Chachrist,

The fundamental of schedule risk are pending issues not resolve pro-actively.

Even how much effort we place in the program, pending issues much be resolve.

Why this happen and how software can galvanize the project team to act now instead of tomorrow (XX days from now).

Cheers,

Sensie

Hello Alexi,

Now a days sure planners depend on the latest software no doubt on that, of course we need those tools. Not unless you are doing a Burial Planning. As you said find the missing skill? what is that missing skill. For me if you consider your self as a professional planner, then you are having those necessary skill to be consider as one right?

Now software is only a secondary tool be used for anything regarding computer system, the first tool is ourselves, our experienced and knowledge, and what else...our skill.

Hope this can clear our thoughts.

Hello..Charles,

Long time I didn’t hear from you. Well as of yes I keep on moving from one place to another, just part of the job. Now, talking about the topic of "Risks" in a project.

I certainly agree to everybody having thier views on how to handle, how to mitigate and how to predect Risks.

However, I should say in general...experienced really matter.

Seeyah all.

Charlie, I just came back from Iligan, its not a vacation but an emergency, my sister.

Charles, there is a news that in Surigao city the geoterium project will go ahead.

Regards,

Hi,
The process you have to follow is exeplained in details in the Project Management Body Of Knowledge book(PMBOK)
so you have to follow the sameproceedure and analize the project to get the real risk impact against the right corrective actions.
The folloeings are the summary of the main points :-
*Risk analysis is a part of the risk management process.
*Risk management planning is a part of planning process group.
* Risk management planning procss is important to ensure that the level,type and visibility of risk mansgement are cmmensurate with both the risk and importance to the project to the organization,to provide sufficient resources and time for risk management and it shall be completed early during the project planning.
*Risk response planning is the process of developing options and determining several actions to enhance and reduce threats to project objectives.
*Stratigies for nigative risks;
Avoid
Transfer
Mitigate
Accepte
Share
Enhance
GOOD LUCK

You all seem to be getting hung up on which risk technique to use rather than the quality of the underlying data. You should model the project risk register as developed at the Risk Review sessions by the project team. The identified risks are aligned (directly or indirectly) with schedule activities and you can use any software (technique) to help the project to make better informed decisions at strategic points in the project.

I agree with all you say
DS

Risk is dependant on the method used, resourses available, cost or time priority amoung a few others. Your initial critical path will reflect the chosen criteria for getting the job done. You may tell the programme/schedule network a number of different durations for each of the tasks i.e. pessimistic, optimistic and/or realistic that your team consensus agrees with and opt for the number of iterations recomended. 1000 to me seems ridiculously humungous. As the project progresses however, situations do often change and it may be necessary to review the method used, resourses available, cost or time priority amoungst a few others that may now be calling the tune. The project network may have to be revised in part or whole for the remaining contract duration and to reflect the change in priority. You would have to revisit the durations again and run it again. The computer and the original network can not do it. You the planner will have to do it. Don’t you agree? So don’t get hung up on the iterations as there is more to it then that

The usage of risk analysis techniques depends on the size, complex nature / contractual requirement of projects & including management attitude of a company.