You work for the IT organization in an American company that owns and manages five family-oriented theme parks under a well known brand in the Midwest. The flagship, original park is situated on a stunning 6,000 acre lot on a hill overlooking a large, beautiful lake.

You have been working in the company as a software developer, and you have had some success on projects involving migrating software to new versions, moving to cloud services, and addressing difficult technical issues in a variety of technology areas in the company. Most important, you are becoming known for your “people” skills, dealing well with emotional customers under stressful situations. You don’t really know what that means. After all, you are just doing your job. You have a reasonable expectation that in the next few years, you will be promoted to oversee a team of developers in the data center.

One day in late February you are called in to a meeting with the CIO for the company (your boss’s boss). It is a little alarming because you have never had a conversation with this lady, only saying “Hi” to her as she passed by in the hallway. You are then pleased to learn that she has heard good things about your work, and surprised when she assigns you to be the project manager for a project aimed at building a mobile application to help the park customers get directions in real time to the various thrill rides and get an estimated number of minutes they might have to wait in line to take each ride. She hints that if you do well, you will be on a management fast track.

The CIO is very excited about the new app, in large part because other theme parks, like Hersheypark, Busch Gardens and Disneyworld have already started to work on their own mobile apps. The potential downside of this assignment is that she does not say you are able to work full time on the project. Apparently your current work on other projects and service issues continues. It’s your problem, not hers.

The CIO wants to make a big splash by unveiling the new mobile app on the opening day for all five theme parks, which is always scheduled on Mother’s Day, May 11. The CIO does not seem to be too worried abut the short time to implementation. She tells you that she has already identified a small firm in Palo Alto, in southern California. Turns out the head of the firm was a mentor for her when she started her career after attending Stanford University. “This is a pretty straightforward turn-key application,” she says casually.

ASSIGNMENT: Identify three risks, then describe mitigation measures you would take to prevent each risk from occurring (or lessening their impact). Use at least 200 words for each risk.

Risk 1

[Insert Name of Risk]

[Insert Category: Scope, Resource or Schedule]

[Insert Mitigation measure(s)]

Risk 2

[Insert Name of Risk]

[Insert Category: Scope, Resource or Schedule]

[Insert Mitigation measure(s)]

Risk 3

[Insert Name of Risk]

[Insert Category: Scope, Resource or Schedule]

[Insert Mitigation measure(s)]

Assignment Details

Who Wants to Be a Millionaire?

1. You just won $1 million dollars in the lottery! They offer you two options for your winnings: a lump sum payment right now, or $100,000 a year over the next 10 years. Current 10-year interest rates are at 5%, and the current tax on lottery winnings is 40%.
   • What is the amount you will receive today with the lump sum option?
   • Which option would you select? How would you present your argument for your decision in a debate?
2. Sorry, you didn’t win the lottery, but here’s a way you can still be a millionaire! Starting at age 22, every night you take $5 out of your pocket and put it in a manila envelope (title it “Lottery Winnings”). At the end of the year, you place the money from the envelope in a stock fund with an average interest rate of 10%.
   • How much will you have in the account when you retire at age 65?
   • What would be different if you started this plan later in your life?

Your submitted assignment must include the following:

Submit a double-spaced Word document of 1–2 pages that contains your answers to the four questions listed in the assignment description, any calculations you performed, and all formulae that were used. Also, in the Word document, insert an Excel spreadsheet that shows how you arrived at your answers, or screenshot of the online calculator utilized with your answers shown.

The use of 3 scholarly sources (e.g., textbook, article from the CEC Library) is required.

If you are planning to repurpose an assignment or submit one you have used before, please let your instructor know. If an instructor is not made aware of work being repurposed or reused, he or she will treat the assignment as a plagiarized task and reserves the right to post an F grade and submit a task for review to administration until proof of originality is provided. Click here for more information.