Month: March 2015

The Project Health Scorecard Part 6: Risk

Professor of Project Management Project Execution and Monitoring , , , ,

Executing Monitoring and Controlling

Here is the suggested guidance for the status of the Project Risk Health:

Your Risk Health is Green if:

  • Issues and risks are documented in a central repository
  • Risks have triggers, mitigation and contingency plans for high-exposure and high-impact risks
  • Risks are reviewed on a regular basis by the project manager and risk/issue owners;

Your Risk Health is Yellow if:

  • Issues and risks are defined in a central repository but not reviewed on a regular basis by the project manager and risk/issue owners AND/OR…
  • Risks have no mitigation and contingency plans associated with the high-exposure items

Your Risk Health is Red if:

  • Issues and risks are not documented in a central repository
  • Risks are not formally managed.
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The Project Health Scorecard Part 5: Resources

Professor of Project Management Project Execution and Monitoring , , ,

Executing Monitoring and Controlling

Here is the suggested guidance for the status of the Project Resource Health:

Your Resource Health is Green if:

  • Stakeholders are attending required meetings
  • Resources are meeting their commitments
  • The team matches the skill-sets defined in the project roles matrix

Your Resource Health is Yellow if:

  • Stakeholders are not always attending required meetings, OR
  • Stakeholders are not always meeting their commitments, OR
  • Some parts of the team do not match the skill-sets defined in the project roles matrix.

Your Resource Health is Red if:

  • Stakeholders are not defined, OR
  • Stakeholders are consistently not attending required meetings, OR
  • Resources are not meeting their commitments, OR
  • Critical parts of the team do not match the skill-sets defined in the project roles matrix

The Project Health Scorecard Part 4: Value

Professor of Project Management Project Execution and Monitoring , , ,

Executing Monitoring and Controlling

Here is the suggested guidance for the status of the Project Value Health:

Your Value Health is Green if:

  • The business objectives are stated in the project charter
  • The business objectives are measurable
  • The value in the business case will still be achieved
  • There are no compromises from the original scope and schedule that affects the value of the solution.

Your Value Health is Yellow if:

  • The business objectives stated in the project charter may not be achieved
  • There are compromises (e.g. a smaller testing window) from the original scope and schedule that somewhat affect the value of the solution.

Your Value Health is Red if:

  • The business objectives stated in the project charter cannot be achieved
  • There are compromises (e.g. a smaller testing window) from the original scope and schedule that have a major affect on the value of the solution.

The Project Health Scorecard Part 3: Scope

Professor of Project Management Project Execution and Monitoring , , ,

Executing Monitoring and Controlling

Here is the suggested guidance for the status of the Project Scope Health:

Your Scope Health is Green if:

  • You have an approved Project Charter
  • Scope is defined
  • There is a defined scope change request process

Your Scope Health is Yellow if:

  • You have an approved Project Charter
  • Scope is defined but there are significant change requests pending Executive Sponsor review and approval

Your Scope Health is Red if:

  • Scope is not defined
  • OR scope is defined and there is no scope change process
  • OR the scope change process is not being followed.

The Project Health Scorecard Part 2: Budget

Professor of Project Management Project Execution and Monitoring , ,

Executing Monitoring and Controlling

Here is the suggested guidance for the status of the Project Budget Health:

Your Budget Health is Green if:

  • You have an approved budget
  • It is actively managed
  • The current forecast is within the approved budget

Your Budget Health is Yellow if:

  • You have an approved budget
  • The current forecast is greater than the approved budget but corrective action is defined and likely to resolve the problem.

Your Budget Health is Red if:

  • You don’t have a budget
  • OR you have a  budget and the forecast is greater than the current budgeted amount and corrective action is not possible