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Microsoft Word - SBM1206 Assessment Brief.docx Page | 1 Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College 55 Regent Street, Chippendale, Sydney 2008: XXXXXXXXXX...

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Microsoft Word - SBM1206 Assessment Brief.docx

Page | 1
Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College
55 Regent Street, Chippendale, Sydney 2008: XXXXXXXXXX
PRV12007; CRICOS 03048D
Approved: 15/02/2019 Version 1
Unit Code and Title: SBM1206 Advanced Risk and Uncertainty Management
Assessment Overview
Assessment Task

Weighting Due Length ULO
Assessment 1: Article Summary

10% Week 4 500 Words ULO-1
Assessment 2: Case Study; Scenario
Analysis and Lab Work Submission

20% (i.e. 10% Scenario
Analysis and 10% Lab
Work Submission)
Week XXXXXXXXXXWords ULO-1
ULO-2
Assessment 3: Applied Project and
Presentation

30% (i.e. 20% Report and
10% Presentation)
Week XXXXXXXXXXWords ULO-1
ULO-2
ULO-3
ULO-4
ULO-5
Assessment 4: Examination

40% Week 12 NA ULO-1
ULO-2
ULO-3
ULO-4
ULO-5
Assessment Details
Page | 2
Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College
55 Regent Street, Chippendale, Sydney 2008: XXXXXXXXXX
PRV12007; CRICOS 03048D
Approved: 15/02/2019 Version 1
Assessment 1: Article Summary
Due date: Week 4
Group/individual: Individual
Word count / Time provided: 500 Words
Weighting: 10%
Unit Learning Outcomes: ULO-1
Assessment Details:
To fulfil this assessment, you need to search through the Internet and find a relevant recently
published research article in the area of risk management. Once found, you are required to write a
500 words summary based on the article. It needs to cover the basic concepts of risk management. To
submit a quality article summary, you are required to study the materials provided (lecture slides,
tutorials, and reading materials), engage in the unit’s activities, and in the discussion forums. By
completing this assessment successfully, you will be able to identify key aspects of risk management
as per best project management practices. This will then help in achieving ULO1. The summary needs
to be submitted online via Canvas. You also need to email the article that you have summarised to
your lecturer.
Marking Criteria and Ru
ics: This assignment will be weighted 10% of the total unit mark.
Marking Criteria Not satisfactory
(0-49)
Satisfactory
(50-64)
Good
(65-74)
Very Good
(75-84)
Excellent
(85-100)
Mark obtained
Article Choice (10%) The article
selected does
not reflect the
subject’s main
concepts.
The article
selected is in the
field of the
subject and
eflects
one/some of the
main concepts
suggested by
the lecturer.
The article
selected is in
the field of the
subject, covers
the main
concepts
suggested by
the lecturer
ut may not
e cu
ent or
scholarly.
The article
selected is in
the field of the
subject and
covers the
concepts
suggested by
the lecturer and
is scholarly and
elatively
cu
ent.
The article is
from academic
Journal and
directly
discusses the
main concepts
suggested by
the lecturer
and is highly
elevant,
scholarly and
ecently
published.
Written Communication
Skills (20%)
Writing lacks
clarity and
coherence.
Points have not
een
paraphrased
well. There are
many e
ors in
spelling,
grammar and
punctuation.

Writing is
generally clear
with some
lapses in
coherence.
Some points
have been
paraphrased
well. There are
some e
ors in
spelling,
grammar and
punctuation.
Writing is clear
and coherent.
Most points
have been
paraphrased
well. There are
some e
ors in
spelling,
grammar and
punctuation.
Writing shows
good clarity and
cohesion. Points
have been
paraphrased
well. There are
few e
ors in
spelling,
grammar and
punctuation.
Writing shows
excellent clarity
and cohesion.
Points have
een skilfully
paraphrased.
There are no or
very few e
ors
in spelling,
grammar and
punctuation.
Page | 3
Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College
55 Regent Street, Chippendale, Sydney 2008: XXXXXXXXXX
PRV12007; CRICOS 03048D
Approved: 15/02/2019 Version 1
Content (40%) The article’s
main topic(s),
aim/ purpose,
key points and
conclusions are
missing, unclear,
inaccurate
and/or
i
elevant.


The article’s
main topic(s),
aim/ purpose,
key points and
conclusions are
generally
evident, but
may be vague,
incomplete, or
have some
inaccuracies.

