Project Risk Analysis and Quality

Assurance
MSPM1-GC2020.100
The Session Number 1
 Introduction and Overview
MSPM1-GC2020.100

Project Risk Analysis

Agenda
and
Welcome
• Course logistics Quality Assurance
Introductions
Concept of Risk
• Exercise
Quality concepts
• Exercise
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Course Procedures and Logistics

 Syllabus
 Textbooks
 Lectures and attendance
 Assignments
 NYU Classes
 Grading
 Communications

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MSPM1-GC1000.100

Photo

Text books
Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project
2nd Edition
Tom Kindrick
AMACOM Books
ISBN:978-0-8144-3608-0

Practice Standard for Project Risk Management

Project Management Institute, Inc.
ISBN:978-1-933890-38-8

Project Quality Management: Why, What and How

2nd Edition
Kenneth Rose
J. Ross Publishing
ISBN 13: 978-1-60427-102-7

RECOMMENDED TEXTS:

Project Management Answer Book

Jeff Furman
Management Concepts
ISBN 978-1-56726-297-1
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Introductions
 Name
 Where you work
 Project management
experience

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Risk
What is risk?

Risk is inevitable

What is project risk?

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Project Fundamentals
Time
Cost
Scope

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Six Component Representation

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Benefits of Project Risk Management

• Reduced chaos
• Rapid, pre-planed response
• lifeboat drill
• CYA
• Senior management awareness
• Focus on the most important risks

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So…How do we best handle project risk?

With a structured approach

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Project Management Risk Process

 Plan risk management
 Identify risks
 Preform qualitative risk analysis
 Preform quantitative risk analysis
 Plan risk responses
 Monitor and control

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EXERCISE
Taking over a failing project
What issues might you encounter that are contributing?
 Schedule delays
 Excessive resource consumption
 Insufficient staff or resources
 Scope not achievable
 Low priority
 Conflict with other projects
 Weak sponsorship

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Quality
What is quality?
• Appearance
• Form and function
• Durability/ reliability
• Service
• Brand

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Quality
Dynamic – constantly changing
Quality is….
A problem to be solved

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Who is the judge of quality?

The customer
And who is the customer?

In the end….Your project will be judged on its quality

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Project Quality Management

Focus on product and process
 Quality planning
 Quality assurance
 Quality control

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EXERCISE
You have a critical sales presentation coming up that you are
preparing an outstanding presentation placed in a three hole
binder and printed with a laser printer. You need to order paper to
print the presentation on from Staples. What is critical to the
purchase of this paper? Name four:

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EXERCISE
• Weight
• Whiteness
• Printability
• Hole placement
• Price

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• Logistics – you now know what is expected

Recap
• Introductions – you have know each
other
Introduction and Overview
• Risk - benefits, risk process
• Quality - what it is, customer, process

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