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1
Project Management Model
in
Risky Environment
Gryphon SOU
School of Graduate Studies
Asia International Open University
Macau Special Administrative Region, People’s Republic of China
GryphonSou@AIOU.edu
Abstract
Project Management in risky environment is not an easy job. It requires a project
manager to possess multi-skills of Risk Management. Management tools facilitate the
decision-making of a project manager. However, selection of appropriate tools
requires the project manager’s mastery of those tools. Risk Management Model is
built on the processes of some best risk management practices. It enables a project
manager to discharge his or her responsibilities effectively. Then, the assets of the
organization will not be placed at risk in the course of Project Management.
Keywords: DIFFUSED; MAP ART; Project Manager; Risk Management Model;
Risk Response Control.
1 Introduction
With reference to the Guide to the PMBOK
2000 Edition published by the Project Management
Institute, the definition of a ‘Project’ is a temporary endeavor undertaken to create a unique product or
service. PMBOK
is known as Project Management Body of Knowledge. During the last decade, the
body of knowledge of Project Management was significantly widened. This Paper reviews the
development of project tools as well as introduces the idea of Risk Response Control viz. MAP ART
and a Risk Management Model viz. DIFFUSED.
2 Development of Project Management Tools
In the history of Project Management, many different tools have been developing to cope with the risky
environment. Taking software project management as an example, SW-CMM
(Software Capability
Maturity Model) was developed in 1991 by the Software Engineering Institute of Carnegie Mellon
University. SW-CMM
was funded by the United States of Defense which was particularly vigilant in
risky environment. SW-CMM
provides a road map for software development organizations on
process improvement in the software development projects.
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