Project Risk Assessment and Decision Support Tools

Search Timer

database

Search content.

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 …

Monitoring & Control Read More »

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- …

Feasibility Validation pg2 Read More »

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 …

Feasibility Validation Read More »

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 …

Vision – Environmental Factors Read More »

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? …

Leadership 2 of 2 Read More »

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) …

Leadership 1 of 2 Read More »

● Implies: A lower workload/less complexity/less re-work/used fewer hours than anticipated/ improved training/ new machinery or technology/ automation/ higher quality of materials/ more experienced workers ● More Efficient Workers: Ahead of schedule/ better training; better work scheduling/ sequencing ● Evaluates: Are paying the correct labor rate? Are “shortcuts” being employed (corners (safety) being cut?) Is …

Reasons for Low Direct Labor Hours per Unit Read More »

Implies: A higher workload/more complexity/re-work/strike/used improvised work arounds/used more hours than anticipated/emergency work  – done continuously/ stipulations delayed job/obstacles on-site/more specialized labor/ new labor contract/ non-standard work being performed/ additional new process steps/ unplanned/ emergency work or condition/ permit stipulations delayed job/ poor supervision/ poor employee performance/ additional testing/ monitoring/ too many people being employed …

Reasons for High Direct Labor Hours per Unit Read More »

Implies: Many smaller/simpler repairs were done/ more units were produced/ used less equipment than planned/ used more efficient equipment/ methods/ systems More Efficient/Less Re-Work: Perhaps work was performed by contractors (Company does not claim contractors’ hours)/ use of robots/ automation/ workers were employed by other organization (than the project); better work scheduling/ sequencing/ smaller work …

Reasons for Low Cost per Unit Read More »