Agile Risk Management: Running the Games (Part 1)

Mike Griffiths is a consultant and trainer who help organizations improve performance through shared leadership, agility and (un)common sense. He maintains the blog LeadingAnswers.com.

This is the third part in a series on agile risk management; Part 1 looked at the opportunities agile methods offer for proactive risk management, while Part 2 examined the benefits of engaging the whole team in risk management through collaborative games and cautioned us about groupthink. This article walks through those games and explains how to engage a team in the first three of the six risk management steps.

The PMI risk management lifecycle comprises of:

  1. Plan Risk Management
  2. Identify Risks
  3. Perform Qualitative Risk Analysis
  4. Perform Quantitative Risk Analysis
  5. Plan Risk Responses
  6. Control Risks

These phases can be addressed collaboratively via the following team exercises:

  • Plan Your Trip (Plan Risk Management)
    • 4Cs: Consider the Costs, Consequences, Context and Choices
    • Are we buying a Coffee, Couch, Car or a Condo? How much rigor is appropriate and what is the best approach?
    • Deposits and Bank Fees – understanding features and risks
  • Find Friends and Foes (Risk and Opportunity Identification)
    • Doomsday clock
    • Karma-day
    • Other risk identification forms (risk profiles, project risk lists, retrospectives, user story analysis, Waltzing with Bears - Top 5-10 for software)
  • Post Your Ad (Qualitative Risk Analysis)

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