PROJ_Jan25_HCERTPM_PRM5_Final_20250416074632_120206
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PROGRAMME Higher Certificate in Project Management
MODULE Project Risk Management
YEAR One (1)
INTAKE January 2025
MARKS 60
SECTION A [60 MARKS]
Anwer ALL the questions in this section.
Instructions:
Read the brief scenario presented below and answer the questions that follow. You must consult your module guide and
prescribed text. It is further required of you to go beyond the module guide and prescribed text and to research, using valid
sources, current literature not older than FIVE (5) years, in responding to the questions. You MUST cite the relevant theory
where applicable and in other questions, apply the theory directly in creating project management artefacts.
AstraZeneca -Covid 19
Under intense pressure during the global pandemic, AstraZeneca met the global need for Covid-19 vaccines by leveraging
PMI standards. AstraZeneca partnered with the University of Oxford to address the vaccine problem; this work included
managing clinical trials while simultaneously ramping up manufacturing capacity. As customers were mainly governments
seeking to immunize their populations, each government brought its own regulatory requirements and compliance
framework challenges. The AstraZeneca team put in place the project management infrastructure necessary to address
some of the complex challenges including finding experienced vaccine development internal project managers;
implementing project management processes to develop the vaccine at great speed; and establishing an internal
government contracting organization that could support the project. One of the key foundations of the project management
infrastructure was the rapid setup of the R&D division’s first PMO office using insight from PMI’s flagship publication, A
Guide to the Project Management Body of Knowledge (PMBOK® Guide). As of July 2021, AstraZeneca has released 1
billion doses for supply to 170 countries.
Source: AstraZeneca Covid 19 (Financial Times)
Question 1 (20 Marks)
You have been hired as a project consultant for a pharmaceutical company developing a new vaccine
under tight time constraints. Drawing on the 10 golden rules of project risk management as outlined by
Jutte (2012), create a risk management strategy for the project. Your strategy should include:
· Application of the 10 golden rules (10 marks)
·Identification of key risks associated with vaccine development. (5 marks)
·Risk response measures based on AstraZeneca’s experience during the COVID-19 pandemic. (3
marks)
·Support your response with practical recommendations on embedding risk management in a high-
stakes, time-sensitive project. (2 marks)
Question 2 (20 Marks)
You are leading a project to develop and distribute a COVID-19 vaccine in collaboration with a research
institution. Develop a Risk Management Plan for your project. Explain how each component
contributes to ensuring effective risk management and mitigating potential disruptions. Use examples
relevant to the pharmaceutical industry.
Question 3 (20 Marks)
You have been appointed as the Risk Manager for a large-scale pharmaceutical project involving
multiple stakeholders and strict deadlines. Create a detailed Risk Register for this project (ensure that
you create FIVE risks).
