Project Risk Assessment and Decision Support Tools

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Feasibility Validation pg2

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- (If this is and engineering project) Has PM solicited/obtained information from qualified firms?

90- Is firm trying to integrate several new/immature/unproven technologies into the project at the same time? (Yes = bad)

91- Are the goals and targets science-based? (No – bad)

92- Are leaders avoiding questions about what benefit the project will have/bring? (Yes = bad)

93- Has a knowledgeable third-party carefully reviewed the feasibility of this project/program? (No = blue)

94- Does the scale of this project demand a radical approach?

95- Are/were questions raised about the project’s technology? (Yes = good)

96- Has the technology previously shown promise but was never commercialized?

97- Will the proposed product/service be commercialized in the near future (18 months)? (No – blue)

98- Is this technology/product an incremental improvement to an existing product/service? (Yes = green)

99- Is this technology being touted as a breakthrough of some sort? (Yes = blue)

100- Can this new technology be manufactured in almost the same way and scaled up inside existing facilities now? (No = red)

101- Does SM/PM know how the different components interact with each other? (Yes = green)

102- Are the project’s sponsors promising to achieve aggressive revenue projections? (Yes = blue. Caveat: aggressive revenue forecasts strongly correlate with near-term poor performance.)

103- Does the scale and speed of the project requite a lot of testing, learning, a large contracting presence, intervention, and a new playbook? (Yes = blue)