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Project Management

Project Management. Project Planning Risks. neil@minkley.fr. Project planning processes. Define scope & collect requirements. Create WBS. Plan risk management, identify & analyze risks. Define tasks. Plan procurements. Sequence tasks. Estimate task resources.

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Project Management

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  1. Project Management Project Planning Risks neil@minkley.fr

  2. Project planning processes Define scope & collect requirements Create WBS Plan risk management, identify & analyze risks Define tasks Plan procurements Sequence tasks Estimate task resources Develop human resource plan Plan quality Estimate task durations Plan communications Determine budget Estimate costs Develop schedule

  3. Planning processes: where do we stand? Scope defined & requirements collected WBS created Plan risk management, identify & analyze risks Tasks defined Procurements planned Tasks sequenced Task resources estimated Human resource plan developed Quality planned Task durations estimated Communications planned Budget determined Costs estimated Schedule developed

  4. Risks • The possibility of something bad happening at some time in the future • Anything that can go wrong will go wrong!

  5. Murphy’s Law From Murphy’s Law: 26th Anniversary edition by Arthur Bloch

  6. Example of poor risk management

  7. 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.

  8. Plan risk management (2) • Methodology • Roles and responsibilities • Budgeting • Timing • Risk categories • Risk impact levels

  9. Identifying & managing risks • Involves: • expert judgment, • analysis of historical data, • teamwork, • brainstorming workshops, • a “risk breakdown structure” (RBS).

  10. Risk Breakdown Structure (RBS) Technical External Organization Project Mgmt Project dependencies Suppliers and contractors Estimating Requirements Technology Resources Planning Regulatory Complexity and interfaces Funding Controlling Market Prioritization Communication Customer Performance and reliability Weather Quality From A Guide to the Project Management Body of Knowledge (“PMBOK® Guide”) published by the Project Management Institute (pmi.org).

  11. 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.

  12. Minimizing/eliminating risks (2) • Identify critical paths in the project schedule. • Include dummy tasks? Task A Dummy task 1 Task B

  13. Evaluating and acting upon risks • Probability of materialization • Impact on the project • Course of action • Cost Scope Quality Budget Schedule

  14. Example of risk evaluation

  15. Questions?

  16. Planning completed in all PM areas! Scope (Requirements) Procurement Resources Quality Risks Communications Cost (Budget) Time (Schedule)

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