This tag is about documenting risk, handling risk, risk estimations, cross-team project risk, and any other risk that may affect the outcome of a project.

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Road transportation business - What are the best practices [on hold]

Recently my retired father had started a road transportation business (goods carrier) located in India. He managed to buy a truck with a finance support from bank. We both have very very less ...
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6answers
115 views

How should we assess “Build vs. Buy” for an ERP System?

Background We are about to make a huge decision and change of ERP. The current solution is outdated and failing on us. The burning question is: Do we buy a solution like SAP, PeopleSoft, Oracle or do ...
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4answers
118 views

Agile Development and when to deliver

Agile promotes the use of giving your software to users as soon as possible so they can provide feedback and so we overcome the Waterfall problem of making an app no one wants. But recently, I ran ...
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4answers
101 views

Assumptions and Constaints and Risk Management

How do you deal with assumptions and constraints and managing risks? Do you consider assumptions and constraints risks themselves or drivers of risks or not risks as all? Why or why not? I know ...
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1answer
75 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 ...
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1answer
39 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 ...
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6answers
1k views

What can I do to mitigate the risk presented by moderately skilled developers?

We are about to start a new project which is very serious. That will be a mobile project, and the target users is the whole population of a country. The client expects more than 1 million downloads ...
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3answers
166 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 ...
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1answer
68 views

Scalability of Scrum [closed]

Is scrum scalable? Can it be employed in large scale non-IT projects? I have gone through some articles and views on the Internet, which suggest that scrum can be employed in non-IT projects. But I ...
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3answers
83 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 ...
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3answers
306 views

How can a project manager mitigate the risks associated with a low bus factor?

Important Note: This question was inspired by an earlier question that was community-edited to fit PMSE's on-topic criteria. The OP's original question was considered off-topic, but it inspired this ...
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2answers
408 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 ...
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2answers
152 views

How can we manage schedule risks brought into a project by 3rd party software?

Working in web-development, I face a common situation when clients want to use 3rd party software as a starting point of the project. That could be a CMS, an e-commerce site, or something else. ...
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5answers
985 views

Scope, Time & Cost Triangle Balancing To Motivate Team and Satisfy Client

I have worked on two start-up firms and observed that our product managers over promises (at least from my vantage) to our client always. The projects in which our team members have been worked out ...
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4answers
484 views

Action Trackers, Risk and Issue Registers, Schedule

There is a lot of discussion around maintaining different types of trackers or registers to monitor and control project activities, risks, issues, sub-projects, various tasks, and whatever else of ...
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4answers
119 views

How to handle costly risks?

In general risk costs are not estimated as part of the initial estimates. How do you handle these costs? Through Change Requests? Any other thoughts on these costs? What is the best way to ...
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4answers
2k views

Modelling schedule uncertainty in Microsoft Project 2010+

Microsoft Project 2010 (and 2013) no longer contain PERT charts. With this in mind, what is the recommended way to model uncertainty in project time estimates? UPDATE: I only brought up PERT diagrams ...
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2answers
162 views

When is “control of a software project” less important?

In the article titled Software Engineering: An Idea Whose Time Has Come and Gone?, Tom DeMarco says that: To understand control’s real role, you need to distinguish between two drastically ...
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1answer
70 views

Mitigation Plan for revenue outflows arising from unresolved implementation issues in change management gaps [closed]

Good day! Looking for recommendations / mitigation plans for revenue outflows arising from unresolved implementation issues and change management gaps?
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5answers
507 views

How should a project manager assess probationary employees?

I'm a new project manager, and I have the authority to accept new employees who are still on probation. I'm assigning points to people in the following categories: Attitude Skills Teamwork Is ...
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4answers
3k 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 ...
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2answers
634 views

Firm Fixed Price Contracts and Binding the Work

For scope that is reasonably explicit, many customers choose to purchase services under a firm fixed price contract in order to remove cost risk. It is essentially transferring risk to the seller as ...
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6answers
148 views

Can decision making software be used to supplement or replace decision making?

Purpose : Need to make a few business decisions. There are 2 ways to go about it. Each of these have multiple ways to go about. So, it is a randomly nested decision flow path. Need a system with ...
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3answers
463 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 ...
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3answers
159 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 ...
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6answers
1k views

Risk Management: How do you overcome risk resistance?

We know that risk management touches every PM process, from planning through execution through closing. It is taught in the most basic of PM classes and, if you were to ask, most would likely ...
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2answers
631 views

What procedures do you follow to manage risk?

I was wondering if these questions have an answer that could help me. What procedures do you follow to manage risk? They don't have to be perfect answers, but something in couple of sentences so I ...
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4answers
495 views

What is the best approach to handle a project with different sub projects?

I am currently handling a project. In the implementation phase of the project, they have 2 business units. the first BU is responsible for the technical requirements, the second is for the admin like ...
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3answers
802 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?
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10answers
368 views

What is the best approach in saying “No” or pushing back to the customer for a certain request?

What is the right approach in pushing back a specific request to the customer? The request might feature a complexity to the project in the long term.
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5answers
404 views

How to manage risks in a solo project?

I have been "promoted" from a software developer position to a project management role in a solo little project (about 200h). All the development work will be done by me, and also I'll talk to the ...
4
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1answer
150 views

How to manage risk of most technical client contact going on leave

I'm 6 weeks into a 15 week website/ web development project with a non-profit organisation. With this client I deal with the internal IT manager a key administrative assistant an in-house designer ...
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8answers
415 views

How can a PM prevent a train wreck in progress?

Our mid-size development team is doing a multi-year project. We always had major technical concerns that were never resolved. Now we find ourselves part of the way over a cliff: the architecture ...
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3answers
136 views

Reassuring boss that our product will be one step ahead of competition…

I am the development project manager for a web-based software product. I have been asked the following question from my superiors: Our product is facing increased competition from other ...
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4answers
582 views

Should a good project manager be a good risk manager and a good estimator as well?

I'm taking project management class. It is hard to understand the relationship between estimation, risk management, and project management. Could you explain it based on your experience? My lecturer ...
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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 ...
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6answers
347 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 ...
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2answers
170 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?
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2answers
132 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 ...
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4answers
1k views

How often should risk management be analysed and tracked?

I have analysed the possible risks of my project, and I do intend to get back to them from time to time and make sure that the project is safe. I am trying to figure out how often I should check ...
12
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3answers
279 views

Is it still possible to use formal methods if the organization has chosen not to adopt them?

I managed a project in a company where I was the only person with experience of using formal methods (Prince 2). The directors of the company, and the other senior staff, all took the attitude that ...
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2answers
285 views

What is the Procedure for Handling a Team Where Two Members Might be Dating?

Some companies have policies where people may date but that the two individuals can't be working in the same department or be in a supervisor/subordinate relationship. But with projects, you often ...
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9answers
6k 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 ...
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5answers
286 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". ...
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9answers
2k views

How to manage employees leaving the company?

Some time ago, the company had to downsize due to difficulties, now things are going better, but employees are still leaving the company. There is no budget to increase the salary or benefits right ...
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1answer
158 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?
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4answers
4k 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 ...
12
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7answers
907 views

Information to keep in a risk register

In the PMI process, they include a document called a Risk Register. It contains a list of all the risks -- realized and unrealized -- including some fields like probability and impact. For software ...