Project Planning Risk Management Business Risk 1.Building an excellent product that none really want. 2.Building a product that no longer fit into the overall business strategies. 3.Building a product that the sales force does not understand how to sell. 4.Losing the support of Senior Manager due to change in focus. 5.Losing budgetary or personal Commitment.
Project Planning Risk Management Risk Breakdown Structure A risk breakdown structure is a hierarchy of potential risk categories for a project. Similar to a work breakdown structure but used to identify and categorize risks.
Project Planning Sample of Risk Breakdown Structure IT Project Business Competitors Suppliers Cash flow Technical Hardware Software Network Organizational Executive support User support Team support Project Management Estimates Communication Resources
Project Planning Risk Management If you don’t actively attack the risks The risks will actively attack you. Tom Gilb.
Project Planning Risk Assessment Risk Identification, You will: select the best methods to identify potential risks examine all sources of possible risks identify all potential risks whether they are random, internal or external to the organization examine each risk from the perspective of both internal and external stakeholders.
Project Planning Risk Assessment - Risk identification Selecting methods to identify risks When you undertake this step to identify risks, it is essential that those you consult are knowledgeable about the activity you are reviewing. Where the activity is complex, it may be best to work with a group.
Project Planning Risk Assessment – Risk identification Internal methods of identifying risks: Look at the records of previous activities. Examine the results of personal, local or overseas experience. Arrange interviews and discussions with stakeholders. Distribute surveys and questionnaires to stakeholders. Conduct audits and physical inspections. Directly observe the activity. Analyst specific scenarios.
Project Planning Risk Assessment – Risk identification External methods of identifying risks: Employ professional consultants, e.g. lawyers, accountants, and workplace health and safety officers. Employ industry specialists, e.g. marketers, business consultants and risk consultants. Consult associated professional organisations, e.g. Hoteliers' Association. Conduct your own research using industry publications, newspapers and insurance tables.
Project Planning Risk Assessment – Risk identification แนวทางเพื่อนำไปใช้ในการกำหนดความเสี่ยง: Risk TypePossible Risk Requirements Mismatch Requirement Change which requires major rework Lack of customer involvement Excessive Requirements People Personal Shortfalls Skill mismatch/Lack of knowledge Success model clashes
Project Planning Risk Control – Risk Resolution Risk Mitigation Technique RiskRisk Mitigation Techniques Personal Shortfalls/ Lack of application domain knowledge Define Project-Specific training program. Put some more resources. Provide longer schedule for initial learning time. Requirement Changes Define change Policy/Plan/Process Stakeholders agreement for all changes / Sign off Requirement Mismatch Put prototype in Plan Estimate for effort / Schedule
Project Planning Risk Control – Risk Resolution Risk Mitigation Technique RiskRisk Mitigation Techniques Underestimated scheduleTracking progress and revise plan frequently. Revise plan must be made. User Interface mismatch Prototyping Scenarios User characterization Legacy Software Design recovery Phase out options analysis Wrappers/Mediators/Restructuring
Project Planning Risk Control – Risk Monitoring ตัวอย่างเอกสารที่ใช้ในการติดตามความเสี่ยง Risk # Risk Items Last Week Rank # Probability [0-1] Loss [1-10] Risk Exposure Rank Plan # MitigationStatus 1 2 3
Project Planning Risk Management – MMMMM Measure realize what risks you face, assess their probability and impact. Minimize identify what could be done to remove or reduce risks and do it Mention speak to the sponsor, don't keep risks secret
Project Planning Risk Management – MMMMM Monitor keep risks under review, monitor and reduce them as you go along Modify share your experience, update your company's risk checklists