Project Management Project Planning Risks neilminkley fr Project

Project Management Project Planning Risks neil@minkley. fr

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

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

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

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

Example of poor risk management

Plan risk management (1) Ø Define how to conduct risk management for the project. Ø Ensure that sufficient time and resources are allocated to risk management. Ø Take into account the relationship with other areas of the project management plan. Ø Identify risks and take action to mitigate or eliminate them.

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

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

Risk Breakdown Structure (RBS) Technical External Organization Project Mgmt Requirements Suppliers & Contractors Project dependencies Estimating Technology Client & Customers Resources Planning Complexity & Interfaces Market Funding Controlling Prioritization Communication Performance & Reliability Policies & Regulations Political situation Quality Weather Derived from A Guide to the Project Management Body of Knowledge (“PMBOK® Guide”) published by the Project Management Institute (pmi. org).

Minimizing/eliminating risks (1) Ø Make sure that requirements are comprehensive and unambiguous. Ø Make sure that the WBS and description of tasks in WPs are comprehensive. Ø Clearly identify all of the dependencies between tasks.

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

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

Example of risk evaluation

Questions?

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