RISK MANAGEMENT

Project management risks

Ambiguity in requirements
Change in requirements
Incorrect estimates
Estimation of unknown / new type of work order
Unavailability of required skills
low skill level of team members
Attrition of people with domain / project knowledge
Delay in customer feedback
Complexity of project mgmt (Large size, huge requirements, multi-locatio
n)
Tight schedule
Low moral of team
Lack of process compliance
corruption / loss of project data
Improper testing environment
Having multiple points-of-contact at customer end
Business risks
Loss of revenue - lack / adherance of accetance criteria for deliverable
s
Loss of effort owing to discontinuation of project, if there is no signe
d PO/SOW
Revenue loss due to rates being less than the pricing model
Loss of revenue - delays and defects in invoicing
Claims due to business loss suffered by customer owing to loss of confid
ential info
Lack of approvals for CRs before deploying them
Technical risks
Link failure
Technical complexity in project
use of new / unproven technology
Unrealistic performance goals
use of improper technology
Quality of application systems - delayed soln by dev team
Test data incomplete or incorrect master data setup
Test environment
Testing tools