September 28 & 29, 2020 | Virtual
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Covid-19 is not a risk. Rather it is a trigger or source for potentially multiple risks. For example, if your sponsor goes into self-isolation this may impact the ability to get key decisions made in a timely manner.
Interesting your question
Thanks for sharing
I don't know what you mean when you write BAU. Can you explain to me what this is about?
A few days ago I shared a proposal by Ricardo Vargas to analyze the impact of COVID-19 on our projects
It is a source of several risks.
Should the situation of COVID 19 be addressed at the Project level or at the Corporate level?
Thanks for clarifying the concept associated with BAU
Dear Sante, Covid 19 like any infectious disease which can influence daily life, projects, supply chains and BAU is an outside influence credible enough to be added to a risk registry. Depending on where a project’s life cycle currently is, progressive elaborating the impact is a necessity for success.
I fully agree with @Kiron here. If we suppose that each environmental situation that could happend will be a risk then the project will be created the list of risk only. Thinks like this happend in the past, near past not to much years ago. The key point here is something mostly forgotten: which is the way of thinking and behave you, as project manager, push to be installed into your organization? Reactive or Proactive?
Whatever we want to call it, it's happening. Business continuity and mitigation plans are active.
But no, it was not on the risk register, though, isn't the zombie apocalypse always on there :)
I am agreeing with Kiron and Sergio. What I am experiencing are the effects triggered by Covid-19. Supply chain issues, short staff, customers self isolating and delaying non-emergency work. Each of theses is there own risk factor, however Covid had triggered them all at the same time, which in the future, will need to be a higher consideration. Lack of preparedness on he part of the customers for this event is quite puzzling as well.
According to PMBOK, risk can be defined as an uncertain event or condition that results in a positive or negative effect on a project's objectives. Whereas, an issue can be defined as an event or condition that has already happened and has impacted or currently impacting the project objectives.
COVID-19 is already happening, thus should be considered an issue. However, the fact that there are many unknown things about it (for instance, we have no idea how long it will take to go back to BAU), makes it fall also in the risk category.
That being said, I have not updated the risks and issues logs, I shall do it promptly. Thanks for the reminder, Sante ;-)
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