Welcome : myengineerings.com
10 March، 2020 abd20030024035 Projects Managements,
What is Project Risk?
Uncertain events or Conditions Effect on the Project
Objectives
(Positive / Negative Effect)
Types of Risk
Business (risk to overall business)
Delivery (risk to project delivery)
Technical (specific to particular technology)
Risk management concepts
is the art and science of identifying, analyzing, and
responding to risk factors throughout the life of a project and in the best
interest of its objectives.
Risk management
Identify
Analysis
Control
Plan
20 March، 2020 abd20030024035 Civil Engineering, Projects Managements
The objectives of project management are to execute a
project so that deliverables can meet scope requirements on budget and
schedule, and at acceptable risk, quality, safety, and security levels. The example
maintenance facility project is to deliver a five bay facility that meets
pre-determined performance specifications within the three year schedule.
Many times project objectives compete with each other and
require skillful balancing throughout the project life cycle by the project
manager. For example, unexpected soil conditions delay the maintenance facility
construction contractor. The schedule can be made up by paying additional costs
for contractor overtime to make up the delay. This is a cost/schedule
trade-off. The greatest threat to project success is scope creep. The addition
of a sixth bay to the maintenance facility we mentioned earlier is a clear
example of added scope. Often projects face more subtle scope creep because the
project manager allows the users to “piggy back” additional requirements on the
project.
For example, it may be that originally in the CIP process
the maintenance of non-revenue vehicles was to be done in a different location.
During the project life cycle the lease on the non-revenue location was lost
and the maintenance department wants them maintained at a new bay at the new
facility. The project manager will need to address such changes through
retracing of the CIP process
and obtaining new project authorization.
In addition to scope, budget, and schedule, it is extremely
important that the project manager facilitates a discussion of the project
risk, quality, and safety and security objectives and incorporates the outcome
in the Project Management Plan (PMP).
Visit for more information : https://myengineerings.com/project-management-principles/
No comments:
Post a Comment