EXC Project Execution

Knowledge Areas Executing Process Outputs

Project Integration Direct and manage project Deliverables

Management work Work performance data
Change Requests
Project Management Plan
Updates
Project document updates

Project Quality Management Perform Quality Assurance Planning quality management

Change Requests
Project document updates
Quality metrics

Project Human Resource Acquire Project Team Project Staff Assignments

Management Resource Calendar
Project management plan
updates

Develop project team Team performance

assessments

Manage Project Team Change Requests

Project management plan
updates
Project document updates
Organizational process
assets update

Project Communications Manage Communications Project communication

Management Project document updates
Project management plan
updates
Organizational process
assets updates

Project Procurement Conduct procurements Select sellers

Management Agreements
Resource calendars
Change requests
Project management plan
updates
Project documents updates

Project Stakeholder Manage stakeholder Issue log

Management engagement Change requests
 Project management plan
updates
Project documents updates
Organizational process
assets updates

Exc.1 Develop Risk Management Tool

Risks:
1. Security of customer information
2. Software stability
3. Internal infrastructure
4. Website Stability
5. Employing external vendors
6. Milestone Deadlines
7. Clear Objectives
8. Competent staff
9. Team cooperation

Impact

Low Medium High

High 4, 1, 2,
Probability
Medium 9 5, 6, 7

Low 8 3

Exc. 1.1

High High

Probability
I II

Low
III VI
1. Security of Customer Information Quadrant II
2. Software Stability Quadrant II
3. Internal Infrastructure Quadrant VI
4. Website Stability Quadrant I
5. Employing External Vendors Quadrant III
 6. Not Meeting Milestone Deadlines Quadrant III
7. Unclear Objectives Quadrant II
8. Incompetent Staff Quadrant III
9. Uncooperative Team I

Exc 1.2 Determine risk scoring model

Rank Risk Probability Impact

1 Security of Customer High High

Information

2 Software Stability High High

3 Internal Infrastructure Low High

4 Website Stability High Medium

5 Employing External Medium Medium

Vendors

6 Not Meeting Milestone Medium Medium

deadlines

7 Un-Clear Objectives Medium Medium

8 Incompetent Staff Low Medium

9 Uncooperative team Medium Low

EXC 1.4,1.3 Develop question categories and questions

Topic Questions to Answer Answers

Methodology How will risk management be Risk management will be

performed on this project? performed using the six major
What tools are available to processes. The first is
manage the risks? planning risk management.

Roles and responsibilities
Budget and schedule
Risk categories
Risk probability and impact
Which individuals in the bank
(and project) are responsible
for the implementation of the
specific tasks and providing
the deliverables related to
risk management?
What are the estimated cost
and schedule for performing
the risk related activities?
What are the main categories
of risks which should be
addressed for the bank?
How will the bank assess the
probabilities and impacts of
the risks? How will the bank
score these risks? Will there
be a risk matrix developed?
The output of planning risk
management is a risk
management plan. The next
process is identifying risks.
The output of this process will
be a risk breakdown
structure. The next process,
identifying risk, will be
completed through using the
Delphi technique and
interviewing the stakeholders
at Nittany Lion National Bank.
The next processes are
qualitative and quantitative
analysis. Afterwards, team
must deal with planning risk
responses, and controlling
risk.
The project team is
responsible for implementing
risk management processes
and ensuring the successful
completion of risk
management deliverables. Ife
Segun-Abugan, team
member, will manage
potential financial risks and
ensure that project budgets
meet costs.
The estimated costs and
schedule for performing risk
related activities are
$1,599,380.
The main types of risk which
should be addressed for the
bank are financial risk,
compliance risk, operational
risk, strategic risk, and
reputational risk.
The bank will assess the
probabilities and impacts of
the risks by developing a risk
management tool which will
rate the probability of each
 And if yes how will the matrix
itself be developed?
Revised stakeholders How do stakeholders of the
tolerances bank see risk?
Tracking How will the project team
track risk management? How
will the process itself be
audited?
Risk documentation How will the risk
management activities be
reported?
risk. The bank will score
these risks on a scale of 1-10
and a low, medium, and high
scale. There will be no risk
matrix developed.
The stakeholders are the
people affected by project
decisions. They will identify
risk as any change, plan, or
process that will negatively
impact their stake in the
project.
They will be able to identify
risk through prioritization and
risk analysis using
probabilistic models.
The risk management
activities will be reported by
addressing them to the bank
and the project staff.