BML322 - Wk 5 Slides 031511
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Transcript of BML322 - Wk 5 Slides 031511
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BML 322Workshop 5
Quality, Risk, & Closure….
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What to expect tonight:
• Lecture • Work time• Presentations
• Room 109• Begin at 8pm• Review ground
rules
• Papers and deadlines• Requirements• March 17, 11:59
pm
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Some follow-up …
• Critical path = longest path or only those critical tasks?
• Why the project logic diagram…we have software for that!
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What does “DONE” look
like?Define success……define
quality
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Quality
• Acceptance criteria• Tolerance Levels• Define
requirements• Understand
purpose• Monitor• Reporting
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Quality
BUILD IT IN•Increase cost?
•What is the cost of failure?
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Quality ApproachesWhat school of thought to use?
Cost Prevention = conformance (improve)
appraisal (evaluate)
Cost Failure = Internal (fixing in-house) External (lawsuits,
recalls)
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Project Risk
• Quality and Risk interrelated in any project
• Identify and plan for what is KNOWN
• Determine severity and frequency
• Test before deploy (play in the sandbox)
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What is a RISK?
• A bad thing….• Possibility of loss or
injury• Negative result• Undesired result
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Types of Risk
• Internal & External• Known & Unknown• Project Vs. Organizational
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Risk ImpactOne of many ways to set priority; a
scoring method
High Low Severity/Impact
High
Low
High SeverityHigh Frequency
Low SeverityHigh Frequency
High SeverityLow Frequency
Low SeverityLow Frequency
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Rules of Risk
1. IF you accept then you agree to the consequences AND you the consequences are cheaper than the cure.
2. Comparing actual results to estimates must be consistent to be effective
3. Communicate with the right people to make the right decisions
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Risk Mitigation
• AVOID• SHARE• REDUCE• TRANSFER
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Examples1. A 48 year old single woman with no
relatives purchases a long-term care policy.2. A daycare center requires all employees to
have annual CPR training.3. OSHA conducts workplace safety
inspections and provides recommendations to employers
4. Playing slot machines5. Fire extinguisher 6. Educating the client on the cost of expected
results7. I don’t know how to swim so I never go
fishing
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Manage Risks
• Identify – WBS to RBS• Evaluate – set priorities• Mitigate – back-up plan INNOVATION
COMMUNICATION
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I have some bad news…
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• Done Row• Cinch the Sack• Close the Loop• Pull Chocks• Completed• All Laced Up• Finished CLOSURE
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What does it really mean?
Formal acceptance of the final product, service or result.
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Formal acceptance of the final product, service or result.
1. Obtain signoffs for contracts; financial, legal, administrative closure
2. Release resources3. Document & Communicate Lessons
learned4. Record Retention5. Measure Satisfaction6. Prepare and share final report
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• Presentations • Room 109• Begin at 8pm
Ground Rules:1. Each person
must speak once
2. The listening team must ask one project specific question
3. The presenting team must answer
4. Complete peer review for own team
*Innovative = fun+focus
• Papers and deadlines• Describe one risk and
impact on the project– Internal or External– Known or Unknown
• Describe controls or monitoring were in place – When to implement?– Type of mitigation plan?
• Describe impact • Was the project still
successful? Quality?– Did you spend more
money or take more time?– Were the client still happy?
*Use terminology from text– March 17, 11:59 pm