Project Management

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Risk Management question

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Kaarthik Sundaramoorthy San Jose State University Ny, United States
So assuming a Project what are the risks which will be needed to be dealt with to successfully complete this project?
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Kaarthik -

There will be many risks which could affect completing course work including:

- Falling sick
- Higher priority responsibilities emerging
- Not understanding the course content sufficiently well to complete the course work in a quality manner
- The course getting cancelled mid-stream for reasons outside of our control

Kiron
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1 reply by Kaarthik Sundaramoorthy
Nov 16, 2020 10:56 AM
Kaarthik Sundaramoorthy
...
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Kaarthik Sundaramoorthy San Jose State University Ny, United States
Nov 16, 2020 10:39 AM
Replying to Kiron Bondale
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Kaarthik -

There will be many risks which could affect completing course work including:

- Falling sick
- Higher priority responsibilities emerging
- Not understanding the course content sufficiently well to complete the course work in a quality manner
- The course getting cancelled mid-stream for reasons outside of our control

Kiron
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
Projects are created to get an opportunity then there are inherent risks by definition. So, think on the opportunity the organization are trying to get and make a "what if" analysis to make the list of risks. You can use PESTLE analysis and Michael Porter´s Five Force analisys as a guide to find risks too.
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Abolfazl Yousefi Darestani Manager, Quality and Continuous Improvement| Hörmann-TNR Industrial Doors Newmarket, Ontario, Canada
Kiron and Sergio made good points.
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Peter Rapin Subject Matter Expect; Project Delivery| Independent Consultant Ontario, Canada
In response to your question - Project failure.

Failure to meet the requirements
Failure to stay within the constraints - cost, time, quality

The risks are events that will cause one or all of these possible failures.. Ask the questions; what, why, where, when, how, who

Then consider the events that will provide an opportunity to enhance the deliverables. What can make it better, shorter, less costly, etc.
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Alan Bergsma Director of Project Risk Management| ALB Consulting Paradise Point, Qld, Australia
Risk Identification Workshops are an effective way of identifying risks. Some of the most effective methods of Identify risks is via the following tools and techniques
• Brainstorming (including Delphi technique and Nominal Group technique)
• Root cause analysis
• Cause and effect analysis (Ishikawa diagrams)
• Project constraints review
• Assumption analysis
• Constraints analysis
• External risks analysis
• Mind mapping and affinity diagramming
• Checklist analysis
• Business process analysis

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