Leading Project Teams: The Basics of Project Management and Team Leadership by Anthony T. Cobb

Author:Anthony T. Cobb [Cobb, Anthony T.]
Language: eng
Format: epub
ISBN: 9781483342375
Publisher: SAGE Publications
Published: 2011-04-06T05:00:00+00:00

KEY TERMS

Accepting Risk: when nothing is done about a problem, even though the risk is known.

Avoiding Risk: when the conditions that will lead to a problem are changed or eliminated.

Budgetary Impact: how much the problem will increase the costs of the project or reduce its funding.

Contingency Plan: a plan to do something about a problem if and when it does come up.

Cost-Effective Risk Solutions: when a proposed action to deal with a problem will cost less than the likely cost of the problem itself.

Deliverable Risks: the risks that project deliverables will not meet intended quality or performance requirements.

Expected Value of a Problem: the probability that a problem will occur multiplied by its cost.

External Risks: the problems that might come from the larger project environment—e.g., from clients, end users, suppliers, regulations, the broader commercial market, and the physical environment.

Logistics: getting the right tools, material, and other resources to the project when they are needed.

Organizational Risks: potential problems the host organization may give the project.

Organizational Support: the support of higher management in the host organization as well as others who have authority and influence over the project.

Project Risks: potential problems from within the project itself—its planning and execution.

Qualitative Assessments: broad judgments about whether a particular problem will emerge in the project and, if so, what kind of impact it is likely to have.

Quality Impact: how much the problem will hurt the quality or performance of project deliverables.

Quantitative Assessments: the mathematical probabilities that problems might occur and specific quantitative assessments of their impact.

Reducing Risk: when the probability of a problem occurring and/or the level of its harm is decreased in some way.

Residual Risk: the risk that remains after risk responses have been developed.

Risk: some probability that a problem will emerge in a project and will have a negative impact on it.

Risk Assessment: assessing the probability that problems will occur and assessing the potential harm they may produce.

Risk Management Plan: a basic approach to how project leaders will identify the risks that exist in their projects and how they will respond to them.

Risk Owners: members of the project team who are responsible for monitoring and responding to risks—usually those risks associated with their parts of the project.

Risk Register: a list that keeps track of potential problems.

Risk Response Plan: a plan that assigns project personnel to monitor identified problems, keep a lookout for new ones, and develop action plans for doing so. Secondary Risks: risks caused by addressing primary risks.

Time Impact: how much the problem will increase the time it will take to get the project done.

Transferring Risk: when the effects of a problem are shifted to some other person or organization.

Triggers: a set of conditions that indicate a specific, known problem is beginning to emerge.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.