Questions tagged [risk-management]

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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2
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3answers
76 views

How do we mitigate by reducing the impact of risk(Risk response planning)?

Risk mitigation is a strategy for reducing the probability or impact of risks. I understand by what reducing the probability of risk means. For eg-: Consider a risk of theft while working in an area ...
2
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1answer
106 views

Risk triangular distribution: percentile sensitivity

When modelling risks, usually a triangular distribution based on three time estimates (optimistic, likehood and pessimistic time estimates - a, c, and b respectively) is used to evaluate the planning ...
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3answers
138 views

Hired a mid level consultant who is producing junior level work. We're 2 weeks in. Should I recommend letting her go or giving her time to ramp up?

Things to consider: She's getting paid at a level that implies that she is a very experienced mid level consultant She doesn't ask questions, even though I very clearly make it known that I'm ...
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3answers
165 views

Do I calculate the Earned Value with BAC or PV?

I'm a little confused on how to calculate the EV. There are two formulas that I found: EV = %completion x BAC EV = %completion x PV When do I use which formula?
1
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1answer
106 views

What are the risks and mitigation strategy for SAAS solutions?

I am suggesting a software solution POS for a small retail store to manage his business operations effectively. I am just trying to identify the risks and its mitigation strategy for SAAS solutions. I ...
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5answers
4k views

Scrum teams and the risk of a member getting sick

Scrum suggests small teams as far as I'm aware. This means that we often have single frontend developer, single backend developer, single QA engineer, etc. Doesn't it negatively affect the project ...
6
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4answers
883 views

How to formulate risks well for risk analysis?

If I have to formulate goals for a project there's the well established S.M.A.R.T. paradigm. It helps to have goals at the end, from which necessary actions can be easily deduced. It prevents from ...
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2answers
99 views

In Agile project management, do you keep everything in Jira or maintain some documents? [closed]

I'd like to know about agile project management practices - do you keep everything in Jira or do you create and maintain any external documents (Requirements, Project schedule, Definition of done, ...
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1answer
69 views

How to identify risks in a given case study? [closed]

I am working on a case study which is like below : Economic inequality is a huge issue. A recent study found that the world's 80 wealthiest individuals own as much as the entire world's poorest 3.5 ...
5
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3answers
483 views

Dev went on vacation leaving his work unfinished. How to manage this without informing the customer?

I would like to discuss and hear some advice from you about a pretty common situation. We develop the functionality that has huge business value for the customer’s project and thus the customer is ...
0
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1answer
2k views

Good RAID Log examples & usage

I was hoping for any good examples of how anyone has effectively presented RAID logs (or the individual lists of Risks/Assumptions/Issues/Dependencies) in their projects. In particular for Agile/Scrum ...
0
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1answer
70 views

Which are top three metrics one should look at as PM specially from IT industry perspective [closed]

I know its very subjective question, however in general I wanted to understand which are the top three metrics as PM, I should look at while working in a Software project
0
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1answer
94 views

How do you agree with a client for a deliverable version (definition of done) on a big project

My company sells an ERP software in a very specific niche. The process is turnkey and every bit of data is entered for the client before launch. Since a lot of our customers have different needs, we ...
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4answers
2k views

What could be my risk mitigation strategies if my client wants to contract UAT?

My client wants to squeeze UAT into 6 working days from originally planned 10 working days. This is because they want to go live because of an impending business reason. As a risk mitigation strategy ...
4
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2answers
89 views

I Need Help Quantifying Risk of Behavioral Variables

BLUF I need advice on how to capture cultural or behavioral risks in an organization (Cost, Duration, Scope) to a project in a fashion that can quantify and express those risks and mitigation options ...
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2answers
56 views

Which risks to expect when managing different vendors on a client assignment?

My next role is of a Program Manager managing interdependencies between multiple projects. It involves daily program management until the program cycle ends. Each project is being delivered by a ...
2
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3answers
124 views

importance of long list of risks

Can anybody explain the importance of having long list of risks in managing the project? i know we should cover maximum of all possible one but what really significant importance to have a long list ...
14
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5answers
3k views

Product Owner is requesting a "confidence check" for reaching the MVP - How to in a Scrum project?

