Hello, professor
Here is my answer:
Sources of risk in in a system analysis and design project are analyze errors, operation failures, and so on. To be more specific, sensitive information is revealed or compromised. Security impacts can result in failure of dependent requirements, or violation of system specifications or laws/regulations. For a survey system product for collecting and tallying users’ input on questions, there are risks of violation of product purpose. Of course, improper design also has the risk of making the project fail
For the IT projects, there are two dominant risk aspects, Investment (failure to provide value for the money) and Project ownership (failure due to accountability).
A project manager should make an appropriate project plan. Especially, identifying and assessing Risk. The project manager should identify uncertainties and analyze recurring problems. Specifically, project manager could increase operational security considerations. For example, increasing checks on relevant personnel to prevent sensitive information from being revealed or compromised. The users are filtered to prevent them from voting on the same question more than once.
Dear professor, here is my answer
Every project will have some form of risk, it could be the weather, lead person changing jobs, a new system not being compatible with other already in place systems and each of these risks should have a decision in place.
3.How does a project manager cope with risk during the stages of project management?
A project manager should do a risk assessment for any project before starting.During this stage the project manager should identify uncertainties, analyze risks, and prioritize risks. Do we still continue the project, do we change something in the project (timeline, etc), or do we stop all together. By knowing what risks are involved and ways around them helps the project be successful or sometimes lets the project manager know that there are too many risks and that the project needs to be re-scoped,changed,or cancelled.
Risk mitigation is another important aspect of project management that is a part of the planning stage. The project manager is responsible for extrapolating past data to identify potential project management risks and develop a strategy to minimize them. An important element that professionals often overlook is an effective change management plan.
To begin managing risk, it’s crucial to start with a clear and precise definition of what your project has been tasked to deliver. In other words, write a very detailed project charter, with your project vision, objectives, scope and deliverables. This way risks can be identified at every stage of the project. Then you’ll want to engage your team early in identifying any and all risks.
Don’t be afraid to get more than just your team involved to identify and prioritize risks, too. Many project managers simply email their project team and ask to send them things they think might go wrong on the project. But to better plot project risk, you should get the entire project team, your clients’ representatives, and vendors into a room together and do a risk identification session.
With every risk you define, you’ll want to log it somewhere—using a risk tracking template helps you prioritize the level of risk. Then, create a risk management plan to capture the negative and positive impacts to the project and what actions you will take to deal with them. You’ll want to set up regular meetings to monitor risk while your project is ongoing. Transparency is critical.
Project Risks might arise from the use of new technology, functional users’ resistance to change, critical resource availability issues, competitive reactions or changes in regulatory actions due to the construction of a system, or team member inexperience with technology or the business area. Project manager should continually try to identify and assess project risk. The project manager should try to assess its probability of occurrence, understand its impact, and create a contingency plan. Risk mitigation plan should be created and project manager should share it with all the stakeholders at the beginning of the project. Project risks are inevitable but they should be managed well and each project should have a mitigation plan to deal with them. Project risk management stages are as follows:
Risk Identification
Risk Analysis
Risk Response Planning
Risk Monitoring and Control
Hello professor, here is my answer:
2.What are sources of risk in a system analysis and design project?
In my opinion, there are specific risks associated with each project. As an example, suppose that a change in the decision leader during the project process could affect the strategic goals of the project. Or there are iterations of information systems that are updated with incompatible work records, etc.
3.How does a project manager cope with risk during the stages of project management?
The project manager should define a clear project strategy and objectives, and a standardized strategy will reduce the probability of risk. In addition, project managers need to develop risk management strategies as much as possible to achieve project management transparency and reduce potential project risks caused by miscommunication.
