3.1 Differentiate Between Projects and BAU Flashcards
Are projects risk aware or averse ?
Aware
Is BAU is risk aware of averse ?
Averse
If BAU activities are generally low risk what about project ?
Projects carry more risk and may require extensive risk management
What are BAU activities in relation to risks ?
Generally low risk
Why would project require extensive risk management and how does this affect project in relation to risks ?
Because project are something new that have never been done before
Therefore they are open to new and unknown risks
Why is BAU generally aware of potential risks?
Because BAU work is a repetitive process where they are generally aware of potential risks.
Why do project carry a higher degree of uncertainty and complexity and how does this relate risk associated with projects ?
Because they are temporary endeavours
Risk associated with projects are more difficult to manage
What are types of risk associated with projects ?
Schedule or scope risks
What are the characteristics of risks associated with BAU ?
Predictable and manageable
Types of BAU risks ?
Compliance and operational risks
What are the differences between projects and BAU?
Risks
Timeframe
Teams
In relation to timeframe what do projects have ?
Projects have a specific start and end date and temporary
What is the aim of projects and within what ?
The aim to achieve particular objectives within a variable time frame
How long can a projects duration last and dependant on what ?
A project duration can last from a week to several years depending on the scope and complexity
What are BAU activities in relation to timescales ?
BAU activities are ongoing , continuous and do not have a fixed endpoint
When is comes to BAU what is not fixed ?
The endpoint
What does BAU form in an organisation and why is it necessary ?
BAU form the foundation of an organisation day to day operations and is necessary for stability and consistency.
What is BAU necessary for ?
Stability and consistency
When is a project time frame defined ?
A project timeframe is defined in the planning during the definition phase
What is a project time frame based on ?
Resource availability , the projects scopes and desired outcomes
Because BAU is a repetitive process what does it have and why is it designed like that ?
BAU is a repetitive process and has well established processes and procedures
Designed to ensure tasks are completed accurately and consistently
BAU processess and procedures are designed to ensure task are completed ?
Accurately and consistently
A project team is ?
Dynamic
what type of team does BAU have ?
Stable