Copyright 2014 Beyond20, LLC, All Rights Reserved Risk Management: Small Habits in Risk Planning That Drive Tremendous Project Value Erika Flora, PMP,

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Presentation transcript:

Copyright 2014 Beyond20, LLC, All Rights Reserved Risk Management: Small Habits in Risk Planning That Drive Tremendous Project Value Erika Flora, PMP, PgMP, ITIL Expert Consulting | Training | Assessment (866) toll-free

Copyright 2014 Beyond20, LLC, All Rights Reserved Agenda Introduction The importance of risk management 5 habits in risk planning Q&A

Copyright 2014 Beyond20, LLC, All Rights Reserved Introduction Erika Flora, PMP, PgMP, ITIL Expert ▫Principal, Beyond20 ▫itSMF and PMI board member and speaker ▫Led multiple ITSM projects Beyond20 ▫ITSM / Project Management training, assessment, consulting, and implementation ▫PMI Global Registered Education Provider ▫APMG Accredited Training Organization (ATO)

Copyright 2014 Beyond20, LLC, All Rights Reserved The Importance of Risk Management

Copyright 2014 Beyond20, LLC, All Rights Reserved What is Risk Management? Keeping a list of risks? Discussing risks at project kick-off? A systematic process of identifying, analyzing, and responding to project risks

Copyright 2014 Beyond20, LLC, All Rights Reserved Risk Management Activities

Copyright 2014 Beyond20, LLC, All Rights Reserved Why should you care? A strong risk management process can decrease problems on a project by as much as 80 or 90%. - ExecutiveBrief (August 2009) “A little risk management saves a lot of fan cleaning.” - Anonymous

Copyright 2014 Beyond20, LLC, All Rights Reserved 5 Habits in Risk Planning

Copyright 2014 Beyond20, LLC, All Rights Reserved # 1: Use Simple Tools

Copyright 2014 Beyond20, LLC, All Rights Reserved Simple Games Getting Teams Unstuck: Using Games to Promote Creativity and Solve Problems

Copyright 2014 Beyond20, LLC, All Rights Reserved # 2: Create IF THEN Statements IF BY THEN

Copyright 2014 Beyond20, LLC, All Rights Reserved # 3: Analyze Each Risk Risk Event Number (REN) = Probability x Impact Scale: 0 – 35 (low risk) 36 – 64 (medium risk) 65 – 100 (high risk)

Copyright 2014 Beyond20, LLC, All Rights Reserved # 4: Plan Risk Responses For the risks with the highest REN number, identify the risk response(s) Assign ownership

Copyright 2014 Beyond20, LLC, All Rights Reserved # 5: Monitor, Control, and Report Regularly update the Risk Register

Copyright 2014 Beyond20, LLC, All Rights Reserved Questions? Erika Flora: (866) office (602) LinkedIn: YouTube:

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