Agile Risk Management: Running the Games (Part 2)

Mike Griffiths is an experienced project manager, author and consultant who works for PMI as a subject matter expert. Before joining PMI, Mike consulted and managed innovation and technology projects throughout Europe, North and South America for 30+ years. He was co-lead for the PMBOK Guide—Seventh Edition, lead for the Agile Practice Guide, and contributor to the PMI-ACP and PMP exam content outlines. Outside of PMI, Mike maintains the websites www.LeadingAnswers.com about leading teams and www.PMillustrated.com, which teaches project management for visual learners.

  Agile   Risk Management  

This is the last article in a series on agile risk management. The first looked at the opportunities agile methods offer for proactive risk management, while the second examined the benefits of engaging the whole team in risk management through collaborative games. Our last installment, (Part 1 of our two-part “Running the Games”) walked through the first three games covering:

• Risk management planning
• Risk Identification
• Qualitative Risk Analysis

This month we look at the final three sets of collaborative team activities that cover:

• Quantitative Risk Analysis
• Risk Response Planning (and Doing!)
• Monitoring and Controlling Risks

The exercises we will examine are

• Today’s Forecast -- Quantitative Risk Analysis
  • Dragons’ Den -- next best dollar spent
  • Battle Bots -- simulations
• Backlog Injector -- Plan Risk Responses
  • Junction Function -- choose the risk response path
  • Dollar Balance -- Risk/Opportunity EVM to ROI comparison
  • Report Card -- Customer/Product owner engagement
  • Inoculator -- inject risk avoidance/mitigation and opportunity stories into backlog
• Risk Radar -- Monitoring and Controlling Risks
  • Risk Burn Down Graphs -- Tracking and monitoring
  • Risk Retrospectives -- Evaluating …

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