Project Management Central

Please login or join to subscribe to this thread
Dealing with contigency plans
Network:1639



I think it's very important for project managers to know the direction to take if they have a predefined set of "what-if- scenarios". If the contingencies are not properly identified, the entire project can fail in an unexpected set of problems. How do you deal with ambiguous contingency plans?
Sort By:
Page: 1 2 <prev
Network:1478



Contingency plans need to be simple, clear - no ambiguity and doable if they are required. They should not distract from delivery of the base plan but be reviewed from time to time along with looking at the overall situation for the project.
...
1 reply by Anish Abraham
Dec 07, 2017 6:26 PM
Anish Abraham
...
Thanks Tim for your response.
Network:98127



Dec 06, 2017 8:08 AM
Replying to Pravin Kajarekar
...
I think the Agile Methodology has a better way of managing, implementing, and executing changes and therefore dealing with contingencies. The waterfall or spiral project management is gradually and surely being replaced by hybrid and ultimately Agile.
Why do you think it's better, Pravin?
Network:1763



Dec 06, 2017 8:08 AM
Replying to Pravin Kajarekar
...
I think the Agile Methodology has a better way of managing, implementing, and executing changes and therefore dealing with contingencies. The waterfall or spiral project management is gradually and surely being replaced by hybrid and ultimately Agile.
It is flexible, it is easy to manage the impact due to its small size, and can change as per market conditions and new technology development and faster to implement.
Network:1639



Dec 05, 2017 6:50 PM
Replying to Deepesh Rammoorthy
...
Once you have identified the Risks, Performed a qualitative Risk Analysis and rated the risks as Low , Medium , High , you must decide on the contingency plan for the Risks, especially the high risks . You must put the low risks on a Watch list , should they become high later. You must constantly monitor and control the risks.

The clarification of the Contingency plan to deal with the risks should come from the Project Management Team working very closely with the Risk Owner, should the risk owner be a Stakeholder, outside the Project Management Team.

There must be a Risk Owner for every risk that is identified .

As a Project Manager, you must make sure that the Risk Owners are addressing the risk appropriately and if there are ambiguities and road blocks , you must work hand in hand with the Risk Owner to remove them.

Plan, Do , Check , Act ---- Repeat .....until you are crystal clear on the contingency plans
Thanks for your feedback on this.
Network:1639



Dec 06, 2017 8:08 AM
Replying to Pravin Kajarekar
...
I think the Agile Methodology has a better way of managing, implementing, and executing changes and therefore dealing with contingencies. The waterfall or spiral project management is gradually and surely being replaced by hybrid and ultimately Agile.
Thanks Pravin for letting me know about the Agile Methodology.
Network:1639



Dec 06, 2017 8:19 AM
Replying to Tim Podesta
...
Contingency plans need to be simple, clear - no ambiguity and doable if they are required. They should not distract from delivery of the base plan but be reviewed from time to time along with looking at the overall situation for the project.
Thanks Tim for your response.
Network:1639



Dec 06, 2017 8:10 AM
Replying to Mansoor Mustafa
...
In my point of view there two types of contigencies reserves firstly congtegency reserve for know - unknow( at disposal of PM), secondly management reserve(Unknow - unknown) (at management disposal). Contigency in projects are deal accordingly
Thanks Mansoor for your feedback.
Page: 1 2 <prev  

Please login or join to reply

Content ID:
ADVERTISEMENTS

"That rainbow song's no good. Take it out."

- MGM Executive Memo after first showing of The Wizard of Oz

ADVERTISEMENT

Sponsors