Project Risk Assessment and Decision Support Tools

125 – Are there any activities spending/ about to spend more than their budgeted costs/ time estimates? (Yes = bad) 126- Is the PM committed to troubleshooting on a daily basis? (Yes = good) 127- Has SM/PM created a visual dashboard display to monitor the project’s key performance measures/indicators? (Yes = good) 128- Does PM know …

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VALIDATION: 85- Is this project commercially viable? (No = blue) 86- Is current system aging/overloaded? (Yes = blue) 87- Will this feasibility study address/avoid the issues (too early, too small or insufficient data) that doomed previous similar projects? (No = blue) 88- Project has the resources (facilities/manufacturing/staffing/specialists) to complete the project? (Yes = good) 89- …

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75- Do project environmental reviews require special consultation with Indigenous groups? (No = Blue) Hoes/villages Historic significance/burial grounds congestion Toxic runoff/emission 76- Will other parts that will intersect with the project be ready when we get there? (No – blue) 77- Does/Will the PM have the proper hardware and software to do the analysis? (No …

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27- Do estimated costs also include budgets for maintenance upgrades and possibly new staff? (Yes = good) 28- Any concerns about legal liability?

18 – Will this project require people to transition into a new industry/job? (Yes = blue) 19 – Can SM/PM articulate the project’s best case/worst case scenario? (Yes = good) Under Analysis: 28 – Can firm take a ‘forward look’ around the corner and see future opportunities/ implications / potential opportunity to revolutionize/ which might …

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Decision making page 145- Is SM/PM forced to make less than desirable decisions due to a lack of information/resources? (Yes = blue) 146- PM knows Where s/he must fix problems? (Yes = green) What pressing problems need to be fixed before additional decisions are taken? (Yes = green) s/he is focusing on producing good outcomes? …

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Direction 58- Is management pulling in extremely different directions (without internally communicating) while trying to get the job done? (Yes = red) 59- Does PM use a combination of work rules, procedures and analytic tools to direct the team? (Yes = green) 60- Does SM/PM have autonomy to chart the project’s direction? (Yes = green) …

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5 Efficiency Tips for Engineering Project Managers 2022

Every engineer desires to see their projects through successfully with zero or minimal drawbacks. A successful project means quality & durable results acquired through a time and cost-effective plan. In this article, we will discuss 5 tips to increase your project productivity and efficiency as an engineer. These engineering project management hacks will help project …

5 Efficiency Tips for Engineering Project Managers [Updated 2022] Read More »

risk analysis in project management information

Are you prepared to tackle and eliminate possible risks in your project, or are you crossing fingers hoping nothing wrong will happen? If you’re the latter, you’re trending on a dangerous road! Risks are something any project manager and their team should plan on by establishing a reliable risk management system. If you know little …

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Advantages of project management software—Projectivities

Project management software is used in scheduling, planning, and allocating resources in a project. Here are 5 advantages of project management software: 1. Balanced Asset management Experienced project administrators are aware that to execute projects effectively, they require a practical asset management plan to maintain their teams in quality shape without making excess or fewer …

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