1. Chapter 10 Risks

2. 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

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

4. 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)

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