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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59 views

Finding out whether a decision made has been risk-taking or risk-averse

I want to do an empirical study on risk management by translation trainees for my MA thesis. Translation is an act full of decision-makings for rendering risky parts of the text. I want to interpret ...
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0answers
14 views

What risk analysis model shall I use if I know the areas (sources) of risk?

I know the areas of risk in a group of companies based on a Risk Breakdown System. With what model shall I analyze them afterwards? Is FMEA good for this purpose? If yes, how should I apply it?
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4 views

How exactly one can find out the influence of each risk component in Fault Tree Model? Is that possible at all?

How exactly one can find out the influence of each risk component in Fault Tree Model? Is that possible at all with model?
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22 views

FTA (Fault Tree Analysis) or FMEA (Failure mode and effects analysis): how they are different from each other?

I have decided to work on risk analysis for my MA thesis, but I am stuck with choosing the theoretical framework for that. I am not studying MBA or other Management fields, and that makes my job hard. ...
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3answers
93 views

Having trouble managing a sub contractor

I am project managing on an on going bases an e-commerce site for a client. I have only one resource working on it, a sub contractor due to a lack of resources. He is working remotely. I am having ...
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1answer
45 views

Identify risks from 100 case studies [closed]

I want to identify risks from 100 case studies of past construction projects. What the most relevant documents that I need to consider that would save my time. Thank you in advance, Mustafa
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2answers
141 views

Who is responsible for risk management in Agile-style deliveries?

I have a lot of experience of waterfall-style deliveries (or more accurately, incremental waterfall since I don't know of anyone who still does actual rigid waterfall any more), but none whatsoever in ...
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3answers
58 views

What qualifies as a trackable risk?

When creating a Risk Analysis document, what qualifies as a reasonable risk? As a rule of thumb we expect 5 risks to be tracked. Is it reasonable to include risks such as the building burning down or ...
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8answers
330 views

How to motivate my team members to start documenting their work

I just started a new job as a technical project manager. It's more or less my first experience, as I have just run teams of two students before, and now I am managing a project of 10 engineers, some ...
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2answers
48 views

Using probability to assess issues

In risk management within projects, probability is used as a way to understand how likely risks are to happen in the future. This is obviously a well-established area. Presumably there is nothing ...
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6answers
89 views

Product launch failure [closed]

Background I'm currently working on a product (external facing) and we are on the verge of launch of the product. I want to gear myself up with facing the worst situations since this is the first ...
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4answers
137 views

Project constantly running into problems, so how does a PM manage the consistent budget impacts?

With a certain project, I reconcile on a weekly basis to determine its performance, i.e. if estimates are being adhered to or not. Issue: Every week, the team faces a new issue that wasn't accounted ...
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3answers
60 views

What is the point of a risk with no impact?

Forgive me if this doesn't belong here, but I thought this more appropriate for PM than for Programmers or SO. We use risk assessments where I work as part of the software development life-cycle. A ...
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6answers
96 views

How can we prevent project professionals from sabotaging the project schedule?

I work with an organization that hires professionals with temporary contracts that last for the length of the particular projects they are working on. At the moment, these contracts are usually just a ...
4
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3answers
105 views

Is a “business as usual” issue a project issue?

There is a major replacement/upgrade project in flight. The project touches on a number of existing systems that are not being upgraded some of which have business as usual issues e.g. lack of support,...
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0answers
34 views

How to justify the layout of a petrol station? [closed]

Would appreciate help on this issue. We plan to reconstruct our old petrol station. At present, it has one single row of pumps, so all cars have to move in queue or bypass each other. New design will ...
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3answers
179 views

What is risk mitigation?

I have to report risks and fill out the field "mitigation". What does risk mitigation normally mean: reducing the likelyhood/probability or the impact?
3
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1answer
59 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?
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2answers
48 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 ...
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1answer
94 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 ...
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3answers
173 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?
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2answers
92 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
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5answers
98 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 ...
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2answers
61 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 ...
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2answers
64 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 ...
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2answers
343 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 (...
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8answers
1k 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?
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4answers
157 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 ...
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1answer
158 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?
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1answer
67 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 ...
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1answer
476 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 ...
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3answers
84 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
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3answers
2k 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 ...
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6answers
765 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
144 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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5answers
3k 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 ...
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1answer
93 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
63 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
325 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
793 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
112 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
633 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
901 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
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3answers
252 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
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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
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4answers
999 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
135 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
9k 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 ...
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2answers
188 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 ...