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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25
votes
7answers
4k 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 ...
19
votes
10answers
4k 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 ...
18
votes
7answers
3k 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 ...
16
votes
10answers
13k 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 ...
15
votes
4answers
11k 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 ...
15
votes
3answers
402 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 ...
14
votes
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 ...
14
votes
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 ...
13
votes
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 ...
13
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 ...
12
votes
2answers
222 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 ...
11
votes
8answers
571 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 ...
10
votes
5answers
15k 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 ...
10
votes
2answers
656 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 ...
9
votes
4answers
5k 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 them,...
9
votes
5answers
535 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". ...
9
votes
2answers
2k 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 ...
8
votes
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)/...
8
votes
1answer
234 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?
7
votes
5answers
1k 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 there ...
7
votes
6answers
1k 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 ...
7
votes
10answers
436 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.
6
votes
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 ...
6
votes
6answers
9k views

Do project managers use RAID Logs?

Project management theorists discuss the importance of the RAID log (Risks, Assumptions, Issues, Dependencies). I have found in software development there is commonly the Issues log (which is ...
6
votes
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 ...
6
votes
3answers
6k 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 ...
6
votes
4answers
169 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 ...
6
votes
5answers
632 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 ...
6
votes
3answers
5k 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?
6
votes
2answers
107 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 ...
5
votes
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 ...
5
votes
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,...
5
votes
4answers
165 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 ...
5
votes
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 ...
5
votes
4answers
12k 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 ...
5
votes
2answers
233 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?
5
votes
3answers
199 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 ...
5
votes
1answer
375 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 ...
5
votes
1answer
243 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 ...
4
votes
3answers
2k 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?
4
votes
3answers
4k 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 ...
4
votes
3answers
804 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 ...
4
votes
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 ...
3
votes
12answers
39k 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?
3
votes
6answers
2k 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 ...
3
votes
5answers
232 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 ...
3
votes
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 ...
3
votes
5answers
2k 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 ...
3
votes
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 ...
3
votes
4answers
344 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 ...