Instructional design/WBT risks/Lesson Conclusion

Instructional Design: Homepage > Identifying WBT Risks > Risky Business > Step 1: Identify > Your Turn - Risk Identification > Step 2: Prioritize > Your Turn - Risk Prioritization > Step 3: Mitigate > Your Turn - Risk Mitigation > The Risk Plan > Lesson Conclusion

Congratulations edit

Congratulations! You have completed this lesson. In this lesson, you learned and practiced applying the three steps for risk planning. You should now be able to create a risk plan for your next WBT project and increase the likelihood of delivering the final product on time, on budget, and within scope.

Summary edit

  • The three steps in the risk planning process are: identify potential projects risks, prioritize project risks, and mitigate project risks.
  • The output of the risk planning process is the risk plan.
  • The development team and other key stakeholders identify all potential projects risks via a brainstorming session.
  • Project risks should be specific and focused on events that could prevent the development team from accomplishing a project objective.
  • The development team ranks each project risk based on the probability of it occurring and its potential impact on the project.
  • Once probability and impact rankings are assigned, calculate the priority of each risk by multiplying its probability by its impact.
  • To mitigate a risk, the development team may decide to alter the project plan, add additional tasks, or plan for risks.

References edit

Gray, C.F. & Larson, E.W. (2008). Project Management: The Managerial Process (4th ed.). New York: McGraw-Hill Irwin.

Shackelford, B. (2002). Project Managing E-Learning. Virginia: American Society for Training & Development (ASTD) Press.

Stellman, A. & Greene, J. (2006). Applied Software Project Management. California: O'Reilly Media, Inc.

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