestion 1(six points/2 points per question):On slide 23 of the PowerPoint assigned Session 2there is a list of risk analysis tools and techniques to be mastered this semester(seehttp://www.ashraf.co/attachments/article/74/PMP-CH09-Risk-Mgmt.pdf)a)Each person needs to be able to read a Probability & Impact scale.Drawing from the worldwidestandardsPMBOK Guidescale, Figure 11-1 (PMI, 2013, p.318), what percentage is a high riskif a project scope is reduced and “unacceptable to sponsor”?b)On p.21 of the PowerPoint presentation, risk “prioritization” is defined as part of the overallqualitative risk analysis process.How do the authors Baccarini & Archer (2001) describe thisprocess in the Australian case study they analyze?c)Pareto charts are method of plotting data by “frequency” of occurrence.In your words (thearticle on PERIL databases will guide you with examples), why would such a bar chart be usefulfor a PM reporting status of several project risk areas to their internal stakeholders?Question 2(four points):Review the Risk Register/probability and impact ratings below.There are several mistakes in “describing” what a risk is, which would create flaws in ratingthese.Note that the color-coded risk rating scale at the bottom of this table iscorrect!In yourone paragraph response, define risk correctly and cite two readings which would aide a PM tocorrectthis Risk Register and probability & impact assessment.
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Question Two continued.RiskIDRiskRisk TypeProbabilityImpactTotalRiskLevel1Secure financesOrigination.4122Procure medicationPM34123Recruit volunteersPM andOrg.234Procure medicalequipmentTechnical3395Transport volunteersOrg. andPM1336Establish 2 rural clinicsand 1 treatment facilityTechnicaland PM337Train volunteersOrg and PM23RATING SCALEProbability44812160 – 5Low3369126 – 10Medium2246810 – 16High112341234Impact
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