MP4PM: business case review - Risk Assessment

Hi Thilo,

thanks for your comment. I see your point (like Rami's); please refer to my answer i have given to Rami's posting.

The intention was NOT to kickoff a complete risk management process at this point BUT to initiate collecting risks and to assess them where possible.

If you will see when the map is online, the risk sassessment branch within this map will have several levels.
The first level is just naming the risk or give them a title.
Of course it is possible to stop this part right here and go on with it at a later stage.
The great thing with the mind map and especially with the so called "map parts" is, that you could easily transfer them to other maps (to risk management in this case for instance).
And this feature supports the developing character of the project management processes in a great way.

But i am open to change this to a plain risk list at this stage when the majority of you likes that more.

Regards,

Markus

I agree with Rami and Thilo. The risks listed in the business case are meant to support the decision: do the benefits outweight the costs and the risks?

The decision makers have a specific risk appetite and threshold that need to be met.

Hi Markus,

I would include this level of details under Risk Analysis but not the business case as again it is very high level and if too much information is mentioned there, it loses its essence as a business case.

Those are my 2 cents.

Cheers,
RK

Hi Markus,

got your point and I like it. Using the map parts is actually a really neat idea. You just show the more detailed levels, which are hidden as a default setting, and fill them as it makes sense at the time. Probably takes some discipline, though if this is a team effort. Lots of opportunities to lose focus...

Hi Stephane,

thanks for your input here; i am tending to a shorter list of attributes here meanwhile. What do you think about the suggestion by Vincent?

Regards,

Markus

Hi Rami,

thanks again and your 2 cents are very important to me!

What do you think about the shortage of the list by Vincent? Any additions/comments on that one?

Regards,

Markus

Hi Thilo,

absolutely correct! You can check the online version (beta) now (see posting above with the link).

I have left the risk assessment branch as it was from the beginning so you can see it and play around a little bit.
I do absolutley agree with you about the needed discipline and the risk of loosing focus.

So meanwhile i am tending to a change of the list here what may look like the suggestion by Vincent earlier in this thread.
What do you think about this?

Regards,

Markus

@ Rami, @ Stéphane:

Agree with you that the business case is not the place for a detailed risk analysis but should only contain high level information about risks as the BC section about risk is meant to provide information used for making decisions. Now mentally putting myself in the place of the guy who's making such decisions I'd like to know about the top 5 risks (based on risk impact and probability) and the respective risk response strategy (high level, w/o action plan) as these would be part of the assumptions the business case and the cost/benefit analysis is based on.
What's your view on this?

Best,

Thilo