managing project risks & issues
DESCRIPTION
- Why you should manage risks and issues on projects - The relationship between risks and issues - Enhance your chances of project success - The need for balance and the project triangleTRANSCRIPT
Managing Project
Risks & Issues
Author: Carl Phillips
www.8020consultations.com
Risks & Issues – Why Record Them?
Effective Risk and Issue management will aid:
Delivery of projects (within time and budget)
Defining and maintaining controls/standards
Driving and supporting appropriate behaviour/discipline
The Balance within the Project Triangle (see next slide)
The chances of project success
Project Triangle – The Need for Balance
Scope Cost
Time
Quality
The Relationship Between Risks & Issues
Risks:
events that could potentially happen in the future and require positive steps to deal with them
Issues:
events that impact us now and often need more immediate attention/action
Risks that materialise have the potential to become issues if
not dealt with appropriately so Risk and Issue management
is closely linked.
Capturing Risks & Issues
Project Risk/Issue Log:
raises awareness of a problem
formally raises the risk/issue within the project
provides a central point of reference for all project risks and
issues
provides a log of agreed actions and their outcome
provides a tool to manage the progression, escalation and
resolution of a problem/potential problem/opportunity
Escalating Risks & Issues
Projects may need to escalate risks/issues up to programme or
executive level
Recording and escalating risks/issues is the responsibility of
each project
The Project Management Office (PMO) or designated project
support can oversee and assure the management of
risks/issues in line with local Risk and Issue Management
Processes
Project/Programme Toolkit
One stop shop for project needs
(templates, guidance, management processes)
For More – Contact 80/20 Consultations Ltd
(www.8020consultations.com)
PMO & Project Toolkit Setup/Consulting:
Simplify Your Projects and Make Managing Them Easier
Standard Templates and Processes to Match Your Needs
Reduce Unnecessary Drain on Stretched Resources
Increase Project Success
Productivity and Process Improvement Consulting:
Achieve More
Focus Resource and Effort on What Matters Most
Improve Business Approach to Email and Meetings
Increase Your Chances of Business Success
www.8020consultations.com