Hello professor
Here is my answer
question 2:
weather、Leadership mobility、system problems and so on .
question 3:
1. Create a risk management plan.
2. Keep your risk register up to date.
3. Understand the risk event.
4. Be proactive instead of reactive
5. Develop your project management skills.
Sources of risk in a system analysis and design project:
1. It can be economic risk like lack of capital or suffer a loss in the project.
2. It can be technical risk like have problems in installing the system.
3. Risk can be from the compliance of laws and regulations.
4. Risk can be from the vendors.
5. Risk can be from the unprecise estimation.
Project manager can cope with these risk by taking actions like:
1. Assess economical feasibility. ( Cash flow analysis, break-even analysis, ROI)
2. Find reliable vendors.
3. Have a deep understanding of the project and make schedules.
4. Learn a lot about the laws can be relative to the project.
Risks in a system analysis and design project might result from:
a. the use of new technology
b. functional users’ resistance to change
c. critical resource availability issues
d. competitive reactions or changes in regulatory actions due to the construction of a system
e. team member inexperience with technology or the business area
Applying risk controlling and monitoring during the stages of project management.
From the aspect of IT governance, a project manager could identify the threats and vulnerabilities of the project. In this way, some risks could be avoided in the first place and even it really happens, damage will be greatly reduced.
From the aspect of SDLC, a project manager could integer security through the cycle and prepare a consistency plan or backup plan just in case.
A project manager could also use resources as much as possible to mitigate the risk including informing other stakeholders to confront together.
Hello professor, here is my answer.
Project Risks might arise from the use of new technology, functional users’ resistance to change, critical resource availability issues, competitive reactions or changes in regulatory actions due to the construction of a system, or team member inexperience with technology or the business area. Project manager should continually try to identify and assess project risk. The project manager should try to assess its probability of occurrence, understand its impact, and create a contingency plan. Risk mitigation plan should be created and project manager should share it with all the stakeholders at the beginning of the project. Project risks are inevitable but they should be managed well and each project should have a mitigation plan to deal with them.
Hi professor,
here is my answer:
Sources of risk includes insufficient budget, excessive project scope, limited resources, insufficient staff capacity, uneven distribution of resources, changes in demand and project delays among stakeholders.
Hi professor,
here is my answer of “How does a project manager cope with risk during the stages of project management”:
1.A project manager need to do a risk assessment before initiating a new project. This includes judging the feasibility, scopes,prospects, approximate budget and the time of the project.
2.A project manager should should be responsible for the management and adjustment of personnel. Appropriate encouragement or punishment of employees, according to the personality and ability of employees to divide and group. This greatly reduces project risks due to personnel issues.
3.A project manager should be responsible for communicating all stakeholders and other stuffs.
4.A project manager should keep an eye on the progress of the project as well as external information in real time. When something goes wrong with the project, or when something else is wrong, even if the project is adjusted or stopped.
1. User requirements
For IT projects, systems are often built to meet user requirements to achieve project goals, so many uncertainties come from user requirements.
2. Related parties
IT projects often involve a large number of stakeholders, such as internal and external cooperation projects, more need to consider the project risk
3. Technology management and application
IT projects involve the overall application of many technologies, and risks may come from the technical environment of the project, such as development environment, technology, software and hardware, peripheral system integration, product upgrade, etc
4. Project team
IT requires the efforts of the whole project team to achieve the goal of an IT project, but people themselves are uncertain. In the whole process, there may be risks such as insufficient resources, uncoordinated team, high mobility of members and inadequate competence of members
5. Evaluation criteria for project quality
The quality evaluation standard of IT projects is established on the level of satisfying user needs, but IT is difficult to have a unified standard or standard for how to evaluate user needs, which is highly subjective and also one of the sources of project risks.
6.General risk management (threat) response strategies include: avoidance, transfer, mitigation, acceptance, report
Here is my answer.
Risks come from many sources, some man-made, some not. For example, in the aspect of system design, there may be loopholes and loss of functions in the subsequent operation of the system due to incomplete consideration.
What can a project manager cope with these risks?
The project manager can create a risk response plan. A risk response plan is a proactive effort to anticipate a risk and describe an action plan to deal with it. An effective risk response plan can reduce the overall impact by triggering timely and appropriate action.
The project manager also can monitor risks. This activity is ongoing throughout the risk management process. It is important to conduct a continuous tracking process that can identify new risks, notice changes in existing risks, and update any other areas of the risk management plan.
