Right-Size Your Project Risk Investment
Avoid malinvestment in your approach to project risk.
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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.
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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 NowModule 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: | |
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| 1.1 | Set expectations on risk management. |
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| 1.2 | Current state analysis of risk. |
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| 1.3 | Identify alternative risk approaches. |
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| 1.4 | Create risk classification categories. |
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| 1.5 | Create risk event categories. |
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| 1.6 | Harvest a list of historic risk events. |
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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. |
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| 2.2 | Create a process risk SOP. |
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| 2.3 | Create a business risk SOP. |
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| 2.4 | Create a change risk SOP. |
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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. |
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| 3.2 | Create a change management plan. |
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| 3.3 | Develop a project risk management plan. |
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