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Showing posts with label Risk Responses. Show all posts
Showing posts with label Risk Responses. Show all posts

Monday, February 20, 2012

Risk Management – The Overlooked First Process of Project Planning - Part 5 of 6

In Part 3, “The Missing Something”, I recommended holding an initial Risk Workshop at the beginning of the project.
Risk Workshops provide early identification of risks.  The workshop is conducted as a brainstorming facilitated meeting with a Facilitator and note taker.  The Kickoff Workshop should be conducted with representatives from all affected groups – from Senior Management to workers (Vice Presidents, Directors, CIO, line managers, solution specialists, production supervisors, etc.).  The reason for having such a broad group is to ensure that the project risks and environment are articulated from across the organization.  The discussion in such a disparate group will awaken awareness and possibly bring forward risks which may have been overlooked.
For example, I held a Kickoff Risk Workshop at the Headquarters of a major shipping company.  The scope involved an overhaul of worldwide shipping activities by replacing and updating processes and the infrastructure needed to achieve the goals.  Participants included C-level executives as well as operations and technical managers – all were subject matter experts in their areas of expertise.  During a roundtable discussion, I asked what the impact would be if this project didn’t work or was not delivered on time.  The CIO answered “I will lose my job” – an unexpected answer but one that focused all participants.
The activities of a Risk Workshop are
·        Identify the Risks
·        Quantify and prioritize the risks
·        Develop risk responses
·        Assign Actions and Owners
·        Establish Periodic Reviews