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Assessing Risk

You've read the headlines lately. Some organizations who should have known better learned a hard lesson--assess risk before blindly jumping into what could become a costly disaster. A 1995 Standish Group study found that only approximately 16 percent of IT application development projects were successfully completed on time and on budget. Proper risk assessment will help put your project within that 16 percent.

gantthead articles

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People, Process and Technology in Risk Management
- by Harvey Noyes (May 1, 2004)
There is a widening gap between the ability of the new technologies to deliver information beyond management expectations and the actual use of that data by management to make improved business decisions. This article focuses on building a culture of analysis and risk management.

The Space Shuttle Columbia Disaster: Clarity of Purpose and its Impact on Risk
- by Frank Winters (February 12, 2003)
NASA's space shuttle program serves as a case study in examining the relationship between clarity of mission and purpose and the determination of acceptable risk. Clarity of purpose is critical to the planning and management of programs and projects. There have been times when the mission of our space program was very clear, such as during the Apollo mission, and other times--including the present--when the specific purpose of each mission and the program itself has been less clear.

The Fraud Squad
- by Daintry Duffy (January 9, 2003)
When it comes to fraud, the CSO is responsible for detection, protection, prevention and recovery of all the organization's assets.

Project Management According to Napoleon, Part 5
- by Jerry Manas (July 2, 2002)
In this fifth article in a series of six, we'll be discussing Napoleon's thoughts on planning and risk management, topics that are central to his principles.

Program Management 101
- by Kathryn M. Denton (March 6, 2002)
Perhaps the biggest mistake of program management is not recognizing when you have a program to begin with. Tune in to program management, where visibility equates to risk and all of the program managers are well above average.

More Requirements: No Impact--No Problem
- by Dan Oliver (February 11, 2002)
It's high time project managers and sponsors start practicing what they preach by implementing project management's best practices.

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Risk Management Grid ( Evaluation Assessment - Example )
The Risk Management Grid is a technique to identify potential risk events that could impact one of more of the project’s Seven Win Conditions. Importantly, it also serves to decide how those events will be prevented or mitigated.

Risk Quantification
There are risks, and there are risks. This presentation shows you how to quantify risks to evaluate and determine what they can do to your project (and your career as a successful project manager).

Other Factors You Must Consider in Project Planning
There are common risk factors that could seriously impact your project, and they might not appear in your project plan, task list or schedule.

How to Conduct a Project Feasibility Study
A project worth doing is a project worth doing right. But can the project really be done at all? Learn how to assess project feasibility by taking into account potential constraints.

Risk Evaluation Matrix ( Template )
Once you know which factors are considered risks to yor project, arrange these factors into a risk evaluation matrix. Don't worry. We'll walk you through it.

Managing Project Risk
This presentation is a short but sweet refresher course on risk analysis, identification, reporting and mitigation within the context of an ongoing project review process. Remember, risk dogs a project throughout its entire life cycle.



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