Take any project, whether at home or in conjunction with an audit and consulting company, has risks. Project risk is defined as an area of interest that could prevent a project from all its advantages defined. Project requires a careful risk management and involves identification, assessment and mitigation.
It is important that from the beginning a project to go through the process of identifying risks. Not all project risks are obvious. In identifying risks, for areas in the project, which look like based on:
First Insufficient or unreliable data
Second inadequate training,
Third inadequate resources or
4th Lack of control.
Some key points are:
Identification Requirements “
“The participation of project funding
“The level of experience in project management
“The participation of third countries
“The political / cultural
“Control procedures and change management
“The complexity of the technology
Risk identification is the first step. To quantify and assess risks to pursue their impact on the project. Note to quantify the significant professional opinion in the assessment process to determine the extent of potential adverse effects and develop measures to control risks is not required. The evaluation process should determine the probability (1) the occurrence of risks, (2) sets of results (3) the estimated time of danger, and (4) the frequency with which they occur. It should also be early signs of risk of occurrence is expected that the danger is imminent. Prioritize risks to determine the success factors of a project (FSP). Specific action plans that address each of the PSF. For example, assume that policy changes are needed at high risk. Action plans for:
“In the most thorough and frequent communication focus
“The implementation of a management committee structure
“Getting a solid project-management team
“Stress the benefits of the project
“Identify the training needs of first
Once risks are identified and tested disaster plans should be developed. Plans to document what may be the answer, if a risk event. Remember, a mitigation plan would be nothing to do with the risk. The need is to accept a risk and be prepared to deal with the consequences if and when it occurs. This type of plan is usually applied to the low priority / low risk of impact. A plan should describe the mitigation plan B for the project area affected by the risk. Know what is Plan B before running significantly reduces the probability of an increase risk of adverse effects of the event or make other risks not known.
Tags: Education Management