Right-Size Your Project Risk Investment

Avoid malinvestment in your approach to project risk.

Onsite Workshop

Most organizations don’t have any formality around project risk.

  • You’re consistently missing the mark on project risk. Issues are appearing that you didn’t predict.
  • You haven’t had a lot of time in the past to address a formal approach to project risk because of other demands on your time.
  • A full-blown PMBOK approach to risk is too much for most of your projects.

An honest analysis about standardizing a right-sized approach is what’s needed.

  • Some is better than nothing. Avoid the all-or-nothing mindset – it’s not PMBOK or bust. Even modest investments in risk will provide a return.
  • Don’t re-invent the wheel. Learn from and record current and historical risk events so lessons learned can easily be embedded into future projects.
  • Get a curator – assign someone to own the risk topic and make it their job to keep a relevant menu of risks.

Module 1: Assess the Current State of Risk

The Purpose

Assess the current state of your current project risk practices.

Key Benefits Achieved

  • Your gaps between current state and target state identified.

Activities: Outputs:
1.1 Set expectations on risk management.
  • Defined risk model
1.2 Current state analysis of risk.
  • Current state assessment
1.3 Identify alternative risk approaches.
1.4 Create risk classification categories.
  • Risk classification categories
1.5 Create risk event categories.
1.6 Harvest a list of historic risk events.
  • A detailed list of risk categories and past risk events

Module 2: Create a Project Risk Standard Operating Procedure (SOP)

The Purpose

Create a right-sized project risk management SOP.

Key Benefits Achieved

  • A consistent procedure for assessing and managing project risk

Activities: Outputs:
2.1 Create a contextual risk SOP.
  • Contextual risk SOP
2.2 Create a process risk SOP.
  • Process risk SOP
2.3 Create a business risk SOP.
  • Business risk SOP
2.4 Create a change risk SOP.
  • Change risk SOP

Module 3: Create a Risk Management Implementation Plan

The Purpose

Implement your project risk SOP.

Key Benefits Achieved

  • Implementation timeline

Activities: Outputs:
3.1 Perform a change impact assessment.
  • Change impact assessment
3.2 Create a change management plan.
  • Change management plan
3.3 Develop a project risk management plan.
  • Project risk management plan

Workshop icon Book Your Workshop

Onsite Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn’t enough, we offer low-cost onsite delivery of our Project Workshops. We take you through every phase of your project and ensure that you have a road map in place to complete your project successfully.

Book a Workshop View Blueprint
Visit our COVID-19 Resource Center and our Cost Management Center
Over 100 analysts waiting to take your call right now: 1-519-432-3550 x2019
GET HELP
Contact Us