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8/3/2019 Innovative Business Solutions RM
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Innovative Business Solutions
Risk Management
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Environmental Enterprise Factors
IBS Stake holders (SANI) is very flexible and supportive in dealing
with Risk at any level or phase of project.
SANI always show participative behavior with maximum
involvement in the issues or problems.
Each and every possible help is carried out by defined IBS SOPs
The tolerance of the execution depend upon the nature of theproblem and its proposed solution
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IBS Process Assets
IBS defined strategic planning tools
Creative, innovative thinking Group people of defined project team
Collaboration and integration take place between differentdepartments
Previous similar projects outcomes, obstacles are reviewed and
taken in special consideration
IBS defined standard and Policies in dealing with risks and issues
are covered under IBS SOP documents and IBS standard code of
implementation
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Methods & Approach in Managing Risk
IBS Risk Management standards are based on ISO31000.
IBS focused on coordinated and economical application ofresources to minimize, monitor, and control the probability and/orimpact of unfortunate events
IBS has defined method of managing risk i.e. contingency planning,making use of existing assets, PM metrics (STCQ),PM risk analysissoftware etc
IBS work on approaches like incorporating stake holder perceptionsof risk into corporate risk management strategies
IBS is currently working on Catastrophe Approach of managing risk
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IBS Risk Identification in Budgeting
Risk Significance Level
Exceeding allocated Capital High 5
Real Estate value rise High 5
Negotiation to Owner Fail Moderate 3
Rise in Contractor fees High 5
Rise in Construction Material pricing High 5
Machine failure High 4
Transportation expense Moderate 3.5
Rise in Labor Hour rate High 5
Shortage of Material High 5
Air conditioning failure Moderate 3
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Risk Significance Level
Rain will affect badly the Walls Moderate 3
Improper drainage system Moderate-High 4.5
Rise in installation expense High 5
Less Experienced labor recruited Moderate 5
Rise in demand of labor High 5
Delay of working Moderate 4
Un favorable situation Moderate 4
Labor Strike High 5
Safety Measures High 4.5
Making parallel Application High 4.7
Undefined methods of procedures High 5
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Risk Significance Level
Extra involvement of Government Low 1
Misunderstanding b/w team Moderate-High 4.5
Different style of working Moderate 5
Risk in selection criteria High 5
Diverse knowledge level Moderate to High 5
Autocratic decision Making High 4.7
Highly Complex approach High 5
Improper defined Scope High 5
Un revised HR policies Moderate 3.8
Untimely resource allocation Moderate to High 4.6
System N/W failure High 4.5
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Risk Significance Level
Power Failure High 5
Cable Cutting faults Moderate-High 4.6
DB installation Moderate 3.8
Random Error Arrival Moderate 4.5
Complex design & Development Methods Moderate to High 5
Sudden Telecom N/W down Low-Moderate 3.5
S/W Compatibility issue Moderate 4.6
Increase demand of customer High 5
Competitor Position Moderate to High 4.5
Crashing project activities Moderate to High 4.6
Scheduling and Budgeting Inefficiency High 5
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Risk ConsiderationRisk Area/Activity Effect on SCTQ
Exceeding allocated Capital Finance Cost , Scope
Real Estate value rise Construction Cost
Negotiation to Owner Fail Purchasing Flats Cost
Rise in Contractor fees Purchasing Flats Cost
Rise in Construction Material pricing Construction Cost
Machine failure Construction Cost, Time
Transportation expense Construction
renovation
Cost
Rise in Labor Hour rate Construction Cost , Time
Shortage of Material Services,
Construction
Cost Time
Air conditioning failure Renovation Cost
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Risk Area/Activity Effect on SCTQ
Rain will affect badly the Walls Renovation Cost Quality
Improper drainage system Renovation Cost Quality
Rise in installation expense Safety Measures Cost
Less Experienced labor recruited Construction Time Quality
Scope Cost
Rise in demand of labor Construction Cost
Delay of working Renovation,
Construction,
Services
Time Scope
Un favorable situation All Time Scope
Labor Strike Construction Time Cost
Safety Measures Production,
Construction
Cost
Making parallel Application Deliverables SCTQ
Undefined methods of procedures IBS Plan SCTQ
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Risk Area/ Activity Effect on SCTQ
Extra involvement of Government IBS Charter ---
Misunderstanding b/w team Project LifeCycle
SCTQ
Different style of working Project Life SCTQ
Risk in selection criteria HR Time Quality
Cost
Diverse knowledge level Project Execution Time QualityScope
Autocratic decision Making Project Life
Cycle
Time Scope
Quality
Highly Complex approach Production SCTQ
Improper defined Scope Project Life SCTQ
Un revised HR policies HR Quality
Untimely resource allocation Execution Time Cost
System N/W failure Deployment Time Quality
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Risk Area/ Activity Effect on SCTQ
Power Failure Development,
maintenance
Time quality
Cable Cutting faults Maintenance Time Cost
DB installation Deployment Time quality
Random Error Arrival Development
Testing
Time Quality
Complex design & Development Methods Project Life SCTQ
Sudden Telecom N/W down Deployment Time Quality
S/W Compatibility issue Deployment Quality Time
Increase demand of customer Acceptance SCTQ
Competitor Position General SCTQ
Crashing project activities Execution,
Planning
Time quality
Cost
Scheduling and Budgeting Inefficiency IBS MP SCTQ
