The Triple Constraint Within Available Resources ty al

The Triple Constraint Within Available Resources ty al i Qu Co st Project Scope Schedule

Project Management Process Source: PMBOK Initiation Planning Execution Controls Closeout

The Effects of Change on Cost of Change Project Completion Implementation Design Definition Concept Project Phases

OBS X X WBS X X

SENIOR MANAGEMENT S I R I S I TEST SURVEY ON SAMPLE R I S FINALIZE SURVEY R A S I S CONDUCT SURVEY R I S COLLECT SURVEY R I S C IDENTIFY SURVEY POPULATION C DEVELOP SURVEY SUPPORT STAFF TEAM MEMBER R IDENTIFY POTENTIAL MARKET CUSTOMER R PROJECT MANAGER S MARKETING STUDY S LEGEND R - RESPONSIBLE A - APPROVE S - SUPPORT (DOES THE WORK) I - INFORM C - CONSULT R/S ANALYZE DATA REPORT RESULTS AND SUGGESTION R A S I A S

a b c b a d e f g h i j i h c f g j

C A B D Arrow Diagram Method B D Precedence Diagram Method F E H G I J C A J E F H I G

E 2 4 3 7 B 1 1 2 0 A 0 2 2 0 3 9 4 7 F 1 3 3 4 3 6 C 0 3 2 5 Activity Name Float Duration ES EF LS LF 2 5 2 2 D 5 1 3 7 5 5 G 0 2 7 5 7 H 3 8 5 1 6 8 9 7 I 0 2 9 7 J 0 1 9 9 10

Time Activity 1 2 3 4 5 6 7 8 9 Duration A 2 B 1 C 3 D 1 E 4 F 3 G 2 H 1 I 2 J 1 - Critical - Non-Critical - Slack/Float 10

Level of Detail Definitive Estimate : -5% to +10% Budget Estimate : -10% to +25% Order of Magnitude Estimate : -25% to +75% Planning Time plus Experience

H Level of Risk L Time

Probability of Occurrence 100% PRIORITY 2 RISKS (High Probability) (Low Impact) PRIORITY 1 RISKS (High Probability) (High Impact) PRIORITY 3 RISKS (Low Probability) (Low Impact) PRIORITY 2 RISKS (Low Probability) (High Impact) 50% 0 Low Medium High Negative Impact on Scope/Quality/Cost/Schedule (Risk Event Value)

Probability of Occurrence 100% PRIORITY 2 RISKS PRIORITY 1 RISKS REACTIVE MEASURES PREVENTION & REACTIVE MEASURES PRIORITY 3 RISKS PRIORITY 2 RISKS MONITOR ONLY REACTIVE MEASURES 50% 0 Low Medium High Negative Impact on Scope/Quality/Cost/Schedule (Risk Event Value)

Project Manager: Project Title: Risk Worksheet Date: Risk Worksheet Risk Description: Risk Priority: 1 Probability %: 2 3 (Circle the Priority) Risk Event Value (REV): Expected Monetary Value (EMV): Impacts: Quality Schedule Cost Scope Preventative Plan (Proactive Plan): (For Priority 1 Risks) Contingency Plan (Reactive Plan): (For Priority 1 and 2 Risks) Date of Last Review:

Risk Identification Risk Quantification Risk Monitoring Response Development