Class: PM586 Online Week 5 Risk Matrix Analysis Identification | Assessment | Response Plan | Risk | Consequence | Probability | Impact | Trigger | Resp. | Response | Cost / time overrun | Budget Overrun | Low | High | .Rising commodity prices . Increase in labor cost | PM | Close monitoring of budget and time | Permit Delay | Might cause delay and missed schedule | High | High | Delayed securing of permit. | | All requirements must be submitted on time and on schedule. Since permits
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Huntsville Plant Project [PM586 Project Management Systems – Project –I] 06/02/2010 Keller Graduate School of Management Table of Contents Contents Table of Contents 2 Essay 1 Project Communication Plan 3 Essay 2 Risk Management Plan 5 Appendix 8 Project charter 8 Mission 8 Scope 8 Objectives 9 Assumptions 9 Constraints 9 Time/Decision Points 10 Cost/Financial Assumptions 10 User Acceptance Criteria/Quality 11 Project Scope Statement
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Karen Brown PROJ586 Huntsville Project November Term Week Three Question #1 Estimated Completion Time of Project According to the requirements that we have set for this project we will not be able to complete it by the expected date of November 2013. With the amount of resources that we need to complete the project our new projected end date is January 30‚ 2014. There are a few options that we can take to reduce the amount of time needed to complete this project by the proposed date
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Huntsville Project Construction of a New Plant Jamie Alvarez kajafla@hotmail.com Project Management Systems November‚ 2011 Senior Faculty: Donald George Project Name | NEW PLANT IN HUNTSVILLE SEITZ CORPORATION | Project Number | 1 | Project Manager | JAMIE ALVAREZ | Prioritization | 1 | Owner(s) | WALTER SEITZ | Start Date: | APRIL 17 2011 | Scheduled Completion Date: | JUNE 30 2012 | Mission | | In January 2010‚ the board of directors of SEITZ
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Project Name | Huntsville Plant Project | Project Number | 005 | Project Manager | David Myers | Prioritization | High | Owner(s) | Walter Seitz | Start Date: | April 17‚ 2011 | Scheduled Completion Date: | June 30‚ 2012 | Mission | The construction of a new Seitz plant in Huntsville‚ AL that will be operational by June 30‚ 2012. | | Scope | 1) Select resources such as architect‚ real estate consultant and general contractor. 2) Recruit and train managers for the new plant
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Risk management is a complex process but the principles are quite simple. We all make risk assessments in our everyday lives‚ from crossing the road to deciding whether or not to eat a burger. The process which you consciously or unconsciously undertake is: IDENTIFY THE HAZARD DEFINE THE RISK ARISING FROM THE IDENTIFIED HAZARDS ELIMINATE THE HAZARD OR MITIGATE WHERE THIS IS NOT POSSIBLE (identify control measures) Eliminate Reduce/Control/Substitute Provide Information
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| | | | . | | | | | |Leadership risk |Software integration| | |HIGH | | | | | |
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Week 5 Project RISK MATRIX A risk matrix is a simple way of ranking‚ different potential projects in terms of their potential benefit and the likely risks or costs in implementing them. Some projects may be very attractive in terms of potential benefits that they offer but have serious implementation difficulties. Others may be low value in impact terms but be easy to implement tomorrow. Ideally firms will want to choose a balanced portfolio of short and long-term‚ low-risk and high-risk projects
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HUNTSVILLE PROJECT TEAM MEETING As the Huntsville project manager to effectively coordinate and host a progress meeting with team members. There are three things that must be accomplished: meeting objectives; use the minimum amount of time; and participants should leave with a sense of direction and effectiveness in the meeting process. With these criteria in mind‚ the process of structuring‚ planning‚ preparation‚ and execution of the Project Progress Team Meeting will be a definite success
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T-4 Failure to identify and document cost estimating standards and provide written policies and procedures to persons responsible for preparing‚ supporting and reviewing cost estimates. T-10 Excessive reliance on individual personal judgement where historical experience or cost estimating standards are available. THREATS NEIGHBORHOOD SERVICES DEPARTMENT: T-6 Inadequate staff training in the preparation‚ review and approval of cost estimates. T-5 Inadequate staff training in the preparation
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