Expert Answer:Its a Risk assessment report and literature report

  

Solved by verified expert:The content should be very relevant to the assignment brief.Should be properly structured – see lecture noted attached in PP copy.Proper risk management  Demonstrate an understanding of the importance of procurement for global organisations operating in complex market environments. Locate, synthesise and critically evaluate recent/current information from a wide range of published literature in the area of Project
Risk and Procurement Management. Apply knowledge of the theory and practice of Project Risk and Procurement Management to develop insights into and solve current
problems. Critically evaluate the use of complex models of Project Risk and Procurement Management; systematically and creatively making
sound judgements based on the systematic analysis and creative synthesis of ideas. Critically and effectively assess the value of theories, concepts and models to the practice of Project Risk and Procurement
Management. Demonstrate a sound understanding of the importance of risk management in the development and maintenance of sustainable
procurement.This is an individual assessment worth 50% of the module mark. Word length 3000 words (do not exceed word limit). Do not include the cover page, abstract, table of contents or References section in the word count. Your paper should have a clear structure, with: – a cover page (student number, module title, assignment title, word count (effective, not max), declaration of originality – an abstract (300 words max, one single paragraph) – a table of contents – the main body of the paper – you have full creative control over the structure, but do use section headings to signpost your work – references list – this is mandatory at Master level Task:Download the PDF file which contains the full task description, marking criteria and marking grid If there is any confusions and justifications needed, please contact me as soon as possible.
prpm_assessment_2.pdf

prapm___unit6.ppt

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Project Risk and Procurement Management
Project Risk and Procurement Management
Assignment 2:
Assignment Brief
Strategic procurement depends on strong “Supplier Relationship Management” (SRM) where procurement professionals are concerned
about developing robust supplier relationships and negotiating favourable terms and conditions. In the future, it is expected that supply
chain structures will become more complex and choosing the right supplier will be more critical. Increasingly stringent supplier
requirements will become routine, and demanding purchasers will expect suppliers to demonstrate their essential competencies. Supply
chain risk, scarcity of raw materials, environmental, sustainable and economic issues will lead to increased pressure on these buyersupplier relationships.
You are to consider a UK business that sources food materials extensively from Greece and discuss how it can manage the dangers of
economic and other risks arising from this relationship You are asked to critically discuss how the procurement function can manage a
network – often global – of vendors and suppliers that can quickly become inoperative due to rapid shifts in the business environment.
You are expected to provide appropriate case study examples to illustrate your answer.
This coursework should follow a structured approach and should be prepared and presented as a professional business report. You
should undertake a relevant literature review that helps inform your investigation. Please also ensure that the Harvard Referencing
System is adhered to and fully complied with.
Submission details
This is an individual assignment worth 50% of the module mark.
Word length 3000 words (+/- 10%). Do not include References in the word count.
Submission: electronically through RKC’s OnlineCampus
Please submit an electronic copy of your assessment via RKC’s OnlineCampus. The electronic copy may be in either Word or PDF, and you
should ensure that the file is machine readable (check it through the TurnitIn Test area from your home page)
1
Project Risk and Procurement Management
Marking Scheme
Criteria
Use of theory
Examples
Quality of argument
Reference to course ideas
Citation and References
Conclusions
Marks
30
30
10
10
10
10
Relates to Learning Outcomes:






