Simplilearn Training Peer Response

you must also post at least one substantive reply to a colleague’s post in – 200 to 300 words.When citing resources, don’t forget to use in-text citations and a reference citation at the end using proper APA style. Please consult Purdue’s Online Writing Lab (OWL) website or your APA guide to assist you. See: OWL APA Style Guide for assistance.

Williamson_6.1_Question #2

TOOLS AND TECHNIQUES:

In addition to risk audits, Simplilearn Training identifies four other monitoring tools and techniques as below are two (SimplilearnTraining, 2012):

Risk assessment
Variance and trend analysis
Reserve analysis
Status meetings
Risk assessment is a step in a risk management procedure that “identify, categorize, prioritize, and mintage or avoid risks ahead of time (Chandana, 2017).”

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Variance and trend analysis is a comparing planned to actual results to identify trends that can be analyzed for possible deviation from cost and schedule targets (Clarizen Team , 2013).

Reserve analysis, costs are planned during the planning phase of the project. Depending on the company and how they budget for reserves is organized, the PM may use the allotted amount, or they may have to request an increase if they do not have enough (Hall, 2019).

Status meetings, risk managers need to engage the team, stakeholders, and others involved in the project to clearly state and identify purpose (Hall, 2019).

Workarounds are problems that were not identified/planned for and are worked not part of the contingency plan (Fichtner, 2019). An example is planning for a construction project, but in the middle of the project an unidentified gas line is found putting the plan on hold. This was not identified in the contingency plan but working around the issue by calling in the gas company to move or inspect the line for potential hazards and moving forward with least amount of delay.

A contingency plan is part of the potential risks identified that pose a significant thread to the project (Fichtner, 2019). An example of contingency plan is similar scenario, construction site and project are underway when the weather turns for the worst and additional time, resources, and cost are needed to frost now. It was planned for and the additional time and costs do not impact the major timeline or end cots.

Tracking the project “temperature” or performance is important for the PM. Identifies value and performance of the project and those involved. Used in metrics for performance improvements and to acknowledge the positives and negatives of the project. Monitoring these areas throughout the project life cycle, can remedy areas that need improvement or congratulate where needed.

References
Chandana. (2017, March 15). Risk Assessment in Project Management. Retrieved from Simplilearn : https://www.simplilearn.com/risk-assessment-projec…

Clarizen Team . (2013, June 13). Risk Management – Useful Tools and Techniques. Retrieved from Clarizen Success : https://success.clarizen.com/hc/en-us/community/po…

Fichtner, C. (2019). Retrieved from PM PrepCast : https://www.project-management-prepcast.com/131-pm…

Hall, H. (2019). 6 Tools and Techniques for Controlling Risks. Retrieved from The Project Risk Coach : https://projectriskcoach.com/6-tools-and-technique…

SimplilearnTraining. (2012, March 1). Monitor and Control Risk | Project Risk Management | PMP Certification Trainin

You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.

Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.

Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.

The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.

ADDITIONAL INSTRUCTIONS FOR THE CLASS

Discussion Questions (DQ)

Initial responses to the DQ should address all components of the questions asked, include a minimum of one scholarly source, and be at least 250 words.
Successful responses are substantive (i.e., add something new to the discussion, engage others in the discussion, well-developed idea) and include at least one scholarly source.
One or two sentence responses, simple statements of agreement or “good post,” and responses that are off-topic will not count as substantive. Substantive responses should be at least 150 words.
I encourage you to incorporate the readings from the week (as applicable) into your responses.

Weekly Participation

Your initial responses to the mandatory DQ do not count toward participation and are graded separately.
In addition to the DQ responses, you must post at least one reply to peers (or me) on three separate days, for a total of three replies.
Participation posts do not require a scholarly source/citation (unless you cite someone else’s work).
Part of your weekly participation includes viewing the weekly announcement and attesting to watching it in the comments. These announcements are made to ensure you understand everything that is due during the week.

APA Format and Writing Quality

Familiarize yourself with APA format and practice using it correctly. It is used for most writing assignments for your degree. Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for APA paper templates, citation examples, tips, etc. Points will be deducted for poor use of APA format or absence of APA format (if required).
Cite all sources of information! When in doubt, cite the source. Paraphrasing also requires a citation.
I highly recommend using the APA Publication Manual, 6th edition.

Use of Direct Quotes

I discourage overutilization of direct quotes in DQs and assignments at the Masters’ level and deduct points accordingly.
As Masters’ level students, it is important that you be able to critically analyze and interpret information from journal articles and other resources. Simply restating someone else’s words does not demonstrate an understanding of the content or critical analysis of the content.
It is best to paraphrase content and cite your source.

LopesWrite Policy

For assignments that need to be submitted to LopesWrite, please be sure you have received your report and Similarity Index (SI) percentage BEFORE you do a “final submit” to me.
Once you have received your report, please review it. This report will show you grammatical, punctuation, and spelling errors that can easily be fixed. Take the extra few minutes to review instead of getting counted off for these mistakes.
Review your similarities. Did you forget to cite something? Did you not paraphrase well enough? Is your paper made up of someone else’s thoughts more than your own?
Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for tips on improving your paper and SI score.

Late Policy

The university’s policy on late assignments is 10% penalty PER DAY LATE. This also applies to late DQ replies.
Please communicate with me if you anticipate having to submit an assignment late. I am happy to be flexible, with advance notice. We may be able to work out an extension based on extenuating circumstances.
If you do not communicate with me before submitting an assignment late, the GCU late policy will be in effect.
I do not accept assignments that are two or more weeks late unless we have worked out an extension.
As per policy, no assignments are accepted after the last day of class. Any assignment submitted after midnight on the last day of class will not be accepted for grading.

Communication

Communication is so very important. There are multiple ways to communicate with me:
Questions to Instructor Forum: This is a great place to ask course content or assignment questions. If you have a question, there is a good chance one of your peers does as well. This is a public forum for the class.
Individual Forum: This is a private forum to ask me questions or send me messages. This will be checked at least once every 24 hours.

Simplilearn Training Peer Response

Simplilearn Training Peer Response