Project Communication Final
Project Communication Final
RISK MANAGEMENT
1. AKAMPURIRA WALTER………………………… VU-BIT-2201-
1503-EVE
2. AGABA MICHEAL ………………………………… VU-BIT-2201-
1023-EVE
3. BETUNGYE NICHOLAS ………………..……… VU-BIT-2201-
0306-EVE
4. BYARUHANGA FRANCO ………………………… VU-BIT-2201-
0016-EVE
5. GIMOGOI DARLINGTON SMITH……………… VU-BIT-2201-
0466-EVE
6. KAYIMA HUSSEIN………………………………… VU-BIT-2201-
0707-EVE
Project Communication
Distributing Communication
This is the choosing of suitable communication channels
like meetings, emails, project managing tools to make sure
information reaches the appropriate stake holders in time
Communication Management
and Execution Process;
Storing Communications
The project manager organizes a central documents
repository that is well arranged and secure from their
correspondent source and time for easy retrieval and
accessible to relevant stake holders
Retrieving Communication
retrieve the information if needed and for reference
purposes, analysis and decision making.
Communication Management
and Execution Process;
https://www.projectmanagement.com/blog-post/21224/project-communication-mana
gement#_=_
https
://www.linkedin.com/pulse/5-project-life-cycle-phases-execution-akif-ahmadzada-mb
a-pmp-
/
PROJECT RISK
MANAGEMENT
This is the process of identifying analyzing and
responding to potential risks that can impact the project
success.
Here we assess the uncertainties and possible risks that
can affect the project stake holder aims, project
scheduling, project costs, quality and come up with
strategies to cab and manage the risks.
PROJECT RISK MANAGEMENT
PLAN
Interviewing the stakeholders, leaders, and experts if
they run similar projects and risks they ran into and how
we can prevent them
Brainstorming with the project team;
The project manager should host a session or meeting were
the project team members can think and asses to identify
the risks that can happen to the project
PROJECT RISK MANAGEMENT
PLAN
Document and ratify your assumptions;
Assumptions These are things that you think will be true or
happen with any guarantee for example,
The assumption that a certain technology will be available for
integration into the project at a given date, can be ratified by
presenting it to the relevant stakeholders like the project
team, and technology vendors that would sit and resolve the
matter
PROJECT RISK MANAGEMENT
Check the checklist and see PLAN
if the team has come up with a check for
common risks
Perform a risk assessment matrix
Here we categorize the risks into, catastrophic, critical, marginal, and
minor which helps in prioritizing which potential risk to tackle first.
PROJECT RISK MANAGEMENT PLAN
Put the risk events it’s a risk register template that answers the following questions;
what’s the likelihood of the given risk event?
what is the probability of occurrence?
what is the impact if the risk occurs?
what is our risk response plan?
given the likelihood and impact what’s its level of priority
who owns the risk?
PROJECT RISK MANAGEMENT
PLAN
Analyze
For each risk identified analyze its likelihood, severity and response
plan discussed with the project team or key stake holders.
To decide severity asses how the risk event is going to impact your
budget, timeline, and for each risk you come up with a response plan
that may not be necessarily a solution but how the risk will be
addressed by your team.
PROJECT RISK MANAGEMENT
PLAN
Prioritizing
Here you base on your risk register to identify which risks are
more likely to happen and how damaging could they be for the
project’s success, the most important risks to address are
those with a high probability of happening and also high
severity but you have to monitor and address all potential risks
PROJECT RISK MANAGEMENT PLAN
Assign
Even though the risk hasn’t happened yet, it’s helpful to have a
risk owner early such that the team is prepared. The assigned
person will not only monitor but also develop a risk mitigation
plan.
PROJECT RISK MANAGEMENT
PLAN
Response
If at any given point a risk becomes a reality the
as a project manager with the risk register and
risk management plan you should be in place to
have a contingency plan to address the risk
PROJECT RISK MANAGEMENT
PLAN
Monitoring
Here the project has began and you are monitoring risks
to avoid any surprises by
Sending regular status update to the team members
and stake holders an risk management is pro active
Checking in with the risk manager whether there are
no red flags and making sure everything is going on
properly
Keeping an eye on the risk register in case of any
updates
References
https://asana.com/resources/project-risk-management-process
https://
www.pmi.org/about/learn-about-pmi/what-is-project-management