QSO 349 Module Five Activity Guidelines and Rubric Overview You will practice developing key components of successful procurement planning and management as you complete four activity assignments in this course. For the fourth activity, you will prepare a risk log.
Prompt Develop a five-column risk log for the case study that you selected for your final project using the Module Five Activity Risk Log Template, which is linked in the What to Submit section.
In your submission, address the following criteria:
Identify possible risks For each risk you identify, provide the following information: Indicate the probability of risk occurrence. Indicate the potential impact of each risk. State an appropriate response for each risk. Assign the responsibility to prevent or mitigate the risk. In two to three paragraphs, summarize the significance of a risk log for a successful procurement. What to Submit Use the Module Five Activity Risk Log Template to complete this assignment. Along with the completed log, submit a 1- to 2-page Microsoft Word document, including diagrams or spreadsheets as appropriate, with double spacing, 12-point Times New Roman font, and one-inch margins.
Module Five Activity Rubric CriteriaMeets Expectations (100%)Partially Meets Expectations (75%)Does Not Meet Expectations (0%)ValueRisk IdentificationIdentifies and prioritizes possible risks for the procurement case studyIdentifies possible risks for the procurement case study; however, risks are not clearly prioritizedDoes not identify possible risks for the procurement case study15Probability of Risk OccurrenceIndicates the probability of occurrence for each risk identifiedIndicates the probability of occurrence for each risk identified, but the basis for assigning probabilities is not explainedDoes not indicate the probability of occurrence for each risk identified15Potential Impact of RiskIndicates the potential impact of each risk identifiedIndicates the potential impact of some, but not all, of the identified risks, or the level of impact for some risks is not appropriateDoes not indicate the potential impact of any identified risks15Risk ResponseStates an appropriate response for each risk identifiedStates responses for the risks identified; however, responses are generic, vague, or illogicalDoes not state an appropriate response for each risk identified15Risk ResponsibilityAssigns the responsibility to prevent or mitigate the risk to a specific person or roleAssigns the responsibility to prevent or mitigate most but not all of the identified risks to a specific person or role, or the assignments are not appropriateDoes not assign the responsibility to prevent or mitigate any of the identified risks to a specific person or role15Significance of Risk LogDescribes the significance of a risk log to project successDescribes the significance of a risk log to project success; however, description is incomplete or unclearDoes not describe the significance of a risk log to project success15Clear CommunicationConsistently and effectively communicates in an organized way to a specific audienceShows progress toward meeting expectations, but communication is inconsistent or ineffective in a way that negatively impacts understandingShows no evidence of consistent, effective, or organized communication10Total:100%