Project Management

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What all factors based on project complexity influence risk management approach

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Mehul Shukla Gurugram, HR, India
Hi PMO community, I am leading a workstream of my Organization's PMO office on defining risk management approach based on project complexity. I am looking for some guidance on below two things-:
a) Apart from technical , what all factors we need to be mindful to evaluate a project complexity?
b) Based on project complexity, can we rationalize our approach to risk management for less vs more complex projects?
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Mehul -

I would suggest looking at one of the existing project complexity models rather than getting a random list. Disciplined Agile provided one such set of factors which includes technical but also stakeholder complexity amongst others.

Tailoring risk management approaches should definitely consider complexity as one of the criteria, but not the only one as things like stakeholder risk appetite and tolerance also need to be considered.

Kiron
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
It will depends of lot of factors but mainly related to the domain where your company is working on. Just to talk about my last work we defined a classification of projects by tiers using a 5 tier model where tier 1 was the most important. General speaking, things that for the industry where I worked were budget amount, benefit amount, go live date, parent and child projects, business function, applications impacted, impacted sectors, markets and business unit.

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