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Management Guide
Project risk is one of those exciting topics that everyone has an opinion about.
Ask executives, functional managers, project managers or engineers about project risk — you'll get a laundry list o
complaints.
Lack of executive and stakeholder commitment usually tops the list. This is often followed by bad requirements, co
change, bad project managers and bad resources. In other words, risk identification tends to bring out plenty of neg
emotions and finger pointing.
Simplicable Guide
A-Z All this misses the true value of project risk management. Any good project has plenty of risk. After all, the nature
Popular business is taking risks.
Business
Design The risk free project achieves exactly nothing. You don't build businesses and great public institutions by hiding un
Tech rock.
More ...
Risk management is about maximizing your chances of project success by identifying risks early on and planning h
manage them. The following examples of risks will get you started down the path of risk identification.
Executive Support
Scope
Management
Management Styles
Change Management
Project Management Cost Management
Management Showdown
Types of Management 11. Cost forecasts are inaccurate
Human Resource Management Inaccurate cost estimates and forecasts.
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Knowledge Management
Management by Leadership 12. Exchange rate variability
Management Challenges When costs are incurred in foreign currencies exchange rates can have a dramatic impact.
Management Ideas
Management Principles
Management Standards
Management Strategy
Management Types Change Management
Operations Management
Program Management 13. Change management overload
Quality Management A large number of change requests dramatically raises the complexity of the project and distracts key resources.
Risk Management
Supply Chain Management 14. Stakeholder conflict over proposed changes
Management Manual Change requests may be the source of stakeholder conflict.
Stakeholders
Communication
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The risk that users believe the project is building an apple when you're really building an orange (i.e. users don't
understand the product that's coming their way).
Management Showdown
32. Impacted individuals aren't kept informed
A stakeholder is missing in your communication plan. Anyone who isn't informed but is impacted has an excelle
reason to throw up project roadblocks. For example, if you build a system but fail to consult the operations group
will be responsible for support.
Architecture
Design
Technical
54. Technology components aren't compliant with standards and best practices
Non-standard components that violate best practices.
Integration
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The last thing you want is for your project to disrupt business operations and damage the firm's financial results.
about risks beyond project failure.
Requirements
Procurement
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Authority
Organizational
Risk Management 107. The project fails to match the organization's culture
A culture fit issue between your product and the organization. If the organization's culture calls for employees to
their own mobile devices to work (BYOD) and you build a user interface that only works on a specific device.
External
Project Management
Secondary Risks
User Acceptance
Commercial
The following risks may apply to new product development projects.
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Risk Management »
Project Management »
Change Management »
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