Analyse The Main Risks In Supply Chain Project Management That Are Addressed By Effective Project Management

Front 1

Define a project

Back 1

A temporary endeavour undertaken to create a unique product or service

Front 2

Differnet types of projects

Back 2

Manufacturing projects,
Construction projects,
Management projects,
Research projects.

Front 3

Define project management

Back 3

A Process by which projects are defined, planned, monitored and delivered such that the agreed benefits are realised. projects bring about change and project management is recognised as the most effiecient way of managing such change.

Front 4

Disciplines of project management

Back 4

Integration management,
Cost management,
Communication management,
Scope management,
Quality management,
Risk management,
Time management,
HR management,
Procurement management.

Front 5

CQT triangle

Back 5

Cost, Quality, Time

Front 6

Fundamental measure of the project menager's success?

Back 6

The skill with which trade-offs between quality, cost and time are managed.

Front 7

Other key variables?

Back 7

Safety,
Sustainability,
Stakeholders

Front 8

Key risks that arise in all projects:

Back 8

Definition of a specific desired outcome from the project creates a failure risk,
Non-routine and one-off nature of project creates a high degree of uncertainty,
Long time scale and planning horizon of major projects make them subject to contingencies,
Complexity of projects,
Multiple stakeholders of projects creates a range of risks,
Projects typically have defined time, cost and quality targets,
Projects are often subject to changes to client spec and contracts over time.

Front 9

Risks in projects:

Back 9

People risks,
Resource constraints,
Product development and re-design,
Process and system development

Front 10

Checklist on assignment of risk ownership:

Back 10

Have owners been allocated to all the various parts of the complete risk process and have the future risks been catered for?,
Are the various roles and responsibilities associated with ownership well defined?,
Do the individuals who have been allocated ownership actually have authority?,
Have the various roles been communicated and understood?,
Are the nominated owners appropriate?,
Ind the event of change, can ownership be quickly and effectively reallocated?,
Are the differences between benefit and delivery risks understood?

Front 11

Contractor relationship

Back 11

An integrated project team approach is commonly used, bringng together multiple, integrated supply chains into one supply chain.

Front 12

Contract strategies?

Back 12

Full turnkey,
Partial turnkey,
Client-coordinated approach,
Management contracting.

Front 13

Project partnering?

Back 13

Joint ventures and consortia,
Private public partnerships,
Private financial initiative.

Front 14

Project pricing agreements?

Back 14

Fixed price agreement / lump sum contract
Fixed price but with provision for upward or downward revision