Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project

Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project

Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project

Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project

Excerpt

"Your mission, Jim, should you decide to accept it. …"

So began each episode of the TV series Mission: Impossible, and what followed chronicled the execution of that week's impossible mission. The missions were seldom literally impossible, though; careful planning, staffing, and use of the (seemingly unlimited) budget resulted in a satisfactory conclusion just before the deadline— the final commercial.

High-technology projects today should also probably arrive on a tape that "will self-destruct in five seconds." Compared with project work done in the past, all high-tech projects are more timeconstrained, pose greater technical challenges, and rarely seem to have enough resources. All of this leads to increased project risk— culminating too often in a doomed project.

As a leader of high-tech projects, you need to know that techniques do exist to better deal with risk in projects like yours. When used, they will help you recognize and manage potential problems. Often, they can make the difference between a project that is possible and one that is impossible. This is what Identifying and Managing Project Risk is about. Throughout this book, examples from technical projects show how the ideas presented may be applied to meet challenges you may face. This is not a book of theories; it is based on data collected from hundreds of technical projects worldwide over the past ten years. A database filled with this information, the Project Experience Risk Information Library (PERIL), forms much of the foundation for this book. These examples are used to examine sources of risk, and they demonstrate practical responses that do not always resort to brute force.

The structure of the book also reflects the changes adopted in the 2000 edition of the Guide to the Project Management Body of Knowledge (PMBOK® Guide) from the Project Management Institute (PMI®, the professional society for project managers). The Risk section of the PMBOK® Guide is one of the key areas tested on the . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.