Risk Identification in large-scale projects
Problems and challenges
ByHåvard Holm Giske
03.05.2013
2007 - IT system development to manage sale of oil2012 - Project Deadline2012 - Project cancelled67 mill EUR out of the window
Not userfriendly
Too expencive to operate
New technology
iTrade
PM Solutions Research Report2011
© 2011 Project Management Solutions, Inc.
Large scale projects
Risk Identification
Projects can be:• Successful/Not Successful• Serious/Less Serious• Delayed/On Time/Before Time• Too expencive/Within Budget
Risk Identification
Projects can: Turn out to be wrong
Be a failure
SWOT analysis
Strenghts:• Location• Capital• Knowledge
Weaknesses:• Time• Resources
Opportunities:• Competive
advantage• Be a cornerstone
enterprise• Increase revenue
Threats:• Competitors• Government• Increased exchange
rate
Stakeholder analysis
The buyerThe seller Manager of business
Government (ex. Portfolio minister, local members)People who may be affected (ex. Community)Special interest groups (enviromental groups)The media Why?
Builds acceptanceGenerates constructiove solutions
Brainstorming
1. Gathering project team and expertise
2. Identify all risks
3. Find solutions (IPT)
To remember
Not eliminate risks from consideration
Understand the probability of a risk to occur – risk assessment
Identify risks in an early stage
Continue identify risks during the project
ONE STEP FURTHER A SUCCESSFUL PROJECT
Sources
1. Risk identification ISBN: 0-309-54754-7 (PDF) http://books.google.no/books?id=SvhBDVRVliEC&pg=PA23&lpg=PA23&dq=project+risk+identification+brainstorming&source=bl&ots=VhDtdqPaJ_&sig=NsUh0bYlphAm92ZvnvhqkQbRCuc&hl=no&sa=X&ei=njk-UeWkMMvA7Ab814CgCw&ved=0CDEQ6AEwAA#v=onepage&q=project%20risk%20identification%20brainstorming&f=false 2. SWOT http://www.mindtools.com/pages/article/newTMC_05.htm
3. Factors influencing the success or failure of large-scale projects http://www.diplomainfo.org.uk/documents/Factors_influencing_the_success_or_failure_of_large_scale_pr.pdf
4. Project Risk Management Guidelines – Managing Risks in Large Projects and Complex Procurements. ISBN: 0-470-02281-7
5. News article about Statoil and iTrade (Norwegian) www.aftenposten.no/okonomi/Sved-av-en-halv-milliard-kroner-pa-mislykket-IT-prosjekt-6937667.html#.UUXHYVfaie
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