risk management: small habits in risk planning that drive tremendous project value

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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 [email protected] Consulting | Training | Assessment (866) 856-3117 toll-free

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Risk Management: Small Habits in Risk Planning That Drive Tremendous Project Value. Erika Flora, PMP, PgMP , ITIL Expert [email protected] Consulting | Training | Assessment (866) 856-3117 toll-free. Agenda. Introduction The importance of risk management - PowerPoint PPT Presentation

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Page 1: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

Risk Management: Small Habits in Risk Planning That Drive

Tremendous Project Value

Erika Flora, PMP, PgMP, ITIL [email protected] | Training | Assessment(866) 856-3117 toll-free

Page 2: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

Agenda•Introduction•The importance of risk management•5 habits in risk planning•Q&A

Page 3: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

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)

Page 4: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

The Importance of Risk Management

Page 5: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

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

Page 6: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

Risk Management Activities

Page 7: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

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

Page 8: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

5 Habits in Risk Planning

Page 9: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

# 1: Use Simple Tools

Page 10: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

Simple Games

•Getting Teams Unstuck: Using Games to Promote Creativity and Solve Problemshttp://www.beyond20.com/blog

Page 11: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

# 2: Create IF THEN Statements

IF <event> BY <date> THEN <consequence>

Page 12: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

# 3: Analyze Each RiskRisk Event Number (REN) =

Probability x Impact

•Scale: 0 – 35 (low risk)36 – 64 (medium risk)65 – 100 (high risk)

Page 13: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

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

Page 14: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

# 5: Monitor, Control, and Report•Regularly update the Risk Register

Page 15: Risk Management:  Small Habits in Risk Planning That Drive Tremendous Project Value

Copyright 2014 Beyond20, LLC, All Rights Reserved

Questions?Erika Flora: [email protected] (866) 856-3117 office(602) 405-7441 cell

Twitter: @erikaflora @beyond20LinkedIn: http://www.linkedin.com/in/eflora YouTube:

http://www.youtube.com/user/Beyond20LLC