Part 1: 

Analyzing Negative and Positive Risks

[WLO: 1] [CLOs: 1, 2]

Like any project, IT projects are likely to face several risks. Review the section in your textbook on the four basic risk response strategies for negative risks, and the four basic risk response strategies for positive risks.

Then, consider the project described in the Week 2 Assignment, of a company building a new divisional headquarters. Discuss two negative and two positive risks that the IT portion of this project might face. Then, using the basic risk responses strategies outlined in your textbook, choose the risk response that you think will best address each risk. Finally, explain why you chose this response over one of the other responses outlined in the textbook.

The assignment

• Must be 900 words in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center (Links to an external site.).
• Must include a separate title page with the following:
  • Title of paper
  • Student’s name
  • Course name and number
  • Instructor’s name
  • Date submitted
• Must use contextual (Level One) headings to organize your paper and your thoughts.
• Must use at least two scholarly sources in addition to the course text.
  • The Scholarly, Peer Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types.  If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
• Must document all sources in APA style as outlined in the Writing Center.
• Must include a separate references page that is formatted according to APA style as outlined in the  Writing Center.

Part 2:

 Types of Project Contracts [WLO: 1] [CLOs: 1, 2]

Your textbook describes several types of contracts including the following:

• Fixed-price
• Cost-reimbursable
• Cost plus incentive fee (CPIF)
• Cost plus fixed fee (CPFF)
• Cost plus award fee (CPAF)
• Cost plus percentage of costs (CPPC)
• Time and material

Select any two of the contract types and explain how they work, if the buyer or seller assumes more risk. Describe the advantages and disadvantages of each type of contract from the project manager's perspective. Then, explain what the ideal situation or project for would be each type of contract, and why.  Must be 200 words

Part 3:

The Pros and Cons of Outsourcing

[WLO: 2] [CLOs: 1, 2]

IT outsourcing is a topic that many organizations have to consider. Using the Ashford library resources and/or Forbes.com, find at least two articles on IT outsourcing.  Then write a paper covering the following:

• A brief summary of each article
• At least 3 examples of possible positive outsourcing outcomes
• At least 3 examples of possible negative outsourcing outcomes
• Argue for or against IT outsourcing after reading both articles, specifying if either article has influenced your opinions

The assignment

• Must be 900 words in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center (Links to an external site.).
• Must include a separate title page with the following:
  • Title of paper
  • Student’s name
  • Course name and number
  • Instructor’s name
  • Date submitted
• Must include contextual (Level One) headings to organize your paper and your thoughts.
• Must use at least 2 scholarly sources in addition to the course text.
  • The Scholarly, Peer Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types.  If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
• Must document all sources in APA style as outlined in the Writing Center.
• Must include a separate references page that is formatted according to APA style as outlined in the Writing Center