Telecommunications Project Management. Risk Management. What is risk?. “Event that disrupts the execution of a project and reduces its chances of meeting its objectives of quality, cost, or schedule.” Characterized by: Root cause Probability of occurrence Financial consequence (EV & NPV).
There is a psychological power in a schedule that externalizes and amplifies the commitment that is being made.
Weak or no vision document
Poorly written or no specs
Poor or aggressive work estimates
No budget for integration
No budget for user interface iterations
Prayer of a schedule