1828 University of Central Lancashire UCLan Academic Year 2020/21 UCLan Coursework 2 Reassessment Brief Module Title: Risk and Value Management Module Code: BN4206 Level 7 School of Engineering Risk & Value in Projects and Organisations This assessment is worth 50% of the overall module mark THE BRIEF/INSTRUCTIONS Learning Outcomes Assessed: LO1 Demonstrate an understanding of and the ability to identify and quantify risk and value at both the strategic and project levels LO2 Develop and apply systems and tools to the management of risk and value LO3 Develop and justify contingency and disaster recovery plans Assignment Scenario Choose an industry and a specific product. You are a project manager in Bart Erry Ltd. (located in Manchester, UK) which manufactures the specific, named product you have chosen. The main business of your company is the manufacture of the named product which is distributed throughout the UK and Europe. Your company is struggling to meet the very huge increase in the demand for its products from other European countries. As a result, some of the company's shareholders have proposed the expansion of the factory and production facilities to take advantage of the growing demand and increase its market share. This expansion will involve considerable new factory building works and the installation of new state of the art factory equipment as well as the upgrading of existing equipment and IT systems. Most of the equipment and IT systems will be imported from other European countries. Other shareholders have made different proposals including building another factory in Eastern Europe to meet the current demand. You are required to carry out the following tasks: 1. Prepare a Need Verification for the proposed extension and expansion at your Manchester site. (20 marks) 2. Assuming the board of directors of your company has approved the proposed extension and expansion project after considering all the proposals, identify and profile the possible project risks and prepare a quantitative assessment of the risks using an appropriate risk register.1 (40 marks)
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1828 University of Central Lancashire UCLan Engineerin g Coursework Cover Sheet Assessment Title: Risk & Value in Projects and Organisations Students should add this coversheet, to the start of their assessment before submission through Turnitin. Seminar Tutor (If appropriate): Module Title: XXX Module Code: XXX Programme Title: XXX Year of Study: XXX Academic Misconduct / Plagiarism Declaration By attaching this front cover sheet to my assessment I confirm and declare that I am the sole author of this work, except where otherwise acknowledged by appropriate referencing and citation, and that I have taken all reasonable skill and care to ensure that no other person has been able, or allowed, to copy this work in either paper or electronic form, and that prior to submission I have read, understood and followed the University regulations as outlined in the Academic Integrity Policy and Procedure for Academic Misconduct available at the following link: https://www.uclan.ac.uk/study_here/assets/assessment_handbook_2122.pdf Have you checked the following in order to maximise the grade you can achieve for this assignment? Learning