This is a closed-book, closed-notes quiz. No reference material including assignments and labs will be permitted for use during the quiz session. The quiz contains the following types of questions: Short essay type 3.
Risk Reporting Risk Evaluation A key part to project management is a common language. The diagram below shows the key steps of Is3110 project management in the overall context of analysis and control. As outlined in the introduction, there are two key outcomes for risk management, action and awareness.
Through risk control we manage action, through risk analysis we manage awareness. The diagram below shows the breakdown of risk management. On the left we have risk analysis which comprises of reviewing risks, evaluating risks and reducing risks.
On the right we have risk control which comprises of risk monitoring and reporting. This is the awareness and prevention side of risk reporting.
Case Note On a recent project, I was given a perfect opportunity to raise any risks that I thought would affect the project before we started production. The specification had been completed so we knew what we had to deliver as well as the timeline.
I dutifully followed the process outlined in the rest of this chapter.
I put together a document that contained the 6 key risks that the project was facing. For each key risk I presented a risk memo that outlined the risk, the impact on the project, the potential cost of non containment, a solution and contingency plan.
It was a bit more than the client was expecting. I thought that the client would be happy to know the risks upfront and be able to take action.
After the initial shock of seeing all the things that could go wrong, we had awareness.
Half the battle won. The other half, action didn't quite happen. Although the actions for each risk were detailed, very few of them were followed up the majority of the actions were the responsibility of the client.
When the risks started to impact on the project, the client wasn't happy. They had accepted the risk, but hoped it would not surface and did not take any action to prevent it occurring. Unfortunately when the risk did arise, it took more work to repair the damage done than if preventative measures had been put in place.
As the project manager, although I had raised awareness, I hadn't continued to report on the risks so that the client was in a false state of security assuming that the risk was no longer there. Risk Assessment The goal of risk assessment is to identify the risk factors that are a part of the activity being undertaken.
Basically, it's about working out what could go wrong.View Joe Scott, MSCIS, MPM’S profile on LinkedIn, the world's largest professional community. Joe has 11 jobs listed on their profile. See the complete profile on LinkedIn and discover Joe’s connections and jobs at similar ph-vs.com: Vice President of Telecom and .
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IS Disaster Recvery Plan.
Topics: Management occupations, Executive officer, Corporate governance Pages: 2 ( words) Published: January 14, Disaster Recovery Plan 1.
Scope of Work and Contact Information This plan is designed to ensure the continuity of the business in the event of a natural and/or catastrophic event at any.
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We present utter option of this ebook in PDF, txt, DjVu, ePub, doc formats. You may reading Itt lab practice manual online or. The key steps to risk management are summarized below. Risk Assessment Risk Reduction / Minimisation / Containment Risk Monitoring Risk Reporting Risk Evaluation A key part to project management is a common language.
The diagram below shows the key steps of risk management in the overall context of analysis and control.