A strong connection of Assumptions, Constrains and Risk Management

Posted on

Hello to everyone,

during the “Identify Risks” process the Risk Team is trying to find Threats and Opportunities concerning the Project using a number of Tools & Techniques (see previous post). The result of the all effort is to fill the Risk Register by using the “Metalanguage form” or the “Cause-Risk-Effect Format” as is mentioned in PMBOK and Practice Standard for Risk Management both by PMI.

aaa

So how you will find the “Causes” of Risks?

A good way to Start is by reading carefully 2 papers that you already have in hand during that stage: The Project Charter and The Scope Statement! Both of them are containing the Constrains and Assumptions of your Project.

In pages 76 & 77 of “Practice Standard for Risk Management” by PMI you can find the following guide about dealing with Assumptions and Constrains:

Assumptions and Constraints Analysis
This technique requires three steps:
1. List assumptions and constraints for the project
2. Test assumptions and constraints by asking two questions:
     a. Could the assumption/constraint be false?
     b. If it were false, would one or more project objectives be affected (positively or negatively)?
3. Where both questions are answered “Yes”, generate a risk, for example in the form:
<Assumption/constraint> may prove false, leading to <effect on objective(s)>.
The results can be documented in table form, as shown in below table:

 

Assumptions Constrains

A good friend and respectful Risk Manager Miss Neetu Verm (Management Consultant and Corporate Trainer) posted a great article about how to deal with Assumptions check it in the following link:

“Assumptions ,Assumptions Analysis and Assumptions Testing”

Check out also:

a. Beginning of the 6th PMI-RMP® online Prep course March-April 2016

b. Opinions of participants 

RMP επιτυχίες 2014-2015

Get informed for our new courses at :

Sources:

a. PMBOK & Practice Standard for Risk Management by PMI.org

b. Neetu Verma, MBA,PMP®,PMI-ACP®,PMI-RMP®

Note: “PMI”, “PMP”, and “PMBOK Guide” are registered marks of the Project Management Institute, Inc.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s