Project

Risk Management
Consulting Processes

 Underpromise and overdeliver

 Operation consulting process
 Right team mix
 The 80-20 rule
 Don’t boil the ocean
 Use elevator test
 Pluck the low hanging fruit
 Make a chart every day
 Hit singles
 Don’t accept, “I have no idea”.
 Engage the client.
 Implement rigorously
Variance Analysis

A technique for determining the cause and degree of difference

between the baseline and actual performance.

Project performance measurements are used to assess the

magnitude of variation from the original scope baseline.
Important aspects of project scope control include determining
the cause and degree of variance relative to the scope baseline
and deciding whether corrective or preventive action is
required.
Integration: Documentation

Approved change must be identified and integrated into the plan

of record through changes in the project WBS and baseline
schedule.
Change Control Systems: Benefits

1. Inconsequential changes are discouraged.

2. Costs of changes are maintained in a log.
3. Integrity of the WBS and performance measures is maintained.
4. Allocation/ use of budget/ management reserve funds are
tracked.
5. Responsibility for implementation is clarified.
6. Effect of changes is visible to all parties involved.
7. Implementation of change is monitored.
8. Scope changes will be quickly reflected in baseline and
performance measures.
Project Change Management

Change management refers to the tools and processes you use to

manage change within a project and its project team, and
refers to overseeing your team to successfully incorporate
change into their work to achieve the overall project
objectives.
Final Thoughts

“The ultimate measure of a man

is not where he stands in
moments of comfort, but
where he stands at times of
challenge and controversy”

Martin Luther King, Jr.