The article’s
main topic(s),
aim/ purpose,
key points and
conclusions
are identified
and
summarised
accurately in
most parts.
Some
information
may be
i
elevant or
inaccurate.
The article’s
main topic(s),
aim/ purpose,
key points and
conclusions are
identified and
summarised
clearly and
accurately,
providing a
good overview
of the article
with minimal
i
elevant or
inaccurate
information.
The article’s
main topic(s),
aim/ purpose,
key points and
conclusions are
identified and
summarised
clearly,
accurately and
precisely,
providing an
excellent
overview of the
original article.
Structure (20%) The summary is
not well
organised, does
not flow
logically and is
difficult to
follow.
The summary
shows some
organisation,
ut some parts
may not flow
logically and are
difficult to
follow.
The summary
shows
organisation
and is
easy to follow,
ut
occasionally
still lacks flow.
The summary
shows coherent
and logical
organisation
and most points
are easy to
follow.
The summary
shows
coherent and
logical
organisation
and has clear,
well-structured
points.
Style and Article Link (10%) The article is not
eferenced and
link is not
provided.
Reporting ve
s
and connecting
words are not
used.
The article is
eferenced but
link is not
provided.
Reference
contains e
ors
or does not
follow Harvard
eferencing
style.
Limited
eporting ve
s
and connecting
words are used.
The article is
eferenced in
Harvard
eferencing
style but may
contain some
minor e
ors.
Article link is
provided.
Some
eporting
ve
s and
connecting
words are
used.
The article is
eferenced in
Harvard
eferencing style
with few e
ors.
Link is provided.
Reporting ve
s
and connecting
words are used
well to create
flow.
The article is
accurately
eferenced in
Harvard
eferencing
style. Link is
provided.
Reporting ve
s
and connecting
words are used
very well to
create flow and
cohesion.

Total Marks: 100

Total Marks Obtained
Comments:








Page | 4
Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College
55 Regent Street, Chippendale, Sydney 2008: XXXXXXXXXX
PRV12007; CRICOS 03048D
Approved: 15/02/2019 Version 1
Assessment 2: Case Study
Due date: Week 8
Group/individual: Individual
Word count / Time provided: 1500 Words
Weighting: 20%
Unit Learning Outcomes: ULO-1, ULO-2
Assessment Details:
This assessment is designed to assess your analytical skills in risk management. A case study will be
given to you (unique to each student) for which you need to analyse the problem. There will be data
analysis parts that need to be done in MS Excel. All the skills required in Excel will be covered in class
(particularly, in tutorial times). You are highly recommended to have enough practice with MS Excel
functions to make sure you can implement the analysis. It is also required to understand concepts
covered in weekly lectures in order to connect them to your data analysis. To improve your knowledge
and skills, you are recommended to find real-world examples to practice in advance and challenge
yourself.
Marking Criteria and Ru
ics: This assignment will be weighted 20% of the total unit mark.
Marking Criteria Not satisfactory
(0-49)
Satisfactory
(50-64)
Good
(65-74)
Very Good
(75-84)
Excellent
(85-100)
Mark obtained
Case Identification and
Understanding (20%)

Lacks evidence of
understanding the
provided case and
its environment
Evidence of basic
understanding the
provided case and
its environment
Has shown an
acceptable skill
level of
understanding
the provided
case and its
environment
Has shown an
appropriate skill
level of
understanding the
provided case and
its environment
Has shown an
excellent skill
level of
understanding
the provided
case and its
environment
Content of Case Study and
Lessons Learned (20%)

Lacks evidence of
the ability to
extract the given
case’s main topic,
aim, purpose and
key points
Evidence of basic
ability to extract
the given case’s
main topic, aim,
purpose and key
points
Has shown an
acceptable
ability to extract
the given case’s
main topic, aim,
purpose and key
points
Has shown an
appropriate ability
to extract the
given case’s main
topic, aim,
purpose and key
points
Has shown an
excellent ability
to extract the
given case’s main
topic, aim,
purpose and key
points
Data Entering in MS Excel
(10%)
Lacks evidence of
the ability to
enter data in a
computer-based
analysis with MS
Excel
Evidence of basic
ability to enter
data in a
computer-based
analysis with MS
Excel
Has shown an
acceptable
ability to enter
data in a
computer-based
analysis with MS
Excel
Has shown an
appropriate ability
Answered Same Day Apr 16, 2021 SBM 1206

