Project Management
Risk Management
PMBOK – Risk Management – ITTO
Risk Management: Inputs Tools & techniques Outputs Plan Risk Management (Planning) Project Scope Statement Planning Meetings Risk Management Plan Cost Management plan Schedule Management Plan Communications Management Plan Enterprise Environmental Factors Organizational Process Assets Inputs Tools & techniques Outputs Identify Risks (Planning) Risk Management Plan Documentation Review Risk Register Activity Cost Estimates Information Gathering Technique … Continue reading
PMP – Risk Management Questions
Risk Questions Generally speaking, in what project phase are risk and opportunity greater than the amount at stake by the widest margin? Initiation Describe the difference between an internal risk and an external risk. An internal risk is under the control or influence of the project team; external is beyond control or influence. What … Continue reading
PMBOK – Risk Management – Risk Register
Risk Register – (Output of Risk Identification) List of Identified Risks (including root causes and assumptions) List of Potential Responses Root causes of Risks Updated Risk Categories (RBS which is developed in RMP is enhanced or amended) Updates after Qualitative Risk Analysis Relative Ranking or Priority list of Project Risks Risks grouped by categories List … Continue reading
PMBOK – Risk Management
Knowledge Areas Major Processes Primary Inputs Tools & Techniques Primary Outputs RISK Risk Management Planning Deciding how to approach and plan risk management activities. 1. Enterprise Environmental Factors 2. Organizational Process Assets 3. Project Scope Statement 4. Project Management Plan 1. Planning meetings and analysis 1. Risk … Continue reading
Complex projects expose risk
Like this new article notes, projects that are characterised by scale and complexity are risky: involvement of many players on one single project. there is risk associated with project timelines and another risk associated with budgets. Target-related risks have two outliers: one of total failure to meet project schedule and the milder one of project schedule … Continue reading
Checklist for Project Risk Management
Risk Management Quality Assurance Checklist Has standard been met? Checklist Yes No N/A Initial Comments 1. Was a Risk Assessment completed? 2. Have all known risks been honestly documented? 3. Has an acceptable risk mitigation scheme been identified for all known risks? a) Have those schemes been reviewed and accepted by the project team … Continue reading
Project Complexity and risk – Example Scenarios that increase the risk profile
How risky is your project and are these high risk factors addressed in your project plan as contingency?. Unknown Territory (Anything not using a templates standard design) vs standard design Undefined Vocabulary vs known Vocabulary Unclear Scope – Innovation vs Inspiration vs Clear Scope Multiple Designs and / or Variations vs Single Design Undefined Design … Continue reading
Checklist for Key Questions for Develop a Risk Management Plan
Key Questions for Develop a Risk Management Plan Risk Management Plan Quality Assurance Checklist Has standard been met? Estimation Yes No N/A Initial Comments 1. Have risks been identified? 2. Have they been prioritised? 3. Have actions been taken to reduce … Continue reading
Identify risks
Risks exist with all projects. Accordingly you should always consider what might go wrong by identifying, qualifying and quantifying risks. The best way to to do so is to work with your project team and a person or two from outside the project to brainstorm concerns about what possibly go wrong.. When you have a list … Continue reading
Checklist of 40 reasons a project could be troubled
Project conception: Project Conception Quality Assurance Checklist Has standard been met? Key Questions Yes No N/A Initial Comments 1. The Project is based on an unsound premise or an unrealistic business case; 2. Buyer failure to define clear project objectives, anticipated benefits and success criteria; 3. The Project is based on … Continue reading
Risk Management Course
Instructor: Rod Hutchings Intended For - Delegates who wish to develop a Structured Method for the Management of Risk in terms of the Risk Analysis and Risk Management processes Course Duration - 2 Days Prerequisites - None; although exposure to a project environment would be of benefit Objectives To understand the overall Management of Risk Process To be able … Continue reading
Infrastructure Project Risks
Schedule Unscheduled changes/delays Personnel turning up without notification Non-conformance – not starting/failures Reliance on external sub-contractors/organisations Technical Unplanned/unapproved changes Disasters New design not working Version control problems Hardware failure Software failure Incorrect image/version loaded Integration with existing systems Personnel Changes of personnel – CUSTOMER/Vendor Lack of skills/knowledge Not aware of policy/procedures Logistical/Equipment Supply availability Physical … Continue reading