DeVry University - Proj 420 Week 2 Discussion 2. The Initiation Step (graded)
The goal of the initiation step is to identify the project objectives. This
... [Show More] is a different view from
what has been accepted practice in risk management. Why do you think this is a better
approach?
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(an instructor response)
Collapse Mark as ReadHi Class - initiation step Discussion Professor Moretti Email this
Author 3/7/2015 7:25:26 AM
The goal of the initiation step is to identify the project objectives. This is a different view from
what has been accepted practice in risk management. Why do you think this is a better
approach?
Collapse Mark as ReadRE: Hi Class - initiation step Discussion Lacresha Frazier
Email this Author 3/8/2015 10:39:04 AM
Modified:3/8/2015 10:40 AM
I tend to agree with our text, though identification has over time been looked at as the first step
that in actuality initiation should be considered the first importance step in the risk management
process. It would be difficult to identify all said risk without having identified the project objective
which is used to set specific perimeters in relation to budget, time constraint, quality, and
performance. Another key factor in the initiation process is establishing the key stakeholders
who are important to the project in order to keep down confusion as to who is in charge at what
point int he project process.
(an instructor response)
Collapse Mark as ReadHi Class - initiation step Discussion Professor Moretti Email this
Author 3/8/2015 5:37:16 PM
Hi Lacresha:
Very good point! Thanks for getting this conversation going this week.
OLM
Collapse Mark as ReadRE: Hi Class - initiation step Discussion Toni Jones Email this
Author 3/8/2015 8:52:31 PM
Hi Professor and Lacresha,
I agree with you Lacresha, the way our text explains the reason for the change makes more
sense to identify the objective. When the stakeholders can clearly identify all the objectives for
a project and agree on those objectives the task of finding the risk can be more focus. This
way with clear objectives being listed the stakeholders can set the importance of each and how
much risk is acceptable to reach the scope of the project. I also see that when everyone that
has authority to make changes are at agreement from the start of the project less scope
changes will be made that will increase the budget or conflict with main objective.
Collapse Mark as ReadRE: Hi Class - initiation step Discussion Jacob Dobie Email
this Author 3/9/2015 3:29:30 PM
I like to think of project management as some sort of an art form due to a couple factors. The
first factor is that you need to initiate the project correctly so that the stakeholders know what
they are spending money on. You need to make sure they understand what the "plan" is for lack
of a better word. As we all know the plan will most likely change during the course of the project
but you have to make sure the stakeholders are all onboard and know what the important facts
are. Ultimately the stakeholders can make or break your project so you have to make sure they
are happy. You also have to make sure the people doing the work are happy as well. This is why
I say that PM is an art form because you have to bridge the gap between the stakeholders and
the people doing the work and keep both party's happy.
Collapse Mark as ReadRE: Hi Class - initiation step Discussion Evan Rafanello Email
this Author 3/11/2015 4:38:47 PM
I agree with all the above comments. I think having a project scope in the beginning is the first
step in developing and analyzing risk factors for a project.
Recently, I have received a RFQ for a project with my company. It turns out the initial
information did not list a full project scope. The costing department had began working to pull
pricing together before we had an answer from the customer. When the customer finally
provided a full project scope it turned out that they needed their products refrigerated.
Our plant is not currently set up with a refrigeration unit. This immediately became a risk factor
with this project. Working on pricing for a unit vs the revenue for the project, it became
unfeasible to get the refrigeration.
This is the main reason that project scope's are so important as a first step. We had lost time
and effort pulling information for a project that was too risky financially to do at our facility.
Collapse Mark as ReadRE: Hi Class - initiation step Discussion Christopher Strong
Email this Author 3/11/2015 10:42:05 PM
Evan,
Like you said, that is a great example of why needing to know the scope of a project is so
important. If you do not have the specifics about a project and you meet with the customer and [Show Less]