Program/Project Manager and project team member very often are in doubt in accepting the project cost contingency stated in project cost report done by project cost control/analyst, they thought that project cost contingency is only a cost control team gut fell without considering current project risk, conditions and situations. Project team member is very seldom being involved in calculating the project cost contingency; project cost control/analyst thought that other project team member has their own role in the project and none of the business in cost matters. Some of Project Cost Control/Analysis’s products were push backed by project team and many of them were ignored. This could be a project’s catastrophic where the control system is un-trusted by project team, the project will have no early warning system for the project team.
Project Risk Analysis
Risk and changes from the plan is a nature to the project, it occurred during each stage in the project since initiation until project completion, revisiting the risk analysis and recognizing the change over the project time is a must. Risk identification could be initiated by all team members from the top level until the worker level, sensitivity to the risk awareness mostly driven by the people experience. It is almost impossible that one person could recognize and identity all the risk and changes, that is why other people or expert is require to give the input on risk and changes.
Expert judgment on risk identification could be gathered from those who directly involved and experienced in certain activity. Delphi Technique is one of the approaches that could drive the various judgments into one single team consensus. All team members have an equal judgment score without seeing the organizational hierarchy and top down influence, team member will positively contribute and be honored when they are being involved in. The team consensus result is part of their contribution to the process and mostly it will consistently be followed.
Will be Continues….to part 2