There are several distinct categories of project management tools and techniques which seem to prevail on almost every type of project undertaken. In my book "Project Risk Management: A Practical Implementation Approach" I identify nine categories of PM tools and techniques (i.e., Scheduling, Estimating, Cost/Schedule Control, Risk Management, Quality, Requirements Management, Communications, Human Resource Management, and Supplier Management). Within these categories, there are options which have differing degrees of cost-effectiveness which I display (for several of these categories) using “bubble” charts. The most appropriate tools and techniques to be considered (especially when attempting to “do more with less”) are usually those options which are considered "best practices" for the types of projects conducted. My contention is that new, more advanced (and typically more effective) tools and techniques have evolved over time to address the various causes of unsuccessful project execution on past projects (refer to my last posting on that subject), and I suspect that further advancements (i.e., more effective tools and techniques) will be conceived over time. I believe that there is a direct relationship between the project profile and the best practices which should be employed to reduce risk and thus enhance the project team's ability to succeed. The set of project profile attributes which I believe are most germane to determining the best practices to employ are provided within my book.
The objective of this series of posts is to provide insights into the breadth of Holistic Project Risk Management, especially as it relates to satisfying an organization’s objective to “Do More with Less” – which, if done well will improve the organization’s business success. The plan is to provide 2 posts per week over the course of 10 weeks. Thus, there will be time in between topics to comment and/or reach out to the author for clarification or further requests. Past posts will be assembled and stored on the Build2Scale.net website for future reference.
My text book “Project Risk Management: A Practical Implementation Approach” can be purchased via the following link: