income project tempus scm meda project risk management
TRANSCRIPT
INCOME PROJECTTEMPUS SCM MEDA
Project Risk Management
INCOME PROJECTTEMPUS SCM MEDA
Projects
A project is an activity that:
Has a specific objective and scope Has a defined start and definite finish to deliver a new
element into the organisation, workplace or even the marketplace
Involves doing something that is temporary and unique Brings change in the organisation (new products, business
processes, technology, etc.) Could involve a single person or thousands Could operate within a broader process, may involve a single
department or cross organisational boundaries
INCOME PROJECTTEMPUS SCM MEDA
Objectives of a Project
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Iterative Nature of Project Management
INCOME PROJECTTEMPUS SCM MEDA
What is a project management:
INCOME PROJECTTEMPUS SCM MEDA
Managing the process whereby a team produces a unique
product, within a fixed time frame, and usually within some cost, budget, and/or resource
limitations.
INCOME PROJECTTEMPUS SCM MEDA
Why do Projects succed or Fail
Why Projects Succed
Planning Ongoing control Team organisation Defined stakeholderexpectations Leadership Appropriate scheduling of tasks
Why Projects Fail:
Underestimating complexity Disorganised deployment ofresources Unclear roles and responsibilities Unclear or differing expectations Lack of commitment Undefined schedules or deadlines
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Key dimensions for project Succes
INCOME PROJECTTEMPUS SCM MEDA
Risk Management
INCOME PROJECTTEMPUS SCM MEDA
Risk Management Framework
Picture of project characteristicsIdentify key risk areas to manageProject team members participate in risk planningAssess the chance of risk or failureDetermine risk categoriesPrioritise risks Develop strategies to reduce to acceptable level Establish ‘Risk Register’ to record and track risksPerform periodic reassessment of risks
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Example Project Risks
Lack of management commitment to the project Lack of management commitment to the project
Project scope not clearly defined and leads to additional work Project scope not clearly defined and leads to additional work
Inadequate communication within project team Inadequate communication within project team
Resource availability problems Resource availability problems Project responsibilities not clearly defined Project
responsibilities not clearly defined Project costs will overrun Project costs will overrun Software cannot support the redesigned processes Software
cannot support the redesigned processes
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Example Risks and Approaches to Mitigation
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Example Risk
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Example Risk
INCOME PROJECTTEMPUS SCM MEDA
Example Risk
INCOME PROJECTTEMPUS SCM MEDA
Example Risk
INCOME PROJECTTEMPUS SCM MEDA
Example Risk
INCOME PROJECTTEMPUS SCM MEDA
Example Risk
INCOME PROJECTTEMPUS SCM MEDA
Example Risk
INCOME PROJECTTEMPUS SCM MEDA
Conlusion
Effective Risk Management is a core element of Project Management Risks should be managed and owned (and progress monitored) Team commitment to project is essential at all levels Regular communication is vital Responsibilities should be clearly defined Tolerance should be established and budget monitored Progress against project objectives should be assessed