Instructional design/WBT risks/Lesson Conclusion
Instructional Design: Homepage > Identifying WBT Risks > Risky Business > Step 1: Identify > Your Turn - Risk Identification > Step 2: Prioritize > Your Turn - Risk Prioritization > Step 3: Mitigate > Your Turn - Risk Mitigation > The Risk Plan > Lesson Conclusion
Congratulations
[edit | edit source]Congratulations! You have completed this lesson. In this lesson, you learned and practiced applying the three steps for risk planning. You should now be able to create a risk plan for your next WBT project and increase the likelihood of delivering the final product on time, on budget, and within scope.
Summary
[edit | edit source]- The three steps in the risk planning process are: identify potential projects risks, prioritize project risks, and mitigate project risks.
- The output of the risk planning process is the risk plan.
- The development team and other key stakeholders identify all potential projects risks via a brainstorming session.
- Project risks should be specific and focused on events that could prevent the development team from accomplishing a project objective.
- The development team ranks each project risk based on the probability of it occurring and its potential impact on the project.
- Once probability and impact rankings are assigned, calculate the priority of each risk by multiplying its probability by its impact.
- To mitigate a risk, the development team may decide to alter the project plan, add additional tasks, or plan for risks.
References
[edit | edit source]Gray, C.F. & Larson, E.W. (2008). Project Management: The Managerial Process (4th ed.). New York: McGraw-Hill Irwin.
Shackelford, B. (2002). Project Managing E-Learning. Virginia: American Society for Training & Development (ASTD) Press.
Stellman, A. & Greene, J. (2006). Applied Software Project Management. California: O'Reilly Media, Inc.
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