BSS Risk Mgt

Risk Management and Estimating for Project Managers

Course length: 3.0 day(s)

Course Description:
Software projects present their own unique set of characteristics and concerns, including development costs, speed of completion, quality and reliability. Mastering best practices estimation and risk management techniques is critical if one expects to deliver projects on time and within budget. This workshop not only helps students become more proficient at estimating the parameters of a project’s time, cost and performance, but demonstrates the most effective methods of identifying and quantifying risks as well. PDUs = 16.

Audience:
Those who are involved in project estimating and risk management.

Prerequisites:
None

Course Content

Lesson 1:
Topic 1

1. Definitions and Concepts Estimating
Reasons for Estimating a Project
Accuracy in Estimating
Obstacles to Good Estimating
Enabling Good Estimating
Approaches to Estimating
Metrics Used in Estimating
Techniques Used in Estimating

2. Project Sizing
Project Sizing
Direct Comparison
Models
Rayleigh Model
Life Cycle Resource Distribution
Function Point and Delphi Technique

3. Estimating Costs
Estimating Costs

4. Estimating Effort
Estimating Effort
Parametric Models
Function Point Estimating
Function Point Estimating Process Steps
What Do You Count in Function Point Estimating
Function Point Estimating Information
General System Characteristics
Task Based Estimating
Estimating Task Effort
Resource Profiling

5. Estimating Duration
Estimating Duration
Effort Conversion
Statistical Analysis of Project Length
Weighted Average Results
Beta and Normal Distributions
Normal Distribution and Standard Deviation
Calculating Expected Time for the Project
Using a Z Table to Calculate Probability Answer
How Long Should the Project Be
When Should You Use this Technique

6. Risk Management
Dealing with Risk
Risk Measurement
Risk Impact
Risk During Project Life Cycle
Psychology of Risk
Project Risk Management Processes
Risk Management Planning Definition
Risk Management Plan

7. Risk Identification
Risk Identification Definition
Effect on Project Success Factors
Project Success Factor Chart
Structuring by Project Management Knowledge Areas
Structuring by Category
Risk Influencing Factors
Documentation Review
Historical Information
Other Information Gathering Techniques

8. Qualitative Risk Analysis
Definition
Example Table from the PMBOK
Outputs

9. Quantitative Risk Analysis
Definition
Techniques
Outputs

10. Risk Response Planning
Risk Definition
Techniques
Outputs

11. Risk Monitoring and Control
Definition
Assessing Success
Tools and Techniques
Recognizing New Risks
Outputs
Success Factors

12. Infrastructure
To Improve Estimating Success

13. Summary and Conclusion
To Develop Good Estimates
To Effectively Manage Risks