How to Manage Project Risks, Part 6: Project Delivery Risks
- 20 November, 2007 11:54
- Comments
There are a series of 8 systemic or common risks to the successful delivery of any project that should be formally considered, evaluated and, where necessary, action taken.
A key aspect of these risks is that they can change during the project so that the risk assessment needs to not only identify the current risk situation but also the target risk situation.
Systemic Project Delivery Risks are proscribed - each risk has four alternative risk levels. Your project team can then select the risk level description that best fits your project's current status. You can also select the risk level description that best fits your target situation or level of risk (which may not be fully mitigated).
Action plans to move from the current to the desired future risk state can then be developed, approved and actioned.
Progress towards achieving the target risk level can then be reported against a scheduled risk management action plan.
All pretty standard stuff, except that it is rarely done.
The provision of proscribed standard risk options allows all projects' Project Delivery Risks to be compared as they all potentially have the same risks. To see how this risk profiling tool works, go to www.manageyourprojectprofile.com.
The standard systemic project delivery risks cover:
| 1. Business requirements | How well are the business requirements known and stable? |
| 2. Design skills | Do we have the requisite skills to design the solution? |
| 3. Development skills | Do we have the requisite skills to develop and implement the solution? |
| 4. Technical risk | Are we dealing with known or new technologies? |
| 5. Business knowledge | How well does the project team understand the business and its issues? |
| 6. Client risk | Has this project team worked with this Sponsor/business before? |
| 7. Timescale risk | How long is the project's duration (allowing, therefore, the time for requirements to change)? |
| 8. Failure risk | What is the business consequence if this project failed? |
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.
- Bookmark this page
- Share this article
- Got more on this story? Email CIO
- Follow CIO on twitter
-
Australia's first 4G smartphone is the HTC Velocity 4G
-
Swedish e-commerce startup's execs linked to NYC sex crime
-
Face Time - Interview with John Brennan and Robert DiStefano
-
How to implement next-generation storage infrastructure for Big Data
-
Pfizer's Future Depends on IT Transformation
-
Server and Storage Optimization Techniques
By meeting the requirements to deploy new applications and support a larger number of internal and external customers, IT organizations are facing a space, power, and cooling crunch. Read on. -
Closing the print security gap - The market landscape for print security
Today, many organisations continue to rely on printing to support business processes, particularly in the public sector, finance industry and legal profession. Whilst MFPs and printers have improved business productivity, they pose the same security risk as any networked device if left unprotected. With reported data breaches on the rise and growing industry and regulatory requirements around information security, businesses may suffer financial and reputational damage if they ignore the risks of unsecured printing. Read more. -
Print security and the mobile workforce
Where, when, and how we work is changing. Whether your employees are working on the road without a dedicated workstation or from a home office, they need a safe way to print. Driving this shift is the accelerating adoption of smartphones, tablets, and other mobile devices. But even with these devices, printing remains a key business function for virtually all employees, and many may already be using them to print. Read more.
Get exclusive access to Invitation only events CIO, reports & analysis. 
Comments
Post new comment