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Saturday, January 2, 2010

Project Management - Identify the Risks


A simple way to keep project from veering off schedule is to identify and plan for risks up front. I've joined countless projects that were running late because "something came up" that took the participants by surprise. It makes so much sense to plan for high risk tasks up front, but it isn't often done.


If your project relies on a new technology, set a strategy for dealing with technology risk. Is there an existing technology that can be substituted if the new technology does not meet expectations on schedule? Is there a way to test the new technology early in the project? Are there multiple tracks that can be used for implementing new and existing technologies?


Company or inter-company issues can be planned for as well. Are there end of quarter issues that could impact the project; and can you plan for them? Do you require something from another company in order to complete the project? Are there tasks that can be run in parallel while you wait for delivery?


Up front planning for risk can save a lot of headaches later in the project. It also make it much easier for a project manager running multiple projects. A little planning up front can go a long way.

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