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The stakeholders (anyone who has an invested interest in the project at hand) should be included to raise potential threats or hazards and allow for the project manager to establish contingency plans in the planning phase.

Good communication and planning can create effective contingency plans via holding a meeting with key stakeholders. Thus, when a calculated risk occurs the contingency plan is ready to implement immediately.

If a crisis were to occur from unforeseen threats or risks such as a force of Mother Nature, then this would be dealt with by a crisis management team collated from select managers of project operations and the project manager. Crisis management slightly differs from risk management and has its own set of contingency planning stages (to be incorporated into a project manager's plans).

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Who are the people involved in project development in software project management?

clients technical staff the management end users technical writers.


Is risk management used before or after a problem occurs?

Risk Management planning is included in the Project Planning phase, and Risk Management is applied during the project, it can be preemptive (contingency management) to prevent the problem from occurring or reactive when the problem happens.Short answer is both.


What is management reserve in project management?

First of all let me answer what is a reserve. A reserve is either set aside time or money for a "rainy day". There are two main types of reserve contingency and management reserve. You get your contingency reserve from analysing what can go wrong and if it dose how much time or money you may need. As a project manager you have authority on those funds. Management reserve is money set a side by senior management for the project in case something goes wrong that the project simply could not make plans for e.g. natural disasters. The project manager dose not have authority over these funds and have to request it from management. Differences Contingency reserve .............................. Management Reserve ===============............................. =============== for risk you can plan for .........................For Events no one can predict Controlled by project Manager.............. Controller by Senior management These topic and more are covered in PMP and CAPM training


What is the relationship between systems development process and IT project management?

The IT project management is on top of the systems development process and its absence in the systems development process will results to wastage of resources.


What development project management plan process?

what process related components do you need to consider for the project management plan

Related Questions

Who are the people involved in project development in software project management?

clients technical staff the management end users technical writers.


Is risk management used before or after a problem occurs?

Risk Management planning is included in the Project Planning phase, and Risk Management is applied during the project, it can be preemptive (contingency management) to prevent the problem from occurring or reactive when the problem happens.Short answer is both.


What is management reserve in project management?

First of all let me answer what is a reserve. A reserve is either set aside time or money for a "rainy day". There are two main types of reserve contingency and management reserve. You get your contingency reserve from analysing what can go wrong and if it dose how much time or money you may need. As a project manager you have authority on those funds. Management reserve is money set a side by senior management for the project in case something goes wrong that the project simply could not make plans for e.g. natural disasters. The project manager dose not have authority over these funds and have to request it from management. Differences Contingency reserve .............................. Management Reserve ===============............................. =============== for risk you can plan for .........................For Events no one can predict Controlled by project Manager.............. Controller by Senior management These topic and more are covered in PMP and CAPM training


What is the relationship between systems development process and IT project management?

The IT project management is on top of the systems development process and its absence in the systems development process will results to wastage of resources.


Project on disaster contingency plan. where can i get it from?

Disaster contingency plan


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