Post date: Oct 09, 2017 12:48:36 AM
Prepare a great (dazzling) Budget slide that shows: - 10 mins appx - finish by 2:30pm
1. Cost
2. Schedule in weeks
3. Budget (proposed)
4. Confidence level and contingency
5. Funding Schedule
pl. email to singhsukhjit@fhda.edu
Controlling projects -
Leader - Manager
Outcomes for Income
Process -
Mr KIA - Focus (more Focus) and Focus)
minus - "me" or "I" out of it <--very hard.
Command and Control through Dashboard
Create controls for outcomes to manage risks.
Control - a check to see if something will happen or not.
An action taken to mitigate a risk.
What is a risk?
Happen in the future. You do not know when
Think about it .. a lot.
Project Managers from the perspective of Planning and Control should be "paranoid" to looks for risks ahead of time and create good controls to mitigate each risk.
What is a risk?
Cause --> Impact
business context -
how does a risk change an outcome
by schedule, budget, quality, team or scope.
by how much.
Cause1 -- impact on budget
Cause1 -- impact on schedule
Cause1 -- impact on quality
Cause1 -- impact on team
Cause1 -- impact on scope
1 to 1 relation between cause and impact
How to write a risk description?
Traffic on 680 caused 4 minute lateness to class (resulting in missing 1 quiz question).
2 - measurements
a. likelihood - 1 to 5
b. impact - 1 to 5
Grading Scale
For each risk - controls - actions take to mitigate a risk.
Earthquake risk mgmt
kit -
action to take for projects -
forms
checklists
monitor the action implementation -
measure if a risk is mitigated.
Open risk template - document 5 risks during planning phase for franchising project.
10 mins -
in first five columns.
by 4:55pm - (includes 10 min break.
Pillars
order in which control
scope - schedule -->budget
-->quality
TND