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Project Management Blog
Monday, 23 April 2007 08:27

So What?

Anyone who has teenagers or has had to deal with them will inevitably run in to one with a bad attitude.  Their whole attitude says “SO WHAT?”   As project managers we deal with a lot of issues, risks, problems and people.  Some times it makes you want to throw your hands up and say, “So what?!?!”  Actually, that might not be a bad idea.  How would that look for issues, risks, budget or schedule problems and politics? 

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Monday, 02 April 2007 08:43

Avoiding Hindsight Management

Growing up in rural western New York we had cold, long winters.  Natural gas wasn’t cheap even then.  With 4 sons and a chain saw, my dad would cut enough firewood to heat a big, four-bedroom, 2-story home from October to April. 
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Thursday, 08 March 2007 04:04

Risk Management - the Other Dimension

The issue of risks on projects is considered a critical issue for the successful completion. Often, delays, cost overruns and claims are attributed to the absence or inadequacy of a risk management exercise. In a large and complex project, a risk management exercise was run. In the process of evaluating the risks, a new dimension was proposed in order to ensure adequacy of the exercise. The exercise originally followed the well documented steps of risk management. This included:
Published in Blogs
Saturday, 27 January 2007 17:32

Risk Response Planning

Risk Response Planning is the process of developing options, and determining actions to enhance opportunities and reduce threats to the project’s objectives. It follows the Qualitative Risk Analysis and Quantitative Risk Analysis processes. It includes the identification and assignment of one or more persons (the “risk response owner”) to take responsibility for each agreed-to and funded risk response. Risk Response Planning addresses the risks by their priority, inserting resources and activities into the budget, schedule, and project management plan, as needed. 
Published in Blogs
Saturday, 27 January 2007 17:09

Risk Factors

One of the first inputs to risk management is the project charter. The charter is needed in risk management planning because it identifies the business need of the project and the overall product description. Risks that can prevent the project from satisfying the business need of the project must be addressed. The product description must also be evaluated to determine what risks may be preventing the project work from obtaining the acceptable product description. 

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Saturday, 27 January 2007 17:06

Risk Planning & Analysis

Risk analysis is a technique to identify and assess factors that may jeopardize the success of a project or achieving a goal. This technique also helps define preventive measures to reduce the probability of these factors from occurring and identify countermeasures to successfully deal with these constraints when they develop.

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Saturday, 27 January 2007 17:05

Project Risk Management

Risk Management is the process of measuring, or assessing risk and then developing strategies to manage the risk. In general, the strategies employed include transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk. The Risk Management Plan (RMP) is the document prepared by a Project manager to foresee risks, to estimate the effectiveness and to mitigate them.

 

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