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Chat Transcript of Simplilearn Virtual class II on Project Risk Management

Thanks to one and all the participants for making the class a successful one. For all your refernce, we are posting here the transcript of the class. Krishna Kumar was the instructor of the session.

Welcome to your Virtual Class.

santhosh has joined the meeting.

Rob Candee has joined the meeting.

me: Hello All, Good evening!

me: We have few more minutes, before we start this class

Rob Candee: Good morning

santhosh: Good Evening everyone

Beverly Wilson has joined the meeting.

Beverly Wilson: Hello is anyone here?

me: Yes Beverly

me: We will wait for 3 more minutes and start

santhosh: ok

Beverly Wilson: ok

Rob Candee: OK, thanks

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Eduardo: yes

santhosh: yes

Beverly Wilson: yes

Rob Candee: Yes, although a bit choppy

Eduardo: thank you

Rob Candee: Still choppy, but I can understand!

santhosh: yes

Eduardo: yes

Rob Candee: Yes

Beverly Wilson: yes

santhosh: yes

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santhosh: delay in hardware delivery

Rob Candee: New resource of unknown skill turns out to be very capable, speeding progress/completion.

santhosh: it was not good risk

santhosh: Bad risks also known as threats

santhosh: yes

Beverly Wilson: yes

santhosh: yes

Eduardo: yes

Rob Candee: Yes

Rob Candee: (Thanks)

santhosh: Is this Impact is the value of activity?

santhosh: yes

Beverly Wilson: yes

Eduardo: yes

Attendee6: yes

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Rob Candee: Lost all sound here.

santhosh: yes

Eduardo: yes

Beverly Wilson: yes

Attendee6: Yes i CAN HEAR

me: Rob others can hear

me: Please logout and login again

Rob Candee: I’ll try reconnecting. Sorry!

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santhosh: yes

Eduardo: yes

Beverly Wilson: computer failure

Attendee6: uN SUITABLE SOFTWARE

santhosh: Missing Requirements

Attendee6: IS a tool

Attendee7 has left the meeting.

Attendee6: Prototype fails testing

santhosh: Can we classify the technical and Project Management categories under Internal?

Attendee6: Scope was not clear so estimating was done right

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Attendee6: Excuese me – Not right

santhosh: ok

Attendee6: La ck of experience

santhosh: internal

Beverly Wilson: planning

Attendee6: Project Management

santhosh: yes

Beverly Wilson: yes

Eduardo: yes

Attendee6: yes

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Attendee7 has left the meeting.

Eduardo: yes

Beverly Wilson: yes

Attendee6: yes

santhosh: yes

Beverly Wilson: no

Attendee6: no

santhosh: In finance we heard tis term

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Beverly Wilson: yes

Attendee6: yes

Eduardo: yes

santhosh: yes

Beverly Wilson: yes

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santhosh: expected overheads

Beverly Wilson: employee welfare

santhosh: yes

santhosh: just to keep a buffer

Attendee6: How do you quantify thet..?

Attendee6: Is there a PMi recommendation..?

santhosh: yes

Beverly Wilson: yes

Attendee6: After the execution of the project

santhosh: based on actual efforts

Eduardo: when the project is finished

Beverly Wilson: actual cost of resources and products

Attendee6: planned Vs actual

santhosh: yes

Attendee6: yes

santhosh: yes

santhosh: yes

Attendee6: yes

Beverly Wilson: yes

Eduardo: yes

santhosh: Is there any standards for rating?

santhosh: HOw we quantify the high prob risks?

santhosh: ok

Attendee6: It seems to be it relates to the planning phase..?

santhosh: Is there any standard methods for qualitative & quantitative risk analysis?

Attendee6: ALso the risk register

santhosh: ok

Beverly Wilson: Where will the templates be located?

Attendee6: WHere do you get the lesson on the SImplilearn web page

santhosh: Yes

Attendee6: Ok I will check

Beverly Wilson: I have gone through chapter 8

Beverly Wilson: ok

Attendee6: Thanks a lot!

santhosh: ok thank you very much

Beverly Wilson: thank you!

Eduardo: thanks a lot!!

me: Thnk you all!

Beverly Wilson has left the meeting.