Analysis of Risk Breakdown Structures
'Risk Breakdown Structures' (RBS) utilize a top-down approach for identifying and categorizing project risks, and this is generally viewed as a sound technique.
Can you think of situations where the RBS approach would be non-ideal or inefficient?
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Solution Summary
This solution presents the situations in which Risk Breakdown Structures are deemed to be non-ideal or inefficient. In general, Risk Breakdown Structures are treated to be an quite efficient approach in identifying and categorizing project risks.
Project Management
Part # 4
(1) For your selected project, complete the following:
1. Develop the work breakdown structure for one aspect of the project.
2. Identify the resource requirements.
3. Select the rates associated with the resources.
4. Using analogous estimating, parametric modeling, or bottom-up estimating provide a cost estimate for the work identified
(2) Characterize the relationship between budgeting and risk analysis. Determine the different types of resources that require planning
Part #5
1. Per Deming, "Quality is everyone's responsibility," what is strategic quality management and how does it impact the project environment?
2. Define the six quality management concepts that support projects and explain their impact on project management.
3. Write a brief essay in which you describe the use of the following seven quality tools:
1. Flowcharts
2. Check sheets
3. Histograms
4. Cause-and-effect analysis
5. Pareto analysis
6. Scatter diagrams
7. Control charts
(4) 1. How should the cost of quality be factored in to the project budget process?
2. Describe impact of quality initiatives on the project schedule?
Part # 6
(1) Write a brief essay describing how checklists, flowcharts, and interviews are used to identify risks.
(2) 2. Define the inputs to risk identification. What tools and techniques will need to be implemented on the project to ensure that adequate input is received?
3. Identify the potential risks, which can affect your selected project. Will you use avoidance, transference, mitigation, or acceptance to deal with these?
(3) Prepare an outline for a risk management plan for your project.
(4) 1. What types of risk have the most potential impact on your organization?
2. Is risk management an accepted part of project management efforts in your organization? If it is not, what should you do to highlight its importance?
Part # 7
(1) 1. Describe how purchasing relates to the work breakdown structure (WBS).
2. Why should the project team consider market conditions?
(2) Develop a statement of work (SOW) for your project. Use sufficient detail to allow prospective sellers to determine if they can provide the item or service you require.
(3) Describe how make-or-buy analysis can be most effectively used?
(4) What legal issues need to be considered when releasing items for bid?
(5) Create a force field analysis for your project
(6) List the predictors for project success that apply to your environment.
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