Identify risks Risk management
4.4.5 Controlling risks
You have now identified all the risks in your project, focussed on the critical ones and decided what you will do about them. This is not the end of the process; you cannot just sit back and relax. While risk management can make you aware of the risks involved and put things in place to deal with those risks, it does not take away the risks to your project entirely. The last stage of the risk management process is concerned with planning your risk strategy approach, monitoring risks as your project progresses and dealing with those risks if they occur. In Chapter 7, when we look at controlling your project as it is progressing, we will examine some specific problems your project might face in more detail and ways to deal with those risks. This section is concerned with the process of controlling the risks rather than the risks themselves. The first task you must undertake as part of this stage is to decide how you will manage the risks you have identified. This is not in terms of how you will deal with those critical risks, as this was covered in the previous section. This task involves deciding how you will go about controlling risks in your project and making sure you have the right resources available to deal with the risks – in other words, what is your strategy going to be towards risk management in your project? One strategy you can adopt is to identify specific checkpoints in your project’s progress, when you will re-visit your critical risk list and adjust it according to your latest understanding. However, be aware that triggers or risk events can still occur outside these checkpoints and should be dealt with accordingly. You may decide to hold check- points at the end of every week, fortnight or month. Alternatively, you may decide to hold check points at the end of particular stages of your project – for example, after the literature search is completed, after the design is completed and so on. Another alterna- tive would be to arrange checkpoints during meetings with your supervisor – she may wish to know how your project risks are changing. Part of the process involves checking for those risk triggers you identified during risk identification. Another part involves invoking your contingency plans when risks occur, while another part requires you to constantly monitor and update your critical risk list. Risks are not stationary; they will evolve over time. Some risks will become more ‘risky’ their impact will increase, while others will become less so. As your project progresses some risks may be ‘promoted’ to your critical list, whilst others may be ‘demoted’ from it. Risks can therefore move from green to amber to red risks and vice versa in the RAG grading scheme. •4.5 Summary
n Project planning consists of two stages; defining what it is you want to achieve and planning how you will achieve this. Project definition involves identifying your project’s aims and objectives. n Planning itself consists of six steps; identifying the tasks involved using Work Breakdown Structures; estimating the duration of these tasks; identifying critical stages in your project called milestones; identifying the order in which activities should be performed using activity networks; scheduling your time so that youParts
» Projects in Computing and Information Systems A Student's Guide 0273721313 Pearson 2009
» Introduction What are computing projects?
» Computing project types What are computing projects?
» Programming in computing projects
» Degree structures Degree requirements
» Degree requirements for projects
» Overview Your supervisor Stakeholders
» Clients and users Stakeholders
» Evaluators and testers Stakeholders
» Overview How this book is arranged
» Taught degree projects versus research degrees
» Summary Projects in Computing and Information Systems A Student's Guide 0273721313 Pearson 2009
» A definition What is research?
» Originality What is research?
» Gaincontribution What is research?
» Knowledge and understanding What is research?
» Identify the broad area of study.
» Plan how you will perform the research.
» Gather data and information.
» Analyse and interpret these data.
» Present the results and findings.
» Review the field – i.e., perform a literature survey.
» Build a theory – based on your understanding and interpretations of the field.
» Test the theory – does it work?
» Reflect and integrate – i.e., update your ideas based on your ‘tests’ and contribute
» Intellectual discovery The research process
» Research methods Research methods
» List or multiple choice. Provides the respondent with a number of options to
» Scale. Used to rate the respondent’s feelings towards something.
» Ranking. Used to order a series of options. You should not provide too many
» Complex grid or table. Used to gather similar responses on a range of questions.
» Open-ended. Used to obtain extended, qualitative answers.
» Summary Further reading Action points
» Techniques and Information Sources
» Additional considerations Choosing a project
» Follow any guidelines precisely. Most institutions require specific information; for
» Proofread thoroughly and get someone else to check it. Any errors or omissions
» Introduction to the subject area. This will provide the reader with an under-
» Current research in the field. This will emphasise that your project is not based in
» Identify a gap. You should be able to identify some aspect of the field that requires
» Identify how your work fills the gap. Having identified a gap in the field, your
» Identify risks and solutions. It is also useful in a project proposal to highlight any
» Explicit sections Preparing a project proposal
» Reviewing your proposal Preparing a project proposal
» Exercise Projects in Computing and Information Systems A Student's Guide 0273721313 Pearson 2009
» The project process Introduction
» Definition The project’s stages
» Planning The project’s stages
» Initiation The project’s stages
» Control The project’s stages
» Closure. The project’s stages
» Complete a literature search and literature review of existing stock market prediction
» Develop a suitable artificial neural network model.
» Identify and collect suitable data for analyses and evaluation.
» Evaluate the model using appropriate statistical techniques.
