8
votes
Accepted
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 ...
- 19k
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 (...
- 3,545
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 ...
- 4,424
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 ...
- 389
4
votes
Accepted
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 ...
- 37.1k
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 ...
- 221
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 ...
- 8,728
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, ...
- 37.1k
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 ...
- 8,728
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 ...
- 37.1k
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, &...
- 8,728
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 &...
- 8,728
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;...
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 ...
- 21
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 ...
- 50.1k
2
votes
Accepted
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 ...
- 50.1k
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 ...
- 21
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 ...
- 21
2
votes
How do we mitigate by reducing the impact of risk(Risk response planning)?
Typically within a project, the impact is measured in either cost or delay (or both) should the risk actually crystallise. So any action to reduce the cost arising if the risk arises, or to reduce the ...
- 6,793
2
votes
Managing Risks: How do we know we are managing risks well?
The list that you have posted in the question would be a good starting point as necessary processes, but perhaps as you suggest it would be insufficient to demonstrate high performance.
What your list ...
- 6,793
2
votes
Measuring Impacts and Risks when modernizing a legacy application
You need to develop a case for change. You need to discuss:
Problem statement and the need for change
Current state with current business metrics such as revenue and
profit over the past several ...
- 37.1k
1
vote
Risk triangular distribution: percentile sensitivity
Mathematically, representing a triangular PDF as a/c/b values or as mode/percentiles is equivalent (you can convert each representation into the other while keeping the effective probability ...
- 1,232
1
vote
What are the risks and mitigation strategy for SAAS solutions?
This is a hard question to answer because the risks and how you deal with them depend a lot on the vendor, the type of application, its features, the type of bussines, law regulations, and what you ...
- 15k
1
vote
How to identify risks in a given case study?
1. "But I am not able to identify the risk in above case study"
Some potential risks:
Not enough people are interested
The wrong type of people join; not experienced/rich/influential enough
People ...
- 4,562
1
vote
Good RAID Log examples & usage
RAID logs are not usually maintained when working with Scrum. The reasons for this include:
We release frequently, which often reduces risk
Frequent releases also reduce the need for assumptions
...
- 19.5k
1
vote
How is a countermeasure influencing the total risk score?
TL;DR
Formal risk assessment is both a science and an art, and overly reductive models lead people astray. For example, consider this variation of a loss-expectancy risk model:
Risk models can be ...
- 50.1k
1
vote
FTA (Fault Tree Analysis) or FMEA (Failure mode and effects analysis): how they are different from each other?
Fault tree is more like hardware / software faults that may occur.
However failure modes and effects analysis looks at the implementation effects of those faults or design errors in systems.
I ...
- 378
1
vote
Risk Register & Project Summary Risk Report
Risk Register Database - just a list of risks with all it's attributes. Typically excel or SQL table, that is constantly reviewed.
Project Summary Risk Reports - it's a report made of this Risk ...
1
vote
Accepted
Finding out whether a decision made has been risk-taking or risk-averse
I would recommend establishing (quantifying) risk tolerance first. Risks accepted near or above the risk tolerance are risk taking; risks rejected near or below the risk tolerance are risk averse.
...
- 8,728
1
vote
What risk analysis model shall I use if I know the areas (sources) of risk?
As Tob has provided, I find PMI's framework easier to apply. Depending on the complexity, and to answer your question, you can certainly apply FMEA as well. If you need a reference, you can use NASA's ...
- 162
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