BUAN 0150
\nSolution Assessment & Validation<\/p>\n
Assignment 1: Risk Analysis (10%)
\n________________________________________
\nPurpose
\nIn the context of validating business requirements, risk analysis is used to identify and manage risks that could invalidate, or otherwise impact the value or degree of success that can be achieved for a requirement or design.
\nThis assignment will provide a hands on example of how uncertainty can create risk and the impacts that it can have on a project ( help with nursing paper writing from experts with MSN & DNP degrees). It will also demonstrate a methodical approach to managing these risks. Manitoba Mutual Insurance Co (MMIC) is a fictitious organization, developed based on the content providers knowledge and experience, and will be used throughout the course to explore the content.
\nLater in this course, you will see how risk analysis is an important tool in many aspects of solution assessment and validation. In the parts of the BABOK covered by this course, risk analysis is discussed in 6 out of 8 chapters. As a result of this assignment, you will be better equipped to understand how it applies in future scenarios.<\/p>\n
How to Proceed
\n1.\tBegin by reviewing the following resources:
\na.\tUnit 1 notes; and
\nb.\tSection 10.38 – Risk Analysis in the BABOK.
\n2.\tReview the case study below.
\n3.\tBased on the information in the case study, complete the exercise below.
\n4.\tSubmit your responses to the Assignment 1 dropbox on UM Learn.<\/p>\n
Table 1: Requirements ( find out any 2 or maximum 3 risks ) ( use risk register )
\nID\tDescription
\nR1\tProvide functionality to allow customers to change the coverage limit on their property policy on the self-serve portal.
\nR2\tWhen customer applies changes to their policy via the self-serve portal, bind and issue the changes immediately.
\nR3\tDistribute an updated Policy Change Document when policy changes are issued via the self-serve portal. Allow customers to change the coverage limit on their property policy through the self-service portal.
\nR2 When a customer makes changes to their policy through the self-service portal, bind and issue the changes right away.
\nR3 When policy changes are issued through the self-service portal, distribute an updated Policy Change Document.
\nR4 Lower your document printing and mailing costs.
\nR5 Offer customers who opt in the option of receiving documents via email.
\nR4\tReduce document printing and mailing expenses.
\nR5\tProvide optional email distribution of documents for customers that opt in.<\/p>\n
Table 2: Assumptions
\nAssumption ID\tReq. ID\tAssumption Description\tStakeholder Concerns
\nA1\tR1\tWe assume that customers will not apply changes to their coverage limits more than once per month.\tThe Document Management team is concerned that customers will apply many changes in a day, causing the documents solution to print and mail many Policy Change documents. This process will be costly for the business in printing and mailing expenses, and the customer will be confused and unhappy receiving the additional mail.<\/p>\n
The project ( help with nursing paper writing from experts with MSN & DNP degrees) team brainstormed how to manage the risks associated with the listed concerns. Table 3 shows what they decided.<\/p>\n
Table 3: Treatment Options
\nID\tTreatment options notes from brainstorming session\tTreatment Types
\nA1\t1.\tForce users of the self-serve portal to sign up for electronic document distribution (emailed documents). Note that this change could increase the load on the email servers and might drive away some customers that still want printed documents.
\n2.\tLimit the solution to issuing only the last change each day. This limit would require some additional logic to keep track of these changes, and it could cause some confusion if it appears to customers that each change is bound and issued.
\n3.\tAccept the risk. This situation shouldn’t happen very often.
\n4.\tProvide a warning to users on the self-serve portal that each change will result in a new document being mailed. There is some concern the warning would be ineffective.
\n5.\tDo not implement this change; it is too risky.\t1.
\n2.\t3.\t4.\t5.<\/p>\n
Exercise
\nPopulate the Assignment 1: Risk Register Spreadsheet, based on the information in the case study, as follows:
\n(there Is \u201cor\u201d between question 3 and 5 )<\/p>\n
1.\tUsing the Assumption A1 from the Case Study, populate the “Risk Event or Condition” and “Consequence” for each stakeholder concern.
\n2.\tEstimate the “Probability,” “Impact,” and “Risk Level,” prior to “Treatment.” Within each cell, briefly (one short sentence) explain your reasoning. To assess the impact, use Table 10.38.1: Example of a Risk Impact Scale, from the BABOK.
\n3.\tReview the Treatment Options in Table 3 and select an appropriate treatment.
\na.\tPopulate the “Treatment” column with the selected treatment, and indicate what type of treatment it is (e.g., Avoid, Transfer, Accept, Mitigate or Increase).
\nb.\tJustify your selection of treatment in the “Justification” column.
\n4.\tWill the selected treatment of the issue result in a residual risk? Populate the final three columns, along with a brief (one short sentence) explanation in each cell.
\n5.\tLastly, can you observe any conflicts between requirements, related to this risk? What does this result mean in terms of validating R1?<\/p>\n
Grading
\n6\t4\t2\t0
\nContent\tAssignment shows excellent grasp of the concepts of risk analysis. There is thorough analysis of the scenario, with excellent recommendations.\tAssignment shows good understanding of the concepts of risk analysis. There is sufficient analysis of the scenario, with good recommendations.\tAssignment shows marginal analysis and understanding of the key issues, with minimal recommendations and justifications.\tThere is no analysis and poor understanding of the issues involved in the case. Explanations are difficult to understand or largely incomplete, with no noteworthy recommendations.
\nJustifications are logical and well aligned with the scenario. There is a strong understanding of the role of risk analysis in requirements validation.\tJustifications are reasonable, but not ideal for the scenario. There is a good understanding of the role of risk analysis in requirements validation.\tAssignment shows student is able to identify risks related to validation, but not able to explain or justify.\tAssignment shows poor or no understanding of the role of risk analysis in requirements validation.
\n2\t1\t0
\nWriting Conventions\t\tContent is easily understood by the reader throughout the entirety of the assignment. There are minimal spelling and grammar errors, and APA formatting is present.\tContent is mostly easily understood by the reader throughout the assignment. There are several spelling and grammar errors, and APA formatting is present.\tContent is not understood by the reader. There are many spelling and grammar errors, and APA formatting is not present.
\nTotal<\/p>\n","protected":false},"excerpt":{"rendered":"
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