Risk Management Andrew Tilstra Jameson Smieja William Schaffer Kurt Butz

Risk Management The art and science of identifying, analyzing and responding to risk

Project Objectives To gather good examples of project management documents to be used as a resource on Kathy Schwalbe’s website

Sub-Project Objectives To gather and analyze documents pertaining to risk management To gather and analyze articles pertaining to risk management To implement project management tools learned in class

Group Org Chart

Project Deliverables Team Website – Management.htm Management.htm At Least 10 Document Examples At Least 4 Articles 2-3 Interviews Project Notebook

Project Focus Area Machinery Caterpillar Paving Products Inc. Caterpillar was unwilling to share risk management documents with us – We were able to do two interviews at CAT but were unable to use specific product or process information

Document Search We broadened our focus to include risk management documents from any area Documents mainly found using internet search engines – Google – Yahoo Some documents came from industry contacts

Article Search We found an abundance of articles relating to risk management Articles were found using search engines Took majority of articles from PMI’s website

Interviews Evan Graham, Six Sigma Black Belt John Appelen, Project Manager

Project Management Tools Microsoft Project Discussed our Myers-Briggs results to better understand each other Risk Tracking Document

Risk Tracking Survey Purpose: To identify potential risks Method: – Risk team identified list of 10 items – Team managers were asked to rank risks 1-10

Risk Tracking Survey Results

Risk Tracking Survey Outcome Results were not discussed in second status report No action was taken to identify and mitigate risks until late in the project

Project Success We successfully… – Found 2.5 Documents per person – Found more than 1 Article per person – Documented 2 Interviews – Organized all documents onto a website – Used project management tools and methodologies

Project Shortcomings We had trouble… – Effectively implementing risk tracking process – Reaching Milestones on-time – Tracking Team hours

Lessons Learned Ensure that objectives are clearly understood Take time to plan and follow that plan Communicate effectively

Questions