Assessment 6 Instructions: High-Risk / Complex Project Management Articulate how you would prepare for managing a high-risk, high-profile project. Introduction Large projects use the same project management techniques as small projects. As you gain expertise in project management, you are likely to successfully use these same techniques to manage larger and more risky projects and programs. How does the process change when you are dealing with a high-risk project? You will now shift away from the project plan you built in Assessments 1 through 5. This time you will write a brief research report (two to three pages) explaining how you would adapt your process when the stakes increase. More specifically, how would you plan for risk if you were the project manager for a team at a technology corporation developing a personal security device? To give you an opportunity for some hands-on experience with a high-risk project, this assessment includes two interactive simulations: CapraTek: Quantitative Risk Analysis. CapraTek: Risk Audit Report. After completing these two simulations, and using your own research about high-risk project management, you will describe how you would manage this complex situation. Preparation This Assessment has two required CapraTek simulations for you to complete before you begin your research paper. Complete the following two interactive simulations. Both address the same project: your team is developing a personal security device. CapraTek: Quantitative Risk Analysis. CapraTek: Risk Audit Report. Directions Each project has different levels of risk and visibility within a company. When a project manager is working on a high-risk or a more complex project, it is important to know how to manage it and who should be involved to prevent failure. Based on your experience with the interactive CapraTek simulations, what might you do to prepare for managing a high-risk, high-profile project? As you describe your methods, please be sure to reference not only the CapraTek simulations, but also to support your conclusions by referencing relevant professional sources. Course Navigation Tutorials Support Log Out Tyrone Toney 7 4/14/22, 9:57 AM Assessment 6 Instructions: High-Risk / Complex Project … https://courserooma.capella.edu/webapps/blackboard/content/listContent.jsp?course_id=_360739_1&content_id=_11094426_1 2/2 1. How would you adapt your approach to quantitative risk analysis to suit a high-risk or more complex project, such as CapraTek’s development of the personal security device? 2. How should the risk audit report for a high-risk project differ from one you would create for a lower-stakes project? 3. What other vital preparations would you make if you were project managing a high-risk task? Review the High-Risk/Complex Project Management Scoring Guide to ensure you have met all of the criteria for this assessment. Best practice for all of the questions listed above is to support your ideas with examples from CapraTek scenarios and also with current research. Competencies Measured By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria: Competency 1: Apply the principles of project risk management within the context of business and information technology projects. Describe best practices in preparing for a high-risk task. Competency 3: Apply risk management planning principles to navigate an optimal risk management response plan. Adapt an approach to quantitative risk analysis to suit a high-risk project. Distinguish the strategy for building the risk audit report for a high-risk project from that of a lower-risk project. Competency 5: Communicate effectively. Communicate in a manner that is professional and consistent with expectations for members of the project management profession. SCORING GUIDE Use the scoring guide to understand how your assessment will be evaluated. VIEW SCORING GUIDE