Project Risk Assessment and Decision Support Tools

Search Timer

WHICH SOLUTION IS THE BEST APPROACH? IT DEPENDS

Questions to consider: Method(s) to use: Action(s) to take:
1.  Who is your audience?  What is their level of PM knowledge?  
Any method
Monitoring and Evaluation
Tools – Miles Section 5
Decision Options – Miles Section 6
2.  How does your audience like to receive information? For detailed analyses: Use Projectivities maps (See Miles, Section 4) Monitoring and Evaluation Tools – Miles Section 5
Decision Options – Miles Section 6
3.  How much time does your audience have to absorb the information? For quick analyses: Use the Initial Interview Process
and/or the 4-Step Process (See Miles, Section 2)
Monitoring and Evaluation
Tools – Miles Section 5 Decision Options – Miles Section 6
4.  Is your audience composed of one or more executives? For quick analyses: Use the Initial Interview Process and/or the 4-Step Process
(See Miles, Section 2)
Monitoring and Evaluation Tools – Miles Section 5 Decision Options – Miles Section 6
5.  How much time do you have to present the information? See comments for quick and detailed analyses (above) Monitoring and Evaluation Tools – Miles Section 5 Decision Options – Miles Section 6
6.  How complicated is the project being (to be) evaluated? For complicated analyses: Use Projectivities maps (See Miles, Section 4) Monitoring and Evaluation Tools – Miles Section 5 Decision Options – Miles Section 6
7.  How valuable is the project?  To the sponsor? To your firm? Use the Initial Interview Process and/or the 4-Step Process (See Miles, Section 2) or the 7-Step process (if working with the project team): Miles, Section 5 Monitoring and Evaluation
Tools – Miles Section 5
Decision Options – Miles Section 6
8.  What stage is the project currently in? Use the 7-Step Process and Miles, Section 5: Monitoring and Evaluation Tools Monitoring and Evaluation Tools – Miles Section 5 Decision Options – Miles Section 6
9.  Is your audience composed of project team or support staff?  
Any method
Monitoring and Evaluation Tools – Miles Section 5 Decision Options – Miles Section 6