- Project Management (a quick tutorial)
- Title Page
- I've got a project - what do I do?
- What is Project Management anyway?
- Project Phases
- - Project Initiation
- - Project Planning
- - Project Execution
- - Project Closeout
- Managing Project Scope
- Project Schedule
- - Schedule Logic
- - Schedule Reports
- Cost Management
- - Earned Value
- Quality Assurance / Quality Control
- Mitagating Risk
- Project Communications
- Project Procurement
- Project Staffing
- Lean and Project Management
- Project Plan
- Tracking Progress
- Change Management
- Project Completion
- I Want to Hear from You
- Reference Material
- Appandix A - PM Proficiency
- All Pages
Page 17 of 28
Mitigating Risk
Evaluating the project risk:
Risk Assessment
Identify all the known risks. Identify the probability of the risk happening (high, medium, low) and the impact of the risk if it actually occurs (high, medium, low). For all high probability and high impact risks identify a mitigation plan.
Risk Example: bad weather will delay home construction:
- Probability: High
- Impact: High
- Mitigation Plan:
-
Frame in the dry season and enclose the home before the rainy season
- Include weather impact days in the schedule
- Identify tasks that can be completed during inclement weather
- Watch the weather predictions and plan accordingly
Uncertainties embedded in the projects are the major cause of … mismanagement.
Goldratt, Critical Chain
