Risk Management
Upcoming SlideShare
Loading in...5
×
 

Risk Management

on

  • 2,286 views

 

Statistics

Views

Total Views
2,286
Slideshare-icon Views on SlideShare
2,286
Embed Views
0

Actions

Likes
2
Downloads
128
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Risk Management Risk Management Presentation Transcript

    • Risk Management
      • The future can never be predicted with 100% accuracy.
      • Failure to plan for risks leads crisis management or firefighting
      • The lure of crisis management
        • Attention and visibility
        • Access to resources
        • Rewards
    • What is a Risk?
      • Risk is a measure of the probability and consequence of not achieving a defined project goal.
      • A probability of occurrence of that event.
      • Impact of the event occurring
      • Risks change though out the life of a project
    • Risk Management
      • Risk management is the act or practice of dealing with risk.
      • Risk management is proactive rather than reactive.
      • Risk management is not a separate activity but rather on aspect of sound project management.
    • Common Mistakes in Risk Management
      • Not understanding the benefits of Risk Management
      • Not providing adequate time or resources for Risk Management
      • Not identifying and assessing risk using a standardized approach
    • Requirements for successful risk management
      • Commitment by stakeholders
      • Stakeholder responsibility
      • Planning for risk management
      • Creation of a risk management plan
      • Committing resources to risk management
      • Top 10 risk list
        • Determine a manageable number of risks
    • Resources for Risk Management
      • When looking at the resources to commit to risk management, one needs to consider the overall project size and the impacts of the risks.
      • The Survival Guide recommends about 5% of the total project resources on specific risk management activities.
    • Risk Management Planning
      • Risk management planning is a on going process.
      • Develop a plan for risk identification.
      • Determine the resources available for risks.
        • What is available beyond the ordinary?
        • This is a good time for out of the box thinking
    • Simplified Risk Management Process
      • Risk identification
      • Risk analysis/evaluation
      • Risk planning strategies
      • Risk monitoring and control
      • Risk response
    • Risk Identification
      • The need to proactively identify risks.
        • When an event happens it is too late to plan.
      • Tools for identifying risk
        • Brainstorming
        • Nominal Group Technique
          • Each member identifies their ideas
          • Each member writes an idea on the board until all ideas are listed
    • Risk Identification
          • The group discusses each idea
          • Each individual ranks each of the ideas
          • The group then ranks all the ideas
          • Each individual ranks all the ideas again
          • Rankings are summarized
        • Delphi technique
          • Experts asked individually to provide input
          • Input summarized and distributed
          • Experts rank input
    • Risk Identification
        • Strength, Weakness, Opportunities, Threats
        • Cause and effect diagrams
        • Past Projects
    • Possible Risks
      • Creeping user requirements
      • Excessive schedule pressure
      • Low quality
      • Cost overruns
      • Poor estimates
      • Low customer satisfaction
      • Long schedules
    • Qualitative Risk Analysis
      • Probability and Impact
        • Impacts a Software Project Manager is most likely to face:
          • Costs
          • Schedule
          • Quality
        • Probability is most often determined by expert opinion and historical data
    • Qualitative Analysis
      • Cause and Effect Diagrams
      • Risk Impact Tables
    • Quantitative Risk Analysis
      • Discrete probability distributions
        • Coin toss
      • Continuous probability distributions
        • Normal distribution or bell shaped curve
      • Running simulations
        • Using PERT to study the impact.
          • PERT does identify risks it only helps understand the impact
    • Risk Response Planning
      • Who is going to detect when the risk occurs?
      • Who has the responsibility to respond and communicate?
      • What is the response?
    • Risk Strategies
      • Factors impacting the strategy
        • Impact of the risk
        • Project constraints
        • Tolerances
      • Strategy
        • Accept or Ignore
          • Provide reserves
        • Contingency plans
          • Natural disaster/backup plans
    • Risk Strategies
        • Avoidance, eliminate the risk
        • Mitigate, lessen the impact of the risk
          • Performance impact, provide extra hardware
        • Transfer the risk
          • Offsite backup planning
          • Server farms
          • Outside management
    • Risk Monitoring and Control
      • Risk monitoring
        • Determine who is responsible for monitoring
        • How are risks monitored?
          • Project tracking, resources, quality, etc
        • Communicating the status of identified risks
          • Reviews and Audits
      • Once a risk is identified as occurring
        • Communicate
        • Take action
    • Risk Response and Evaluation
      • Trigger the defined risk response plan
        • Identify the risk owner
        • Assign resources
        • Understand the impacts
          • PERTs, Dependencies
          • Communicate
      • Evaluate once action is taken
        • Is more action needed?
        • What additional risks are triggered?
    • Common Software Project Risks
      • Discussion of common risks
        • Requirements:
          • Feature creep
          • Developer gold plating
        • Quality
          • Low quality
          • Squeeze on testing time
        • Over optimism
          • Schedules
          • Tools
    • Common Software Project Risks
        • Resources
          • Not enough
          • Weak personnel
          • Contractor issues
        • Customer
          • Customer developer friction
          • Customer acceptance