Author: haroonkhan
-
The Common Sources of Project Risk
The first key to managing risk on your project is to know where to look for it. The good news is that 80% or more of all risks originate from the same sources on every project. After you know the project characteristics that contribute to higher risk levels and the common sources of most project…
-
The Essential Process for Managing Project Risks
To be consistent with our principles, we need a systematic approach that enables us to focus time and resources on the highest priority risk elements. The power in the process is not in its complexity—it’s relatively simple and straightforward—the power is in the management approach it inspires. Let’s review the essential steps for managing project…
-
Key Risk Management Principles
A proactive management philosophy underlies the key principles of project risk management. By effectively managing project risks using these principles, a project manager remains in control of the project at all times, enables better project decisions, and provides the project the best opportunity for success. The key principles to managing project risks include the following:
-
Introduction
Managing project risks is the ultimate in proactive project management. It is the project manager’s radar system. The goal of project management is to achieve the project’s critical success factors, including meeting the targeted business objectives and client expectations. The goal of managing project risks is to identify and prepare for any potential threat to…
-
Options for an Issue Log
Let’s take a look at the available tool options for your issue log. The most popular options are word processor, spreadsheet, database, and collaboration/workflow tools. There are advantages to each, and each can be appropriate in the right scenario. Table 13.2 provides a comparison summary for your issue log options. Caution Complex issues tend to linger and…
-
Key Features of Issue Management Systems
The actual details of the issue management system are not complicated, and in most situations they share many similarities with your change control system and risk tracking system. Although issue management systems vary in complexity and sophistication depending on your organization and the needs of your project, all issue management systems should possess the following…
-
The Goals, Objectives, and Principles of Project Issue Management
Managing project issues is an example of proactive project management. Through solid planning, effective stakeholder management, and insightful risk management, you can reduce the number of issues your project will encounter, but you cannot eliminate them. The goal of project issue management is to detect issues as early as possible. The earlier an issue is…
-
The Goals, Objectives, and Principles of Project Issue Management
Managing project issues is an example of proactive project management. Through solid planning, effective stakeholder management, and insightful risk management, you can reduce the number of issues your project will encounter, but you cannot eliminate them. The goal of project issue management is to detect issues as early as possible. The earlier an issue is…
-
Introduction
Projects are dynamic; projects often deal with the new and the leading edge; and projects involve people. As a result, circumstances change, misunderstandings occur, assumptions don’t hold, political agendas collide, problems arise, and risk events happen. These situations are categorized as project issues, and they all have the potential to adversely affect the project’s capability to…
-
Common Challenges and Pitfalls
We’ve addressed the challenges you will have on your project if you do not have a CM Plan, but even with a CM Plan, there are still some remaining pitfalls that you need to be on the lookout for: The Absolute Minimum At this point, you should have a solid understanding of the following: The…