Professional Documents
Culture Documents
Project Risk Management Slides
Project Risk Management Slides
Project Risk Management Slides
Project Risk
17-Mar-16
Some Basics
Coins
Coloured Balls
Car Park
The Archer
Type
Duration
(months)
Risk
Complexity
Technology
Type A
>18
High
High
Breakthrough
Type B
9 to 18
Medium
Medium
Current
Type C
3 to 9
Low
Low
Best of breed
Type D
<3
Very low
Very low
Practical
17-Mar-16
Test Yourself
Explain why each of the following inputs to
risk management are needed before you can
adequately complete the risk management
process
Format
INPUT
List of Inputs
Project
management process
Project background information
Project charter
Why is it needed
stakeholders
External stakeholders
Scope statement
Constraints
Assumptions
WBS
Network diagram
17-Mar-16
management system
Historical records
Lessons learnt
Risk tolerance
Risk thresholds
Planning for
Risk Management
17-Mar-16
Outcomes of
Effective Project Selection Process
Group Discussion
17-Mar-16
Better communication
Less rework
Fewer surprises
Tom Kendrick
17-Mar-16
Contains samples
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17-Mar-16
Changing environments
II.
Defining deliverables
III.
IV.
Setting limits
V.
VI.
17-Mar-16
Change Risks
Defect Risks
Change Risks
Defect Risks
Generally visible
10
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11
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12
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Evolutionary Methodologies
Evolutionary Methodologies
(contd)
Scope Documentation
Project description
Project Justification
Completion criteria
High-level risks
Technology required
Infrastructure required
13
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Risk Framework
Risk framework
14
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Scale Values
Setting Limits
Decisions to continue or to quit in
situations that involve spending more time,
more money, or both.
15
17-Mar-16
Institute)
16
17-Mar-16
By skill set
assembly)
By
geography
Johannesburg)
accounting,
Birmingham,
17
17-Mar-16
IDENTIFYING PROJECT
SCHEDULE RISK
Parkinsons Law
Work expands so as to fill the
time available for its completion.
(C. NORTHCOTE PARKINSON)
1.
2.
Activity Definition
3.
4.
Activity Sequencing
18
17-Mar-16
Delay Risks
Delay risks
Dependency risks
Estimating risks
Late delivery
Slow documentation
Defective supply
Slow decisions
Poor access
Lack of interest
Extended debates
Dependancy Risks
Lack of information
Delay
Miscommunication
Non-conformity
Rework etc.
Interfacing
19
17-Mar-16
Estimation Risks
Dependency on support
Delay
Non-conformity
Documentation
Improportional scale
Judgment error
Over-optimism
Quick planning
Learning curve issues
2-Activity Definition
Insufficient decomposition
Confusing terminology
Avoidance
Optimism
Lack of information
Granularity
20
17-Mar-16
Project-specific Factors
Resource Factors
Training requirements
21
17-Mar-16
Nonproject Factors
Holidays
Weekends
Other projects
Travel requirements
Equipment downtime
Medical leave
Historical Data
Expert Advice
Delphi Technique
22