Hello Professor,
Here is my answer:
There are two main categories of project risk: the category that impacts the business benefits, which endangers the reasons for the project’s very existence, and the category that impacts the project itself. The project manager is responsible for mitigating the second category. Having defined risk and risk exposure, the project manager may choose to avoid, mitigate, transfer or accept the risk depending on the type of risk and its significance to the business.
Thank you
Project Risks might arise from the use of new technology, functional users’ resistance to change, critical resource availability issues, competitive reactions or changes in regulatory actions due to the construction of a system, or team member inexperience with technology or the business area.
It is important to recognize that projects come in many varieties. Size, importance, duration, cost, technological depth, community of users, strategic importance—these are among many factors that drive differentiation among projects in an organization.
Although risks are difficult to avoid, a project manager should continually try to identify and assess project risk. The project manager should try to assess its probability of occurrence, understand its impact, and create a contingency plan. Risk mitigation plan should be created and project manager should share it with all the stakeholders at the beginning of the project. Project risks are inevitable but they should be managed well and each project should have a mitigation plan to deal with them.
Dear professor,Here is my answer:
A project manager should do a risk assessment for any project before starting.During this stage the
project manager should identify uncertainties,analyze risks,and prioritize risks.Every project will have
some form of risk,it could be the weather,lead person changing jobs,a new system not being
compatible with other already in place systems and each of these risks should have a decision in place.
Do we still continue the project,do we change something in the project (timeline,etc),or do we stop alltogether.By knowing what risks are involved and ways around them helps the project be successful or sometimes lets the project manager know that there are too many risks and that the project needs to be re-scoped,changed,or cancelled.
Project Risks might be caused by the use of new technology, competitive reactions , critical resource availability issues, functional users’ resistance to change, or changes in regulatory actions due to the construction of a system, or team member inexperience with technology or the business area.
Project manager should continually try to identify and assess project risk. The project manager should try to assess its probability of occurrence, understand its impact, and create a contingency plan. Risk mitigation plan should be created and project manager should share it with all the stakeholders at the beginning of the project. Project risks are inevitable but they should be managed well and each project should have a mitigation plan to deal with them.
Hello, professor
Here is my answer:
Sources of risk in in a system analysis and design project are analyze errors, operation failures, and so on. To be more specific, sensitive information is revealed or compromised. Security impacts can result in failure of dependent requirements, or violation of system specifications or laws/regulations. For a survey system product for collecting and tallying users’ input on questions, there are risks of violation of product purpose. Of course, improper design also has the risk of making the project fail
For the IT projects, there are two dominant risk aspects, Investment (failure to provide value for the money) and Project ownership (failure due to accountability).
A project manager should make an appropriate project plan. Especially, identifying and assessing Risk. The project manager should identify uncertainties and analyze recurring problems. Specifically, project manager could increase operational security considerations. For example, increasing checks on relevant personnel to prevent sensitive information from being revealed or compromised. The users are filtered to prevent them from voting on the same question more than once.
Dear professor, here is my answer
Every project will have some form of risk, it could be the weather, lead person changing jobs, a new system not being compatible with other already in place systems and each of these risks should have a decision in place.
3.How does a project manager cope with risk during the stages of project management?
A project manager should do a risk assessment for any project before starting.During this stage the project manager should identify uncertainties, analyze risks, and prioritize risks. Do we still continue the project, do we change something in the project (timeline, etc), or do we stop all together. By knowing what risks are involved and ways around them helps the project be successful or sometimes lets the project manager know that there are too many risks and that the project needs to be re-scoped,changed,or cancelled.
Risk mitigation is another important aspect of project management that is a part of the planning stage. The project manager is responsible for extrapolating past data to identify potential project management risks and develop a strategy to minimize them. An important element that professionals often overlook is an effective change management plan.
To begin managing risk, it’s crucial to start with a clear and precise definition of what your project has been tasked to deliver. In other words, write a very detailed project charter, with your project vision, objectives, scope and deliverables. This way risks can be identified at every stage of the project. Then you’ll want to engage your team early in identifying any and all risks.
Don’t be afraid to get more than just your team involved to identify and prioritize risks, too. Many project managers simply email their project team and ask to send them things they think might go wrong on the project. But to better plot project risk, you should get the entire project team, your clients’ representatives, and vendors into a room together and do a risk identification session.
