Diagramming techniques are useful for showing the

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Unformatted text preview: Diagramming Techniques They are commonly called: ◦ Cause-effect diagrams. ◦ Ishikawa diagrams. ◦ Fishbone diagrams. Diagramming techniques are useful for showing the logical steps in a process or a system (e.g., a project) Dr. Maged Ezzat Georgy Diagramming Diagramming Techniques Project aspects can be examined in detail and the risks (and risk triggers) associated with each aspect can be identified. Dr. Maged Ezzat Georgy Important Lesson Dr. Maged Ezzat Georgy Original Original Question ??? We started risk identification by a simple question; that that is: “What are the potential events that threaten the achievement of project scope, its completion on time, hi within budget, as specified, etc?” Dr. Maged Ezzat Georgy Categorization Answering the original question may lead to a “lengthy” list of risks. list AND… these risks can be quite diverse as well. You may find risks related to technical aspects, financing, market, subcontractors/vendors, etc. It is always a good idea to categorize risks, as you develop develop the list of risks in a given project. Dr. Maged Ezzat Georgy Risk Risk Categories Risk categories provide a way to organize the risks into into logical groupings. Some companies prefer to standardize the risk categories (based on the nature of the industry sector they work in). Dr. Maged Ezzat Georgy Sample Risk Categories Market risks. Fi Financial risks. Technology risks. Organizational/people risks. Resource risks. etc. Dr. Maged Ezzat Georgy How How to Document Risks Risks can be organized in two forms. ◦ Risk lists (categorized by groups). ◦ Risk breakdown structures (RBS). Risk triggers can be associated with their corresponding corresponding risks. Dr. Maged Ezzat Georgy Risk Risk Breakdown Structures Structures (RBS) RBS is a hierarchal shape, that resembles a WBS. RBS RBS details the risks in a given project according to their categories and sub-categories. This structure facilitates “relating” the different risks to components of the WBS, CBS, and OBS. Dr. Maged Ezzat Georgy Risk Risk Break...
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This document was uploaded on 01/22/2014.

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