Integrated Project Management

Preparation for Risk Analysis

At the final Gantt chart meeting, the project manager begins the explanation of risk analysis. To prepare the action items for the next meeting, each task leader must search out information that determines what the longest time requirement (worst case) for his or her task might be, and what the likelihood of the task overrunning at all might be. (Note that these are two separate items. The worst case may occur very rarely—perhaps less than 1 percent of the time a task of this type is undertaken. The likelihood of the task overrunning at all was initially considered when the task times were estimated. It could be up to 40 percent.) The project leader asks team members to reconsider these estimates, state them in terms ...