A Short Note On Accidental Project Manager For The Mobile Application Development Project At Our Company

Working to understand the risks a project may endure along with the cost associated is critical in every project management plan. Understanding potential risks based on the project type, resources needed, timeline and budget still leaves gaps that creates uncertainty for actually predicating the outcome of the project. There is not a true way to predict when and where a project risk will occur but designing a plan to properly address and manage those risks will increase confidence while eliminating the element of surprise.

risks and determine the likelihood and consequence of that risk occurring during the project. The

The risk-management plan then starts by identifying each of these sources, their magnitude, their relation to the various design stages, and their possible effects on cost, schedule, quality, and performance. The next step is to look for modifications or alternatives that would permit risk reduction. The thoughtful selection of computer language or operating system may reduce some of the integration risks. If management decides to develop a new software package, contingency plans that cut expenses and development time at the cost of lower performance should be prepared. These plans are used in case the undesired event takes place. By preparing a contingency plan in advance, time is

When the manager of project carried out its work plan should take into consideration the possible risks that may occur within the project. The risk is the possibility that occurs a problem within a project and that may cause some change within the same (Heldman, 2011). It should be noted that not all risks are bad since they can be potential opportunities to make some changes that will improve the overall status of the project. In the same way a risk not taken into account in time can create one problem in the project and can completely change the final performance of the project. The project manager can take several elements to identify the risks. Some elements and documents that can be used to identify risks are: search internal risks of the project, such as resources

Scope creep can be caused by changes that are external to the company, such as new safety legislations, changes in regulatory and certification, market, or even change in technology being utilized. As these external changes occur, new project estimates must be planned and since these changes can affect multiple aspects of a project, the project scope changes. However, these changes may occur at any time during the project life cycle and it may be possible that the relevant team responsible for estimation are no longer with the project. Project Managers must ensure to plan for this risk, and must have the necessary data and expertise available at all times to create the new control estimate.

Risks management is an important step during the process of a project. Failing to manage a risk may result in unforeseen event happening and a project’s failure. For example, with limited budget, an unforeseen event or an accident occurs in the middle of a project and this matter has not been considered and needs a big sum of expense, then the project may be stopped because of this unexpected event. We should know it is necessary to understand how to identify risks and assumptions based on the information. After identifying risks, it is important for project managers to set contingency plans to prevent and deal with these risks when they occur. Of course, several problems may happen during considering

Risk or threat is common and found in various fields of daily life and business. This concept of risk is found in various stages of development and execution of a project. Risks in a project can mean there is a chance that the project will result in total failure, increase of project costs, and an extension in project duration which means a great deal of setbacks for the company. The process of risk management is composed of identifying, assessing, mitigating, and managing the risks of the project. It

Improvements are often possible, even when a project is to cost, quality and scope. (Shahu et al, 2012) This would be hard to prove, as repeated experimentation is rare due to the difficulty in creating exactly the same environment more than once. So a large-scale study would be needed. Until such a study has taken place, it is safe to assume that if project risk management brings benefits to projects, it would bring extra benefits to successful projects. (Shahu et al, 2012) This would be by being able to exploit and mitigate risks, issues and opportunities early, as well as increasing the accuracy of predictions which assist decision making.

Changes to scope and requirements are a common threat to projects. To ensure this project is delivered in line with the scope described above in Section 4 Project Baseline and Section 5 Project Scope, a formal Change Control process will be instituted for this project to:

Mitigation Strategy: To mitigate this risk we will do research on possible vulnerabilities and how to fix them before we begin the project. We will then utilize those strategies in our project plan.

The essential steps an owner can take to minimize risks and deal with the identified causes are to allow reasonable time for the design team to produce clear and complete drawings and specifications, to use value engineering and implement constructability during the different stages of the project, to provide a proper mechanism for processing and evaluating change orders that pay for direct costs, indirect costs, and loss of productivity associated with any changes if any, to use critical-path-method scheduling, cost control, and 37 productivity analysis to monitor progress and detect any change

In order to perform project risk management effectively, the organization or the department must know the meaning of the risk clearly. With regards to a project, the management must focus on the potential effects on the objectives of the project, for example, cost and time (Loosemore, Raftery and Reilly, 2006). Risk is a vulnerability that really matters; it can influence the objectives of the project

Moreover, it demonstrates the project risks which might affect the project period, cost and quality.

Risks are intrinsic in all projects, and there is no way to eradicate the risk no matter how carefully an individual might plan a project. Some risk factors can be anticipated with plans to minimize their effect, such as, in the project itself; business; scheduling; and resources. Other risk factors can be unpredictable: such as, a loss of key project players, a publicized sentinel events, or a natural disaster in the area. Hall, Skipper, Hazen, and Hanna (2012) stated that an individual can take steps to decrease exposure to the risk and develop

Project risk is defined by PMI as 'an uncertain event or condition that, if it occurs, has a positive or negative effect on a project 's objectives '. A Risk can be virtually anything. It can be the upcoming implementation of an activity that has never been performed before and therefore the outcome or duration is very uncertain. It can be the potential loss of a key project personnel resource to another project. It can be the unknown status of funding from the customer side for an upcoming phase of the project. It can be the use of a new technology for the overall solution or for accomplishing specific tasks on the project.