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Risk Analysis can help right-size project governance and structure.

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One of the most frequently debated questions we have seen in today's PMO environment is that of "How much is enough process, governance and oversight"? Business managers want to be nimble and responsive and sometimes have little appetite for what they perceive as the bureaucracy of the PMO office. Project team members and SMEs may likewise feel like they are being slowed down by complying with the methodology of the PMO. To all sides of this argument we say "Yes! You can make reasonable compromises to reduce project overhead." It all comes down to  Risk  management and how much tolerance you have for it. We had devised a Risk Analysis Spreadsheet that takes into account only 24 questions and score cards them into 3 distinct project buckets - Small / Medium / Large. This shirt-sizing approach then let us manage each bucket according to a tailored methodology and governance plan. The small projects used a light-weight methodology and proceeded through a limited nu...

Risk Analysis can help right-size project governance and structure.

Image
One of the most frequently debated questions we have seen in today's PMO environment is that of "How much is enough process, governance and oversight"? Business managers want to be nimble and responsive and sometimes have little appetite for what they perceive as the bureaucracy of the PMO office. Project team members and SMEs may likewise feel like they are being slowed down by complying with the methodology of the PMO. To all sides of this argument we say "Yes! You can make reasonable compromises to reduce project overhead." It all comes down to  Risk  management and how much tolerance you have for it. We had devised a Risk Analysis Spreadsheet that takes into account only 24 questions and score cards them into 3 distinct project buckets - Small / Medium / Large. This shirt-sizing approach then let us manage each bucket according to a tailored methodology and governance plan. The small projects used a light-weight methodology and proceeded through a limited nu...

Root Cause Analysis

Managing issues is an important part of project management . Sometimes when you try to resolve a problem, you find that what you thought was a root cause is really a related symptom, not the actual cause of the problem itself. Consider the following example. Root Cause Analysis A plant manager walks past the assembly line and notices a puddle of water on the floor. Knowing that the water is a safety hazard, he asks the supervisor to have someone get a mop and clean up the puddle. The plant manager is proud of himself for “fixing” a potential safety problem. The supervisor, however, is suspicious. He is not sure why the puddle is there. It wasn’t there yesterday. He wonders what caused the puddle to be there today. Therefore, he looks for a root cause by asking ‘why?’ He discovers that the water puddle is caused by a leak in an overhead pipe. He asks ‘why’ again, and discovers that the pipe is leaking because the water pressure is set too high. He asks ‘why?’ again and discovers that th...

Root Cause Analysis

A plant manager walks past the assembly line and notices a puddle of water on the floor. Knowing that the water is a safety hazard, he asks the supervisor to have someone get a mop and clean up the puddle. The plant manager is proud of himself for “fixing” a potential safety problem. The supervisor, however, is suspicious. He is not sure why the puddle is there. It wasn’t there yesterday. He wonders what caused the puddle to be there today. Therefore, he looks for a root cause by asking ‘why?’ He discovers that the water puddle is caused by a leak in an overhead pipe. He asks ‘why’ again, and discovers that the pipe is leaking because the water pressure is set too high. He asks ‘why?’ again and discovers that the water pressure valve is faulty. He asks ‘why?’ again, and does not get a further answer. The faulty valve is the root cause of the problem. So, the valve is replaced, which solves the symptom of water on the factory floor. Root cause analysis is a way to identify the ultimate ...

Root Cause Analysis

A plant manager walks past the assembly line and notices a puddle of water on the floor. Knowing that the water is a safety hazard, he asks the supervisor to have someone get a mop and clean up the puddle. The plant manager is proud of himself for “fixing” a potential safety problem. The supervisor, however, is suspicious. He is not sure why the puddle is there. It wasn’t there yesterday. He wonders what caused the puddle to be there today. Therefore, he looks for a root cause by asking ‘why?’ He discovers that the water puddle is caused by a leak in an overhead pipe. He asks ‘why’ again, and discovers that the pipe is leaking because the water pressure is set too high. He asks ‘why?’ again and discovers that the water pressure valve is faulty. He asks ‘why?’ again, and does not get a further answer. The faulty valve is the root cause of the problem. So, the valve is replaced, which solves the symptom of water on the factory floor. Root cause analysis is a way to identify the ultimate ...