Solution

Neenisha answered on Apr 20 2021
139 Votes
Part (b)
    Part(b) - Monte Carlo Simulation
        Per Tent
    S.No.    Fa
ic Price    Metal Price    Labour Cost    Other Total Cost    Selling Price / Tent    Demand    Total Revenue    Total Cost    Profit
    1    $ 419    $ 879    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,555,393.78    $ 1,029,106.22
    2    $ 396    $ 857    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,443,468.54    $ 1,141,031.46
    3    $ 391    $ 837    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,382,329.96    $ 1,202,170.04
    4    $ 390    $ 827    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,353,639.56    $ 1,230,860.44
    5    $ 405    $ 900    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,571,074.55    $ 1,013,425.45
    6    $ 418    $ 902    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,609,814.04    $ 974,685.96
    7    $ 403    $ 845    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,431,482.41    $ 1,153,017.59
    8    $ 420    $ 870    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,535,503.07    $ 1,048,996.93
    9    $ 393    $ 879    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,490,498.07    $ 1,094,001.93
    10    $ 413    $ 850    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,467,170.06    $ 1,117,329.94
    11    $ 404    $ 912    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,599,941.04    $ 984,558.96
    12    $ 408    $ 818    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,377,254.70    $ 1,207,245.30
    13    $ 414    $ 845    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,459,160.77    $ 1,125,339.23
    14    $ 412    $ 862    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,495,162.31    $ 1,089,337.69
    15    $ 401    $ 852    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,442,872.43    $ 1,141,627.57
    16    $ 396    $ 856    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,439,921.10    $ 1,144,578.90
    17    $ 415    $ 871    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,524,887.96    $ 1,059,612.04
    18    $ 419    $ 870    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,533,073.93    $ 1,051,426.07
    19    $ 412    $ 894    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,574,711.70    $ 1,009,788.30
    20    $ 415    $ 852    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,478,439.42    $ 1,106,060.58
    21    $ 412    $ 868    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,509,997.39    $ 1,074,502.61
    22    $ 399    $ 905    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,569,489.97    $ 1,015,010.03
    23    $ 407    $ 870    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,501,862.76    $ 1,082,637.24
    24    $ 396    $ 848    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,421,926.09    $ 1,162,573.91
    25    $ 407    $ 869    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,500,981.01    $ 1,083,518.99
    26    $ 401    $ 819    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,360,985.37    $ 1,223,514.63
    27    $ 395    $ 830    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,372,604.77    $ 1,211,895.23
    28    $ 403    $ 842    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,422,297.47    $ 1,162,202.53
    29    $ 415    $ 851    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,475,670.75    $ 1,108,829.25
    30    $ 400    $ 864    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,470,465.77    $ 1,114,034.23
    31    $ 402    $ 844    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,427,041.84    $ 1,157,458.16
    32    $ 418    $ 857    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,498,366.90    $ 1,086,133.10
    33    $ 415    $ 854    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,483,211.71    $ 1,101,288.29
    34    $ 407    $ 820    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,379,112.23    $ 1,205,387.77
    35    $ 394    $ 891    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,522,319.87    $ 1,062,180.13
    36    $ 419    $ 848    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,479,144.30    $ 1,105,355.70
    37    $ 420    $ 891    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,587,414.11    $ 997,085.89
    38    $ 391    $ 847    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,406,713.76    $ 1,177,786.24
    39    $ 397    $ 896    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,542,038.62    $ 1,042,461.38
    40    $ 406    $ 855    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,464,072.21    $ 1,120,427.79
    41    $ 392    $ 873    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,472,332.31    $ 1,112,167.69
    42    $ 399    $ 891    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,534,109.90    $ 1,050,390.10
    43    $ 411    $ 838    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,432,212.12    $ 1,152,287.88
    44    $ 392    $ 832    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,371,691.80    $ 1,212,808.20
    45    $ 394    $ 873    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,478,786.00    $ 1,105,714.00
    46    $ 401    $ 864    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,471,886.74    $ 1,112,613.26
    47    $ 419    $ 870    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,532,833.02    $ 1,051,666.98
    48    $ 410    $ 850    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,461,523.00    $ 1,122,977.00
    49    $ 411    $ 884    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,547,306.52    $ 1,037,193.48
    50    $ 396    $ 868    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,469,640.51    $ 1,114,859.49
    51    $ 396    $ 927    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,616,841.62    $ 967,658.38
    52    $ 420    $ 888    $ 235    $ 750,000    $ 2,250    2482    $ 5,584,500.00    $ 4,580,885.70    $ ...
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