How Can A Project Manager Manage Risks?

 

“Being a Project Manager is like being an artist, you have the different colored process streams combining into a work of art” – Greg Cimmarrusti

The process of breaking down software development work into smaller steps with a potential to increase the efficiency of the work is called Software Development Process. Different approaches are involved in Software Development to achieve the desired results.

What is Project Management?

The application of different processes, methods, skills, knowledge and experience of professionals to deliver a product with constraint resources and budget is called Project Management. Any project that has a varied number of components needs to be managed; this is why the concept of Project Management was brought into action. The primary constraints in any project are- budget, time and scope. Many frameworks, tools, phases have been developed to counter all the challenges involved in product making. Not one approach is fit to give best results for all type of projects so; it is one of the decisions to be made in Project Management. The most popular and common types of project management are-

·       Waterfall project management

·       Scrum project management

·       Agile Methodology/ Project Management

·       Kanban project management

·       Lean project management

·       PRINCE2 project management

·       Six Sigma project management

Who is a Project Manager?

An experienced professional who is the head of the project management in any industry is a Project Manager. Project managers are responsible to achieve the predetermined goal though a well planned process. Their functions include planning, designing, allocating, executing, testing and resolving any issues throughout the process. They are the link between team leaders/Scrum Masters of different teams and also the point of contact for any progress reports about the project by the higher authorities.

Simple ways to avoid Risks in Development Process

There are a lot of complex procedures involved in software development and so there are also challenges and risks that have been interrupting the progress of the process. Although there are some risks that cannot be avoided even if precautions have been taken like natural hazards and depletion in reputation but still there are a few ways in which other risks can be prevented. They are-

·       To identify the potential risks can prove to help prevent the risk. Hiring professionals who have knowledge about the whole process, tools, resources, risks can help to eradicate some unwanted issues.

·       Analyzing the impact of the potential risk on the whole process is the next step.

·       After analyzing the strength of the potential risk, the Manager should prioritize them accordingly.

·       If the risk is small and can be mitigated totally, then justified steps must be taken but if the risk cannot be removed totally then the impact should be reduced using different tools and methods.

·       Keeping track of the threat or risk is to be needed to complete the project error free.

Usually, the Project Managers are responsible for risk management, but sometimes they delegate smaller risk management to the team leaders or Scrum Master.

Title Description

1.     Role of a Project Manager

A Project Manager is a professional in-charge of planning, allocating, executing and completing the project with utmost efficiency. Project Managers are the link between the Team Heads/Scrum Master of different teams and the authorities at the top. The first point of contact in case of any discrepancies or issues in a project is a Project Manager. A Project Manager is usually a Professional who not only has academic field related certificates but also skills sets and experience needed to manage things properly.

2.     What risks are involved?

A number of segments, tools, processes, methodologies like- Agile Methodology, Lean Methodology, Waterfall Model, etc. and people are involved to develop a product. So, managing all these together have its own challenges and risks to face throughout the development process. Some of the major risks involved are-

·       Technological Risk

·       Risk of Communication

·       Risks related to Cost and Budget

·       Scope Creep Risk

·       Risk in Operations

·       Safety and Health Risk

·       Risk related to Labor

·       Performance Risk

·       Market fluctuations

·       Risk of Natural Hazards

3.     What is Software Development Process?

In the field of software engineering, there are a number of critical, creative and intense approaches are used to achieve a product which is called Software Development Process.  It is a cycle of a few steps that help to complete a project to the satisfaction of a Product Owner/Stakeholder. The steps are-

·       Planning

·       Analyzing

·       Designing

·       Implementation

·       Testing & Integration

·       Maintenance

There are different models that can be used to complete a project like- V-Model, Agile Model, Waterfall Model, Lean Model, etc.

About Advance Agility

We, at Advance Agility, are the new-age Agile Coaching, Consulting and IT services company. We enable end-to-end Digital Transformation. Agile execution is integral to our being. We are doing SAFe implementation with small, medium and large organization across the globe. Our vision is to be the leading Agile execution player globally. To keep adding value at every process stage. We are on a mission to empower our clients, move from concept to cash in the shortest sustainable lead time by adopting human centric approach to business agility. Embracing the change is in our DNA. Things that keep us apart are Quicker and Seamless execution with End-to-end gamut of services. Our Global presence and Stellar Track Record give us an edge over our competitor.

Connect with us at advanceagility.com to learn about SAFe and SAFe Implementation. We provide various SAFe certification courses along with DevOps, Scrum, Agile Coaching and more trainings. Write to us at contact@advanceagilty.com for any agile training or consulting needs. We are always looking for competent agile trainers as well. So if you are a good trainer or want to become one, do get in touch with us to that we can learn, grow and achieve together.