Project & Risk Management
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014
Are you managing a project or a process?
Making, distributing and selling Corn Flakes is a process
The exercise is repeated, it can be refined and optimised
• risk will be reduced over time
 Putting a man on the moon is a project
The exercise is [for now] a one off set of activities to deliver a specific goal
• no opportunity to reduce risk over time or to have several attempts at
doing so
The approach to risk is different
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014
What is project management?
Managing projects is NOT, in most cases, project management
Project Management
 a management discipline that uses a series of techniques
 The techniques breaks large complex unique activities into bite sized chunks and
organises the chunks into recognisable phases
 A way of working that can be applied across all forms of projects, e.g.
 design of a new model of car
 building of a nuclear submarine
 construction of an iconic building
 creation of a new computer game.
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014
The tools of project management
 Work Breakdown Structures [WBS]
these define the project Work Packages = the chunks

Phases
give an end to end structure for the whole project;

Gantt Charts
to visualize the WPs & Phases, incorporating deliverables and milestones;

PERT charts
showing the contingent relationship between deliverables and allow the
identification and monitoring of project “pinch points”.
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014
Work packages
For each work package (WP) the following need to be
managed and reported






Time
Finance
Information
Organisation
Quality
Staff
The same items need to be managed
for each phase and for the project overall
The outputs
 Deliverables
 Milestones
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
outcomes of individual WPs
outputs of groups of WPs or the completion of a phase
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014
Key points
 Deliverables and Milestones
should be Specific, Measurable, Achievable, Reliable & Timely [SMART].
 Milestones
the critical decision points of a project.
Few major projects run to plan
Successful projects are adept at managing Risk, Change & Conflict
Therefore critical that project managers and project teams understand
 Risk Management and the related techniques for
 Change Management
 Conflict Resolution
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014
Risk Management Techniques
The risk log
What are the risks?
How likely are the risks?
What impact will the risk have?
What risk amelioration plan do you have?
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014
Risk
What is a risk?
Technical risks
 ...the software doesn’t work, the material is too brittle, the glue fails in the cold?
And much more!
PESTL (Political, Economic, Social, Technical & Legal)
 Or put another way: what happens when the Project Engineer is struck by a bus,
or the Government legislates that a chemical in your new product is harmful and
sale is illegal?
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014
Risk is all pervasive !
Build awareness across the company so that risks can be
identified
Risk training
e.g. Fire awareness, First Aid, Chemical Spillage... what about other areas? IP
awareness, HR for hire & fire, Key Staff insurance etc.
Risk planning
a critical part of business planning – review, revise, reduce.
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014
Project Change
Most projects have to make changes as they proceed this
generates new risks
The risk log is a “live document”
 update regularly in response to changes AND act on the
updates on.
A process for change management
 required to ensure that updated versions of the project plan
and work are implemented smoothly. How is risk amelioration
implemented?
A plan for conflict resolution
 required as changes will impact specific individuals, teams,
project partners, etc.
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014
Planning minimises risk
Having plans for change and conflict resolution takes the heat
out of difficult decisions, by actively monitoring risk the Project
Manager ensures effective delivery
Questions?
Email: admin@nuage-vision.com
Web
www.nuage-vision.com
Tel:
+44 (0) 7803 122 583
+44 (0) 7553 040 928
© NuAge Vision 2014