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

What should be my actions in this situation now? I cannot tell the client that the development of the feature has stopped because the dev went on vacation. This would be unprofessional. Honesty ...
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6 votes

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

In terms of how to do better next time: It sounds as if you identified the risk as one of medium risk (might be ready) and high severity (huge business value), and you decided to monitor the risk (...
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5 votes
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At what point do assumptions become risk?

We create assumptions because we don't have the answer to a question. If we don't have an answer to a question, that means we have uncertainty. If that uncertainty is tied to an objective, it is ...
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4 votes

What qualifies as a trackable risk?

Q: What qualifies as a trackable risk? A: Anything that anybody thinks is a risk to the project goals (usually time, cost, scope and quality) As a Project Manager I try really hard to persuade anyone ...
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4 votes

What is the point of a risk with no impact?

In my opinion you're right. If a future event has no influence on project (or, if it has 0 probability of happening), it should not be considered as risk. Of course, having "None" in your risk log ...
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4 votes
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What is a Risk, and how does it differ/relate to an Opportunity?

PMI defines risk as an uncertain event that could have a positive or negative impact to project objectives. Webster defines risk as a possibility of a loss and defines an opportunity as a good chance ...
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3 votes
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Is the lack of requirements such as functional and non-functional a risk?

This sounds like it would be a HUGE risk. Because it is huge, I would escalate it at the highest levels of the organization and it needs to be addressed by the project sponsor and project manager.
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3 votes

Risk and Opportunity definitions

PMI defines risk as: Risk is an uncertain event or condition that, if it occurs, has an impact on at least one project objective. (PMBOK, p275) So, by strict definition, opportunity is risk. This ...
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3 votes
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If risks have been identified in a design document, how are these addressed?

If the design document you refer to is the design document for a project delivery, and in that design document risks are raised, then those would be drawn into the risk log for the project and managed ...
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3 votes

Is an operational risk considered a project risk?

Both Marv and Mark have great answers to this, but I want to add something on the classification of risks. I agree with Mark that risk management is not the end but the means to an end and keeping it ...
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3 votes
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Is an operational risk considered a project risk?

Does this have the ability to affect the successful completion of your project? if so, it is a risk. I'm not sure that dividing risks into "operational" and "project" helps me to close the project ...
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3 votes

Is an operational risk considered a project risk?

In my view the way to think about this is that the risks on the Project's Risk Log pertain to risk to the goals of the project. In other words, things that could happen that prevent you from ...
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3 votes

How do I facilitate a project risk assessment?

A bit of googling will probably give you too much information. I'm going to take the position that you facilitate a risk assessment for your project the same way you facilitate a risk assessment for ...
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3 votes

How to reduce the impact of key staff leaving a project?

The first question I would ask is: is this person truly considered "key," does this person really possess such a unique set of skills and abilities that it would be near impossible, or very expensive, ...
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3 votes

How is a countermeasure influencing the total risk score?

Codegnome's law states that you should always solve the problem before you automate the solution. You're creating a formula before you define the terms. I recommend that you define countermeasure ...
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3 votes

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

1) What should be my actions in this situation now? I cannot tell the client that the development of the feature has stopped because the dev went on vacation. This would be unprofessional In fact I ...
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3 votes

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

It depends on the threat and what is at threat. For example, with a storm, lessening impact could include enhancing your property with storm-level products--hurricane proof roofing or windows. With ...
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3 votes

What is a Risk, and how does it differ/relate to an Opportunity?

Your scheme looks fine. There is no international regulatory body that determines whether your thoughts about risk are valid, and penalizes you for using non-standard terms. The key question is, &...
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  • 8,697
3 votes

Managing Risks: How do we know we are managing risks well?

There are two standards to which risk management should be compared. First, the compliance standard. Do you have the documentation? Can you defend that you have expended effort? By this standard a &...
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  • 8,697
2 votes

Risk and Opportunity definitions

Risk = a chance to lose. Opportunity = a chance to earn. In my understanding, PMI puts Risk & Opportunity together because an opportunity becomes an opportunity only if it becomes reality;...
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2 votes

Risk and Opportunity definitions

Www.threatsandopportunities.com best answers the issues above. Risk comprises known outcomes with associated probabilities, given the occurrence of an vent r condition. Threats are negative outcomes ...
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2 votes

Risk and Opportunity definitions

What defines opportunity, under the heading of risk, is the improvement to your already planned objectives. It is important to weed out real project opportunities from actions, which are things you ...
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2 votes

Risk and Opportunity definitions

This User Guide for a risk management tool provides the following definition - What is a risk? Before looking at risk management, we need to understand what a risk actually is. The PMBOK gives a good ...
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2 votes

Risk and Opportunity definitions

Opportunity is not risk. They are totally separate and different - the good news is that PM frameworks are likely to start to back-out of this habit - see the foot of this blog post on exactly this ...
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2 votes

Risk and Opportunity definitions

A risk is a potential occurrence (positive or negative). An opportunity is a possible action that can be taken. Opportunity requires that one take action; risk is something that action can be taken ...
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2 votes
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Risk and Opportunity definitions

In project terms an opportunity is something (tangible or an "effect") identified within the project deliverables that could unlock or otherwise facilitate a positive or beneficial effect. Such ...
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2 votes

What qualifies as a trackable risk?

Model-Based Risk Assessments Does anybody have a good rule of thumb for deciding what is a reasonable risk to be included and tracked? Your risks are driven by your threat model. The filter that ...
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2 votes
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Managing huge experimental decision by a developer

TL;DR Your question touches on a lot of topics, included areas of architecture and engineering which are not project management questions. So, I'll mostly limit my answer to the project management ...
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2 votes

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

FTA will identify combinations of conditions and component failures which will lead to a single defined adverse effect. FMEA on the other hand considers all single component failures in turn and ...
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