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Project Management and Control COMM 95 Assignment One of Two Dania Ghalayini gdania@hotmail.com Risk Management and Assessment for IT Projects IT Project Management Methodologies Outline: 1. Introduction 2. An Overview of Project Risk Management 2.1 Risks and Project risk management principles 2.2 Effective Risk Management 2.3 The Elements of Project Risk Management (Risk Assessment and Risk Control( • Identify Uncertainties (and Constraints) • Analyze Risks • Prioritize Risks • Mitigate Risks. • Plan for Emergencies. • Measure and Control. 3. When To Perform Risk Identification 3.1 Risk Categories • Technical, quality, or performance risks. • Project management risks. • Organizational risks. • External risks. 3.2 Risk response strategies include: • Risk Avoidance. • Risk Transference/Deflection. • Risk Mitigation. • Risk Acceptance. 4. Selection, Evaluation and Initiation stages of IT Projects: 4.1 Selection Phase • Screening • Evaluation • Prioritizing 4.2 Project Initiation • Barriers and constraints considered as risks during the Project Initiation. • Areas that can affect a project's risk level. • Contingency plans used at this phase. ›Link the 2 parts of the assignment. 5. What is a Project Management Methodology? 6. How to adopt a Methodology? 7. Some methodologies: 7.1 PRINCE 7.2 DSDM Project Management 7.3 Achievement-driven Project Management: AdPM(tm) 8. PMBOK(r) 8.1 Risk Management and the PMBOK(r) 2000 Edition 9. TenStep 9.1 Process Overview • Guiding principles of the TenStep Project Management Process(tm) 10. Comparison of TenStep to the PMBOK(r) Activity Table: Week1 Week2 Week3 General Readings from Books (to know...

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