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Risk management part 2

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Sharon

Sharon


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  • We only progressed to here on Thursday 11 october
  • Transcript

    • 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
    • 13. http://www.youtube.com/watch?v=7- x7W_tZ30Q jimbohttp://www.youtube.com/watch?v=sPBYXuqITK g&feature=related Fun@ grand canyon – will reinforce messages so far.
    • 14.  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.
    • 15. 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.
    • 16.  Lunch
    • 17.  Powerpoint pres. ◦ Last week’s progress & Some feedback ◦ Closeout report ◦ Structure Comms Plan ◦ Risk Threshold ◦ Balance of Risk Management & PM ◦ Monitor and control project risksMorning Tea Discussion 2. & Assessment Item 3. – Great Taste of Manly Monitoring Risks Progress reportLunch ◦ Fred’s Shed RMP – due 2 November ◦ Finish Assessment Item 3. ◦ Complete assessment items – do what you haven’t yet finished
    • 18.  ???? Cost, Schedule Morning Tea Risk Management Plan for Fred’s shed Lunch Continue Risk Management Plan Or Activities 1,2 & 3.
    • 19.  Brainstorming – you are the experts on Fred’s Shed
    • 20.  3. Assess risk management outcomes Assessment strategies for evolving risk Tools & techniques - variances Who needs to be toldMorning 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
    • 21. http://www.youtube.com/watch?v=7- x7W_tZ30Q jimbohttp://www.youtube.com/watch?v=sPBYXuqITK g&feature=related Fun@ grand canyon – will reinforce messages so far.