Writing a statement of work (SOW) is an arduous task, and many projects were failed because of too vague, broad or generic SOW. The failure to properly develop and execute a statement of work is also the reason why project parties end up in a dispute. Let’s try to understand what SOW means and how to develop it properly.
In Part I, three basic responsibilities of the risk management team have been listed and described. In Part II, the rest two responsibilities will be outlined.
A risk management team (workgroup) is a separate and often independent unit within the project management team headed by the risk manager or the chief risk officer. It helps place a value on the project’s activities (such as procuring, communicating, controlling quality, staffing etc.), works out strategies to mitigate identified risks, applies risk management methodologies and risk analysis tools, and integrates insurance policies of treating prioritized threats with the project management team. The primary responsibility of the workgroup is to ensure that the project is provided with a complete risk management information system that ultimately determines how to control and oversee the project’s effectiveness and fulfillment. The team also approves risk management policies and defines their framework.
If during the implementation of your project the team gets stuck with lots of unproductive conflicts and unsolved problems, you can try to follow a general list of team management recommendations. If you haven’t yet found a solution, you can get your team together at a meeting to clarify and agree on the basic rules of teamwork that will govern the team’s behavior. By establishing such rules, you gain more chances to achieve greater team effectiveness and strengthen group collaboration. Read top 4 teamwork tips that you must take into account for building and managing your team.
Have you ever faced the situation when your project was going swimmingly well but then suddenly, for some unknown reasons, you have found yourself out of budget, behind the schedule, and with no idea of what to do next? Such a situation is caused by incorrect project management, which means you have made some critical mistakes when initiating, planning and/or executing project activities. Here’s a 6-step guide that will tell you how to fight incorrect project management. The guide will show you what to do when your project goes wrong.
Business Success through Project Risk Management
December 22, 2011
Balancing as the Key to Team Leadership Success
November 3, 2011
Project Governance as a Linkage Mechanism
March 3, 2011
Stating Project Quality Policy
November 18, 2010
