Reflective Learning Report Project Risk Management
Course: PMGT 5891 Project Risk Management
Personal assignment – Reflective Learning Report (RLR) – at end of semester.
Each student is to submit a personal assignment of 20 (minimum) to around 30 (maximum) pages, excluding cover page and references, called a Reflective Learning Report (or RLR) at end of semester.
The RLR is to document what you personally have learned from the assignment including the team work or lack thereof. You may reference the discussion forums, team activities, literature you have read, and even maybe reference your own organisation and how it performs (or not) the issues raised by the assignment topics. Also it asks for your personal contribution on several topics.
There is no set format or approach for this report. However it should be easy to follow and flow well.
Various approaches might be adopted for the first part which is your reflection. For example:
- week by week type journal;
- by topic.
Whichever approach you choose you should be careful to clearly cover all the questions in section 1 below, and if adopting journal or narrative approach summaries might be required to bring together your answers to questions at the end.
Section 1: Personal Reflection
- Outline your personal objectives for this unit of study. Were they fulfilled or not? Explain why.
- Sources of learning (articles, course material, your own work environment, team/group work on assignment, discussion forums).You are expected to reference a wide range of sources and explain their influence on your development.
- Specifically how has your competency developed – what has changed in your understanding of the topics and why? This is not a repeat or summary of the course or other material, or a literature review but your new or changed understanding of it, and why it is important. Reference the sources that influenced your development. Ensure that it is clear what your starting point was for your development.
Include a summary table of your competency development.
- How will this new competency be used in the team, your work or other places? If you are not currently employed how do you think you will use it in future?
Also how will you develop this new competency further, either in practice or in learning more about the topic? Be as specific about this future development as possible. Even if you cannot influence the situation very much what do you think your organisation should do to improve risk management? This aspect of practical application is very important so allow some space for it as it attracts higher marks.
- Comment on the team performance (this is not the CPE ratings but what worked and what did not work well in the team). What could be done differently in the future?
Section 2: Other learnings
(This topic must be addressed as a separate section of the report and not embedded under other topics above)
Do two of the items 6 – 8 below (each are worth 10 marks)
- Comment on your understanding of why many organisations (including possibly your own) do not use the processes, tools and techniques of project risk management that we have discussed on this unit. Even if you are not in a position to know for sure, you can hypothesise. If your organisation does use most of them, why do you think they do this? In other words, in your view, what are the barriers or enablers to making project risk management more effective in organisations?
What would cause them to adopt improved practices? If you are not currently working in this area then consider case studies for answers. This is more than just improving the detail of the risk management processes in the organisation; it is also about what factors enhance the embedding of good practices in the organization and its culture. This is not a literature review but your own observations on the topic supported by various other sources!
(If you wish this topic 6 above could be in the form of a brief presentation to management from an external consulting organization about how to improve risk management in the organization.)
- Case study
You can use one of the following case studies, or if you prefer select your own case study (if you wish these site might provide ideas – http://calleam.com/WTPF/ OR
http://www.omegacentre.bartlett.ucl.ac.uk/studies/by_place_2.php ). Do not use the case studies covered in the Discussion Forums for the Unit of Study.
- Federation Square Melbourne, Vic
- Queensland Health Payroll
- BC Fast ferries (see slides on Blackboard)
For the selected case study identify 4 key lessons, which may be positives or negatives, that we can learn and adopt for risk management to avoid failure and improve the chance of success of projects. You will need to support your lessons with explanatory evidence. The lessons learned must be quite specific actions so that is clear how they would be implemented in practice.
- Tools and techniques for Risk management
Select 5 techniques that you have learned in this Unit of Study and explain their advantages and disadvantages (pros and cons) and also when they would be best used in risk management activity. Do not use obscure language but rather explain the above to management in non-technical terms. At least 3 of the 5 should be quantification techniques.