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Risk Management

Risk Management. Andrew Tilstra Jameson Smieja William Schaffer Kurt Butz. Risk Management. The art and science of identifying, analyzing and responding to risk. Project Objectives. To gather good examples of project management documents to be used as a resource on Kathy Schwalbe’s website

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Risk Management

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  1. Risk Management Andrew Tilstra Jameson Smieja William Schaffer Kurt Butz

  2. Risk Management The art and science of identifying, analyzing and responding to risk

  3. Project Objectives • To gather good examples of project management documents to be used as a resource on Kathy Schwalbe’s website • www.kathyschwalbe.com

  4. Sub-Project Objectives • To gather and analyze documents pertaining to risk management • To gather and analyze articles pertaining to risk management • To implement project management tools learned in class

  5. Group Org Chart

  6. Project Deliverables • Team Website • http://personal.stthomas.edu/jcpalzer/Bill/RiskManagement.htm • At Least 10 Document Examples • At Least 4 Articles • 2-3 Interviews • Project Notebook

  7. Project Focus Area • Machinery • Caterpillar Paving Products Inc. • Caterpillar was unwilling to share risk management documents with us • We were able to do two interviews at CAT but were unable to use specific product or process information

  8. Document Search • We broadened our focus to include risk management documents from any area • Documents mainly found using internet search engines • Google • Yahoo • Some documents came from industry contacts

  9. Article Search • We found an abundance of articles relating to risk management • Articles were found using search engines • Took majority of articles from PMI’s website

  10. Interviews • Evan Graham, Six Sigma Black Belt • John Appelen, Project Manager

  11. Project Management Tools • Microsoft Project • Discussed our Myers-Briggs results to better understand each other • Risk Tracking Document

  12. Risk Tracking Survey • Purpose: To identify potential risks • Method: • Risk team identified list of 10 items • Team managers were asked to rank risks 1-10

  13. Risk Tracking Survey Results

  14. Risk Tracking Survey Outcome • Results were not discussed in second status report • No action was taken to identify and mitigate risks until late in the project

  15. Project Success • We successfully… • Found 2.5 Documents per person • Found more than 1 Article per person • Documented 2 Interviews • Organized all documents onto a website • Used project management tools and methodologies

  16. Project Shortcomings • We had trouble… • Effectively implementing risk tracking process • Reaching Milestones on-time • Tracking Team hours

  17. Lessons Learned • Ensure that objectives are clearly understood • Take time to plan and follow that plan • Communicate effectively

  18. Questions

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