Risk Management for digital projects
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presentation held by Liesl Pfeffer at the Digital PM summit in Philadephie on Oct 15: http://blog.dpm2013.com
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Risk Management for digital projects
- 1. RISK MANAGEMENT FOR DIGITAL PROJECTS LIESL PFEFFER PROJECT MANAGER REACTIVE NEW YORK
- 2. 1. INTRODUCTION TO RISK MANAGEMENT 2. IDENTIFYING RISKS 3. DEFINING RISKS 4. TRACKING RISKS
- 3. 1. INTRODUCTION TO RISK MANAGEMENT WHY YOU NEED TO KNOW HOW TO MANAGE RISKS IN YOUR PROJECTS
- 4. WHAT IS A RISK?
- 5. 1. INTRODUCTION TO RISK MANAGEMENT
- 6. 1. INTRODUCTION TO RISK MANAGEMENT
- 7. 1. INTRODUCTION TO RISK MANAGEMENT IDENTIFY DEFINE TRACK Identification and assessment of risks Agreement on response strategy Tracking until closure
- 8. 1. INTRODUCTION TO RISK MANAGEMENT IDENTIFY DEFINE TRACK Identification and assessment of risks Agreement on response strategy Tracking until closure
- 9. 1. INTRODUCTION TO RISK MANAGEMENT IDENTIFY DEFINE TRACK Identification and assessment of risks Agreement on response strategy Tracking until closure
- 11. 1. INTRODUCTION TO RISK MANAGEMENT 2. IDENTIFYING RISKS 3. DEFINING RISKS 4. TRACKING RISKS
- 12. 2. IDENTIFYING RISKS INTERNAL VS EXTERNAL RISKS
- 13. INTERNAL RISKS
- 14. 2. IDENTIFYING RISKS INTERNAL RISKS Availability of resources Reliability of resources Stakeholders Partners Suppliers
- 15. EXTERNAL RISKS Source: AP Photo/Bebeto Matthews
- 16. 2. IDENTIFYING RISKS EXTERNAL RISKS Competitor activity Corporate strategy or priority changes Legal issues / regulatory changes Natural disasters Loss of power / internet Communication system failures
- 17. 2. IDENTIFYING RISKS CATEGORIZE RISKS TO HELP IDENTIFY THEM
- 18. COMMON RISKS
- 19. 2. IDENTIFYING RISKS PROJECT MANAGEMENT Scope creep Disorganized or under resourced client Client does not have enough authority Content delays
- 20. 2. IDENTIFYING RISKS TECHNOLOGY Third party integrations Using new or unfamiliar technologies Changes in technology Quality control
- 21. 2. IDENTIFYING RISKS OPERATIONAL Recruitment and retention of staff Insufficient skill levels Access to required equipment/software Equipment failure
- 22. 1. INTRODUCTION TO RISK MANAGEMENT 2. IDENTIFYING RISKS 3. DEFINING RISKS 4. TRACKING RISKS
- 23. 3. DEFINING RISKS HOW TO CREATE A RISK REGISTER
- 24. 3. DEFINING RISKS DETAIL THE RISKS Description of the risk Owner Probability Impact Response
- 25. 3. DEFINING RISKS ASSESS THE PROBABILITY Common sense Experience Questioning
- 26. 3. DEFINING RISKS ASSESS THE IMPACT Cost Time Quality
- 27. 3. DEFINING RISKS CALCULATE THE SEVERITY Common sense Project knowledge Experience
- 28. 3. DEFINING RISKS DETERMINE RISK RESPONSES Risk analysis (impact/severity) Benefit of the risk response Cost of the risk response
- 29. 1. INTRODUCTION TO RISK MANAGEMENT 2. IDENTIFYING RISKS 3. DEFINING RISKS 4. TRACKING RISKS
- 30. 4. TRACKING RISKS WHAT TO DO DURING THE PROJECT
- 31. 4. TRACKING RISKS SCHEDULE PROJECT CHECKPOINTS
- 32. 4. TRACKING RISKS MAINTAIN THE RISK REGISTER REGULARLY
- 33. 4. TRACKING RISKS DISCUSS CURRENT RISKS WITH STAKEHOLDERS EACH WEEK
- 34. IN CONCLUSION