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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3
votes
1answer
35 views

Is the lack of requirements such as functional and non-functional a risk?

If a project has forsaken to undertake a cycle of eliciting and documenting requirements, what level of risk does it introduce, how is this addressed and whom does it sit with?
3
votes
2answers
38 views

At what point do assumptions become risk?

In most documents there is a section on assumptions e.g. We assume that the network is well within the realms of supporting this solution. At what point does it become a risk? Where does the risk ...
4
votes
1answer
67 views

If risks have been identified in a design document, how are these addressed?

If a design document e.g. software, IT infrastructure, etc details risks, how are these generally addressed as part of the project? Do these risks also reside with the project? For example, i have a ...
4
votes
3answers
61 views

Is an operational risk considered a project risk?

Assuming there is an IT operational risk such as the lack of backups during a delivery of a solution would it be considered a project risk and if so how would you classify the risks?
1
vote
2answers
45 views

When does a PM create a RAID log

Got a few questions on RAID (Risks, Assumptions, Issues, Dependencies) and RISK registers. In what phase of the project does a PM create a RAID log? I am assuming it is during the planning phase. is ...
3
votes
5answers
69 views

How to set and mantain a risk checklist for a set of software development projects in a medium-sized company?

Considering risk identification as an important part of project planning, and if working in an environment where projects are quite similar, having a checklist with a set of standard risks to be ...
6
votes
2answers
50 views

Method for assessing risk in a release

I have been tasked to develop a metrics program specifically designed to look at how risky a release is from a code base volatility perspective. The director requesting this information is working ...
1
vote
2answers
52 views

Cumulative Flow

This project--developing web-based modules--is currently in its testing phase. On a daily basis, the team captures testing results and progress using a cumulative flow diagram. The testing phase is ...
1
vote
2answers
88 views

(Calculation EMV) What is the business purpose of product value calculated by multiplying the probability of an event by the cost of the impact?

Lets say you are going on a geological survey up on a mountain in the rural areas. ( Page 576, Head First PMP 3rd Edition, Jennifer Greene, PMP & Andrew Stellman, PMP ) Expected Monetary Value ...
0
votes
5answers
261 views

Risk and Opportunity definitions

If the definition of a risk is: Anything that might affect a project achieving its goals then what is the definition of an opportunity?
2
votes
4answers
99 views

Risk management concepts definitions

I am trying to define some concepts of risk management and I am having some trouble. I am using definitions from ISO 73:2009 and from "A. Avizienis, J-C Laprie, B. Randell, and Landwehr. Basic ...
-1
votes
1answer
130 views

Important Concepts In Project Management [closed]

What are the most important concepts that should be added (as notes on ms project)? for example: Defining the project scope, risk management .. what others?
0
votes
1answer
62 views

What does a “Contingency” Plan involve? [closed]

For example, if lack of resource commitment is identified as an issue, then what would the contingency plan look like? does it have a specific structure? what key factors must I consider when ...
1
vote
1answer
257 views

Assessing Risks in Project Management (Microsoft Project) [closed]

I have the following queries regarding Risk Management: Upon identifying a risk, a contingency plan is usually developed, what does this involve? An example would be great. What effects would risks ...
3
votes
3answers
69 views

How should you handle a risk when the only mitigation or contingency you can come up with is not on your hands?

I had a risk for a software project that had to do with something I could not control. That was (really long delays on delivery of the hardware). I work on a big company where IT has it's own budget ...
5
votes
3answers
739 views

Splitting PM responsibility between technical lead and non-technical PM on an agile project?

In practical terms, how do you suggest that a technical lead (me) work with a non-technical PM who is responsible for multiple projects? How should dependencies between stories, and external ...
2
votes
6answers
515 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 ...
2
votes
4answers
137 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 ...
9
votes
5answers
916 views

Assumptions and Constraints 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 ...
1
vote
1answer
88 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
54 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 ...
11
votes
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 ...
3
votes
3answers
281 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 ...
-3
votes
1answer
532 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 ...
1
vote
3answers
108 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 ...
2
votes
3answers
505 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 ...
7
votes
2answers
713 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 ...
2
votes
3answers
231 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. ...
3
votes
5answers
1k 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 ...
2
votes
4answers
771 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 ...
5
votes
4answers
133 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 ...
2
votes
4answers
6k views

Modelling schedule uncertainty in Microsoft Project 2010/2013

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 ...
9
votes
2answers
174 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 ...
-3
votes
1answer
74 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?
7
votes
5answers
611 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 ...
5
votes
4answers
6k 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 ...
3
votes
2answers
800 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 ...
1
vote
6answers
158 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 ...
3
votes
3answers
749 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 ...
5
votes
3answers
164 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 ...
21
votes
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 ...
3
votes
2answers
725 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 ...
1
vote
4answers
587 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 ...
5
votes
3answers
1k 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?
7
votes
10answers
378 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.
5
votes
5answers
425 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
votes
1answer
157 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 ...
9
votes
8answers
450 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 ...
2
votes
3answers
141 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 ...
3
votes
4answers
662 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 ...