Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Risk management part 2

891 views

Published on

Sharon

  • Be the first to comment

  • Be the first to like this

Risk management part 2

  1. 1. Diploma Project Management Captain Cook College Sharon Boyle
  2. 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. 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. 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. 5.  1. Determine project risks 2. Monitor and control project risks 3. Assess risk management outcomes
  6. 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. 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. 8.  Please fill in and submit Get these to me as a matter of urgency
  9. 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. 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. 11.  We used the risk assessment table For what purpose? Priorities??? Judgements????
  12. 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. 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. 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. 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. 16.  Lunch
  17. 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. 18.  ???? Cost, Schedule Morning Tea Risk Management Plan for Fred’s shed Lunch Continue Risk Management Plan Or Activities 1,2 & 3.
  19. 19.  Brainstorming – you are the experts on Fred’s Shed
  20. 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. 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.

×