Project Management
Dealing with Risk and Uncertainty 145 of documentation you can and urge others to do the same. Typical background documents may ...
146 Project Management thoughtful speculation. Figure 8-3 lists over 60 common prob- lems encountered on projects. Consider usin ...
Dealing with Risk and Uncertainty 147 As you list potential problems that threaten your project, don’t lose sight of the concept ...
148 Project Management these problems and their potential effects on your project. Obviously, you don’t have the resources to de ...
Dealing with Risk and Uncertainty 149 Responding to High-Threat Problems There are a number of ways to address the high-threat p ...
150 Project Management Assumption. This means that you are aware of the risk, but choose to take no action on it. You’re agreein ...
Dealing with Risk and Uncertainty 151 only for the high-threat problems that remain after you’ve taken preventive measures. Mana ...
152 Project Management However, despite your best efforts to identify and address threats, a large number of circumstances (thin ...
Dealing with Risk and Uncertainty 153 Using Ranged Values When Expressing Estimated Outcomes The most explicit way of accommodat ...
154 Project Management to have truckloads of uncertainty at the outset of a project. You should publicize this uncertainty, not ...
Dealing with Risk and Uncertainty 155 Step 5. Evaluate and Interpret the Results. Figure 8-8 illus- trates the various outputs t ...
156 Project Management This is fairly common. Figure 8-8(b) is a probability curve. I believe this chart offers the greatest opp ...
Dealing with Risk and Uncertainty 157 ❏ The focus of your risk management efforts should be on addressing the “downside” effects ...
158 Project Management ❏There are four basic steps in managing downside risk: identify what threats may exist, quantify those t ...
159 B rad is ready for project execution. He and his team have prepared a plan and examined potential risks. Now it’s time to ge ...
160 Project Management What Project Control Really Means The term controlhas several meanings. Those new to project management a ...
Maintaining Control During Project Execution 161 This means that overall project control requires an eye on the future, as this ...
162 Project Management What Are You Actually Controlling? At this point, you’re probably saying, “OK, so I should be focused on ...
Maintaining Control During Project Execution 163 keeping control over all four of these dimensions of success as we move ahead. ...
164 Project Management deliverables. The estimates embodied in these documents create the basis from which variance is measured. ...
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