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What are the MFC disciplines? Explain them. [Risk management, Readiness management and project management] Risk Management: It takes care of both proactive and continuous risk assessment. Risks for any system are regularly assessed, mitigation strategies are prepared until they don’t exist anymore or it has already occurred. Risk that has occurred is no more a risk. It becomes an issue. MSF gives certain steps to plan, create and execute mitigation strategies.
They are:
- Identify the risk
- Analyze the risk to prioritize them
- Plan a schedule based on the priority
- Track what is done to manage the risk didn't harm anything else and the risk has been taken care of. This status should be reported to the stakeholders from time to time.
- Risk controlling strategy.
- Note the lessons learnt from the risks that have been found out or even the ones which have become issues.
Readiness Management: It is a measure of current state versus the desired state. It is to track how much have we progressed over the period of time.
It is a 4 step process in case of big projects
- Define
- Assess
- Change
- Evaluate
In case, of small projects, it’s enough to assess the skills and then make changes while training.
Project Management: This helps is ensuring that the product gets delivered within project constraints like the time frame, budget etc. In MSF the responsibilities of the project manager are enclosed in project manager role cluster.
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