 |
| | | |
|
Project Management Training Course Article
| Software Risk Evaluation And Offshore Risk Management |
| By: John Parker |
A risk can be defined as a problem that could cause some loss or threaten the success of of project. The potential risk factors may have an adverse impact on the cost, schedule, or technical success of the project. Thus, risk management is the process of identifying, determine and solve the potential problems before they can damage the project.
Offshore program and project management involves four critical activities:
1. Transition Management
2. Governance
3. Performance Management
4. Quality Management
Transition Management
The process of managing assets during a period of restructuring is defined as transition management. The role of the Transition Manager is to minimize the costs and risks thus ensuring that the process runs smoothly.
The real process starts when the contract is signed. Smooth transition management is the next issue to manage. Transition management is considered to be a critical success factor of offshore activities. Transition management is defined as the detailed knowledge of transfer and documentation of all relevant tasks, technologies and workflows The transition period is perhaps the most difficult stage of an offshore endeavor, taking anywhere from three months to a year to complete.
Transition management involves the following:
• Develop an initial transition plan (involving activities such as milestones, assets and benchmarks)
• Initiation of projects
• Internal procedures and processes
• Manage employees
• Document lessons learned to improve vendor management
Governance
after managing the issue of transition put the skills into practice by governing the offshore relationship – client management, third party contract. The approach focuses on the evolution of services provided, ongoing communication processes, and overall project management. Governance activities pertaining to areas of off shoring can make or break a project.
The Ongoing governance involves the following:
• Project management
• Relationship building and management –
• Risk management - describes the processes concerned with identifying, managing, and correction of outsourcing partnership risks.
Performance Management
As offshore outsourcing has become an important aspect for multiple business processes, the types and complexity of contracts and sourcing alliances are bound to explode. With organizations outsourcing almost every aspect of their operations, multiple vendors participating in sourcing deals, and activities occurring 24x7, it's a nonstop challenge to coordinate interactions, manage performance, monitor contract terms, track financial metrics, and maintain alignment.
Ongoing governance involves the following:
• Measures outsourcing effectiveness using appropriate metrics
• Implementing improvements and adjustments
• Evaluating feasibility of additional outsourcing
Quality Management
Quality is a huge concern with offshore outsourcing. Errors are more costly to fix and debugging becomes essential. A strict quality assurance and control program forms an integral part of every offshore delivery project.
Performance management aims at reviewing and continuous improvement of software development and business processes, validation and verification of work products and customized status reports.
About the Author
The author of this article is John Parker, A-1 Technology, Inc, an offshore outsourcing company. |
|
| Keywords: transition management, project management governance, overall project management, project management involves, project, management, project management, performance management, projects, project management |
Project Management News
Three Fannie Mae execs out, shares rally earlier
NEW YORK (Reuters) - Fannie Mae , the biggest U.S. mortgage finance company, on Wednesday announced a shake-up of top executives, including the exit of its chief financial officer, in an effort to better implement a plan to preserve capital and cut losses.
Starbucks top brass to receive no raise next year
NEW YORK (Reuters) - Top executives at Starbucks Corp including Chairman and Chief Executive Howard Schultz will not be getting raises anytime soon, after the coffee chain's first-ever quarterly loss as a public company.
American Media may refinance $570 million debt: report
(Reuters) - Struggling tabloid publisher American Media Inc has secured the backing of many of its creditors for a new bond offering to refinance $570 million in existing debt, the Wall Street Journal said.
Fed's Lockhart urges patience amid strained markets
ATLANTA (Reuters) - The Federal Reserve must be "very vigilant" amid strained financial markets while exercising patience over interest rates as it waits for inflation to ease, a top Fed policy-maker said on Wednesday.
Man accused in extortion scheme blames Blackstone
NEW YORK (Reuters) - A man accused of trying to extort millions of dollars from his son-in-law, an executive of the Blackstone Group LP, on Wednesday blamed the private equity firm for his "malicious" arrest and charges.
Helpful Project Management Training Course Links
Project Management Training by Business Management Consultants
World-wide specialists in organizational development, consulting and training in project management and development of project based companies ... field of project management methods, training and consulting ... global specialists in project management" with courses given ... also provided project management consulting services for ...
Project Management Training
Project Management Training. Train by Working 1-on-1 with a Certified Project Manager. Project Basics. Advanced skills. Articles. We work with you to design a class customized to meet the needs of your project managers.
Project Management Training
Computer Simulation Seminars delivering leadership development and management training that integrate business literacy, people/team leadership and management tools to increase productivity, quality and cost control. ... Bottom-Line Project Management Curriculum ... levels (from beginner to Multi-Project (Program) Management)...More ... and support. Each course gives process management tools, people (one ...
Project Auditors Project Management Training Course - Introduction to Project Management
Project Auditors - The core site for project management in Orange County ... follows the Intro course, the normal 3-day IT Project Management course can be covered in two days ... on investment of your company's project management training please e-mail us. ...
Project management training, templates and techniques
Project management resource site with hundreds of free articles, tools and templates plus E-learning certifications for all level of project management experience. ... Search the site. Project Management Training & Certification ... Your PMI certified Mentor guides you through your online course with personal coaching at every step ...
PROJECT MANAGEMENT TRAINING COURSE
... PROJECT MANAGEMENT. TRAINING COURSE. P ... You will learn the fundamentals of project management and how they can ...
project management training, online course, project management certification
... Project Management online certification training course provides a comprehensive education in project management ... basics of project management and includes preparation ...
Martin Training
Training organization, specializing in advancing and supporting project management skill development throughout the enterprise.
Project Management Course Online - free training
A free online project management training course with mini-lessons, PM cartoons and humor, monthly articles written by managers, practical tips, and glossary of project manager terms. ... The project managers' free online project management course site ... Project Alignment. Project Failure. Project Optimism. Project Planning. Certification. Training. Making a Movie ...
Project Management Course - Online
Learn how to manage projects. ... Web Design Training by IWA-HWG. Online Project Management Course. Take Project Management Course Online ...
|
|
