I just entered coronavirus in my risk registry because it is a separate and unique risk to my projects. It impacts the availability/capacity of resources over and above things like BAU. Saving Changes...
Thanks, Thomas. As he said in the video, right now, the coronavirus is a reality, so it is not a risk. But as he also said, it was once an uncertainty. His definition of risk is "an uncertainty that matters". The coronavirus certainly was once an uncertainty that mattered. In other words, it was a risk once (uncertain), but now it isn't (certain). Further, he also states that issues that arise from the coronavirus bring about other risks. So in my view, it was a risk before it became certain, then wasn't a risk for a brief moment when it became certain, but then brought about many other risks the moment it did become certain. Therefore, the coronavirus was a risk, had a very brief reprieve, but has been wrapped in the cloak of risk ever since.
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1 reply by Peter Rapin
Apr 28, 2020 9:38 AM
Peter Rapin
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This can be more complex than initially thought. The pandemic, now that it has come about and is an issue, will have a number of consequences: 1) lead to new risks such as working from home which would not have been considered earlier, 2) the impact on other risk events both in terms of probability and impact such as the risk of staff absenteeism both in terms of key individuals and in total due to illness and/or death, and 3) the available mitigation measures such as increasing resources.
I would expect that as a result of the pandemic one has to re-visit the entire risk management program and recalculate the probability of occurrence, impact on the project and possible response to existing and new risk events.
Saving Changes...
chin fan soProgram Manager| Galaxy EntertainmentTaipa, Macao
Mar 13, 2020 5:16 PM
Replying to Kiron Bondale
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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.
Kiron
I agreed. But before we recongnize what risk is going to generate by Corona virus, should we input it in the registry first?
And if some risk started to reveal, should we still keep it in the risk registry?
I've never use a risk registry template that will have a risk generate another risk, would anyone mind to share his/her? Saving Changes...
Peter RapinSubject Matter Expect; Project Delivery| Independent ConsultantOntario, Canada
Apr 27, 2020 3:21 PM
Replying to Sante Delle-Vergini, PhD
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Thanks, Thomas. As he said in the video, right now, the coronavirus is a reality, so it is not a risk. But as he also said, it was once an uncertainty. His definition of risk is "an uncertainty that matters". The coronavirus certainly was once an uncertainty that mattered. In other words, it was a risk once (uncertain), but now it isn't (certain). Further, he also states that issues that arise from the coronavirus bring about other risks. So in my view, it was a risk before it became certain, then wasn't a risk for a brief moment when it became certain, but then brought about many other risks the moment it did become certain. Therefore, the coronavirus was a risk, had a very brief reprieve, but has been wrapped in the cloak of risk ever since.
This can be more complex than initially thought. The pandemic, now that it has come about and is an issue, will have a number of consequences: 1) lead to new risks such as working from home which would not have been considered earlier, 2) the impact on other risk events both in terms of probability and impact such as the risk of staff absenteeism both in terms of key individuals and in total due to illness and/or death, and 3) the available mitigation measures such as increasing resources.
I would expect that as a result of the pandemic one has to re-visit the entire risk management program and recalculate the probability of occurrence, impact on the project and possible response to existing and new risk events.
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1 reply by Sante Delle-Vergini, PhD
Apr 28, 2020 4:09 PM
Sante Delle-Vergini, PhD
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Yes, the risks that keep on giving.
Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
COVID-19 itself is not an issue or risk on my project. Stakeholders' COVID-19 resolution plans, however, are issues and risks on my project. For example, my infrastructure supplier has enacted a production brownout (reduced deployments to production) which created risks and issues for my project. Saving Changes...
I do not have Covid-19 as a risk per-se, but there are a number of risks that are triggered by the situation which I have added to my project risk registers. Saving Changes...
This can be more complex than initially thought. The pandemic, now that it has come about and is an issue, will have a number of consequences: 1) lead to new risks such as working from home which would not have been considered earlier, 2) the impact on other risk events both in terms of probability and impact such as the risk of staff absenteeism both in terms of key individuals and in total due to illness and/or death, and 3) the available mitigation measures such as increasing resources.
I would expect that as a result of the pandemic one has to re-visit the entire risk management program and recalculate the probability of occurrence, impact on the project and possible response to existing and new risk events.
Yes, the risks that keep on giving. Saving Changes...
Ed PelicCurrently not working only volunteering at PMI-HVC| PMI-HVCNorthville, Mi, United States
I wouldn't enter Coronavirus as a risk factor before the fact .. just as I won't enter a metor striking the data center as a risk. A pandemic and a metor strike are both risks but outside of what would normally be considered during a project (low probability of occurance). Once a pandemic is in progress it would be appropriate to list ancillary risks (key people out sick, supply chain disruption) as project risks to be managed. Saving Changes...
Luis Branco Covid-19 risks should be addressed at both corporate and project levels, since at the corporate level a general risks list could be stated; and at at project level, there would be some specific risks related to Covid-19 that affect that project particularly. Saving Changes...
Words matter. In particular, it matters how risks are articulated in your risk register. Putting a token word into the register is unhelpful, because it creates all kinds of semi-academic discussion of what the risk is about and whether it is a risk at all.
The same applies to COVID-19. No matter what is the trigger, try to follow the "Cause-event-outcome" scheme in articulating the risk, and see how ambiguities magically disappear. For example,
"Because of COVID-19 pandemic and consequent shortage of human resources in production, there is risk that the key supplier will delay work for 3 months and claim force majeure, leading to 3 months delay to the project completion date and increased costs due to need to manage the projects for the longer period, without possibility to claim LDs".
You can have a bunch of this, because COVID-19 used to be a cause of many issues and risks, some of them in effect four years after the outbreak.
