Project Management Series

1. RISK MANAGEMENT PLAN
TEAM EPSILON
Presenter: Vivian Weeks, Project Manager
#NYUTEAMCULTURE

2. CONTENTS
INTRODUCTION
TOP THREE RISKS
RISK MANAGEMENT APPROACH
RISK IDENTIFICATION
RISK QUALIFICATION AND PRIORITIZATION
RISK MONITORING
RISK MITIGATION AND AVOIDANCE
INTEGRATED CHANGE CONTROL

3. INTRODUCTION
WHY RISKS EXISTS?
SIGNIFICANCE OF THIS PLAN
PRELIMINARY PROJECT ELEMENTS

4. TOP THREE RISKS
CLOUD HOSTING COULD BE UNREALIABLE
PLATFORMS COULD BECOME
IRREVELEVANT
PROJECT WOULD NOT BE STAFFED
PROPERLY

5. RISK MANAGEMENT APPROACH
Severe Threat High Threat Medium Threat Low Threat
Risk 1 X
Risk 2 X
Risk 3 X
Risk 4 X
Risk 5 X

6. RISK IDENTIFICATION
Expert Interview
Risk Assessment Meeting
Historical Review of Similar Projects

7. RISK QUALIFICATION AND PRIORITIZATION
PROBABILITY/CHANCE
IMPACT

8. RISK MONITORING
WEEKLY ASSESSMENT?
BI-WEEKLY ASSESSMENT?

9. DUE DILIGENCE REQUIRED
RISK MITIGATION & AVOIDANCE
RISK REGISTER

10. Integrated Change Control
Reference Chart
Identify Need for Change: Stakeholders, PM
Control of Scope: PM, PS, CCB
Control of Budget: PM, PS, FM (Finance Mgr.)
Control of Schedule: PM, PS, IM
(Implementation Mgr.)
Change Approver: CCB
Plan Right the First Time to Minimize Change
Requests