Project Management Risks and Constraints

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Topics: Risk Management

Intelligent project management requires getting a handle on risks and constraints. In this presentation, we present a simple primer on the most common challenges your project can face.

What risk management does:

• Identify potential problems and confront them when it is cheaper and easier to do so, before there are problems and before a crisis blows up.
• Focus on the project’s goals and consciously look for things that may affect quality throughout the project lifecycle.
• Identify potential problems early in the planning cycle (the proactive approach) and provide input into management decisions regarding resource allocation.
• Involve personnel at all levels of the project, focus their attention on a shared project (or product) vision, and provide a mechanism for achieving it.
• Increase the overall chances of project success.

Constraints to consider will also be covered:

• Budget
• Schedule
• People
• Real life” in the “real world”
• Equipment, facilities and infrastructure

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