Abstract of Preparing Offers by Simone Hoferer

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About the Lecture

The lecture Abstract of Preparing Offers by Simone Hoferer is from the course Risk Management (RM): Preparing Offers. It contains the following chapters:

  • Introduction
  • What is risk management?
  • The risk management process
  • Risk management plan/ identification
  • Assessment & Evaluation
  • Controlling & Monitoring
  • SMART

Included Quiz Questions

  1. Big differences may occur in e.g. legal system, culture, language, mentality, import and export regulations.
  2. Mostly the language or the currency, sometimes we have to get used to left-hand traffic.
  3. Sometimes we cannot read the foreign characters on street signs.
  4. Foreign countries are just further away. Therefore, one just has to take care about the various time zones.
  1. Before it is onset
  2. Before sunset
  3. After its onset
  4. When it arises
  1. Risk management planning, identification, assessment & evaluation, action planning, controlling & monitoring and communication
  2. Risk management planning, identification, assessment & evaluation, action planning and controlling & mobilization
  3. Risk management planning, innovation, assessment & evaluation, action planning, controlling & monitoring and coordination
  4. Risk management planning, action planning, controlling & monitoring and communication
  1. is an iterative process, which is to be conducted repeatedly during the course of a project.
  2. is an iterative process, which is only to be conducted at defined milestones.
  3. is an iterative process, which is to be conducted only by the project manager.
  4. is a process, which is only to be conducted at the start and the end of a project.
  1. New: unfamiliar, unknown = possibility of lack of knowledge, skill or practise
  2. Indistinct: who, what, where, how, deadline? = information gaps
  3. Extra: non-standard, extraordinary = more effort regarding costs, time and development
  4. Complex: multilayered, difficult, multi = correlations, technical, parties involved
  5. Small: dimension, quantity, quality = distance
  1. to identify opportunities as well as potential dangers or risks.
  2. to focus on dangers and problems.
  3. to be adventurous and to be willing to takes risks and to ignore potential dangers.
  4. to include every potential danger and even the smallest risk into consideration and to budget in the quote.
  1. to include all budget and project relevant risks in the offer.
  2. that the core measures, risks and chances have been communicated to your team, your seniors, sales, customer & supplier.
  3. that all performances, scope of works, demands, duties, responsibilities and conditions are described clear and specific.
  4. that the risk assessment has been fully documented. Further steps are not required in this stage.
  1. Your action plan
  2. The monitoring
  3. Your experience
  4. The evaluation
  5. Your common sense

Author of lecture Abstract of Preparing Offers

 Simone Hoferer

Simone Hoferer


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Excerpts from the accompanying material

  • ... abstract part 1: preparing offers Successful identification & precaution ...

  • ... interior and furniture designer ...

  • ... professional for professionals Several years of experience in: Project management, supervisor and quoting ...

  • ... international projects. >>> to know the stages of risk management and how to apply them. ...

  • ... abstract 9 indicator for potential dangers ...

  • ... and internationality becomes more and more understood and common. However, we are ...

  • ... thinking > Religion & code of ethics > Socialization & behaviour > Customs, habit & norms > Legal system => sometimes missing ...

  • ... danger + chance Uncertainity in outcome future ...

  • ... abstract Correlation of risk and project ...

  • ... time, to solve a problem, is ...

  • ... 1. RM-design 2. Identification (I) 3. Assessment& Evaluation (A) 4. Action Planning ...

  • ... basic design of RM is defined in the RM-plan: General process; Risk categories; Project categories ...

  • ... use lessons learned c)Research d)Inteview experts (inside & outside the company ) ...

  • ... unkonwn = possibility of lack of knowledge, skill or practise. Indistinct: who? what? deadline? where? how? ...

  • ... potential risk in regard of ist likelyhood and consequences in form of costs and days c)Overall risk assessment: evaluation of a) and b) ...

  • ... 1 Tropical climate with high humidity Technical equipment not designed for Expensive repair, false data 2 Tight time schedule Unforeseen events cannot be ...

  • ... your previous list and add collumns as shown: 24 No risk P in % Cost in EUR Value at risk ...

  • ... Are they easy to get under control or preventable? Are they rather fears or real risks? Whicht questions didn´t we ask? ...

  • ... or exclude cause Reduce probability or scope of impact Transfer to third parties: customer, insurance, ...

  • ... position Not identified chances Accept and enjoy Identified opprotunities Overall opprotunities exploit Keep/ ...

  • ... of action steps during quoting stage: a)Define and exclude b)Insure and prevent c)Allow ...

  • ... Document your action plan, emergency and backup plan & schedule. Communicate the core measures, risks and chances to your team, your ...

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