Project Management, Project framework, Risk management
- 1. Project Management By V Varun
- 2. Risk Management Identify Risk Analyze Prioritize Ownership Respond Monitor
- 3. Risk Management Identify Risk Identify risk through brainstorming with the team members. • Extreme Environmental condition due to geographical location in China. • Logistics. • Local Regulations in China. Analyze Risk • Risk analysis through qualitative & quantitative analysis. • How the risk is going to impact the project – activity resources, duration & cost.
- 4. Risk Management Prioritize Risk Categorizing risks as high, medium & low. • Environmental condition & local regulations in china – High risks involved which can affect the project duration. Ownership • Assign people to oversee the risk.
- 5. Risk Management Respond Create a plan to mitigate risks so that risks doesn’t become an issue. • Make appropriate arrangement for preservation of the products. • Local rules & regulations need to be properly followed. Monitor • Monitor the progress of the initiatives taken.
- 6. Project Governance Project governance is the management framework within which project decisions are made. Therefore, the role of project governance is to provide a decision making framework that is logical, robust and repeatable to govern an organization's capital investments.
- 7. Project Governance Framework Top Management Project Director Project Manager Project Team
- 8. Conflict Resolutions Conflicts are part and parcel of managing projects whether big or small, simple or complex. And conflict management is critical to the project manager and if uncontrolled can tear the project apart. The most recommended conflict resolution is problem solving or confrontation which leads to a win-win solution for both parties.
- 9. Agile Methodology The Agile methodology is preferred over waterfall/hybrid methodology. The main benefit is the ability to change dynamically to the customers' wants and needs. A focus on the features that are the highest value to the customer. A short-fixed timeline that allows for immediate feedback from the customer and the ability to move deliverables into production
- 10. THANK YOU