Project Manager's Spotlight on Risk Management (Project Managers Spotlight)

✍ Scribed by Kim Heldman

• Year: 2005
• Tongue: English
• Leaves: 239
• Category: Library

✦ Synopsis

Clear-Cut Ways to Manage Project RiskIf you're a typical project manager, you're probably aware of the importance of risk management but may not have the time or expertise to develop a full-blown plan. This book is a quick and practical guide to applying the disciplines of proven risk management practices without the rigor of complex processes.Part of the Project Manager's Spotlight series from Harbor Light Press, this straightforward book offers solutions to real-life risk scenarios. Inside, best-selling author Kim Heldman highlights critical components of risk management and equips you with tools, techniques, checklists, and templates you can put to use immediately. By following a realistic case study from start to finish, you'll see how a project manager deals with each concept. Ultimately, this book will help you anticipate, prevent, and alleviate major project risks.Project Manager's Spotlight on Risk Management teaches you how toLook for and document riskAnticipate why projects failPrevent scope and schedule risksAnalyze and prioritize risksDevelop, implement, and monitor risk response plansAnd much more!

✦ Table of Contents

Project Manager's Spotlight on Risk Management......Page 2
Frontmatter......Page 5
About the Author......Page 3
Contents......Page 8
Foreword......Page 10
Acknowledgments......Page 11
Introduction......Page 14
Defining Risk......Page 16
Organizations and Project Risk......Page 18
Purpose of Risk Management......Page 21
Iterative Process......Page 23
Probability and Impact......Page 24
Propensity for Risk......Page 25
A Practical Risk Management Approach......Page 27
Risks versus Problems......Page 30
Risk Management Plan......Page 32
Risk Triggers......Page 34
The Communications Plan......Page 35
Exchanging Information......Page 36
It's a Two-Way Street......Page 37
Active Listening......Page 38
Unspoken Clues......Page 39
Case Study......Page 41
Identifying Risks......Page 44
Categories......Page 46
Risk Types......Page 48
Common Risks......Page 49
Risks Lurking in the Processes......Page 51
People Risk......Page 53
Where to Look......Page 55
Work Breakdown Structure......Page 57
Assumptions and Constraints......Page 58
Who to Ask......Page 60
Gathering Information......Page 61
Interviews......Page 62
Brainstorming......Page 63
Nominal Group Technique......Page 64
Delphi Technique......Page 65
Status Meetings......Page 66
Diagramming Techniques......Page 67
Documenting Project Risk......Page 68
Creating the List......Page 69
Submitting New Risks......Page 70
Originators and Owners......Page 71
Checklist......Page 72
Case Study......Page 73
The PMINO Syndrome......Page 76
Accountability and Authority......Page 78
Creating Accountability......Page 82
Executive Champion......Page 83
Keeper of the Risks......Page 84
Absentee Sponsor......Page 85
It's Your Job......Page 86
It's My Job......Page 87
Project Roles......Page 89
When the Sponsor Leaves......Page 92
Key Stakeholders......Page 94
Disengaged Teams......Page 95
Organizational Structures......Page 97
Lack of Processes......Page 101
Wrong People, Wrong Time......Page 103
Vendor Relationships......Page 104
Case Study......Page 106
Scope Risk......Page 110
Defining Deliverables......Page 113
Measuring Requirements......Page 114
Obtaining Agreement......Page 116
Back to Reality......Page 117
Uncertainty......Page 118
Preventing Scope Creep......Page 120
Schedule Risks......Page 123
Estimating Activities......Page 126
PERT......Page 127
Defining the Critical Path......Page 130
The People Factor......Page 131
Developing a Change Management Plan......Page 133
Assessing Change......Page 134
Case Study......Page 135
Qualitative Risk Analysis......Page 138
Developing Rating Scales......Page 140
Using the Scales......Page 143
Risk Tolerance Levels......Page 144
Quantitative Risk Analysis......Page 151
Calculating Risk Scores......Page 153
Decision Tree Analysis......Page 155
Simulation Techniques......Page 156
Listing and Ranking Project Risk......Page 157
Documenting Project Risk......Page 158
Risk Ranking......Page 159
Determining Risks That Need Response Plans......Page 160
Case Study......Page 161
Risk Response Planning......Page 164
Uncertain Certainty......Page 165
Purpose of Planning for Risks......Page 167
Risk Response Techniques......Page 168
Avoidance......Page 169
Transference......Page 170
Mitigation......Page 171
Contingency Planning......Page 172
IV&V......Page 174
Developing Risk Response Plans......Page 175
Risk Response Costs......Page 177
Planning for the Unknown......Page 179
Things That Go Bump......Page 180
Contingency Reserves......Page 182
Buffering Stakeholders......Page 183
Case Study......Page 184
Monitoring and Control......Page 186
Project Temperature......Page 188
Risk Review......Page 189
Correcting Plans......Page 190
Implementing Response Plans......Page 192
Unknown Risks......Page 195
Calling It Quits......Page 197
Closing Out......Page 199
Risk Audits......Page 200
Steps in a Risk Audit......Page 201
Reviews......Page 203
Case Study......Page 204
Project Management Process Groups......Page 206
Initiating......Page 207
Planning......Page 208
Executing......Page 209
Closing......Page 210
Project Integration Management......Page 212
Project Time Management......Page 213
Project Quality Management......Page 214
Project Communications Management......Page 215
Project Risk Management......Page 216
Project Procurement Management......Page 217
Appendix B: Risk Management Templates......Page 218
Glossary......Page 226
C......Page 232
D......Page 233
I......Page 234
N......Page 235
P......Page 236
R......Page 237
S......Page 238
W......Page 239