Advanced Diploma of Project Management

Running head: ADVANCED DIPLOMA OF PROJECT MANAGEMENT 1
ADVANCED DIPLOMA OF PROJECT MANAGEMENT

ADVANCED DIPLOMA OF PROJECT MANAGEMENT 2
Table of Contents
Assessment 1:..................................................................................................................................3
Assessment 2...................................................................................................................................7
Assessment task 3..........................................................................................................................11
References......................................................................................................................................13
Appendix A:...................................................................................................................................15

ADVANCED DIPLOMA OF PROJECT MANAGEMENT 3
Assessment 1:
Question 1.0: According to ISO 31000, the risk is considered as a effect of uncertainty
over the objectives. The risk of undertaking a pregame as per the ISO standards is
predominantly needed to eradicate by the programmed management. Thus, there is a
discussion about the probable risks has to be done and along with this a proper decisions
the addressing of risks needs to be done. However, in this case the cultural objectives
which are associated with organizations functional are needed to be performed and as for
this reason, management can consider the probable risk components of the organisation.
As for this reason, the ISO 31000standards are to be maintained by organistaions in order
to manage and assess the risk as well as eliminate them from company’s operations.
1.1The risk management strategy has set a clear outline structure for managing the risk,
which is related with an objective in order to achieve. The purpose of the risk management is
to increase the awareness among all working partners in order to handle the risk. Moreover,
the purpose of the risk management is to prevent the risks, which are related with the
occupation. In addition, the risk management process can help an organization in order to
identify the awareness of the rising risk. The risk management policy helps the organization
in order to determine the roles and responsibilities of the all team members as well as project
managers for managing the identified risk. Thus, there is a discussion about the probable
risks has to be done and along with this a proper decisions the addressing of risks needs to be
done. Moreover, it incorporates the processes of monitoring and controlling of the risks. The
risk management is also effective to save the company the need to pay its own
administrators, and train, hire. With the help of Web page as the user interface, almost every
relative computer systems of a company nowadays are operated remotely using these
interactive systems. The purpose of the risk management is to identify the crucial
responsibility of each staff members and project managers. Moreover, the program
management helps the organization in order to estimate the resource allocation for the
project management within an organization.

ADVANCED DIPLOMA OF PROJECT MANAGEMENT 4
1.2 Financial management has been known as an enlarged field of programmed management
with respect to the operations of a business. It has been further known that this can be applied
to both the program as well as the project management. Apart from that, this is applicable to
both of the operations related to the financial management with respect to the concerned
business. With respect to the roles of the government, it has been found that commercial
sectors and the non-commercial sectors both can be taken into consideration for implementing
the respective operational management. Including the financial management in the process of
accounting, may develop the grassroots scales with respect o the concerned budgeting,
financial management, funds control, debt management, treasury management, and strategic
management of financial operations auditing, and cost estimating of the respective business.
Moreover, the budget allocation for the project management is based on project requirement,
whereas, the budget allocation in program management depends on the organizational budget.
1.3 The program management significantly increases the business transformation as well as all
business activities. The purpose of the program management is to define the roles and
responsibilities within an organization. Moreover, it determines the skill and attributes of each
team members within an organization. The purpose of the program management is to identify
the crucial responsibility of each staff members and project managers. Moreover, the program
management helps the organization in order to estimate the resource allocation for the project
management within an organization. Program management operation identifies organizational
activities that include strategic management and financial management. With respect to the
roles of the government, it has been found that commercial sectors and the non-commercial
sectors both can be taken into consideration for implementing the respective operational
management.
1.4 The resource availability refers to the sourcing of human, finance, raw materials and other
platforms for conducting a business. However, in case of a project management, the most