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IBS Risk ResponsibilitiesRisk Area/Activity Prioritization Responsibility
Exceeding allocated
Capital
Finance 1 Sr. Finance Manager
Real Estate value rise Construction 1 Sr. Secretary of IBS
Negotiation to Owner
Fail
Purchasing
Flats
2 Sr. Secretary of IBS
Rise in Contractor
fees
Purchasing
Flats
2 Sr. Finance Manager
Rise in Construction
Material pricing
Construction 1 Sr. HR and Finance
Manager
Machine failure Construction 1 HR Manager
Transportation
expense
Construction
renovation
3 HR and Finance
Manager
Rise in Labor Hour
rate
Construction 1 HR Manager
Shortage of Material Services,
Construction
1 HR and Finance
Manager
Air conditioning
failure
Renovation 4 HR Manager
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Risk Area/Activity Responsibility Priority
Rain will affect badly the
Walls
Renovation Maintenance
staff
4
Improper drainage system Renovation Maintenance 2
Rise in installation expense Safety Measures Finance and IT 2
Less Experienced labor
recruited
Construction HR 1
Rise in demand of labor Construction HR 1
Delay of working Renovation,
Construction, Services
HR 1
Un favorable situation All All 1
Labor Strike Construction HR 2
Safety Measures Production,
Construction
IT, Development 3
Making parallel
Application
Deliverables PM 2
Undefined methods of
procedures
IBS Plan Project Manager 1
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Risk Area/
Activity
Responsibility Priority
Extra involvement of
Government
IBS Charter Stake Holders 5
Misunderstanding b/w team Project LifeCycle Project manager, Team Lead 2
Different style of working Project Life Project Manager 1
Risk in selection criteria HR Sr. Hr Manager 2
Diverse knowledge level Project
Execution
Project Manager 2
Autocratic decision Making Project Life
Cycle
Project Manager 1
Highly Complex approach Production Project Team 1
Improper defined Scope Project Life Project Team 1
Un revised HR policies HR Sr. HR Manager 3
Untimely resource allocation Execution HR Manager 2
System N/W failure Deployment Maintenance Support 3
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Risk Area/ Activity Responsibility Priority
Power Failure Development,
maintenance
Support Maintenance 1
Cable Cutting faults Maintenance Support Maintenance 2
DB installation Deployment Deplorer 3
Random Error Arrival Development
Testing
Tester 2
Complex design &
Development Methods
Project Life Project Manager 1
Sudden Telecom N/W down Deployment Support 2
S/W Compatibility issue Deployment Deployment 1
Increase demand of customer Acceptance S &M Manager 1
Competitor Position General S&M Manager 1
Crashing project activities Execution,
Planning
Project Manager 1
Scheduling and Budgeting
Inefficiency
IBS MP Project Team 1
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IBS Risks StrategyRisk Area/Activity Strategy
Exceeding allocated Capital Finance Decrease demand , Increase
revenues
Real Estate value rise Construction Stick to reasonable possible Value
Negotiation to Owner Fail Purchasing Flats Try another Owner
Rise in Contractor fees Purchasing Flats Negotiate on reasonable fee
Rise in Construction Material
pricing
Construction Un handled
Machine failure Construction Make backup machinery work
Transportation expense Construction renovation Un handled
Rise in Labor Hour rate Construction Proper channeled Negotiations
Shortage of Material Services, Construction Keep stock of material
Air conditioning failure Renovation Make use of Guarantee card or
reasonable servicing
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Risk Area/Activity Strategy
Rain will affect badly the Walls and
blinds
Renovation Use Plastic blinds and water
proof Paint
Improper drainage system Renovation Reconsider the architect design
and immediate action
Rise in installation expense Safety Measures Bargaining, reduce unnecessary
services charges
Less Experienced labor recruited Construction Carefully hired labor
Rise in demand of labor Construction Calming down with acceptance
of reasonable demand
Delay of working Renovation,
Construction, Services
Keep strong check
Un favorable situation All Take extra time to face
Labor Strike Construction Negotiate and accept some points
Safety Measures Production, Construction Acquire and ensure safety
measures
Making parallel Application Deliverables Make 1 obj. with multiple
deliverables
Undefined methods of procedures IBS Plan Work on IBS defined method
history learned
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Risk Area/ Activity Strategy
Extra involvement of Government IBS Charter ------
Misunderstanding b/w team Project Life
Cycle
Do conflict Management
Different style of working Project Life Align each and every styled o/p
Risk in selection criteria HR Make tough selection criteria
Diverse knowledge level Project Execution Organize training workshops
Autocratic decision Making Project Life
Cycle
Make participative DM
Highly Complex approach Production Apply and encourage simple
approach
Improper defined Scope Project Life Try to clear objective and level of
working
Un revised HR policies HR Revised the old HR policies
Untimely resource allocation Execution Make use of Pert chart
System N/W failure Deployment Make backup N/W Plan
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Risk Area/ Activity Strategy
Power Failure Development,
maintenance
Use stand by generator or batteries
Cable Cutting faults Maintenance Keep spare cable duringdeployment
DB installation Deployment Use Licensed S/W and Suite
Random Error Arrival Development Testing Keep on testing the code at every
stage
Complex design & DevelopmentMethods Project Life Use simple approach and AgileMethod
Sudden Telecom N/W down Deployment Wait complain then shift
S/W Compatibility issue Deployment Check compatibility of systems
before deployment
Increase demand of customer Acceptance Do customer surveys, analysis
Competitor Position General Look at their steps and strategies
Crashing project activities Execution, Planning Do proper planning and consider
each parameter
Scheduling and Budgeting Inefficiency IBS MP Apply Pert chart and PDM
properly