• Latest
  • Trending
  • All

5 Methods of Identifying Project Risk

November 24, 2019
These inventory trackers will notify you when hard-to-find items are back in stock

These inventory trackers will notify you when hard-to-find items are back in stock

April 15, 2020
Antonov An-225 Mriya: world’s largest cargo plane, history, details

Antonov An-225 Mriya: world’s largest cargo plane, history, details

April 15, 2020
Copperstate Farms Launches International Cannabis Brand DNA Genetics in Arizona Market

Copperstate Farms Launches International Cannabis Brand DNA Genetics in Arizona Market

April 14, 2020
Mzee Moi’s Ksh10B Gift to Gideon

Mzee Moi’s Ksh10B Gift to Gideon

April 14, 2020
Covid Knights: Corporate social purpose in the time of COVID-19

Covid Knights: Corporate social purpose in the time of COVID-19

April 14, 2020
How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

April 14, 2020
Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

April 14, 2020
LATAM Cargo strengthens European cargo links

LATAM Cargo strengthens European cargo links

April 14, 2020
Ford making reusable hospital gowns from airbag materials as efforts against coronavirus expand

Ford making reusable hospital gowns from airbag materials as efforts against coronavirus expand

April 14, 2020
Don’t Sweat NBC’s Decision to Cut Back on Television Ad Inventory

Don’t Sweat NBC’s Decision to Cut Back on Television Ad Inventory

April 14, 2020
Software firms sharpen focus on AI, big data as IT spending drops

Software firms sharpen focus on AI, big data as IT spending drops

April 14, 2020
Navigating turbulent times in your supply chain (TL:DR version)

Navigating turbulent times in your supply chain (TL:DR version)

April 14, 2020
  • Supply Chain
  • Logistics
  • Warehousing
  • Procurement
  • Shipping
  • More
    • Strategic Sourcing
    • Spend Analysis
    • Inventory
    • Contact Us
No Result
View All Result
United States International Supply Chain Commission
United States International Supply Chain Commission
Home Spend Analysis

5 Methods of Identifying Project Risk

by usiscc
November 24, 2019
in Spend Analysis
0
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Five methods for identifying risks that information technology professionals and project managers may consider using are Documentation Reviews, Information Gathering Techniques, Checklist Analysis, Assumptions Analysis, and Diagramming Techniques. Although the scope of this article is not to detail the methodology of each technique, the usability of each in an agile environment will be addressed.

Documentation Reviews consist of a detailed analysis of a project document to determine if there are any apparent risks relating to requirements or assumptions. An example of utilizing this method would be when conducting a review of a system integrator's implementation plan and you identify inconsistencies between proposed actions and best practices or you identify a conflict with the proposed implementation schedule and your organization's internal operations schedule. Performing a Documentation Review would allow you to quickly identify and address risks by developing mitigation plans without actually performing a more in-depth quantitative or qualitative analysis.

Information gathering techniques include Brainstorming, the Delphi Technique, Interviewing, Root Cause Analysis, and Strengths, Weaknesses, Opportunities, and Threats (SWOT) Analysis. Brainstorming and Interviewing would be the most beneficial overall because it allows obtaining the largest number of ideas or reference points for identifying project risks by being able to include numerous individuals both internal and external to projects. Involving a large number of individuals in this process, such as business process owners and end users would more effective than taking an insular project team member only approach. The Delphi Technique has its applications, but its round-robin methodology is not an efficient from a time management perspective and busy professionals or executives would not want to spend time reading project risk thoughts of others, that process is best left to the project team to collate and analyze the collected data. Root Cause and SWOT Analysis techniques are both very extremely useful tools and particularly effective after already having conducted Brainstorming sessions and Interviewing.

Checklist Analysis are excellent when working for an integrator that perform many identical or similar projects for multiple clients where there is a risk knowledge base to work from, but becomes a burden to develop one for each individual dissimilar project in an operational business environment, unless the scope of the project warrants the work effort for its development.

Assumptions Analysis in my opinion is closely related to Documentation Reviews whereby you review the documentation along with the assumptions that are contained within to determine its accuracy, consistency, and completeness.

Diagramming Techniques, such as Cause-and-Effect Diagrams and Flow Charts, are useful to visualize and document risk root causes and other project processes. Executive and senior management have historically preferred to review charts and graphs to get an overall bird's eye view of an issue or project phase rather than read through detailed status report pages.

Share197Tweet123Share49
usiscc

usiscc

  • Trending
  • Comments
  • Latest
Antonov An-225 Mriya: world’s largest cargo plane, history, details

Antonov An-225 Mriya: world’s largest cargo plane, history, details

April 15, 2020
These inventory trackers will notify you when hard-to-find items are back in stock

These inventory trackers will notify you when hard-to-find items are back in stock

April 15, 2020
‘Significant opportunity’ in Asia as supply chain integrates, consolidates

‘Significant opportunity’ in Asia as supply chain integrates, consolidates

January 3, 2020
These inventory trackers will notify you when hard-to-find items are back in stock

These inventory trackers will notify you when hard-to-find items are back in stock

0
Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 – ZMR News Reports

Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 – ZMR News Reports

0
PHOTOS: Ottawa firefighters respond to warehouse fire

PHOTOS: Ottawa firefighters respond to warehouse fire

0
These inventory trackers will notify you when hard-to-find items are back in stock

These inventory trackers will notify you when hard-to-find items are back in stock

April 15, 2020
Antonov An-225 Mriya: world’s largest cargo plane, history, details

Antonov An-225 Mriya: world’s largest cargo plane, history, details

April 15, 2020
Copperstate Farms Launches International Cannabis Brand DNA Genetics in Arizona Market

Copperstate Farms Launches International Cannabis Brand DNA Genetics in Arizona Market

April 14, 2020
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • DMCA
  • Contact Us

Copyright © 2021 United States International Supply Chain Commission (usiscc.org)

No Result
View All Result
  • Supply Chain
  • Logistics
  • Warehousing
  • Procurement
  • Shipping
  • More
    • Strategic Sourcing
    • Spend Analysis
    • Inventory
    • Contact Us

Copyright © 2021 United States International Supply Chain Commission (usiscc.org)

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT