Project Risk Assessment and Decision Support Tools

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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

  1. Where s/he must fix problems? (Yes = green)
  2. What pressing problems need to be fixed before additional decisions are taken? (Yes = green)
  3. s/he is focusing on producing good outcomes? (Yes = green)

147- Has the injection of money and effort, over time:

  1. Improved the project’s performance? (No = red)
  2. Proven that a long time will still be required to make the project productive? (Yes = red)
  3. Will the project continue to require more resources over a longer timespan for the investments to pay off? (Yes = red)

148- If projects are troubled, runaway or non-working/non-functioning does S continue to spend additional money on new programs without terminating the project with the issues? (Yes = bad)

149- Is SM/PM willing to cut its losses and accept the fact completing the project is impossible? (No = blue)

  1. can SM/PM lookback at any achievements with pride (Yes = green)
  2. Will the situation become worse if SM/PM does nothing (Yes = bad)
  3. Has SM/PM spent a substantial amount of money to keep the project afloat? (Yes = red)

d, Has SM/PM compared the planned amount of resources used for the project with the actual resources used, to-date? (No = bad)

  1. Does SM/PM need more time to analyze whether the project is/was a success? (Yes = blue)

150- Is PM getting the support and resources to deal with issues that arise? (Yes = green)

151- Has SM/PM arrived at this time period by using a thoughtful process? (Yes = green)

152- Are disruptive people impeding the project’s progress? (Yes = blue)

153- Does SM/PM provide resources to help them address safety gaps? (Yes = green)

154- Does SM/PM know the tipping point beyond which the project will become unsustainable? (Yes = good)

155- Can a new management team?

  1. Determine if the goals still make sense?
  2. Avoid implementing short-term band-aid solutions instead of making permanent fixes? (Yes = green)
  3. Stabilize the project? (Yes = blue)
  4. Consider creating slow, medium and fast recovery/rebound scenarios with permutations? (Yes = blue)
  5. Evaluate the details that could trip-up each scenario? ( Yes = blue)

156- Do adverse report findings lead to any changes on the ground? (Yes = green)

157- Is the project working:

  1. As advertised? (Yes = good)
  2. According to plan? (Yes = good)
  3. Exceeding expectations? (Yes = good)

158- Concerning Consultants

  1. Can SM/PM provide the value added for having any of these consultants? (No = bad)
  2. Are the consultants located close to where the action is? (No = bad)
  3. If certain consultant positions/jobs were to disappear, tomorrow, would that change any aspect of the project? (No = bad) If no, has SM/PM explained/justified why these consultants are still employed? (Yes = good)

159- Does the current strategy have limits? (Yes = blue)

160 – Has serious research demonstrated which strategies don’t work?

161- Can we determine If there is a central issue/condition or be isolated to anything specific? (No = blue)

162- Are the issues crystal clear? (Yes = green)

163- Were decisions made in the wrong sequence? (Yes = bad)

164- Can the solution come from within? (No = blue)

165- Is the number of staff being hired covering the number who have left/who are leaving? (No = blue)

166- Is SM/PM striking the proper balance between safety and mission? (Yes = green)

167- Does the system work as it was originally designed? (Yes = good)

168- Have SM/PM carefully studied the trade-offs (eg Simplicity, producibility, reliability)

169- Does final approval for the riskiest technology require any objective, supporting data? (No = red)

170- Is there any plausible way that this technology (as we are building it) can work under normal/anticipated conditions? (No – bad)

171- Are project’s outputs/units arriving on tome and on specification? (No = bad)

172- Can firm complete its current slate of activities/projects on time and on budget? (Yes = good)

173- Can an available/affordable technology help guide the construction process to be completed faster and cheaper? (Yes = good)

174- Should SM/PM create a unit to streamline decision-making and speed work? (Yes = blue)

175- Can reducing non-productive time, such as vacation days taken at critical times, improve the project’s schedule performance? (Yes = blue)

176- Is too much time/resources devoted to trivial issues at the expense of missing major/inefficient risks? (Yes = bad)

177- Is there any evidence that corrective action plans/implementation is improving performance/ reducing issues? (No = bad)

178- (If the project is not meeting its stated objectives) Is it clear how much more effort/how any additional resources would be required to reach the existing/newly proposed target? (No = bue)

179- Can any credible Band-Aid fixes, stopgap, short-term goals be employed to correct the current situation? (Yes = good)

180- Are current standards, practices, oversight procedures sufficient? (Yes = green)

181- Are contractors able to produce enough of the required components to support the project’s production goals? (No = blue)

182- Are consequences for poor contractor performance specific enough? (No = bad)

183- Is the threat of consequences to contractors enough to achieve a specific goal? (No = bad)

184- Does SM/PM evaluate the success rate of consequences enacted and goals achieved – such as reduced bad acts? (No = blue)