We're in a quite complex software engineering project with lots of unknowns due to new technologies involved that the Team has never applied nor have comparable experience. Due to these risks the ...
0
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1answer
5k views

Risk register vs risk report

Risk documents normally are documents in possession of the Project Manager with the discretion to show only to Project Team and Sponsor. Risk register is a document that contains all the work ...
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2answers
120 views

When should I raise risk with stakeholder [closed]

Should I raise risks immediately when I see one or should I try to resolve the risk first and then raise it. How long should I try before raising one.
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4answers
274 views

How is a countermeasure influencing the total risk score?

I'm just setting up a risk management for a project, and I have to admit, that I'm not used to it. That's my table so far. ----------------------------------------------------------------------------...
2
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1answer
84 views

How is consensus and accountability achieved in large software development projects?

I'm studying how distributed software is managed (Linux, Wikipedia etc) and am trying to figure out if there is any pattern for consensus and accountability. Ideally I could visualize the inputs and ...
2
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2answers
157 views

How to explain to management that taking over an external project is a big risk?

Management thinks that it would be lucrative to take over a fairly complex solution from a startup founder. Apparently the client has fired the tech company that had built it due to "poor quality". It ...
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2answers
120 views

Distributed Risk Register and Facilitation of Risk-Based / -Aware Thinking

Over here, it was aksed how to overcome reticence to use RAID logs (with A referring to actions, not assumptions). The general approach, already suggested by the OP, would be to rid the (in this case ...
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2answers
279 views

How do I facilitate a project risk assessment?

Let's say I wanted to asses the risks in a project like the one in this link: https://github.com/tanay-bits/baxter_skeletonteleop, where I am tele-operating a robot using a vision sensor. How can I ...
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5answers
2k views

How to deal with constantly (~daily) changing requirements?

I see a number of similar links, but none seem to have a solution, mostly "they shouldn't be doing that"'s. I agree, but please, read on: Scenario: 800K pages of documents, narrative(e.g. emails)/...
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3answers
514 views

Do you show your RAID log to stakeholders?

So I have started documented all risk related issues in a RAID log. I am showing my stakeholder it weekly, so that he is aware of all product related risks, but not sure if there is much value in ...
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1answer
242 views

RAID logs - What is the best way to organise them?

First time using RAID logs as part of project delivery. I have found a template where Risks is separate from Issues done in Excel. I am using it the following way: 1) RISKS - I specify all potential ...
3
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4answers
875 views

Development buffers and risk factors

How do you plan on risks when working on the project detailed plan? I assume you add to the plan vacation days for each resource (even though they may not have requested leave at this point), you plan ...
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3answers
170 views

How to track and manage project progress & opportunities?

I am trying to manage project progress; what is the best way to track and manage project progress? As the project progresses, how does one recognize, anticipate and track alternative possibilities?
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4answers
116 views

Is it normal to find managing remote teams/subcontractors harder?

Typical problems I have found that there is: a delay in communication, even after using project planning tools. More delays. Remote worker not having the self discipline to work structured hours and ...
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2answers
183 views

Are retrospectives and daily stand ups replacement of risk management

Currently we are following a lot of the Scrum routines like stand ups, refinements, planning 1/2, demo, retro... The past few months we were heading downwards showing poor performance and delivering ...
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3answers
1k views

Is lack of knowledge/experience in the dev team a risk according to the risk management theory

Our team has 1 BA, 3 devs and 1 QA. We are trying to follow SCRUM as much as possible and since recently the term Risk management was not a part of our dictionary. However the past few months our ...
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6answers
1k views

How to minimize scope creep?

Scope creep can easily transform a good project into a distressed one. What are the methods for minimizing continuous expansion of project requirements?
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1answer
146 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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2answers
154 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?
3
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1answer
41 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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2answers
660 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
133 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
79 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
2
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2answers
2k 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 ...
3
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3answers
109 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 ...
14
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8answers
1k 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
72 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
154 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 ...
5
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4answers
190 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 ...
0
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3answers
184 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
198 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 ...
5
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4answers
508 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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3answers
1k 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?