We knew that every simple
or complex project has a certain amount of risks in it. To manage projects
successfully, people require knowing what those common risks are and being able
to deal with them effectively. So, we’ve analyzed some of the general project
management risks that might occur during project implementation are listed
below.
General kinds of project management risks
Factor of estimating time and risks
One of the key things
about implementing a successful project is professionally estimating time and
risks correctly. But every project of website and mobile app is somewhat different;
it’s not always possible to come up with exact estimations correctly.
Varied Change of requirements
Due to market competitiveness
clients might sometimes change their vision of how their product or specific features
in it should look like. Even though it’s difficult to be prepared for change of
requirements, they are one of the things that you require to consider.
Unexpected circumstances
Just like any other humans,
project managers and developers are also humans. For instance, if some of them
get ill-health, it could delay the project for an indefinite period of time.
Without any vivid specifications
Due to incorrect project
initiation, specifications might not always be vivid or complete enough for
developers to begin their part of the work.
Avoiding design
In order to save time, most
of the developers tend to avoid design processes. So that decision primarily throws
them back, since design plays one of the most important aspects about
development. One should give top priority for this aspect.
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It is known that skilled
project managers are invaluable to complex businesses, project-based processes where
they could efficiently complete with the help by teams of workers. The project
managers can oversee the individual tasks that move a project toward
completion, so its major success or failure depends largely on the project
manager’s competency.
Skill Set required for Project Manager
Math, analysis and Delegation
Organization and Coordination
Technical ability and Communication
Flexibility and Assertiveness
Confidence and Extroversion
Risk tolerance and Composure, especially under pressure
Quality Decisiveness
Key Reasons in having a
Project manager increases the likelihood of successful and profitable nature
Offers complete vision and direction
The project manager specifically
identifies the aims of the project and gives it proper direction. They are
responsible for all communication between stakeholders, customers and the
project team, which altogether decreases confusion.
Actively Increase efficiency
He works with the project
team to define the tasks which require to be undertaken in order to complete
the project, and in specific order they should occur. They guarantee that they
are completed in effective manner.
Factor of Control scope
The scope of the project defines
what has to be delivered and what work has to be done to deliver the project
deliverables. Most importantly the project manager will continually address
scope management throughout the life cycle of the project by intensified monitoring
and controlling. So eventually it would turn saves effort and cost.
Control of Manage costs
It is noted that delivering
on time and within budget are two key constraints of any project. The project
manager professionally controls not only monetary costs but also the people
resources, both internal and external, and the entire equipment costs as well.
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