Chapter 6: Project Planing -> Resource, Risk & Quality Management Flashcards

1
Q

Project Resource Management

A

*Many corporate executive have said “people are our most important asset, people determine the success and failture of organizations and projects”
*Project resource management is concerned with making effective use of the people involved with a project as well as physical resources (materials, facilities, equipment, and infrastructure)

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2
Q

Team Management Plan

A

*Key components include:
-Project organizational chart
-Responsibility assignment matrix
-Resource histogram
-Staffing management plan

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3
Q

Project organizational charts

A

*Similar to a company’s organizational chart, a project organizational chart is a graphical representation of how authority and responsibility is distributed within the project
*The size and complexity of the project determines how simple or complex the
organizational chart is

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4
Q

Responsibility Assignment matrix (RAM)

A

*A responsibility assignment matrix (RAM) is a matrix that maps the work of the project as described in the work breakdown structure (WBS) to the people responsible for performing the work
*For smaller projects, it is best to assign WBS activities to individuals; for larger projects, it is more effective to assign the work to organizational units or teams
*RACI charts are a type of RAM that show Responsible (who does the task), Accountable (who signs off on the task or has authority for it), Consulted (who has information necessary to complete the task), and Informed (who needs to be notified of task status/results) roles for project stakeholders

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5
Q

Staffing Management Plans

A

*A staffing management plan describes when and how people will be added to and removed from a project
*It describes the types of people needed to work on the project, the numbers needed for each type of person each month, and how these resources will be acquired, trained, rewarded, and reassigned after the project

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6
Q

Team Charter

A

*Many companies believe in using team charters to help promote teamwork and
clarify team communications.
*After core project team members have been selected, they meet to prepare a team charter to guide how the team will function.
It is crucial to emphasize the importance of the project team throughout the project’s life cycle, and the team charter should be updated as needed

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7
Q

Estimating Activity Resources

A

*Estimating activity resources involves estimating the type, quantity and characteristics of team resources and physical resources (i.e., materials, equipment, and supplies) required to complete the project.
*This process is closely related to estimating activity durations and costs.
*It is important that the people who help determine what resources are necessary
include people who have experience and expertise in similar projects and with the
organization performing the project.
*Resource estimates should be updated as needed during the project

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8
Q

Important Questions to Answer in Activity Resource Estimating

A

*How difficult will it be to perform specific activities on this project?
*Is there anything unique in the project’s scope statement that will affect resources?
*Are there specific resources better suited to perform the activities?
*What is the organization’s history in doing similar activities? Have they done similar
activities before? What level of personnel did the work?
*Does the organization have appropriate people, equipment, and materials available
for performing the work? Are there any organizational policies that might affect the
availability of resources?
*Does the organization need to acquire more resources to accomplish the work? Would it make sense to outsource some of the work? Will outsourcing increase or decrease the amount of resources needed and their availability?
* What assumptions have been made or need to be made?

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9
Q

Empathic Listening

A

*Good project managers are empathic listeners they listen with the intent to understand!
*Project professionals need to develop empathic listening and other people skills to
improve relationships with users and other stakeholders
* Exercise: have a look at the separate slide on “Empathic Listening

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10
Q

Developing the team: Tuckman model

A

*The main goal of team development is to help people work together more effectively to improve project performance
*It takes teamwork to successfully complete most project

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11
Q

Developing the team: Tuckman Model

A

*The main goal of team development is to help people work together more effectively to improve project performance
*It takes teamwork to successfully complete most project
*Tuckman model of team development
-Forming involves the introduction of team
members, either at the initiation of the
team or as new members are introduced.
This stage is necessary, but little work is
actually achieved
-Storming occurs when team members have
different opinions for how the team should
operate. People test each other, and there is
often conflict within the tea
-Norming is achieved when team members
have developed a common working
method, and cooperation and collaboration
replace the conflict and mistrust of the
previous phase.
-Performing occurs when the emphasis is on
reaching the team’s goals rather than
working on team process. Relationships are
settled, and team members are likely to
build loyalty toward each other. At this
stage, the team is able to manage tasks
that are more complex and cope with
greater change.
-Adjourning involves the break-up of the
team after it successfully reaches its goals
and completes the work.

