Risk management part 2
- 1. Diploma Project Management Captain Cook College Sharon Boyle
- 2. Introduced Risk Management concepts Attempted Activity 1, 2 & 3 Discuss results for Activity 1 & 2 Risk Assessment for Great Tastes of Manly – due in last week ? ? ? Risk Assessment & Risk Register tables not good – re-typed Risk Assessment Item 2. due 2 November ◦ Today revised template available for Fred’s Shed
- 3. From Assessments ◦ Close out process - lots of things go on here Cost, Quality, Schedule, Risk, Procurement ◦ Structure of Communication plan From my re-typing ◦ Risk Threshold
- 4. As a minimum Always an introduction ◦ 2 sentences!!! Stakeholder analysis showing ◦ Who & their roles/power ◦ Why & how ◦ internal and external stakeholders Networks – ie who & possibly covered above Close-out procedures PMIS – for this exercise just convince me you have thought about it. ◦ What sort eg pen & paper or computer based, ◦ Where is the info coming from ◦ Why are you doing this.
- 5. 1. Determine project risks 2. Monitor and control project risks 3. Assess risk management outcomes
- 6. Identify, document and analyse risks, in consultation with stakeholders and higher project authority Use established risk management techniques & tools, within delegated authority, to ◦ analyse risks, ◦ assess options ◦ recommend preferred risk approaches Develop risk management plans, secure agreement of stakeholders and communicate plans Establish designated risk management processes and procedures
- 7. personal experience subject matter experts conducting or supervising qualitative and/or quantitative risk analysis, ◦ schedule simulation – using multiple Gantt charts ◦ decision analysis ◦ contingency planning – what if? ◦ alternative strategy development – what if? ◦ using specialist risk analysis tools
- 8. Please fill in and submit Get these to me as a matter of urgency
- 9. communication with stakeholders, dispute resolution & modification procedures implementation of risk control trigger mechanisms measurement of actual progress against planned milestones – ◦ remember our baselines (or starting point)? recording and reporting of major variance ◦ how far are we from the baseline? setting key milestones ◦ If we have reached this milestone how are our risks?
- 10. Manage using established project & risk management plans to ensure achievement of objectives Monitor progress against project plans to ◦ identify variances ◦ recommend responses Implement agreed ◦ risk responses ◦ modify plans to reflect changing
- 11. We used the risk assessment table For what purpose? Priorities??? Judgements????
- 12. Review project outcomes to determine effectiveness of risk management processes and procedures Identify & document ◦ risk issues and ◦ recommend improvements ◦ pass on to higher project authority for application in future projects
- 14. http://www.youtube.com/watch?v=7- x7W_tZ30Q jimbo http://www.youtube.com/watch?v=sPBYXuqITK g&feature=related Fun@ grand canyon – will reinforce messages so far.
- 16. Progress or Status report ◦ Lots of things go in here – but focus on Risk. Great Tastes of Manly ◦ 48 hours from start & there is a real threat to power security – brown outs due to major network glitch. What do we do? What impact is this likely to have? Who do we tell/get to do something? How do we report this – think Status report.
- 17. Great Tastes of Manly Scope the ideas/risk properly – ◦ ask the correct people Look at our risk register ◦ Does any of this change? ◦ If so, how? ◦ Re-assess the risks Report using Status report.
- 18. Lunch
- 19. Powerpoint pres. ◦ Last week’s progress & Some feedback ◦ Closeout report ◦ Structure Comms Plan ◦ Risk Threshold ◦ Balance of Risk Management & PM ◦ Monitor and control project risks Morning Tea Discussion 2. & Assessment Item 3. – Great Taste of Manly Monitoring Risks Progress report Lunch ◦ Fred’s Shed RMP – due 2 November ◦ Finish Assessment Item 3. ◦ Complete assessment items – do what you haven’t yet finished
- 20. ???? Cost, Schedule Morning Tea Risk Management Plan for Fred’s shed Lunch Continue Risk Management Plan Or Activities 1,2 & 3.
- 21. Brainstorming – you are the experts on Fred’s Shed
- 22. 3. Assess risk management outcomes Assessment strategies for evolving risk Tools & techniques - variances Who needs to be told Morning Tea Discussion 2. Great Tastes of Manly big changes a week out – Status report. Lunch Some changes in risks for Fred’s Shed Do up status report for Fred’s Shed Due 2 Nov
- 24. http://www.youtube.com/watch?v=7- x7W_tZ30Q jimbo http://www.youtube.com/watch?v=sPBYXuqITK g&feature=related Fun@ grand canyon – will reinforce messages so far.
Editor's Notes
- #19: We only progressed to here on Thursday 11 october