COMM 153 Lecture Notes - Lecture 13: Delphi Method, Risk Management, Brainstorming
Document Summary
Read chapter 7 of the heldman text (all pages) on assessing risk. Must be able to identify risks and analyze their potential impacts and possibility that the risk occurs. Risk: an event that poses a potential threat or potential opportunity. Some risks are disguised opportunities: taking on a new project is a risk. Cause rework leads to completed work being redone, costs company money and time. Goal as project manager is to complete project to satisfaction of stakeholders, in order to do so you must identify obstacles that will prevent you from finishing deliverables on time. Risk management: begins in planning process and ends in closing process, project long practice. Identify possible project showstoppers early in process and develop plans and strategies to reduce or avoid their impacts. Identify potential opportunities and take advantage of them. Enables you to reduce rework and keep budget and schedule. Proactive instead of reactive leads to increased credibility and reputation amongst stakeholders.
