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3:30pm

Risk Management is Too Important for Project Managers: Mike Griffiths
    Thursday August 16, 2012 3:30pm - 5:00pm @ Ft. Worth 1-2
    This workshop introduces an integrated set of collaborative team games for the entire risk management process. It starts by explaining the significance of risk management on projects by reviewing research statistics on the billions of dollars wasted annually on projects that fail due to poor risk management. Having established the importance of risk management a set of 8 new team based tools for agile risk management are introduced. By deliberately moving risk management from a project management activity to a team activity we dramatically increase the collective knowledge, visibility and in-depth insights into the issues and solutions for project risks. Through collaborative games each of the 6 PMI Risk Management steps are recreated as highly visual, team based activities that then create risk avoidance and risk mitigation stories for the product backlog 1. **Plan Your Trip** – (Risk Management Planning) a. 4Cs - Consider the Context, Costs, Consequences and Choices b. Deposits and Bank Fees – understanding features and risks 2. **Find Friends and Foes** – (Risk and Opportunity Identification) a. Doomsday clock, b. Karma-day c. Other risk identification forms (risk profiles, project risk lists, retrospectives, user story analysis, Waltzing with Bears - Top 5-10 for software) 3. **Post Your Ad** – (Qualitative Risk Analysis) a. Investors and Help Wanted – classification and visualization of opps and risks b. Tug of War – project categorization 4. **Today’s Forecast** - (Quantitative Risk Analysis) a. Dragons Den – next best dollar spent b. Battle Bots - simulations 5. **Backlog Injector** – (Risk Response Planning) a. Junction Function – choose the risk response path b. Dollar Balance – Risk / Opp EVM to ROI comparison c. Report Card - Customer/Product owner engagement d. Inoculator – inject risk avoidance/mitigation and opportunity stories into backlog 6. **Risk Radar** – (Risk Monitoring and Control) a. Risk Burn Down Graphs - Tracking and monitoring b. Risk Retrospectives - Evaluating the effectiveness of the risk management plan c. Rinse and Repeat - Updating risk management artifacts, revisiting process These techniques overcome many of the correct-but-not-sufficient aspects of traditional risk management: * Poor engagement - dry, boring, academic, done by PM, does not drive enough change * Done once – typically near the start, when we know least about the project * Not revisited enough – often “parked” off to one side and not reviewed again * Not integrated into project lifecycle – poor tools for task integration * Not engaging, poor visibility – few stakeholders regularly review the project risks Why so visual? Visual representation helps engage the left and right hemi-spheres of the brain. They allow us to tap into our spatial awareness / memory to avoid forgetting about risks and are the reason today’s military use visual tokens to represented enemy forces, despite having access to sophisticated tools. The impacts of forgetting about them can be fatal. The same goes for project risks.

    Speakers

    Type Enterprise Agile
    Session Type Workshop
    Audience Practicing
 

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