2. Introduced Risk Management concepts
Attempted Activity 1, 2 & 3
Discuss results for Activity 1 & 2
Risk Assessment for Great Tastes of Manly –
due in last week ? ? ?
Risk Assessment & Risk Register tables not
good – re-typed
Risk Assessment Item 2. due 2 November
◦ Today revised template available for Fred’s Shed
3. From Assessments
◦ Close out process - lots of things go on here
Cost,
Quality,
Schedule,
Risk,
Procurement
◦ Structure of Communication plan
From my re-typing
◦ Risk Threshold
4. As a minimum
Always an introduction
◦ 2 sentences!!!
Stakeholder analysis showing
◦ Who & their roles/power
◦ Why & how
◦ internal and external stakeholders
Networks – ie who & possibly covered above
Close-out procedures
PMIS – for this exercise just convince me you have
thought about it.
◦ What sort eg pen & paper or computer based,
◦ Where is the info coming from
◦ Why are you doing this.
5. 1. Determine project risks
2. Monitor and control project risks
3. Assess risk management outcomes
6. Identify, document and analyse risks, in consultation
with stakeholders and higher project authority
Use established risk management techniques &
tools, within delegated authority, to
◦ analyse risks,
◦ assess options
◦ recommend preferred risk approaches
Develop risk management plans, secure agreement of
stakeholders and communicate plans
Establish designated risk management processes
and procedures
7. personal experience
subject matter experts
conducting or supervising qualitative and/or
quantitative
risk analysis,
◦ schedule simulation – using multiple Gantt charts
◦ decision analysis
◦ contingency planning – what if?
◦ alternative strategy development – what if?
◦ using specialist risk analysis tools
8. Please fill in and submit
Get these to me as a matter of urgency
9. communication with stakeholders, dispute
resolution & modification procedures
implementation of risk control trigger mechanisms
measurement of actual progress against planned
milestones –
◦ remember our baselines (or starting point)?
recording and reporting of major variance
◦ how far are we from the baseline?
setting key milestones
◦ If we have reached this milestone how are our risks?
10. Manage using established project & risk
management plans to ensure achievement of
objectives
Monitor progress against project plans to
◦ identify variances
◦ recommend responses
Implement agreed
◦ risk responses
◦ modify plans to reflect changing
11. We used the risk assessment table
For what purpose?
Priorities??? Judgements????
12. Review project outcomes to determine
effectiveness of risk management processes
and procedures
Identify & document
◦ risk issues and
◦ recommend improvements
◦ pass on to higher project authority for application
in future projects
16. Progress or Status report
◦ Lots of things go in here – but focus on Risk.
Great Tastes of Manly
◦ 48 hours from start & there is a real threat to power
security – brown outs due to major network glitch.
What do we do?
What impact is this likely to have?
Who do we tell/get to do something?
How do we report this – think Status report.
17. Great Tastes of Manly
Scope the ideas/risk properly –
◦ ask the correct people
Look at our risk register
◦ Does any of this change?
◦ If so, how?
◦ Re-assess the risks
Report using Status report.
19. Powerpoint pres.
◦ Last week’s progress & Some feedback
◦ Closeout report
◦ Structure Comms Plan
◦ Risk Threshold
◦ Balance of Risk Management & PM
◦ Monitor and control project risks
Morning Tea
Discussion 2. & Assessment Item 3. – Great Taste of Manly
Monitoring Risks
Progress report
Lunch
◦ Fred’s Shed RMP – due 2 November
◦ Finish Assessment Item 3.
◦ Complete assessment items – do what you haven’t yet finished
20. ????
Cost, Schedule
Morning Tea
Risk Management Plan for Fred’s shed
Lunch
Continue Risk Management Plan
Or
Activities 1,2 & 3.
21. Brainstorming – you are the experts on Fred’s
Shed
22. 3. Assess risk management outcomes
Assessment strategies for evolving risk
Tools & techniques - variances
Who needs to be told
Morning Tea
Discussion 2. Great Tastes of Manly big changes
a week out – Status report.
Lunch
Some changes in risks for Fred’s Shed
Do up status report for Fred’s Shed Due 2 Nov
