Use this tag for questions about the recording, management and mitigation of project risk related to budget, schedule etc.

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1
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1answer
77 views

What is the best book/guide to help explain how to manage projects by risk? [closed]

Our projects are very much risk focused and I'm keen to find ways to improve how we identify and manage risks. I've noticed that "Proactive Risk Management: Controlling Uncertainty in Product ...
1
vote
1answer
41 views

Quality and Risk

Trying to understand the entailment between Quality and Risk, can we state that "Non Conformance to Quality Leads to Materialization of Risk (Known/Unknown)"? If this statement is true, how ...
3
votes
3answers
224 views

How to do risk profiling?

I've recently started working on a data center migration project for a large financial services client. One of the tasks I'm accountable is risk profiling the migration based on the as-is and to-be ...
0
votes
3answers
99 views

FixedPrice but customer wants all risks are handled by their side

Here is an interesting situation we have been put in. We developed a proposal that includes deliverables, work packages and their estimates, risks etc. Also we planned some contingency for risky ...
6
votes
2answers
471 views

How do you plan for risks in your project's estimates?

I have been working on the risk-management topic in software development for a while. According to the different literature there could be knowns knowns (typical risks), known unknowns (product ...
12
votes
3answers
445 views

How to manage risk of “just in time” delivery?

One of the functional units involved with most of our projects has a philosophy of "just-in-time" completion of deliverables. I believe that the root cause of this is understaffing or inefficient use ...
5
votes
4answers
4k views

How is Risk Management in Agile Development Different From Risk Management in Waterfall Model?

In a typical project lifecycle, as a manager you are expected to have a risk plan which (please correct me if I'm wrong) consists of identifying, assessing and prioritizing all potential risks of the ...
11
votes
2answers
133 views

Who is responsible for the proper license handling in a software project?

I recently participated in a discussion where we wanted to find out what kinds of open-source software we can use in our production system. The corporate guidance is not clear, and the project members ...
3
votes
3answers
534 views

distinguishing between impediments and risks

To me they both seem to be issues that negatively impact the project. So how to tell the difference? When identifying these 'issues', how do project managers determine whether or not it is a risk or ...
3
votes
2answers
86 views

Creating synopses of existing movies - hire a team, or crowdsource?

To create a movie database website for a regional language industry, I would like to know whats the best way to acquire/build a large collection of movie synopses for my site. Currently I have thought ...
5
votes
3answers
161 views

How to approach a supervisor about the high risk of failure of his/her project?

In the event a manager takes on a particularly ambitious project, it is quite possible s/he has done so with a lack of understanding of the level of expertise or time needed to complete the task. It's ...
14
votes
4answers
689 views

GitHub Hacked? What to do When the Ignored Developer Strikes Back?

Today's news is that a developer hacked github. He found a vulnerability in Ruby on Rails, reported it and since nothing had happened - he was ignored and considered as a troll -, he used the ...
6
votes
5answers
987 views

What you would do in this situation? Support a critical error for a client or observe your deadline with the other?

I have been interviewed yesterday as a team leader for a start-up, and I was asked this: Suppose you have a deadline for a client tomorrow and there is much pressure on your team to finish it and ...
5
votes
3answers
932 views

Should a Risk Management Plan include a Risk Register?

Is it within the scope of a Risk Management Plan document to include a Risk Register? Or should a Risk Register be created separately, and the plan merely state that a register will be created?
2
votes
4answers
264 views

In an agile project how should PM try to find risks upfront and if yes how?

Usually in an agile process such as scrum we don't do an initial analysis as in waterfall model. How to identify project risk in agile process.
3
votes
4answers
318 views

Would this be a good way of reporting?

I do not know whether I am reinventing the wheel, but I have never come across the following reporting method. I imagine that if I was to choose a single metric to report to upper management about a ...
5
votes
4answers
182 views

Risk Management - minimum data?

I'd like to come up with a "3x5 card risk board" which is essentially a movable dry-erase board where 3x5 sticky cards can be posted by the team and moved/reviewed daily/weekly as needed. (I use the ...
6
votes
6answers
353 views

Should the customer be informed about an overall project risk score?

One of the outputs from Qualitative Risk Analysis is project Risk Score, which is an indicator of project success probability. This indicator explicitly tells a project manager what is the likelihood ...
5
votes
2answers
176 views

Public risk taxonomies/lists? [closed]

I'm trying to find publicly available lists of risks which I can use in my own risk identification processes. Maybe risk taxonomies or just risk lists. Can anyone share such links?
1
vote
2answers
142 views

What is the Procedure For Handling High Risk Involving Another Team's Conflicting Goals?

I am working on an ongoing project which spans over the course of several years. The project has moved to the stage where the product we're building has customers. Our management structure is the ...
5
votes
5answers
3k views

How to calculate budget margin?

Say a work package (containing several tasks) is estimated to take between 320 (Most likely) and 480 (Worst case) hours of work (not duration) to complete. Because of some dependencies and the ...
9
votes
9answers
7k views

How to identify risks?

What risk identification methods you recommend to use? If a project manager needs to build a raw list of risks containing, say, 100 items, how would he/she do it? As I understand, brain storming is ...
6
votes
5answers
290 views

Risk Register is a public document in a project?

Risk Register normally contains very sensitive information about potential problems. Some of them sound very scary like "we may loose our key sponsor" or "our CTO may eventually leave the company". ...
6
votes
3answers
450 views

How do you allocate people to very small projects?

I've seen many organisations where project managers would reason like this: We specialise in very small projects. Since a very small project needs a very small team, I should allocate one ...
7
votes
1answer
163 views

How many risks normally stay in your hot list?

How many risks do you manage actively out of your Risk Registry? And how many residual risks do you have there?
9
votes
4answers
5k views

How do you measure risk?

As a related question to: What's the best definition and explanation of project risk? What is the most useful way of measuring risk? I've been thought it's best to measure it in additional monetary ...
26
votes
6answers
16k views

What's the best definition and explanation of project risk?

I've had trouble in the past explaining project risk to non-PMs. For me the key element I struggle to get people to accept is that a risk is something outside the control of those on the project ...