In fact, we introduced an additional phase to the project. How did we manage risk in this example? Risk Response Plan In the end, it will appear that it is not a cost-efficient decision. It works as-is.īuy the module, spend a lot of efforts to customize it if it is at all possible. Should we do it or buy it?Įven if we buy it, there might be efforts to integrate and customize the solution. Without going into details, we had to add new functionality.įrom the beginning, it was clear it is a big piece of work.Īs usual, there is a question. We had a significant and complex enterprise piece of software. However, it might as well be technological or integration risk management example. In this case, the risk impacted the scope of the project. However, if not – you have an acceptable contingency plan. Plus, you add everything that fits into the deadline.Įntirely possible you will be able to deliver everything in the end. You promise to deliver what’s critical for project success. You don’t suggest to de-scope the project, remove features or capabilities.
Identify the scope of work that is crucial for the (first) delivery.Īdditionally, promise to deliver as much of “should have’s.” It is never the case unless you are doing an MVP. Use their knowledge and authority to break down the scope into three groups:ĭon’t agree to put everything into the first bucket. Usually, your team and some internal subject matter experts have crucial expertise. There is no benefit of working hard for the next few months. They disengage the moment they feel it is impossible to achieve the project’s goal. Moreover, putting people into too much stress over a long period of time doesn’t work well. In many cases, adding more people doesn’t increase productivity proportionately. It means it works throughout all your project management efforts. This risk management example shows an integrated approach to mitigating threats. The first impulse is to get as many people and resources as possible. In the beginning, they think that all their points are Must-Haves. Project Risk Management Examples with Sick LeavesĬlients come with a fixed deadline to release a product or service.Risk of a Vendor not Fulfilling Commitments.Risk of Losing an Important Team Member.Example of Risk Management with Inefficient Quality.If it’s too big for you – choose a story from the list: I recommend you to read the whole article. Get the Template List of Risk Management Examples in This Article (Or it can help you learn the Scope Management) You can quickly adjust it to your needs and use the plan on your project for FREE.
You’ll finally discover what goes into a Risk Management Plan with this template.