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IT Project Risk Assessment and Control

IT Project Risk Assessment and Control. Or…. Why bad things happen to good IT projects. If everything is going exactly to plan, something somewhere is going massively wrong. . http://www.project-training-uk.freeserve.co.uk/page1.htm. Why Study Risk and IT?.

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IT Project Risk Assessment and Control

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  1. IT Project Risk Assessment and Control Or…..

  2. Why bad things happen to good IT projects If everything is going exactly to plan, something somewhere is going massively wrong. http://www.project-training-uk.freeserve.co.uk/page1.htm

  3. Why Study Risk and IT? • If you don't attack the risks, the risks will attack you. http://www.project-training-uk.freeserve.co.uk/index.htm • “What’s worse than having a pricey project collapse? Knowing it could have been prevented” http://www.pmi.org/Pages/Risk_Identification.aspx • Risk management key element of project management. • July 2008, PMI launched the Risk Management Professional (PMI-RMP)SM credential.

  4. Why Study Risk and IT? • Complexity • Ambiguity/Intangible • 90% Syndrome

  5. What is a Project? • “a temporary endeavor undertaken to create a unique product, service, or result.” PMBOK® p. 5

  6. Characteristics of a Project PMBOK® • Temporary • Unique Product, Service, or Result • Progressive Elaboration • What is the difference between projects and operational work?

  7. What is Project Management? • “the application of knowledge, skills, tools, and techniques to project activities to meet project requirements” PMBOK® p. 8

  8. Project Management Includes... PMBOK p. 8 • Identify requirements • Establish clear and achievable objectives • Balance competing demands for quality, scope, time, and cost. • Adapt the specifications, plans, and approach to the different concerns and expectations of the various stakeholders.

  9. What are the Project Life Cycle Phases? • Wild enthusiasm • Disillusionment • Confusion • Panic • Search for the guilty • Punishment of the innocent • Promotion of the non-participants http://www.project-training-uk.freeserve.co.uk/page2.htm

  10. Project Life Cycle Phases, according to PMBOK® • Initiation • Planning • Executing • Monitoring and Controlling • Closing

  11. Project Life Cycle and Product Life Cycle

  12. Project Management Knowledge AreasPMBOK® • Project Integration Management • Project Scope Management • There is no such thing as scope creep, only scope gallop. • Project Time Management • "I love deadlines. I love the whooshing noise they make as they go by.“ Douglas Adams • Project Cost Management • Project Quality Management • If an IT project works the first time, it is wrong. http://www.project-training-uk.freeserve.co.uk/page2.htm

  13. Project Management Knowledge AreasPMBOK® • Project Human Resource Management • Managing IT people is like herding cats. • Project Communications Management • Project Risk Management • Project Procurement Management http://www.project-training-uk.freeserve.co.uk/page2.htm

  14. Common Laws and Principles Associated with Project Management • Murphy’s Law • If it can go wrong, it will • Parkinson’s Law • Work expands to fill the time available for its completion • 80/20 Principle • What 20% sources of risk are causing 80% of your project problems

  15. More Laws and Principles • O’Malley’s corollary to Murphy’s Law - If it can’t possibly go wrong, it will. • Sod’s Law - It will go wrong in the worst possible way. • If there is a 50% chance of something going wrong then 9 times out of 10 it will. • A two year project will take three years, a three year project will never finish - (anyone know who's law this is?) • Murphy, O'Malley, Sod and Parkinson are alive and well - and working on your project. http://www.project-training-uk.freeserve.co.uk/page2.htm

  16. Sources of Risks • Practices / Processes (following a bad process or badly following a good process) • http://www.youtube.com/watch?v=OfgfnZZdMlI&NR=1 • Technology • http://www.youtube.com/watch?v=kvBiSW5QFKY • People • http://www.youtube.com/watch?v=HDu5Wo8Yh1k

  17. Second Life Account • NMC Island – Create a Second Life Account on and Educational Island • http://sl.nmc.org/create.php

  18. References • Information Technology Project Management, 4th edition. Kathy Schwalbe • Murphy’s and Parkinson’s Law • The 4-Hour Workweek, Timothy Ferriss • 80/20 Principle • “Understanding the ‘90% Syndrome’ in Software Project Management : A Simulation-Based Case Study” the Journal of Systems and Software (8:4), 1988, pp. 319-330.

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