ICPM

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.

Project Managers have a professional obligation to conduct lessons learned sessions for all projects. An example of specific lessons learned may include:

• Update of the lessons learned knowledge base
• Input to knowledge management systems
• Updated corporate policies, procedures and processes
• Improved business skills
• Overall product and service improvements
• Updates to the risk management plan

Scope verification is the process of formalizing acceptance of the project scope by the stakeholders. It requires reviewing work products and results to ensure that all were completed correctly and satisfactorily. Scope verification occurs at the end of each project phase, and as part of the project closeout process. Scope verification is concerned with stakeholder Acceptance of the work. Work is sometime denied and must be Re-Worked. 

Scope planning is the process of creating a project scope management plan that documents how the project scope will be defined, verified, controlled, and how the work breakdown structure (WBS) will be created and defined. The goal of scope planning is to create the output of the scope planning process the Project Scope Management Plan. To be successful creating the scope statement and the scope management plan, the project manager and the project team must have a full understanding of the project requirements, business need of the project, and stakeholder expectations. 

You should recognize the importance of involving stakeholders in the development of the project plan. It is the responsibility of the project manager and the project team to create an environment in which all stakeholders can contribute as appropriate, but recognize that who contributes and the level of the contribution will vary by stakeholder. There are usually a number of people who are either directly involved in a project or who have a stake in its outcome. These people are called stakeholders. The key stakeholders in most projects are: