Project Management Central

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Topics: Risk Management
Iranian market-space risks
Network:14



It's unwise to consider a medium- to large-scale project completely independent from market-space risks. As such conditions now imply on Iranian market by sanctions, political situation etc. We are now planning our new project. meanwhile we are facing a problem that almost every task is directly affected by two certain risks - i.e. extremely volatile exchange rates and vendors avoiding to sell goods even for civil projects.
Apart from highly detailed risk planning and huge contingency reserves, what more preparations a project manager is expected to do to make sure the project will not fail?
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Network:23656



You better have Plan B, C and D for each vital task. a detailed list of potential suppliers and also make or buy decision strategy are two key factors.
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2 replies by Seyed Ali Vakilzadeh and WEE ANN JIMMY NG
Jul 15, 2019 12:10 PM
WEE ANN JIMMY NG
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My thoughts too.
Jul 16, 2019 1:58 AM
Seyed Ali Vakilzadeh
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A risk response plan is now on the table, actually the risk table has grown to several hundreds and it gets more complicated to track.
Network:99687



I would consider adding frequent gates to regularly gauge if the project should continue or be stopped. Throwing more money at a project does not always make it remain beneficial. It may become unprofitable, unusable or unfit.
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1 reply by Seyed Ali Vakilzadeh
Jul 16, 2019 2:00 AM
Seyed Ali Vakilzadeh
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Very good idea!
Network:160



Jul 15, 2019 8:09 AM
Replying to Abolfazl Yousefi Darestani
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You better have Plan B, C and D for each vital task. a detailed list of potential suppliers and also make or buy decision strategy are two key factors.
My thoughts too.
Network:14



Jul 15, 2019 8:09 AM
Replying to Abolfazl Yousefi Darestani
...
You better have Plan B, C and D for each vital task. a detailed list of potential suppliers and also make or buy decision strategy are two key factors.
A risk response plan is now on the table, actually the risk table has grown to several hundreds and it gets more complicated to track.
Network:14



Jul 15, 2019 10:15 AM
Replying to Stéphane Parent
...
I would consider adding frequent gates to regularly gauge if the project should continue or be stopped. Throwing more money at a project does not always make it remain beneficial. It may become unprofitable, unusable or unfit.
Very good idea!

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