Risk Mitigation

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Risk Mitigation

• Top 10 Risks List
• Project Plan
• Issues List
• Status Reports
• Change Control Board

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Risk (noun)

• Etymology French risque, from Italian risco
• Possibility of loss or injury
• Someone or something that creates or suggests a
  hazard
• Any event that may cause the project to be less
  than a success

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Project Risk Examples

• Users may find the system acceptable
• Components from a vendor may not work as believed
• A vendor may not continue to support the
  components
• The computing or business environment may make
  the project obsolete
• Exercise identify some more typical risks to
  projects

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Managing Risk

• Projects in trouble often have done a poor job of
  managing risk
• Risk mitigation is an ongoing chore, performed
  regularly
• Steps to managing risk
• Identify risks
• Evaluate potential for each risk
• Develop mitigation plans for each risk
• Implement the mitigation plans!
• Go to step 1 until project is complete!

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Default Risk Mitigators

• Top 10 Risks List
• Weekly Status Reports
• Issues List
• Change Control Board
• Project Plan

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Top 10 Risks List

• Identify all risks that could affect the project
• Evaluate the likelihood of each
• Evaluate the impact of each
• Rank the risks
• Track the movement of risks on the list
• Identify mitigating actions to avoid the risk!
• Example risks list found on the homepage

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Weekly Status Reports

• Whos doing what
• Who will do what next week
• Status of work in progress
• Problems delaying work
• Change control items
• Major issues

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The Issues List

• Issues are items that may delay the delivery of
  the project, including questions about unknowns
• Contents
• Issue name, date identified, description
• Who is assigned to resolve the issue
• Status (open, closed, deleted)
• Resolution (the answer)

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Change Control Board

• Change control addresses scope creep
• Formal change control board approves changes
• Client and project team leaders are on the
  change control board
• If scope is not managed, the project will become
  huge beyond your wildest nightmares!

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Change Control

• Major changes to scope that affect the timeline
  or cost
• When a change is identified, a change proposal is
  submitted to the Change Control Board
• The CCB consists of senior representatives from
  the client and the development team
• Changes are evaluated by the CCB and approved,
  modified or rejected

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Project Plan

• Resources
• assigned to Tasks
• that have a duration and effort
• A task may have dependencies
• on other tasks
• The critical path is the shortest time to
  completion

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The Critical Path

• The critical path is the sequence of tasks that
  each must be completed on schedule in order for
  the project to complete on schedule.

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Project Plan Views

• A project plan can be viewed as a GANTT chart and
  a PERT chart
• GANTT charts highlights project and task
  timelines
• PERT chart highlights task dependencies and the
  critical path

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GANTT Chart Example
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PERT Chart Example
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PERT Chart
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Exercise Create GANNT View
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Next The Unified Modeling Language

• A notation (language) for development
• Does not say how to develop
• Defines basic deliverable models
• Developed by Booch, Rumbaugh and Jacobsen