Your company and a competing company have created a teaming agreement for an opportunity. Through this team agreement you and your competitor can complete a major program for a client. This is, technically, a risk response for both organizations. What type of risk response are you dealing with in this instance?
In this scenario, your company and a competing company have come together to form a teaming agreement to handle a major program for a client. This collaboration indicates that both organizations are sharing the risks, resources, responsibilities, and rewards of the project. Therefore, this risk response is best categorized as 'Sharing'.
A project manager in your program has estimated the cost of a program to be $145,000. As the project manager's project comes close to completion, the project manager realizes that he has still $27,876 left in his project budget. He decides to add some additional features to the project's deliverables in an effort to use the remaining budget. These additions will add value to the project and the project customer is likely to enjoy these new features. This is an example of what term?
The term 'gold plating' refers to the practice of adding extra features or enhancements to a project deliverable that were not originally specified in the project scope. In this scenario, the project manager is attempting to use the remaining budget to add new features that were not initially part of the project's agreed-upon scope. Though the intent is to add value, this practice can lead to scope creep and should be managed carefully to ensure it aligns with the project's objectives and requirements.
Andy is the program manager of the HQN Program. This program is nearing its completion and there is still $25,000 left in the program budget. Andy has asked the program team to identify some extra deliverables that can be included in the program scope to improve the program deliverable but also to use all of the funds in the budget. What term is assigned to the actions that Andy is trying to do in this instance?
Gold plating is the action of adding extra features or deliverables to a project that were not initially included in the project scope, often using leftover budget or resources. Although it might seem beneficial, it is generally discouraged because it can lead to scope creep, increased costs, and potential project risks. Andy's decision to use all the remaining funds by adding extra deliverables fits the description of gold plating.
What analysis type could you use in a program to compare the positive stakeholders and their position, power, and influence over your program to the same variable components of the negative stakeholders in your program?
Stakeholder analysis involves assessing the interests, influence, and potential impact of various stakeholders on a project or program. By comparing the position, power, and influence of positive and negative stakeholders, you can develop strategies to manage relationships and engage stakeholders effectively. This helps identify key stakeholders, understand their positions, and assess their level of support or opposition, thereby mitigating potential risks.
You are the program manager of the BHG Program. One of the projects in your program will be using new materials that are somewhat untested. You are worried that there may be delays and waste because the project team is unaware of how to accurately use these materials. You elect to send the people that will be using the new materials through training on how to complete their project work. You also allow them to purchase some of the materials to experiment on their use before the actual project work is to be done. You want to ensure that mistakes do not enter into the project. What type of action have you provided in this scenario?
This is an example of a preventive action. A preventive action is taken to proactively avoid potential issues or problems before they occur. In this scenario, by providing training and allowing experimentation with the new materials, you are taking steps to prevent potential delays and waste, and ensuring that mistakes do not enter into the project.