Project Manager case manual Study Series [17] -- Project Risk Management

Murphy's theorem: everything that can go wrong will go wrong.

In the project development process, there are frequent changes to requirements.ProgramWhen the program is modified, the program can only meet the current needs, without considering the function expansion. Often, the demand is constantly changing, the program is constantly modified, and the programmer is exhausted.

Risks: any problems that may occur in a project and affect the project objectives.

Principle: we all tend to overestimate our capabilities, but it is difficult to estimate too low.

Risk principle: Avoiding Risks is better than managing risks.

Probability of risk occurrence:

The severity of the risk impact on the project:

Risk detection capability: whether errors can be detected before a design is completed or before a system is launched.

 

Risk probability: For each detected risk, there are three measurement methods: probability degree (P), severity (s), and detection capability indicator (d ).

The three data are multiplied to obtain the risk probability (RPN ). The larger the number, the more serious the risk is.

The common practice of dealing with high-risk probability numbers is to seek to reduce any of the three independent components, that is, to reduce the risk or severity, and \ or to improve the detection capability.

2. Develop emergency plans

It is not enough to identify and quantify risks. You can manage them in the following three ways:

1. Risk Avoidance
2. Risk mitigation: One way is to narrow down the scope.
3. Risk Transfer

Evaluation Indicators for project success:

Various aspects of project management:

For project success, you must have a clear and consistent understanding of the project tasks. Smooth communication within the project team is also crucial.

When the technical risk is high, the project's success is affected by the project manager's authorization, communication, support from the project team, and problem handling.

When the cost is high, the project's success is affected by the understanding of the project goal, the authorization of the project manager, the support and communication of the project team.

When the progress risk is high, the project manager's experience and the frequency of checking the progress are two important factors.

Conclusion:

Many successful factors of the project are focused on interpersonal management. Regardless of the project's risks, the project manager must master interpersonal skills. If you face one or more risks in terms of technology, cost, and progress, follow these guidelines:

1. Emphasize team support
2. Give the project manager corresponding rights
3. Improvement of problem handling and communication
4. Avoid project-only organizations.
5. Increase the frequency of Project detection.
6. Use WBS, PERT/CPM, and C/SCSC.
7. Establish clear project objectives for the project team.
8. Select an experienced project manager.