Professional Documents
Culture Documents
Risk Assessment
• Testing
– Workstation conformance testing
– Server backup testing
– Network conformance testing
– Functional system testing
• Training
– Training of trainers
– In-house training
• Assessment
– Work flow revisions
– IT procedures revisions
Tips for Breaking Down the Project
• Breakdown the work until you can do an estimate
that is accurate enough for your purposes.
– If you are pricing a project to submit a competitive bid
then you are likely to go down to the work package level.
• Tasks should be limited as best as possible to one
day or more to complete.
• Activities should have clearly defined start and end
– Avoid open-ended tasks like “research” or “market
analysis.”
• Accountability and control are important! Break the
work down so that one individual is clearly
responsible for each unit.
WBS Planning Tools
• Work Flow Diagram
Visually demonstrates the pacing and
relationship between work packages within a
project.
Example Work Flow Diagram
Risk Assessment Revisited
Risk Assessment Methodologies
• The goal of risk assessment is to reduce risks to
an acceptable level, through risk reduction and
mitigation efforts.
• By necessity, there is no cut-and-dried method
for risk assessment.
– Industries and professions use their own set of
metrics to calculate risk and its impact.
• Risk assessments are conducted primarily to
aid in the planning and decision-making
process.
A Generic Risk Assessment Method
• Risk assessment is often framed within three critical
concerns:
– Probability: The likelihood of its occurrence within the
current project.
– Impact: The degree of change (budget and schedule) which
can be expected from its occurrence. Not all risks have the
same degree of impact.
– Exposure: The resulting negative effects to the organization,
i.e. professional reputation, market share, revenue reductions,
etc.
• There are many other methodologies used to determine
risk, often determined by the industry within which the
project occurs.
Determining Probability