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What is different in the initiating and planning phases of the project as compared to how risk is managed in the executing phase of the project?

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SHADAV MOHAMMAD ANSARI PMO| ITC INFOTECH INDIA PVT. Ltd. New Delhi, Delhi, India
What is different in the initiating and planning phases of the project as compared to how risk is managed in the executing phase of the project?
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Shadav -

During the early stages of a project, there is likely more effort spent identifying, analyzing, communicating and responding to risks as the level of uncertainty is greater. Once we are delivering the scope of our project against approved baselines, we still will go through identification, analysis and response on a periodic or trigger-driven basis, but the majority of the focus is on monitoring & control of the known-unknowns.

Kiron
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1 reply by SHADAV MOHAMMAD ANSARI
Nov 21, 2017 11:53 PM
SHADAV MOHAMMAD ANSARI
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well explained. thanks.
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Sergio Luis Conte Helping to create solutions for everyone| Worldwide based Organizations Buenos Aires, Argentina
None. Nothing is different. Because the way you do that depends on your project life cycle.
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Anonymous
1. Here we go again - you are talking about process groups and not project phases

2. Managing risks in any stage or process or project or outside of a project would be quite similar. The difference is the type of risks
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1 reply by SHADAV MOHAMMAD ANSARI
Nov 21, 2017 11:52 PM
SHADAV MOHAMMAD ANSARI
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Noted with thanks.
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Kamal Bari Project Manager| Eucatex S/A Industry Valinhos, São Paulo, Brazil
Practically is the same the way you manage your Risks throughout your project
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1 reply by SHADAV MOHAMMAD ANSARI
Nov 21, 2017 11:52 PM
SHADAV MOHAMMAD ANSARI
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well noted.
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
During the initiation phase, risks are managed as part of making the business case. During the planning phase, risks are managed to help plan appropriately the schedulie quality and budget.

As you can see, you are doing all the risk management activities during inition and planning. The difference is why you are doing it.
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SHADAV MOHAMMAD ANSARI PMO| ITC INFOTECH INDIA PVT. Ltd. New Delhi, Delhi, India
Noted with thanks.
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SHADAV MOHAMMAD ANSARI PMO| ITC INFOTECH INDIA PVT. Ltd. New Delhi, Delhi, India
Nov 21, 2017 10:47 AM
Replying to Kamal Bari
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Practically is the same the way you manage your Risks throughout your project
well noted.
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SHADAV MOHAMMAD ANSARI PMO| ITC INFOTECH INDIA PVT. Ltd. New Delhi, Delhi, India
Nov 21, 2017 8:29 AM
Replying to Kiron Bondale
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Shadav -

During the early stages of a project, there is likely more effort spent identifying, analyzing, communicating and responding to risks as the level of uncertainty is greater. Once we are delivering the scope of our project against approved baselines, we still will go through identification, analysis and response on a periodic or trigger-driven basis, but the majority of the focus is on monitoring & control of the known-unknowns.

Kiron
well explained. thanks.

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