Jeff GruettertDirector of Operations| 3BG Supply Co.Fort Wayne, In, United States
If you are a PM for a small company new to project risk management, what do you think is the best METHOD for delivering the importance of investing time and resources into identifying risks and planning responses? Small company = multiple hats and smaller resource pools... Saving Changes...
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Deepa KalangiManager, Program Management, Author, Trainer| CVS HealthCharlotte, NC, United States
The most efficient way that worked for me was to use 15min of your weekly status meeting to identify risks/responses as the core team is always present. We quickly look at potential risks(of course as a PM you would know some before hand) and assign risk owners. It is a simple excel spreadsheet that we walk through taking 10-15min at the end of the status call. Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Risk is inherent to any activity in people life. So, there is not a method. You can follow the activities described into PMBOK´s Project Risk Management knwoledge area. Which will vary is the techniques to use. Saving Changes...
Jeff, I think the old-fashioned method of: once a week ask the team (even if partly remote) "what would ruin the work you've got ahead of you." Write it down and do your best to make it not happen. You need to clear the field so they can do their jobs. Saving Changes...
I believe that whether it is a small or large company, the management of projects at all levels of an organization must be assumed with full responsibility, in the case of risk management there is no need to have any method to give it the necessary importance, with such Just stating that you can save costs and time in the execution of the project is enough to give top management priority. Saving Changes...
Jeff GruettertDirector of Operations| 3BG Supply Co.Fort Wayne, In, United States
Thank you all for your input, much appreciated! Saving Changes...
Billy TwalaCEO| IKAMVA Strategic InsightsMidrand, South Africa
Risk should be part of your company DNA. Inculcate a culture of immediacy when risks are noticed within the organization, the project organization, or the actual project under execution. Develop a non-threatening risk identification and communication protocol. fundamentally, address the risks that have been identified, there are several methodologies of executing that.
Regards. Saving Changes...
Seema SonkiyaHead Business Analysis Practices, PMI-PBA trainer| iZenBridge Consultancy Private LimitedJaipur, Rajasthan, India
Whatever you are doing whether, at the small level or big level, you can not escape from risk management- always give a thought:
What can stop you (negative risks) or
What can support you (positive risks)
To understand what can be the sources of the risks, you need to have a continuous eye. Identifying risk is a vital activity:
What risks can come from the customer, how you can address them?
What risks can come from technology?
What are the internal issues which can bring risks?
What are collaboration issues which can bring risks?
What are the project specific risks which come from the assumptions?
The further activities in risk management have to be adopted as well. The key point is that if are not able to identify risks, we can not plan their responses as well.
My emphasis is only to say that risk is an important process; we can't avoid them.You can see a high-level view of complete risk management process: https://www.youtube.com/watch?v=4pfFgnqNoU4 Saving Changes...
