Method 123 Blog

Seven Components to a Risk Management Plan

Seven Components to a Risk Management Plan The Risk Management Plan describes how you will define and manage risk on the project. This document does not actually describe the risks and the responses. This document defines the process and techniques you will use to define the risks and the responses. The information in this plan includes: Roles and responsibilities. This section describes the leading and supporting roles in the risk management process. The project manager typically has overall responsibility for risk management, unless the team is large enough that t...

Five Project Management Mistakes

Five Project Management Mistakes Mistake #3: Not Keeping Schedule Up-to-Date Many project managers create an initial schedule but then don't do a good job of updating the schedule during the project. There are trouble signs that the schedule is not being updated. The project manager cannot tell exactly what work is remaining to complete the project. The project manager is unsure whether they will complete the project on-time. The project manager does not know what the critical path of activities is. Team members are not sure what they need to work on nex...

Be Proactive Managing a Project with Unrealistic Budget

If you are a project manager dealing with what you perceive to be an unrealistic budget, the first thing you will want to do is discuss this with your sponsor to see if there are any factors that are driving the project budget. For instance, there may be budgetary restrictions. If you are a vendor, it is possible your sales people committed to a fixed price for the project. In some cases your manager or sponsor might set an arbitrary budget without much justification. It does not necessarily make your challenge any easier, but you may find that by better understanding the r...

Be Proactive Managing a Project with Unrealistic Budget

If you are a project manager dealing with what you perceive to be an unrealistic budget, the first thing you will want to do is discuss this with your sponsor to see if there are any factors that are driving the project budget. For instance, there may be budgetary restrictions. If you are a vendor, it is possible your sales people committed to a fixed price for the project. In some cases your manager or sponsor might set an arbitrary budget without much justification. It does not necessarily make your challenge any easier, but you may find that by better understanding the r...

Root Cause Analysis

A plant manager walks past the assembly line and notices a puddle of water on the floor. Knowing that the water is a safety hazard, he asks the supervisor to have someone get a mop and clean up the puddle. The plant manager is proud of himself for “fixing” a potential safety problem. The supervisor, however, is suspicious. He is not sure why the puddle is there. It wasn’t there yesterday. He wonders what caused the puddle to be there today. Therefore, he looks for a root cause by asking ‘why?’ He discovers that the water puddle is caused by a leak in an overhea...

Root Cause Analysis

A plant manager walks past the assembly line and notices a puddle of water on the floor. Knowing that the water is a safety hazard, he asks the supervisor to have someone get a mop and clean up the puddle. The plant manager is proud of himself for “fixing” a potential safety problem. The supervisor, however, is suspicious. He is not sure why the puddle is there. It wasn’t there yesterday. He wonders what caused the puddle to be there today. Therefore, he looks for a root cause by asking ‘why?’ He discovers that the water puddle is caused by a leak in an overhea...

Determine Whether Full-Time or Contract Resources are Appropriate

Perhaps the place to start is to understand whether there are employees available in the timeframe needed for your project. It usually doesn’t make sense to hire contract people when you have employees that are available and otherwise would have nothing to do (assuming the employees have “close-enough” skills). Let’s assume that you do not have current employees available to staff your new project. Let’s also say you work for an organization that is open to utilizing contractors or hiring employees depending on the needs of the specific project. Let’s look at...

Assumptions and Risks – Two Sides of a Coin

Assumptions and Risks - Two Sides of a Coin Let's take an example of a common statement that is included in many Project Definitions - that the resources needed for this project will be available when needed. What kind of a statement is this? Most people would say it is an assumption. After all, when a project starts, you always assume you will get the resources you need. However, is it really an assumption? Can you imagine starting a project where the people and equipment were not available and there was a realistic possibility that they would not be ready when you nee...

Manage Communication – Large Projects (Part 1 of 2)

Manage Communication - Large Projects (Part 1 of 2) In a large project, all communication takes place in context of an overall Communication Management Plan. Status meetings and status reporting are required, just as for a medium-size project. In addition, there are many other types of proactive communication that need to be considered. This creative and proactive communication is laid out in a Communication Management Plan, which is created as follows. Beginning of Project - Plan Communication Determine the project stakeholders. In some cases these are stakeholde...

Escalate a Performance Problem with a Formal Plan

Escalate a Performance Problem with a Formal Plan One of the hardest jobs of a manager is to take an employee down a path that may ultimately result in termination.  It is hard enough for most managers to provide performance feedback to begin with – even when the employee performance is good.  When the employee performance is not where it needs to be, it is even harder.    The first thing you need to do when you see a performance problem is sit down with the employee, discuss the performance observations, try to determine a cause and put a short-term acti...
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