Project Risk Management A Proactive Approach

by Royer, Paul S.

• ISBN13: 9781567261394
• ISBN10: 1567261396
• Format: Paperback
• Copyright: 2001-10-01
• Publisher: Berrett-Koehler Publishers

Summary

You don't need sophisticated statistical analysis or software to improve the probability of project success. This book offers a proactive project management process for managing project risk from project initiation through planning, execution, control and closure. In addition, you'll apply a new technique for program risk auditing that lets you explore risk in multiple related projects. You'll learn how to uncover hidden risk during the planning phase and how to track and manage it throughout the project. You'll also learn to enhance project value by building a risk management repository to support ongoing knowledge transfer.

Author Biography

Paul Royer, PMP, is the founder of Proactive Risk Management, an informa-
tion technology and management consulting firm in Olympia, Washington, specializing in project management, risk management, and quality assurance. He has more than 30 years of experience in the information systems indus- try, specifically in health care, government, and consulting. His background includes project management, risk management, quality assurance, systems development, data and process modeling, data warehousing, data administra- tion, training and coaching, methodology development and implementation, business requirement definition, and process improvement. He has a BA in
Computer Science from the University of California at Berkeley.

Table of Contents

Preface	xi
Acknowledgments	xv
Risk Management As a Project Management Process	1	(12)
Overview of Risk Management Processes	1	(1)
Project Opportunity Assessment	2	(2)
Process	3	(1)
Risk Categories	4	(1)
Deliverable	4	(1)
Risk Management Planning	4	(2)
Process	4	(1)
Risk Classification	5	(1)
Deliverables	6	(1)
Project Risk Audit	6	(1)
Process	6	(1)
Critical Success Factors	7	(1)
Deliverables	7	(1)
Continuing Risk Management	7	(1)
Process	7	(1)
Deliverables	8	(1)
Risk Knowledge Transfer	8	(1)
Process	8	(1)
Deliverables	9	(1)
Program Risk Audit	9	(4)
Process	9	(1)
Critical Success Factors	10	(1)
Deliverables	10	(3)
Initiation: Project Opportunity Assessment	13	(10)
Executing a Project Opportunity Assessment	14	(4)
Participants	14	(2)
Timetable	16	(1)
Steps	16	(2)
Deliverables	18	(1)
Opportunity Assessment Risk/Opportunity Factors	18	(5)
Customer-Associated Risks	18	(1)
Contract Risks	19	(1)
Requirements Risk	19	(1)
Proposed Project Team Experience Risk	20	(1)
Project Management Risk	20	(1)
Work Estimate Risk	20	(1)
Project Constraints Risk	21	(1)
Complexity and Scale of Deliverables Risk	21	(1)
Contractors Risk	21	(2)
Risk Management Planning	23	(20)
Executing Risk Management Planning	23	(5)
Participants	23	(1)
Timetable	24	(1)
Steps	25	(2)
Deliverables	27	(1)
Recognizable Risk Definition and Planning Techniques	28	(10)
Risk Identification Techniques	31	(1)
Risk Classification	31	(3)
Risk Mitigation Strategy and Contingency Plan Evaluation and Planning	34	(2)
Documenting Risks	36	(1)
Aggregating Individual Project Risks	36	(2)
Assumption Definition and Planning Techniques	38	(2)
Assumption Identification Techniques	39	(1)
Assumption Evaluation	39	(1)
Enterprise/Program Risk Management	40	(3)
Execution: Project Risk Audit	43	(20)
Executing a Project Risk Audit	45	(5)
Participants	45	(1)
Timetable	46	(1)
Steps	47	(3)
Deliverables	50	(1)
Project Risk Audit Evaluation	50	(3)
Project Risk Audit Critical Success Factors	53	(10)
Organization	54	(1)
Risk Management	54	(1)
Planning	55	(3)
Milestones	58	(2)
Monitoring and Control	60	(1)
Scope Change Control	60	(1)
Resources	60	(1)
Functional Testing	61	(1)
Capacity and Performance Testing	61	(1)
Training	61	(2)
Controlling: Continuing Risk Management	63	(6)
Executing Continuing Risk Management	63	(6)
Participants	63	(1)
Timetable	63	(1)
Steps	64	(2)
Deliverables	66	(3)
Closure: Risk Knowledge Transfer	69	(12)
Executing Risk Knowledge Transfer	69	(4)
Participants	69	(1)
Timetable	70	(1)
Steps	71	(1)
Deliverables	72	(1)
Risk Knowledgebase and Metadata	73	(8)
Risk Knowledgebase Structure	75	(1)
Risk Knowledgebase Tables	75	(6)
Program Risk Audit	81	(18)
Executing a Program Risk Audit	82	(4)
Participants	82	(1)
Timetable	83	(1)
Steps	83	(2)
Deliverables	85	(1)
Program Risk Audit Evaluation	86	(3)
Program Risk Audit Critical Success Factors	89	(10)
Organization	89	(1)
Planning	90	(2)
Financial Resources	92	(1)
Direction	93	(1)
Coordination	93	(1)
Communication	94	(1)
Staffing Resources	94	(2)
Control	96	(1)
Risk Assessment	96	(1)
Seeks Remedies	97	(2)
Bibliography	99	(2)
Risk Management Lexicon	101	(12)
Index	113