#AmazingPM, project management, Project Online, PS+

Project Raising Slow Ride – Risks, Mitigation, and Simulation

In our last installment of “Project Raise Slow Ride,” Mike began planning the whole thing out in Microsoft Project, with PS+ overlaying even more functionality to the already robust capabilities of Project.

One of the biggest pieces in planning a big project is the risk assessment. Once you determine what the potential risks are, you need to figure out how to mitigate them. In our latest video, Mike discusses some of the risks of raising the boat out of the water, and how to mitigate those risks. In the case of raising Slow Ride, electrical shock is a very real consideration, so Mike talks about some of the specific measures he’s taking to ensure nobody gets hurt.

Another risk of raising the boat is that, when Mike pumps the water out of the boat, the boat could roll over in the water, which, because Slow Ride is a pretty big boat, would be disastrous.

slow ride simMike runs a highly detailed (and really cool) simulation of how he thinks the boat sank, and then simulates the pumping process to see how the boat is likely to behave once the water is being pumped out of it. Once Mike has projected how he thinks the boat will move when the water is being pumped out of it, he’s able to mitigate the risk of the boat rolling over  in the real world with measures that will stabilize it as he pumps.

Thorough and specific planning for the likeliest risks in any given project is essential, and knowing exactly how you’re going to minimize or address those risks is critical to the success of the overall project.

Will all this planning help Mike get Slow Ride out of the water? Keep watching to find out!

Though attention has shifted to Puerto Rico’s damage from Hurricane Maria, folks in Texas and Florida are also still in the recovery process from this brutal hurricane season. Here are some resources if you’d like to help.

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