» Complete final report. Setting objectives
» Step 1 – Work Breakdown Project planning
» Step 2 – Time estimates Project planning
» Step 3 – Identify milestones Project planning
» Step 4 – Activity sequencing Project planning
» Step 5 – Scheduling Project planning
» Step 6 – Re-planning Project planning
» Rolling wave planning Project planning
» Risks. Include a list of critical risk factors and means of dealing with these risks
» Organisation. If you are undertaking a group project it would be worthwhile
» Alleviate critical risks Introduction
» Identify risks Risk management
» Alleviate critical risks Risk management
» Controlling risks Risk management
» Research degrees versus taught degree projects
» A starting point Introduction
» The literature survey process
» Format of information Literature searching
» Tracing the information Literature searching
» Inter-library loans Literature searching
» Some tips for performing a literature search
» Critical evaluation Writing literature reviews
» Overview The past Introduction
» Introduction The software development life cycle SDLC
» Requirements definition Requirements capture
» Requirements specification Requirements capture
» Functional specification Requirements capture
» Design The software development life cycle SDLC
» Build The software development life cycle SDLC
» Test The software development life cycle SDLC
» Implementation The software development life cycle SDLC
» The earliest ’model’: build-and-fix
» The stage-wise and classical waterfall models conventional models
» explore the requirements of the system with the user – requirements capture, andor
» explore the technical feasibility of a system – experimental prototyping.
» Which development approach should I use?
» Which programming language should I use?
» Introduction Top-down and bottom-up development
» Top-down development Top-down and bottom-up development
» Bottom-up development Top-down and bottom-up development
» Verification Verification, validation and testing
» Validation Verification, validation and testing
» Testing Verification, validation and testing
» Who is involved with testing and evaluation?
» Test plans Miscellaneous testing types
» Quality assurance and quality control
» Exercises Projects in Computing and Information Systems A Student's Guide 0273721313 Pearson 2009
» Getting started – project initiation
» Managing the five project elements
» Introduction Dealing with problems
» Weakening Dealing with problems
» Personal problems Dealing with problems
» Hardware failure Dealing with problems
» Data availability Dealing with problems
» Discovering your workresearch has been done before
» Analyse what you are currently doing.
» Change what you are doing to achieve your aims.
» eliminate activities you don’t need to do; and
» be more efficient doing the things you have to do.
» Time management tips Procrastination
» Using your supervisor effectively
» Introduction Working in teams
» Team development Working in teams
» Managing the team Working in teams
» Teamwork tips Working in teams
» Considerations Writing and structuring reports
» Approaches to writing Writing and structuring reports
» When should I start writing?
» Identify structure. This relates to the content of your report, using a report break-
» Identify presentational style. You should also try to set standards at this stage on
» Draft the introduction. The introduction gives the reader an idea of the
» Develop the main body. The main body of your report is the next part you
» Articulate conclusions and make recommendations. Quite clearly, your conclu-
» Complete the introduction. As part of the evolutionary approach to writing,
» Write the abstract. You cannot really write a clear abstract for your report until
» Add references and appendices. Although you will be collating references and
» Arrange contents list, index. Leave the completion of an index if one is required
» Proofread, check and correct. It is vitally important to proofread your report after
» Introductionliterature review – the first chapter of your report should always be
» Main body – the content of which depends on the type of project you are un-
» Conclusionsrecommendations – summarises the contribution of the work and
» Style Writing and structuring reports
» Word processing Writing and structuring reports
» Tips Writing and structuring reports
» Presenting charts and graphs
» Common mistakes Data presentation
» Miscellaneous charts Data presentation
» Other data presentation Data presentation
» Introduction Referencing material and avoiding plagiarism
» Citing references Referencing material and avoiding plagiarism
» Listing references Referencing material and avoiding plagiarism
» Commenting program code Documenting software
» Writing user guides Documenting software
» The presentation content Visual aids
» Introduction. One or two slides that introduce you and your talk.
» Main body. The slides that constitute the bulk of your presentation and cover the
» Summaryconclusion. A few slides that summarise your presentation and perhaps
» Dealing with questions Oral presentations
» Poster preparation tips Poster presentations
» Introduction Preparation Demonstrating software
» Demonstration tips Demonstrating software
» Introduction Viva voce examinations
» Introduction Examiners and the marking of your project
» General. Examiners will look at the relevance and appropriateness of the topic
» Report. Examiners will look for clarity, consistency, an appropriate use of
» Defence. Examiners will assess the types of arguments you have made to support
» Other. Examiners will review the administrative issues of your project. For example,
» What was the research question?
» Is it a ‘good’ question? This involves a comprehensive literature review to ensure
» Has the student answered the question adequately?
» Has the student made an adequate contribution to knowledge?
» The project approach from a technical perspective i.e., not a project management
» General project considerations subject independent
» Literature reviewproject foundation Assessment criteria
» Project approachmethods Assessment criteria
» Results and contributions Assessment criteria
» Introduction Taking your project further
» Seeking funding Developing commercial software packages
» Copyright and patents Taking your project further
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