Demonstrate an understanding of the importance of procurement for global organisations operating in complex market environments.
Locate, synthesise and critically evaluate recent/current information from a wide range of published literature in the area of Project
Risk and Procurement Management.
Apply knowledge of the theory and practice of Project Risk and Procurement Management to develop insights into and solve current
problems.
Critically evaluate the use of complex models of Project Risk and Procurement Management; systematically and creatively making
sound judgements based on the systematic analysis and creative synthesis of ideas.
Critically and effectively assess the value of theories, concepts and models to the practice of Project Risk and Procurement
Management.
Demonstrate a sound understanding of the importance of risk management in the development and maintenance of sustainable
procurement.
Assessment Housekeeping:
You are required to follow the University’s regulations regarding plagiarism and citing sources and references used. Assignments may not be
submitted late. Marking penalties for late submission will follow the University regulations for PMC and late submission.
2
Project Risk and Procurement Management
Criterion / Mark
range
90-100
80-89
70-79
60-69
50-59
40-49
0-39
Overall level
(indicative –
not for grading)
Scope
Standard comparable to
journal publication
Standard comparable
to conference paper
publication
Distinctive work for Masters
level
Merit work for Masters
level
Acceptable for
Masters
Below Masters
pass standard
Significantly
below Masters
pass standard
Outstanding clarity of
focus, includes what is
important, and excludes
irrelevant issues.
Excellent clarity of focus,
boundaries set with no
significant omissions or
unnecessary issues.
Clear focus. Very good
setting of boundaries
includes most of what is
relevant.
Clear scope and
focus, with some
omissions or
unnecessary issues.
Scope evident and
satisfactory but with
some omissions and
unnecessary issues.
Outstanding with critical
awareness of relevance
of issues. Outstanding
expression of ideas.
Excellent with critical
awareness of relevance
of issues. Excellent
expression of ideas.
Very good with critical
awareness of relevance of
issues. Outstanding
expression of ideas.
Comprehensive literature
review. Evaluation and
synthesis of source
material to produce an
outstanding contribution.
Excellent independent
secondary research.
Sources are evaluated
and synthesized to
produce an excellent
contribution.
Very good independent
secondary research.
Sources are evaluated and
synthesized to produce a
very good contribution.
Basic with limited
awareness of
relevance of issues.
Limited expression of
ideas.
Limited secondary
research to extend
taught materials.
Limited evaluation of
sources, deficiencies
in choice and
synthesis.
Critical analysis
based on
evidence
Standard of critical
analysis – showing
questioning of sources,
understanding of bias,
independence of
thought
Little or no
analysis.
No valid
analysis.
Well structured,
compelling and
persuasive argument
that leads to a valuable
contribution to the field
of study, paving the way
for future work.
A very good standard of
critical analysis. Sources
are questioned
appropriately, and a very
good understanding of
bias, showing
independence of thought
Well-structured and
persuasive argument
Insightful conclusion draws
together key issues and
possible future work.
Analysis evident but
uncritical. Sources are
not always
questioned, with
limited independence
of thought.
Structure of
argument,
leading to
conclusion
Excellent standard of
critical analysis –
excellence in
questioning of sources,
understanding of bias,
independence of
thought
Argument has excellent
structure and
persuasiveness, leading
to very significant insights
and relevant future
work.
Good with some
awareness of
relevance of issues.
Ideas are expressed,
with some limitation.
Good secondary
research to extend
taught materials.
Evidence of
evaluation of sources,
with some deficiencies
in choice and
synthesis.
Critical analysis with
some questioning of
sources,
understanding of bias,
independence of
thought.
Structured and fairly
convincing argument
leads to conclusion
that summarises key
issues.
Argument has some
structure and
development towards
conclusion with
limitations in summary
of issues.
Argument is
unstructured, no
recognizable
conclusion.
No evidence of
argument or
conclusion.
Understanding
of subject
matter
Literature
Poorly scoped,
with significant
omissions and
unnecessary
issues.
Poor with little
awareness of
relevance of
issues
Little or no
extension of
taught materials.
Poor choice and
synthesis of
materials.
Little or no
scope or focus
evident.
Little or no
understanding
of subject
matter is
demonstrated.
Poor use of
taught
materials. No
synthesis.
3
Project Risk and Procurement
Management
Unit 6
Supply Chain Risk
Risk management
Assess the potential causes of, and risks from failure
Prevent failure
occurring
Failure
Mitigate the effects
of failure
Recover from the
effects of failure
Negative
consequence of
failure
The sources of potential failure in supply chains
Source of risk
Ericsson Example
• March 2000, lightning strike hit a power line in Albuquerque, New
Mexico – massive surge in electrical grid – fire at plant owned by
Royal Philips Electronics – damaging millions of microchips
• Major customer of the chips, Nokia almost immediately switched its
chip orders to other Philips plants as well as other American and
Japanese suppliers
• Ericsson employed a single-sourcing policy – no other source,
disrupted production for months, lost $400m in sales
• Proactively managing supply chain risk
Toyota – A case of procurement risk
•Toyota is the largest car producer in the
world
•Toyota developed many of the ideas of lean
and just in time production
•Toyota has a significant reputation for
quality and ‘world class’ standards
•Toyota has suffered risk problems.
Japanese Earthquake and Tsunami (March 11, 2011)
Thai Floods (November 2011)
Toyota in China!
Active Risk Management
Risks will happen so we need to manage risk.
Risks in procurement and management needs
to be considered at the start of the project,
while it is ongoing and also after the risks have
impacted the organisation.
The ideal is to create an organisation that is
robust in coping with risk.

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