Project Risks
Communications
Communications is a critical risk in the project. If communication breaks down the project can halt, features will not be implemented, and team members can lose touch with each other and their deliverables.
· There is a high risk of communication breakdown
Avoidance
· Proper communication with the project manager at the team meetings
· Regular visitation of the blog with comments
· Regular status reporting
· Regular attendance of team meetings
Acceptance – There is a risk that the key constituencies will not accept the new system.
- There is a moderate risk of this happening.
Avoidance:
- The business users need to be educated and involved in the UAT to ensure that there is full acceptance on the inside of the organization.
- Regular surveys and feedback loops must be established to maintain contact with the business community and affect any changes that may crop up during development.
- Acknowledge business process changes and incorporate them into the scope.
Budget
There is a risk that there will be a cost over run or that the business will decide not to support the project after a certain milestone due to cost.
· This is a moderate risk
Avoidance:
· Stay within the initial scope as much as possible
· Use several different cost estimation tools
· Keep clear lines of communications open with business and their support for the project
Documentation
Documentation pertains to keeping clear and concise records of the project and its progress.
· There is a moderate to high risk that proper documentation will not be kept
Avoidance:
· Use standardized modes of communication such as blogs, wiki’s, and COTS software tools such as Sharepoint and Groove to keep track of documentation and versioning.
· Demand regular feedback from business and project teams and document it.
· Maintain records of all communications, including emails, IM conversations, and discussion posts that pertain to the project.
Time
Time is a risk because a project that takes too long can become irrelevant by the time it is completed.
· This is a moderate risk
Avoidance:
· Follow the scope closely
· Ensure any business changed are incorporated into the scope so that the relevance of the project remains current
· Adopt a development methodology that allows for the delivery of small usable part of the project so that at anytime the project can be halted and still have some use to business