Paper and Presentation: Using data you (probably) already have to predict program risks
Abstract: The traditional way to manage risks on projects calls for the project team to (1) identify risks, (2) log them, (3) analyze them to determine their likelihood and impact to the project, and (4) formulate the appropriate responses. In this presentation, I will attempt to show a better approach to addressing steps 3 and 4. I will show how we can apply the binomial distribution function to data collected and correctly categorized in a risk & issue database to predict which risks are likely to occur, and subsequently, how to setup appropriate contingency using normal distribution functions (or where sample sizes are too small, unified scheduling method or estimation by analogy). I will also show some important applications of these concepts including using calculated project risk scores to determine project “riskiness” and how to apply appropriate management based on this.
PMI Talent Triangle: Technical Project Management (Ways of Working)
Biography: Nana Kwame led DC Water’s IT Project Management Office, with responsibility of transforming DC Water’s IT PPM function from an ad-hoc, individual effort-based operation into an agile, team-oriented organization working to deliver measurable benefits to the company. This PMO deployed several award winning and innovative projects that have significantly improved DC Water’s bottom line. The PMO won the Project Management Institute’s prestigious PMO of the year award for 2020.
In his previous role with Acentia, he served as a Senior Project Manager responsible for managing day-today operations and enhancement requests for the US Department of Labor’s e-Procurement system. Kwame ensured that the system was smoothly retired once the replacement system was stood up and was in full use.
Before joining Acentia in 2012, Kwame served as a Senior Manager for the US Department of Labor’s Office of Public Affairs where he helped setup the IT PMO and successfully managed several IT projects for the Department.
Kwame is a frequent speaker and presenter at several project and portfolio management events where he focuses on how PMOs can deliver value to organizations by focusing on processes (and key metrics) that help organizations realize project and portfolio benefits as part of the strategic planning process.
Kwame holds a master’s degree in project management from George Washington University, and a bachelor’s degree in information systems management from Strayer University.