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12
Q

Agile considerations to Project Resource Management

A

*One of the biggest differences in resource planning between predictive and agile projects is that instead of having a project manager assign people to tasks, agile teams self-manage, meaning they decide who will work on tasks themselves.
*The team should have all the skills and authority to complete the work in the product backlog. This makes selecting the team very important.
*Creating resource histograms and cross-training employees can help agile organizations ensure they have adequate and skilled workers

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13
Q

Project Risk Management

A

*PMI defines a project risk as an uncertainty that can have a negative or positive effect
on meeting project objectives
*Note that some people only view risks as negative and call positive risks opportunities
-Negative risk events include the
performance failure of a product produced
as part of a project, delays in completing
work as scheduled, increases in estimated
costs, supply shortages, litigation against t
the company, and strikes
-Positive risk events include completing
work sooner than planned or at an
unexpectedly reduced cost, collaborating
with suppliers to produce better products,
and obtaining good publicity from the
project
*The main planning processes are planning risk management, identifying risks, performing qualitative risk analysis, performing quantitative risk analysis, and planning
risk responses
*You can also plan to reduce procurement-related risks by making risk-related contract
decisions
* A risk management plan documents the procedures for managing risk throughout
the life of a project

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14
Q

Risk Management Essentials

A

*Plan risk management
*Identify risk
*Assess risk (qualitative or quantitative)
*Respond to risk
*Monitor & control risk

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15
Q

Plan risk management

A

*Deciding how to approach, plan and
execute the risk management activities
for the project’
*methodology for risk management,
*roles and responsibilities,
*budget and schedule estimates for
risk-related activities,
*risk categories,
*likelihood and impact matrices, and risk
documentation

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16
Q

Identify risk: using interviewing technique

A

*Interviewing is an appropriate technique to find out about the risks that expose people’s activities.
*Simply asking for “please name me your relevant risks” may however not be supportive to getting to the right outcomes as people don’t naturally ‘think in risks’.
*A practical way to moderate a discussion on identifying risks is:
-what are your goals / objectives and thus,
“what should go right?”
-Given what should go right in view of one’s
goals, the question on “what could go
wrong” supports the interviewer to identify
relevant risks
*Alternatively, the interviewer may ask questions like:
-“Going forward, what obstacles do you see
(‘bears on the road’)?”
-or, “thinking about your business, what
keeps you up at night?”

17
Q

Risk events

A

*Risk events refer to specific, uncertain events that may occur to the detriment or
enhancement of the project
-Negative risk events include the
performance failure of a product produced
as part of a project, delays in completing
work as scheduled, increases in estimated
costs, supply shortages, litigation against t
the company, and strikes
-Positive risk events include completing
work sooner than planned or at an
unexpectedly reduced cost, collaborating
with suppliers to produce better products,
and obtaining good publicity from the
project

18
Q

Identify risk (2): structured approach

A

*Project risk questionnaire

19
Q

Asses risk: qualitative or quantitative

A

*Risk exposure = likelihood x impact
*You can map the probability and likelihood of risk events in a matrix (heat map)

20
Q

Respond to risk

A

*Also called risk mitigation
*Four T’s to respond to risk
-Take (or tolerate): accept the risk
-Treat: take cost effective actions to reduce
the risk
-Transfer: let someone else take the risk
- Terminate: agree that risk is too high and
do not proceed with the project or activity

21
Q

Project risk management: further related approaches

A

*Contingency plans are predefined actions that the project team will take if an identified risk event occurs e.g., have an older version available, if the new one is not ready yet
*Fallback plans are developed for risks that have a high impact on meeting project objectives, and are put into effect if attempts to reduce the risk are not effective; sometimes called contingency plans of last resort e.g., you could have a couple of contingency plans what to do after your studies, depending on certain outcomes/uncertainties; if they all don’t work, you may still have a fallback plan
*Contingency reserves or contingency allowances are funds held by the project sponsor (part of the cost baseline) that can be used to mitigate cost or schedule overruns if known risks occur
* Management reserves are funds held for unknown risks that are used for management
control purposes – not part of the cost baseline, but are part of the project budget and
funding requirements

