Project Management

Please login or join to subscribe to this thread

What do you think is the best way to identify risks in a project?

linkedin twitter facebook   Work Breakdown Structures (WBS)  
avatar
Eduin Fernando Valdes Alvarado Project Manager| F y F Fabricamos Futuro Villavicencio, Meta, Colombia
What do you think is the best way to identify risks in a project?
Sort By:
< 1 2 3 4 >
avatar
Eric Simms Senior Program Manager Baltimore, Maryland, United States
I don't think there's a single best way to identify risks across every project since each one is different from every other, but there is probably a best way to identify risks for each particular project.
That said, I often use detailed workflows depicted in swimlanes to identify project risks. I step through the workflow in a literal fashion and ask myself "What will the result be if this happens as stated?", or "What happens if I get result B instead of the expected result A?" In this way I can often identify risks that others don't consider. Also, I share the workflows with others; this makes it easier for people to consider project risk in a collaborative manner.
...
2 replies by Eduin Fernando Valdes Alvarado and JOSE ALOYSIO DE SOUZA JUNIOR
Mar 06, 2017 6:48 AM
Eduin Fernando Valdes Alvarado
...
Great thanks Eric
Mar 08, 2017 6:47 AM
JOSE ALOYSIO DE SOUZA JUNIOR
...
Nice approach Eric, and i think you could also take a look at the external risk factor, like market conditons and law regulations. That said, the approach is pretty dependent on the business segment tyou are in and the external factors may prevail. Cheers,
avatar
Nian Rasheed Project Manager| Asiacell Telecom Co./ Kurdistan Region/ Iraq Sulaimani, Iraq-Kurdistan Region, Iraq
The best way is to create a risk register and share it with key stakeholders to fill down related risks, then refining/amending this risk register through having brain storm sessions between all key stakeholders.
...
2 replies by Eduin Fernando Valdes Alvarado
Mar 06, 2017 6:49 AM
Eduin Fernando Valdes Alvarado
...
Great thanks George
Mar 06, 2017 6:50 AM
Eduin Fernando Valdes Alvarado
...
Nian great thanks
avatar
George Lewis Program/Project Manager| DXC Technology Company Heredia, Costa Rica
The best way is to rely on your project team to determine the work risks. They are the ones doing the real job and would know what could potentially go wrong.

Additionally you're responsible for detecting, recording and leading the finding of administrative and other project related risks.
avatar
George Lewis Program/Project Manager| DXC Technology Company Heredia, Costa Rica
Great question...
avatar
Naomi Caietti Senior Project Manager | ePMO | Higher Education | Healthcare & IT| Linkedin.com/In/NaomiCaietti
Great responses and don't forget to actively identify, manage and mitigate risks all throughout the project. Nian; has a great idea to use risk register.
...
2 replies by Eduin Fernando Valdes Alvarado and Nian Rasheed
Mar 06, 2017 4:34 AM
Nian Rasheed
...
Many thanks Naomi.
Mar 06, 2017 6:51 AM
Eduin Fernando Valdes Alvarado
...
Naomi great thanks
avatar
Nian Rasheed Project Manager| Asiacell Telecom Co./ Kurdistan Region/ Iraq Sulaimani, Iraq-Kurdistan Region, Iraq
Mar 05, 2017 2:46 PM
Replying to Naomi Caietti
...
Great responses and don't forget to actively identify, manage and mitigate risks all throughout the project. Nian; has a great idea to use risk register.
Many thanks Naomi.
avatar
Drew Craig Sr. Agile & Product Coach| Vanguard Philadelphia, Pa, United States
Its a continuous exercise. Discussions and reviews with the stakeholders will assist in identifying potential risks and impacts. It is their business, I value their input. I can add relatable input from an IT perspective based on decisions and chosen paths.
...
1 reply by Eduin Fernando Valdes Alvarado
Mar 06, 2017 6:51 AM
Eduin Fernando Valdes Alvarado
...
Great thanks Andrew
avatar
Eduin Fernando Valdes Alvarado Project Manager| F y F Fabricamos Futuro Villavicencio, Meta, Colombia
Mar 05, 2017 12:58 PM
Replying to Eric Simms
...
I don't think there's a single best way to identify risks across every project since each one is different from every other, but there is probably a best way to identify risks for each particular project.
That said, I often use detailed workflows depicted in swimlanes to identify project risks. I step through the workflow in a literal fashion and ask myself "What will the result be if this happens as stated?", or "What happens if I get result B instead of the expected result A?" In this way I can often identify risks that others don't consider. Also, I share the workflows with others; this makes it easier for people to consider project risk in a collaborative manner.
Great thanks Eric
avatar
Eduin Fernando Valdes Alvarado Project Manager| F y F Fabricamos Futuro Villavicencio, Meta, Colombia
Mar 05, 2017 2:03 PM
Replying to Nian Rasheed
...
The best way is to create a risk register and share it with key stakeholders to fill down related risks, then refining/amending this risk register through having brain storm sessions between all key stakeholders.
Great thanks George
avatar
Eduin Fernando Valdes Alvarado Project Manager| F y F Fabricamos Futuro Villavicencio, Meta, Colombia
Mar 05, 2017 2:03 PM
Replying to Nian Rasheed
...
The best way is to create a risk register and share it with key stakeholders to fill down related risks, then refining/amending this risk register through having brain storm sessions between all key stakeholders.
Nian great thanks
< 1 2 3 4 >

Please login or join to reply

Content ID:
ADVERTISEMENTS

One man can be a crucial ingredient on a team, but one man cannot make a team.

- Kareem Abdul-Jabbar

ADVERTISEMENT

Sponsors