Product Operations Program ManagerBarcelona, Cataluña, Spain
What would you do if you join an ongoing project and are assigned to manage project risks? What would your first steps be? What project documents would you take a look first? Saving Changes...
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Bala S DuvvuriProject Manager| ShellBangalore, Karnataka, India
Documentation reviews is one of the tool & technique for Identifying the risks.
These are the details from PMBOK 5th edition for identifying the risks.
Documentation Reviews
A structured review of the project documentation may be performed, including plans, assumptions, previous project files, agreements, and other information. The quality of the plans, as well as consistency between those plans and the project requirements and assumptions, may be indicators of risk in the project.
Project documents provide the project team with information about decisions that help better identify project risks. Project documents improve cross-team and stakeholder communications and include, but are not limited to:
• Project charter,
• Project schedule,
• Schedule network diagrams,
• Issue log,
• Quality checklist, and
• Other information proven to be valuable in identifying risks.
and some other documents like
Risk register Saving Changes...
If I am the new PM then I will meet the previous PM and will acquire knowledge of the project from him. The information I need ought to be found in Risk Register and Issue Log.
If I join the team as Risk Manager, I will meet the PM, have knowledge and information from him and then refer to Risk Register and Issue Log.
In addition to above, I will review the performance baselines. Saving Changes...
Ideally it should start with Project Management Plan and follows with Risk Management plan and risk register. Based on present risks,will follow other plans in details. Saving Changes...
Dominic LawProduct Manager| PCCW GlobalHappy Valley, Hong Kong
Step 1 is the risk management plan and risk register. Next is to review if any risk update from any project meetings. Then it is worth while to contact the stakeholders to review the risk and issue registers, priority on the top risks. Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Trying to add something to great comments above I will meet the stakeholders and I will review the project schedule or something similar to make a "what if" activity with them. At the same time, I will be focused on stablish the ground rules with all the stakeholders regarding project risks management (if there is a project risk management plan, great) mainly because the escalation process. Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Don''t forget to review whether the current contingency reserve is sufficient to cover known risks. Saving Changes...
Since you asked the "first steps" after assigned to the project ( I assume it is but before any baseline has been done for the assigned project).
#1. Look for Organizational Process Assets related to risk management.
#2. Review the Risk Management Plan, if available already as an OPA.
#3. Assess the Enterprise Environmental Factors (EEF), especially the risk attitude, risk appetite, risk threshold, stakeholders tolerance, culture, organizational structure etc
#4. Review the ALL the contract / project documents, plans, drawings, specifications, policies etc
#5. Prepare a suitable modification or adjustment plan ( including any modification / adjustment needed for yourself), seek an expert''s judgment on your proposed modifications to the OPAs and proceed ( or withdraw) accordingly to appropriate senior authorities to seek approval for modifying the existing OPAs before implementing your own full action plan based on your previous company''s/projects'' experiences.
Ari Saving Changes...
Hajni AltamiranoProject Manager| Su Lavanderia Ambato, Quito, EcuadorLondon, United Kingdom
Completely agree with Dominic Law''s comments since the project is ongoing and assume a risk register has been set up already. Saving Changes...
Myles MillerCEO & Founder| Success HQHarrisburg, Pa, United States
Use current risk documentation as outlined in other comments. Confirm that those documents are effective and have real function and usability. Then, explore what is still needed. Keep risk management "top of mind" by ensuring some discussion and debate is centered on it throughout team meetings and on a regular basis, either weekly, bi-weekly or monthly. Saving Changes...
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