A true risk is one that describes first and foremost an event that is: Risk is a Future Event One that has not yet happened. If it has already occurred and has negatively affected the project, we are dealing with a problem that must be solved, not a risk. Risk is a Future Event A problem requires corrective action, often…
Once the generic resources needed to complete the project have been identified, the specific resources needed for each task must be allocated and their availability must be ascertained. In addition, it is necessary to estimate the scope and duration of the work required to complete each task. Resource allocation must be weighed seriously. There are many considerations that have to…
Human resources in the project should be described in a formal structure that defines, first and foremost, formal communication channels within the project. In order to do that, a ‘Resource Breakdown Structure’ (‘RBS’) must be created, in which the human resources needed for the project are defined along with their subordination relations to the project manager. This is, in fact,…
After identifying the connections and constraints in the project, we must identify and define the resources needed for its execution. There are different kinds of resources, which can be divided into four main groups: people, materials, equipment or places, and money. To begin with, the project’s resources can be defined generically: “electrical engineer” or “seminar room”. Later on, these descriptions…
After determining the connections between the project’s tasks, we must also determine the constraints affecting the project’s tasks. The process of identifying constraints to the project’s main stages and tasks was done partially in the preliminary planning stage. We must now go through the same process for the tasks detailed in the project’s work plan. Differentiation must be made between…
After the project has been broken down into appropriate level tasks in the work plan, any dependencies between various tasks must be determined and defined. As part of this process it is important to examine whether any task is dependent on any other task, and if so, how. People often go astray here and create unnecessary and strange connections between…
