- Evaluate the risk identification process as it relates to the project management process groups and knowledge areas.
- Evaluate the project manager's role in managing project risk
- Compare various tools and techniques to identify and assess the impact of identified risks on the overall project.
- Demonstrate how to prioritize risks according the their impact and significance on the overall project.
- Evaluate quality improvement methodologies for the purpose of mitigating or eliminating project risks.
- Create comprehensive project risk and quality management reports.
1. Given your knowledge/skills/experience/confidence at the start of this course, which course objectives look familiar to you already?
The concept of risk management is something that I am very familiar with. In my role as a product manager, I work with project managers to prioritize enhancements, and the impact of these enhancements on product sales. I believe that although the project manager is responsible for managing the risk log, they can not resolve the risk on their own. The mitigation of most risks that are identified as part of projects that I work on may include the project manager as one resource, but more often than not, risk mitigation resources include the project stakeholders.
2. Given your knowledge/skills/experience/confidence at the start of this course, which course objectives look either difficult or completely unfamiliar to you?
None of the course objectives look difficult to learn. However, I have no experience with tools that can help identify and assess the impact of identified risks.
3. How does this course fit into your career plans and dreams? Are the objectives crucial to your success, or will accomplishing the objectives simply mean good general background information for you?
These objectives are not crucial to my immediate success. However, one of the primary objectives of my enrollment in the MPM program is make myself more marketable in the job market. I've been a product manager at the same company for 18+ years and my MBA is 30 years old. As of now, I don't have any specific plans to become a project manager, but time will tell.
In the meantime, I believe that living day to day is one project after the other. I want to stop being a fire fighter and have more control over my life.
.
4. What are your thoughts as you set out to accomplish these objectives?
I believe that a good product manager needs to understand how projects are managed. I look at the project managers I work with, and would like to have a better understanding of how they do their jobs. I work on product releases that take 18 - 24 months or longer to develop. As we learned this week, risk management needs to be considered in all phases of the project, from project inception project closure.
In my current role, I am asked to help identify risks, but most of the time, it's later in the project cycle (e.g. 6 months to release date and there are resource issues). I would like to learn more about managing project risk earlier in the project lifecycle, with the objective of minimizing risks later in the project.
