Due to an influx of spam in our forums we have disabled posting for guests. Guests can still read the forum, but you have to login in order to start or participate in a discussion.
Welcome, Guest
Do you need customer support or technical assistance? Click here to submit a support ticket...

TOPIC: Risks and competing project constraints

Risks and competing project constraints 5 years 8 months ago #2070

  • Gianni Pucciani
  • Gianni Pucciani's Avatar
  • Offline
  • Fresh Boarder
  • Posts: 5
  • Karma: 0
I just finished watching episode E01.36 on competing project constraints. Here 'risks' is considered a constraint, same as resources, quality etc...I think however that 'risks' can involve budget, quality or resources (it includes them rather than complement them). There can be a risk of delaying the release of the product, a risk of not satisfying certain quality requirements. Therefore, I am not comfortable with having the word 'risks' on the same level as the other ones.
In fact, in the podcast, risks was never considered when discussing some examples of competing constraints.
What do you think?

The administrator has disabled public write access.

Re:Risks and competing project constraints 5 years 8 months ago #2077

  • Cornelius Fichtner
  • Cornelius Fichtner's Avatar
  • Offline
  • Administrator
  • PrepCast Instructor
  • Posts: 1020
  • Thank you received: 167
  • Karma: 31

There is a simple rule: "The PMBOK Guide is always right". (At least until you pass the PMP Exam.)

So for now, please accept the fact that according to the PMBOK Guid, Risk are on exactly the same level as the other competing project constraints and for the PMP exam your opinion (thought I admit that it has merit) has to step aside. For the PMP exam: risk is equal to budget, scope, schedule and all the other constraints and not "included" in them as you say. And no matter how hard you argue... the PMBOK Guide's approach is what you will be tested on.

However, it's definitely something worth discussing outside of a PMP Exam preparation forum.

Also: If you review 01.36 again, you'll see that we have 2 slides on which we discuss risk and give a couple of examples. But I agree that we could give a few more risk-related examples. For instance, if you lower your budget you have to cut back on activities. Often, risk-related activities are the first to be impacted by this, leading to an overall increase in risk on your project. I've made a note of that.
Until Next Time,
Cornelius Fichtner, PMP, CSM
President, OSP International LLC
The administrator has disabled public write access.
Moderators: Yolanda Mabutas, Ahmed Amin, Scott Gillard, Michael DeCicco, Rahul Kakkar, Fernando Jr Sinlao Lim, Mary Kathrine Padua, Chris Preziotti, Lazard Toe, ITBMC, MPM, CIPM, PMP, ITIL, Christian Winter, Kevin Nason, Michael Sumaquial, PMP, Mark Wuenscher, PMP

Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®