Project Management
By V Varun
Risk Management
 Identify Risk
 Analyze
 Prioritize
 Ownership
 Respond
 Monitor
Risk Management
 Identify Risk
Identify risk through brainstorming with the team members.
• Extreme Environmental condition due to geographical location in
China.
• Logistics.
• Local Regulations in China.
 Analyze Risk
• Risk analysis through qualitative & quantitative analysis.
• How the risk is going to impact the project – activity resources,
duration & cost.
Risk Management
 Prioritize Risk
Categorizing risks as high, medium & low.
• Environmental condition & local regulations in china – High risks
involved which can affect the project duration.
 Ownership
• Assign people to oversee the risk.
Risk Management
 Respond
Create a plan to mitigate risks so that risks doesn’t become an issue.
• Make appropriate arrangement for preservation of the products.
• Local rules & regulations need to be properly followed.
 Monitor
• Monitor the progress of the initiatives taken.
Project Governance
Project governance is the management framework within
which project decisions are made. Therefore, the role of project
governance is to provide a decision making framework that is logical,
robust and repeatable to govern an organization's capital
investments.
Project Governance Framework
Top Management
Project Director
Project Manager
Project Team
Conflict Resolutions
Conflicts are part and parcel of managing projects whether big or
small, simple or complex. And conflict management is critical to the
project manager and if uncontrolled can tear the project apart.
The most recommended conflict resolution is problem solving or
confrontation which leads to a win-win solution for both parties.
Agile Methodology
The Agile methodology is preferred over waterfall/hybrid methodology.
The main benefit is the ability to change dynamically to the customers'
wants and needs. A focus on the features that are the highest value to the
customer. A short-fixed timeline that allows for immediate feedback from
the customer and the ability to move deliverables into production
THANK YOU

Project Management, Project framework, Risk management

  • 1.
  • 2.
    Risk Management  IdentifyRisk  Analyze  Prioritize  Ownership  Respond  Monitor
  • 3.
    Risk Management  IdentifyRisk Identify risk through brainstorming with the team members. • Extreme Environmental condition due to geographical location in China. • Logistics. • Local Regulations in China.  Analyze Risk • Risk analysis through qualitative & quantitative analysis. • How the risk is going to impact the project – activity resources, duration & cost.
  • 4.
    Risk Management  PrioritizeRisk Categorizing risks as high, medium & low. • Environmental condition & local regulations in china – High risks involved which can affect the project duration.  Ownership • Assign people to oversee the risk.
  • 5.
    Risk Management  Respond Createa plan to mitigate risks so that risks doesn’t become an issue. • Make appropriate arrangement for preservation of the products. • Local rules & regulations need to be properly followed.  Monitor • Monitor the progress of the initiatives taken.
  • 6.
    Project Governance Project governanceis the management framework within which project decisions are made. Therefore, the role of project governance is to provide a decision making framework that is logical, robust and repeatable to govern an organization's capital investments.
  • 7.
    Project Governance Framework TopManagement Project Director Project Manager Project Team
  • 8.
    Conflict Resolutions Conflicts arepart and parcel of managing projects whether big or small, simple or complex. And conflict management is critical to the project manager and if uncontrolled can tear the project apart. The most recommended conflict resolution is problem solving or confrontation which leads to a win-win solution for both parties.
  • 9.
    Agile Methodology The Agilemethodology is preferred over waterfall/hybrid methodology. The main benefit is the ability to change dynamically to the customers' wants and needs. A focus on the features that are the highest value to the customer. A short-fixed timeline that allows for immediate feedback from the customer and the ability to move deliverables into production
  • 10.