22
Q

Monitor & control risk

A

*Translate the risk assessment including the related response into actions that are clearly assigned to ‘risk owners
*Documented in a Risk Register
-document that contains the results
of various risk management processes
(as a table or spreadsheet)
-tool for documenting potential risk
events and related information
*Follow-up on agreed actions (‘check’)

23
Q

Risk related contract decisions

A

*Work done by outside suppliers or sellers should be well documented in contracts,
which are mutually binding agreements that obligate the seller to provide the specified products or services, and obligate the buyer to pay for them
*Project managers should include clauses in contracts to help manage project risks
by using:
-Incentive or penalty clauses
-Certain types of contracts, such as fixed
price contracts, to reduce their risk of
incurring higher costs than expected
-Competition for supplying goods and
services to help reduce negative risks and
enhance positive risks on projects

24
Q

Risk breakdown structure

A

Same as WBS but with risk

25
Q

Potential negative risk conditions associated with each knowledge area

A

Integration
Scope
Schedule
Cost
Quality
Resources
Communication
Risk
Procurement
Stakeholders

26
Q

Agile considerations to Project Risk Management

A

*Emphasizing value to the customer, prioritizing work, and collaborating as a team
focused on one sprint goal at a time helps to address potential risks.
*Teams should openly discuss impediments as part of their daily Scrum meetings, and the Scrum master or project manager should work hard to remove impediments so the teams can focus on accomplish meaningful work.
* Many agile teams also use risk registers, as described earlier in this chapter

27
Q

Project Quality Management

A

*Project quality management ensures that the project will satisfy the stated or implied needs for which it was undertaken
*Key outputs produced as part of project quality management include a quality management plan, quality metrics, and updates to the project management plan and project documents

28
Q

What is quality?

A

*The International Organization for Standardization (ISO) defines quality as “the degree to which a set of inherent characteristics fulfill requirements” (ISO9000:2000
*Other experts define quality based on conformance to requirements and fitness
for use.
-Conformance to requirements means that
the project’s processes and products
meet written specifications
-Fitness for use means that a product can
be used as it was intended
*The customer ultimately decides that the
quality level is acceptable

29
Q

Quality Planning & the Quality Management Plan

A

*Quality planning includes identifying which quality standards are relevant to the
project and how best to satisfy those standards
-It also involves designing quality into the
products of the project as well as the
processes involved in managing the project
-Like other plans, the size and complexity of
quality management plans varies to
meet project needs

30
Q

Quality Metrics

A

*A metric is a standard of measurement
*Metrics allow organizations to measure their performance in certain areas and to compare them over time or with other organizations
*Examples of common metrics used by organizations include failure rates of products produced, availability of goods and services, and customer satisfaction ratings

31
Q

Sample tools: Cause & effect diagrams

A

*Cause-and-effect diagrams trace
complaints about quality problems
back to the responsible production
operations
-They help you find the root cause
of a problem
-Also known as fishbone or Ishikawa
diagrams
-You can also use the 5 whys technique
where you repeated ask the question
“Why” (five is a good rule of thumb) to
peel away the layers of symptoms that
can lead to the root cause

32
Q

Sample tools: Pareto Charts

A

*A Pareto chart is a bar chart that can help you identify and prioritize problem areas
*Pareto analysis is also called the 80-20 rule, meaning that 80 percent of the
problems are often due to 20 percent of the causes
*In 1906, Italian economist Vilfredo Pareto noted that 80% of Italy’s land was owned
by 20% of the people. He also observed that 80% of the peas in his garden came from 20% of his pea plants.

33
Q

Agile considerations to Project Quality Management

A