Loch, C. H. (2005).The PCNet Project: Project risk management in an IT integration project. Product # Ins549-PDF-ENG. From HBR: https://hbsp.harvard.edu/tu/01d78d35 (Links to an external site.)
Examine the project management issues detailed in the case, including those concerning procurement, contracts, and risk management.
In no more than one page, give an overview of the case and the project management issues to be covered in more detail.
Discuss, in logical order, the following topics: (Note: You must determine the logical order of these topics; this is part of your grade. See the grading rubric in this week’s folder.)
Risk identification
Risk assessment and prioritization
Risk response for prevention
Mitigation or contingent actions
The fundamental conceptual steps PCNet used to respond to project risks
The strengths and weaknesses of the project risk management practices
Discuss why unforeseen problems are accumulating at the end of the case, in spite of efforts to contain them.
Discuss the impact of project work that is spread across different countries, and whether the result was worth the heavy investment required to implement the system.