Answer to Question #182575 in Management for Phuu

Question

QUESTION 4 As the appointed project manager you have summoned your team to a project meeting to discuss the associated risks. Advise your team on the project risk management process they should employ in order to manage the risks associated with the project. QUESTION 5 Project Scope Management includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully. The minister has reiterated that there is zero tolerance on scope creep for this project. Her mandate is to support you in all areas in order to deliver the project within scope. Discuss the scope management process that you will adopt so that you can assure the minister that the project scope will be well managed

Answer 1

QUESTION 4

1. Identify the risk. Here, drill down to the root cause to see if the risk is one that will have the kind of impact on the project that needs identifying.
2. Analyze the risk. Conduct a qualitative and quantitative risk analysis, and determine how the risk is going to impact the schedule and budget.
3. Prioritize the risk. The risk should be prioritized depending on the impact it is likely to have on the project/organization.
4. Assign an owner to the risk. Ensure someone is tasked with overseeing the risk.
5. Respond to the risk. If the risk is a negative one, create a plan to mitigate it; if it is a positive risk, exploit it.
6. Monitor the risk. Track the progress towards resolution.

QUESTION 5

Here are the three “must-have” skills for every successful project scope management

• Communication and interpersonal skills.
• Ability to negotiate and resolve conflicts.
• Building commitment within the team.
• Concluding thoughts on team leader skills.

As a manager it is good to document stakeholders’ needs with the stated intent of meeting the project’s objectives. In this process, managers use several techniques and tools for collecting project requirements from stakeholders. The process attempts to leave no stone unturned, resulting in an in-depth list of project requirements. If this process is performed thoroughly and correctly, it can significantly reduce the possibility of unpleasant surprises as the project moves toward completion