上游充通大粤 SHANGHAI JLAO TONG UNIVERSITY Planning the Project (Cont.) Keep in mind: Projects have overrun their budgets,miss completion dates, or only partially satisfy their technical specifications because there was no viable baseline plan in place before they were started. The people involved in performing the project should participate in planning the work.They are usually most knowledgeable. Participating in the planning helps individuals become committed to accomplishing it
Planning the Project (Cont.) Keep in mind: Projects have overrun their budgets, miss completion dates, or only partially satisfy their technical specifications because there was no viable baseline plan in place before they were started. The people involved in performing the project should participate in planning the work. They are usually most knowledgeable. Participating in the planning helps individuals become committed to accomplishing it
上游充通大粤 SHANGHAI JIAO TONG UNIVERSITY Managing Risk Risk is the possibility that an unwanted circumstance will occur that can result in some loss. Risk Management involves identifying,assessing,and responding to project risks in order to minimize the likelihood and impact of the consequences of adverse events on the achievement of the project objective. With knowledge of potential risks,a contractor can: Include contingency or management reserve amounts in the bid price. Or decide to not bid on a proposed project. A project manager cannot be risk averse
Managing Risk Risk is the possibility that an unwanted circumstance will occur that can result in some loss. Risk Management involves identifying, assessing, and responding to project risks in order to minimize the likelihood and impact of the consequences of adverse events on the achievement of the project objective. With knowledge of potential risks, a contractor can: • Include contingency or management reserve amounts in the bid price. • Or decide to not bid on a proposed project. A project manager cannot be risk averse
上游充通大粤 SHANGHAI JLAO TONG UNIVERSITY Managing Risk (Cont.) ④Risk Identification includes determining which risks may adversely affect the project objective and what the consequences of each risk might be if they occur. ●Approach: Brainstorm Historical information
Managing Risk (Cont.) Risk Identification • includes determining which risks may adversely affect the project objective and what the consequences of each risk might be if they occur. • Approach: Brainstorm Historical information