Peril database, Project Management

Assignment Help:

PERIL Database 

The Project Experience Risk Information Library (PERIL) is a database, which provides a basis for the analysis of high-tech project risk. 

A project can have known risk, which appears frequently and can be easily analysed and the unknown risk, which  are unique and difficult to analyse. PERIL provides a template which acts as a framework for risk identification. 

The data 

PERIL cannot be considered as comprehensive as it  contains  very less number of projects taken on by the project managers. It does not include all the problems encountered by the projects present in it. 

  •   PERIL collects data which are self-reported. 
  •   PERIL represents few minor risks in it. 
  •   The collected risk information is typical to the projects included in it. 

The PERIL represents risk impact in terms of time. It consist both long term and short term projects, however, most of projects have duration between six month and one year. The typical staffing for some very large programs was between 10 and 25 people. Below table represents the geographic and raw project numbers in the PERIL database.  

Table: Sources of PERIL Data   

581_peril data.png


Related Discussions:- Peril database

Explain the methodology of sequencing the activities, Question 1 For a...

Question 1 For an event manager, organizing an AGM would be a relatively 'dry' affair as the elements of entertainment, decoration and catering are missing in this event (some

Quality Management BUS 401, Total Quality Management (TQM) is a business ma...

Total Quality Management (TQM) is a business management strategy aimed at embedding awareness of quality in all organizational processes. TQM has been widely used in manufacturing,

Search and remove modules, Seven process modules are placed on our model, a...

Seven process modules are placed on our model, and they represent the basic functions in the model. These process modules simulate important operations such as specifying wheel cha

Histograms, H i stograms Histograms show a visual summary of the data...

H i stograms Histograms show a visual summary of the data, which is simple to understand. Raw data is difficult to understand and a pictorial representation helps to understa

What if i need more money for my project, Q. What if I need more money? ...

Q. What if I need more money? The similar applies here as in Question 17. Though the options that are open will depend on how far the project has already advanced. In general t

Concept of values to an individual, An organisation's capacity to maintain ...

An organisation's capacity to maintain a sustainable competitive advantage depends largely on its core competencies as well as the ability to refine and enhance them in the context

Performance measurement - elements of tqm, Performance measurement: Pe...

Performance measurement: Performance measurement needs to be based upontimely measures of, and feedback on, performance. It provides information ontoday's service and gives an

Illustrate network diagrams and bar charts, Network diagrams and bar charts...

Network diagrams and bar charts have different parts to play within planning a project. Where each of such tools used is and what does this demonstrate? The network diagram dis

Process of taking disciplinary action, T, a member of the finance team, has...

T, a member of the finance team, has been constantly arriving late to work and in recent months he has consistently made significant errors in his work. A number of colleagues have

Project risk, Identifying Project Risk  Risk identification is a proces...

Identifying Project Risk  Risk identification is a process which determines the types of risks that have potential impact on a project. The risk identification is an ongoing pr

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd