2. What are some sources of risk in a systems analysis and design project, and how does a project manager cope with risk during the stages of project management?
Many risks may arise in a systems analysis and design project and these risks can develop from the following sources:
The use of new technology; with any technology that is unfamiliar, problems can occur that the project management and systems analysis team are not able to manage. This may lead to the use of additional resources that were not initially projected; and could introduce scope creep.
Prospective users’ resistance to change; prospective users may be very accustomed with a current system and may ultimately reject the thought of transitioning into using a new or enhanced system.
Availability of critical resources; critical resources, such as specialized personnel or crucial software and hardware, may become unavailable to the PM and systems analysis teams, which can cause major delays in the project’s development.
Competitive reactions or changes in regulatory actions due to the construction of a system.
Team members may not have the necessary experience that is required to implement or operate certain technology and/or business areas.
When it comes to coping with risks, a project manager is able to do so during the stages of project management planning by having a proactive instead of reactive approach to risks. A proper risk management plan needs to be constructed in the early development stages of the project management plan; such as with the development of the project scope, and during the feasibility studies. Through environmental scanning; risk opportunity identification and assessment; forecasting; and resource redeployment practices the PM is able to proactively handle risks as they occur, instead of waiting for risks to arise to be reactive.
4. Suppose that you have been contracted by a jewelry store to manage a project to create a new inventory