With every risk you define, you’ll want to log it somewhere—using a risk tracking template helps you prioritize the level of risk. Then, create a risk management plan to capture the negative and positive impacts to the project and what actions you will take to deal with them. You’ll want to set up regular meetings to monitor risk while your project is ongoing. Transparency is critical.
Dear professor,
Here is my answer:
Project Risks might arise from the use of new technology, functional users’ resistance to change, critical resource availability issues, competitive reactions or changes in regulatory actions due to the construction of a system, or team member inexperience with technology or the business area. Project manager should continually try to identify and assess project risk. The project manager should try to assess its probability of occurrence, understand its impact, and create a contingency plan. Risk mitigation plan should be created and project manager should share it with all the stakeholders at the beginning of the project. Project risks are inevitable but they should be managed well and each project should have a mitigation plan to deal with them. Project risk management stages are as follows:
Risk Identification
Risk Analysis
Risk Response Planning
Risk Monitoring and Control
Hello professor, here is my answer:
2.What are sources of risk in a system analysis and design project?
In my opinion, there are specific risks associated with each project. As an example, suppose that a change in the decision leader during the project process could affect the strategic goals of the project. Or there are iterations of information systems that are updated with incompatible work records, etc.
3.How does a project manager cope with risk during the stages of project management?
The project manager should define a clear project strategy and objectives, and a standardized strategy will reduce the probability of risk. In addition, project managers need to develop risk management strategies as much as possible to achieve project management transparency and reduce potential project risks caused by miscommunication.
Hello professor
Here is my answer
question 2:
weather、Leadership mobility、system problems and so on .
question 3:
1. Create a risk management plan.
2. Keep your risk register up to date.
3. Understand the risk event.
4. Be proactive instead of reactive
5. Develop your project management skills.
Sources of risk in a system analysis and design project:
1. It can be economic risk like lack of capital or suffer a loss in the project.
2. It can be technical risk like have problems in installing the system.
3. Risk can be from the compliance of laws and regulations.
4. Risk can be from the vendors.
5. Risk can be from the unprecise estimation.
Project manager can cope with these risk by taking actions like:
1. Assess economical feasibility. ( Cash flow analysis, break-even analysis, ROI)
2. Find reliable vendors.
3. Have a deep understanding of the project and make schedules.
4. Learn a lot about the laws can be relative to the project.
Risks in a system analysis and design project might result from:
a. the use of new technology
b. functional users’ resistance to change
c. critical resource availability issues
d. competitive reactions or changes in regulatory actions due to the construction of a system
e. team member inexperience with technology or the business area
Applying risk controlling and monitoring during the stages of project management.
From the aspect of IT governance, a project manager could identify the threats and vulnerabilities of the project. In this way, some risks could be avoided in the first place and even it really happens, damage will be greatly reduced.
From the aspect of SDLC, a project manager could integer security through the cycle and prepare a consistency plan or backup plan just in case.
A project manager could also use resources as much as possible to mitigate the risk including informing other stakeholders to confront together.
Hello professor, here is my answer.
Project Risks might arise from the use of new technology, functional users’ resistance to change, critical resource availability issues, competitive reactions or changes in regulatory actions due to the construction of a system, or team member inexperience with technology or the business area. Project manager should continually try to identify and assess project risk. The project manager should try to assess its probability of occurrence, understand its impact, and create a contingency plan. Risk mitigation plan should be created and project manager should share it with all the stakeholders at the beginning of the project. Project risks are inevitable but they should be managed well and each project should have a mitigation plan to deal with them.
Thanks
Hi professor,
here is my answer:
Sources of risk includes insufficient budget, excessive project scope, limited resources, insufficient staff capacity, uneven distribution of resources, changes in demand and project delays among stakeholders.
Hi professor,
here is my answer of “How does a project manager cope with risk during the stages of project management”:
1.A project manager need to do a risk assessment before initiating a new project. This includes judging the feasibility, scopes,prospects, approximate budget and the time of the project.
