Project Risk Assessment and Decision Support Tools

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SUCCESSFUL PROJECT CHARACTERISTICS

  • Human elements addressed.
  • Project manager assigned.
  • Type of organization (weak/strong/matrix office) appropriate.
  • Outputs and activities well defined.
  • Project manager leadership.
  • Flexible alternatives.
  • Good teamwork/morale/ownership.
  • Degree of complexity (software/database concepts/hardware/ ability to easily add functions/ features/teleprocessing, etc).
  • Tasks assigned in right order.
  • Minimal resource conflicts.
  • Effective meetings.
  • Estimated times to complete are reasonable.
  • Line organization must change to meet project requirements.
  • Amount of non-standard material used is minimized.
  • Tracking/control system understood by new personnel.
  • Customer understands the project requested.
  • End results are clear.
  • Good project communications.
  • Critical success factors known.
  • Contingencies are planned for.
  • A WBS is prepared.
  • A critical path is identified.
  • Team identified.
  • Schedule-milestones identified.
  • Project clearly defined.
  • Political support/community support.
  • Risk factors identified and planned for.
  • Project costs are known.
  • Succinct/effective status reports.
  • Project has top management support.
  • Decisions, actions, assumptions, diagrams, specifications are well documented.