Project Management Project Planning Risks [email protected].
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Transcript of Project Management Project Planning Risks [email protected].
![Page 2: Project Management Project Planning Risks neil@minkley.fr.](https://reader036.fdocuments.us/reader036/viewer/2022062800/56649e175503460f94b02a35/html5/thumbnails/2.jpg)
Project planning processesDefine scope &
collect requirements
Develop scheduleDetermine budget
Create WBS
Define tasks
Sequence tasks
Estimate task resources
Plan procurements
Estimate costs
Plan communications
Plan quality Estimate task
durations
Develop human resource plan
Plan risk management,
identify & analyze risks
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Planning processes: where do we stand?Scope defined
& requirements collected
Schedule developedBudget determined
WBS created
Tasks defined
Tasks sequenced
Task resources estimated
Procurements planned
Costs estimated
Communications planned
Qualityplanned Task durations
estimated
Human resource plan developed
Plan risk management,
identify & analyze risks
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Risks The possibility of something bad happening
at some time in the future Anything that can go wrong will go wrong!
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Murphy’s Law
From Murphy’s Law: 26th Anniversary edition by Arthur Bloch
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Example of poor risk management
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Plan risk management (1) Define how to conduct risk management for
the project. Ensure that sufficient time and resources are
allocated to risk management. Take into account the relationship with other
areas of the project management plan. Identify risks and take action to mitigate or
eliminate them.
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Plan risk management (2) Methodology Roles and responsibilities Budgeting Timing Risk categories Risk impact levels
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Identifying & managing risks Involves:
expert judgment, analysis of historical data, teamwork, brainstorming workshops, a “risk breakdown structure” (RBS).
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Risk Breakdown Structure (RBS)Technical External Organization Project Mgmt
Requirements
Technology
Complexity & Interfaces
Performance & Reliability
Quality
Suppliers & Contractors
Policies & Regulations
Market
Political situation
Weather
Project dependencies
Resources
Funding
Prioritization
Estimating
Planning
Controlling
Communication
Derived from A Guide to the Project Management Body of Knowledge (“PMBOK® Guide”) published by the Project Management Institute (pmi.org).
Client & Customers
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Minimizing/eliminating risks (1) Make sure that requirements are comprehensive
and unambiguous. Make sure that the WBS and description of tasks in
WPs are comprehensive. Clearly identify all of the dependencies between
tasks.
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Minimizing/eliminating risks (2) Identify critical paths in the project schedule. Include dummy tasks?
Dummy task 1Task A Task B
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Evaluating and acting upon risks Probability of materialization Impact on the project Course of action Cost
Scope
ScheduleBudget
Quality
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Example of risk evaluation
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Questions?
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Planning completed in all PM areas!Scope (Requirements)
Time (Schedule)Cost (Budget)
Procurement
Communications
Quality
Resources
Risks