When I started managing projects, I did what I had seen my project managers do. I sat with the team and identified project risks with sticky notes on the wall. We grouped like risks together; we estimated the probability and impacts — sometimes with high, medium or low; other times with real numbers. We took the most critical risks and developed strategies to deal with these risks. I entered this into our risk log, an Excel spreadsheet template provided by the company.
Armed with this very non-quantitative spreadsheet, my MS Project plan (which had nothing to do with risk) and another spreadsheet that contained the project budget where we just threw in a percentage …
Neil S: "I totally agree with you Vincent. The process is as only as good as the people …" on The Gates of Development
February 10, 2012
Andreea T: "Hi Tom, this article is very well written in my opinion and illustrates the prin…" on Agile 101: Larger Teams
February 10, 2012
Cristina M: "Excellent article!" on Agile 101: Larger Teams
February 10, 2012
Shyam S: "Dear Ty, Absolutely great thought. The organisation which I worked with in my…" on Are You a Shusa?
February 10, 2012