2.A project manager should should be responsible for the management and adjustment of personnel. Appropriate encouragement or punishment of employees, according to the personality and ability of employees to divide and group. This greatly reduces project risks due to personnel issues.
3.A project manager should be responsible for communicating all stakeholders and other stuffs.
4.A project manager should keep an eye on the progress of the project as well as external information in real time. When something goes wrong with the project, or when something else is wrong, even if the project is adjusted or stopped.
1. User requirements
For IT projects, systems are often built to meet user requirements to achieve project goals, so many uncertainties come from user requirements.
2. Related parties
IT projects often involve a large number of stakeholders, such as internal and external cooperation projects, more need to consider the project risk
3. Technology management and application
IT projects involve the overall application of many technologies, and risks may come from the technical environment of the project, such as development environment, technology, software and hardware, peripheral system integration, product upgrade, etc
4. Project team
IT requires the efforts of the whole project team to achieve the goal of an IT project, but people themselves are uncertain. In the whole process, there may be risks such as insufficient resources, uncoordinated team, high mobility of members and inadequate competence of members
5. Evaluation criteria for project quality
The quality evaluation standard of IT projects is established on the level of satisfying user needs, but IT is difficult to have a unified standard or standard for how to evaluate user needs, which is highly subjective and also one of the sources of project risks.
6.General risk management (threat) response strategies include: avoidance, transfer, mitigation, acceptance, report
Here is my answer.
Risks come from many sources, some man-made, some not. For example, in the aspect of system design, there may be loopholes and loss of functions in the subsequent operation of the system due to incomplete consideration.
What can a project manager cope with these risks?
The project manager can create a risk response plan. A risk response plan is a proactive effort to anticipate a risk and describe an action plan to deal with it. An effective risk response plan can reduce the overall impact by triggering timely and appropriate action.
The project manager also can monitor risks. This activity is ongoing throughout the risk management process. It is important to conduct a continuous tracking process that can identify new risks, notice changes in existing risks, and update any other areas of the risk management plan.
Hello Professor,
Here is my answer:
There are two main categories of project risk: the category that impacts the business benefits, which endangers the reasons for the project’s very existence, and the category that impacts the project itself. The project manager is responsible for mitigating the second category. Having defined risk and risk exposure, the project manager may choose to avoid, mitigate, transfer or accept the risk depending on the type of risk and its significance to the business.
Thank you
Project Risks might arise from the use of new technology, functional users’ resistance to change, critical resource availability issues, competitive reactions or changes in regulatory actions due to the construction of a system, or team member inexperience with technology or the business area.
It is important to recognize that projects come in many varieties. Size, importance, duration, cost, technological depth, community of users, strategic importance—these are among many factors that drive differentiation among projects in an organization.
Although risks are difficult to avoid, a project manager should continually try to identify and assess project risk. The project manager should try to assess its probability of occurrence, understand its impact, and create a contingency plan. Risk mitigation plan should be created and project manager should share it with all the stakeholders at the beginning of the project. Project risks are inevitable but they should be managed well and each project should have a mitigation plan to deal with them.
Dear professor,Here is my answer:
A project manager should do a risk assessment for any project before starting.During this stage the
project manager should identify uncertainties,analyze risks,and prioritize risks.Every project will have
some form of risk,it could be the weather,lead person changing jobs,a new system not being
compatible with other already in place systems and each of these risks should have a decision in place.
Do we still continue the project,do we change something in the project (timeline,etc),or do we stop alltogether.By knowing what risks are involved and ways around them helps the project be successful or sometimes lets the project manager know that there are too many risks and that the project needs to be re-scoped,changed,or cancelled.
Project Risks might be caused by the use of new technology, competitive reactions , critical resource availability issues, functional users’ resistance to change, or changes in regulatory actions due to the construction of a system, or team member inexperience with technology or the business area.
Project manager should continually try to identify and assess project risk. The project manager should try to assess its probability of occurrence, understand its impact, and create a contingency plan. Risk mitigation plan should be created and project manager should share it with all the stakeholders at the beginning of the project. Project risks are inevitable but they should be managed well and each project should have a mitigation plan to deal with them.