Real world risk management

Presented By:-

Manoj Kumar Gupta SPTM

“Risk management is what helps you identify the potential crisis that will cause your schedule to fall apart,”

“Without effective risk management, the difference between what you think you’ll achieve and what you end up with are often significantly different.”

“Using risk management best practices prevents future project problems and helps companies focus on what is really important, which results in better use of resources and efficiency,”

Many organizations are increasingly turning to project managers who have carved out solid track record in risk management and who hold a PMI Risk Management Professional ®(PMI-RMP) certification.

“Having project managers with risk management skills and the ® PMI-RMP certification brings strategic benefits to the organizations because they create a new environment of project management aligned with our fast-changing world.”

No plan for holidays or vacation time in the project resource calendar. No one is ever sick. No one leaves for another job or project.

Needed resources are available when and where needed. No time or effort allowed for recruiting, hiring, or training.

Each resource can work 8 hours per day (or more) on the project tasks, and that NO time is required for non-project activities.

No training for the project staff is needed, or even allowed.

Overtime will be used to mitigate any schedule issues (only true to a point).

Other projects will not interfere (prioritization).

Specific resource loading is ignored (so some people need to work 24 hours a day).

Capital and significant expense money is available at the planned instant of need, and any approval process will not delay the project tasks.

Technical• There are no technical unknowns (even though there usually are).

• The best and brightest resource does each task, and has done the task many times before.

• The team has worked together before and done this type of technical project before.

• There will be no defects (or bugs) to fix, that no time is needed for the fix and re-test.

• No detailed plan or allowance for verification or validation tasks, effort or documentation of the plans.

• No time for integration at key milestones, testing or bug fixes at those points.

• Unclear about  how to agree on architecture, compiler, microprocessor, other development and testing tools; and the time and timing to make those decisions.

• Performance, reliability and quality targets, processes and capabilities are well-understood.

Panama CanalThe building of the Panama Canal took 34 years from the initial effort in 1880 to actually opening the canal in 1914. The building of the canal is considered one of the greatest engineering feats in history.

To sail from Atlantic to Pacific, ships navigated around Cape Horn, the treacherous southern extremity of South America. A New York to San Francisco journey measured some 13,000 miles and took months.

Panama Canal

Describe two reasons why the President American builders faced difficult problems that threatened to derail the project such as tropical diseases like Malaria and Yellow Fever.

Gather evidence to support how tropical diseases were a problem during the construction of the Panama Canal?

Dr. William Gorgas, was hired to eradicate yellow fever , like he had in Havana years before. He was able to accomplish his goal by killing the mosquitoes that carried the diseases. Workers:1.Drained swamps, swept drainage ditches, paved roads and installed plumbing. 2.Sprayed pesticides by the ton.3.Entire towns rose from the jungle, complete with housing, schools, churches, commissaries, and social halls.

At the Gatun Locks on the Atlantic side, workers poured enough concrete to build a wall 8' wide, 12' high, and 133 miles long. They built culverts the size of railroad tunnels to channel water from Gatun Lake into the locks.

By August 15, 1914 the Panama Canal was officially opened by the passing of the SS Ancon.

Panama CanalMap of the Panama Canal

Figure 3: A map showing the route of the completed canal. A series of "locks" are used to control the water level within the canal.