Right-Size Your Project Risk Investment
Avoid malinvestment in your approach to project risk.
RETIRED CONTENT
Please note that the content on this page is retired. This content is not maintained and may contain information or links that are out of date.Most organizations don’t have any formality around project risk.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.
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.
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: | |
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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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