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: 02-9318 8111 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 8 1500 Words ULO-1 ULO-2 Assessment 3: Applied Project and Presentation 30% (i.e. 20% Report and 10% Presentation) Week 10 4000 Words 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: 02-9318 8111 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 Rubrics: 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 reflects 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 but may not be current or scholarly. The article selected is in the field of the subject and covers the concepts suggested by the lecturer and is scholarly and relatively current. The article is from academic Journal and directly discusses the main concepts suggested by the lecturer and is highly relevant, scholarly and recently published. Written Communication Skills (20%) Writing lacks clarity and coherence. Points have not been paraphrased well. There are many errors in spelling, grammar and punctuation. Writing is generally clear with some lapses in coherence. Some points have been paraphrased well. There are some errors in spelling, grammar and punctuation. Writing is clear and coherent. Most points have been paraphrased well. There are some errors in spelling, grammar and punctuation. Writing shows good clarity and cohesion. Points have been paraphrased well. There are few errors in spelling, grammar and punctuation. Writing shows excellent clarity and cohesion. Points have been skilfully paraphrased. There are no or very few errors 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: 02-9318 8111 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 irrelevant. 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 irrelevant 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 irrelevant 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, but some parts may not flow logically and are difficult to follow. The summary shows organisation and is easy to follow, but 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 referenced and link is not provided. Reporting verbs and connecting words are not used. The article is referenced but link is not provided. Reference contains errors or does not follow Harvard referencing style. Limited reporting verbs and connecting words are used. The article is referenced in Harvard referencing style but may contain some minor errors. Article link is provided. Some reporting verbs and connecting words are used. The article is referenced in Harvard referencing style with few errors. Link is provided. Reporting verbs and connecting words are used well to create flow. The article is accurately referenced in Harvard referencing style. Link is provided. Reporting verbs 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: 02-9318 8111 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 Rubrics: 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 DayApr 16, 2021SBM 1206

Answer To: Microsoft Word - SBM1206 Assessment Brief.docx Page | 1 Asia Pacific International College Pty Ltd....

Neenisha answered on Apr 20 2021
137 Votes
Part (b)
    Part(b) - Monte Carlo Simulation
        Per Tent
    S.No.    Fabric 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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