Chapter 10 Risks

Risk Management Plan Risk is anything that may jeopardize the success of the project Risk Management Plan identifies the risks associated with a project and provide plans to manage them Risk Management Levels Elimination of risk -- transfer the risk, insurance Risk reduction -- matching offers for leaving staff Damage control -- circuit breaker contingency plan -- spare part, backups Accept the risks

Trouble signs Schedule slippage Over budget Score/feature creep Poor quality Lack client support Employee turnover

Change process control Up to 40% of a project’s cost comes from change of requirements Top reason for a project to fail, meaning Late Over budget Less features Poor quality Introduce strict process Introduce process for Emergency Change Request (ECRs)

Hurry up and wait syndrome Hurry – from client Nothing back from client on details Never mind – later