Are You Making These Risk Management Mistakes? Bryan Barrow CITP MAPM MBCS MPSA ©2016 Bryan Barrow
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Are You Making These Risk Management Mistakes? Bryan Barrow CITP MAPM MBCS MPSA
©2016 Bryan Barrow
Are You Making These Risk Management Mistakes? Bryan Barrow CITP MAPM MBCS MPSA
TODAY’S AGENDA
• Why Manage Risk? • Black Swans • Failure: Infectious and
Avoidable • Throwing Away Bad Apples • The Case For Plan B • How to Create Plan A
WHY MANAGE RISK?
!me
cost
target
max
target max
LET’S LOOK AT PROJECTS
time
cost
target max
target
max
THIS IS WHERE WE SHOULD BE
time
cost
target max
target
max
THIS IS SEEN AS ACCEPTABLE
time
cost
target max
target
max
WHAT WOULD YOU CALL THIS?
BLACK SWANS
“ THE AVERAGE PROJECT
SCHEDULE OVERRUN
IS 70%”
SOURCE:HARVARDBUSINESSREVIEW(Sep2011),“WhyYourITProjectMayBeRiskierThanYouThink”
“17% OF PROJECTS HAD A COST OVERRUN OF
200%
” SOURCE:HARVARDBUSINESSREVIEW(Sep2011),“WhyYourITProjectMayBeRiskierThanYouThink”
“ THE AVERAGE PROJECT
COST OVERRUN IS
27%”
SOURCE:HARVARDBUSINESSREVIEW(Sep2011),“WhyYourITProjectMayBeRiskierThanYouThink”
FAILURE IS INFECTIOUS
!me
cost
target max
target
max
INSTEAD OF TIME VS. COST
!me
risk
100%
target max
LOOK AT TIME VS. RISK
!me
risk
100%
target max
LOOK AT TIME VERSUS RISK
TOP 10 MISTAKES
• People Mistakes • Process Mistakes • Publicity Mistakes
PEOPLE MISTAKES
1. Not Involving your Team 2. Ignoring People Risks 3. Assuming the Worst Can’t
Happen
PROCESS MISTAKES
4. Not identifying specific risks
5. No contingency planning 6. Mistaking risks for issues 7. Not looking for new risks
PUBLICITY MISTAKES
8. Not publicising risks to stakeholders
9. Excluding partners from risk reviews
AND FINALLY . . .
10. Having no risk management plans whatsoever!
THROWING AWAY BAD APPLES
STOP THESE PROJECTS!
POOR PROJECT PLAN
NO CONTINGENCY PLANS
NO RISK MANAGEMENT PLAN
NO EXIT CRITERIA
NO CONTINGENCY BUDGET
THE CASE FOR PLAN B
PREPARE PLAN B IN ADVANCE
“Most projects only have a ‘Plan A’. These projects are never successful because Plan A never works.” -- @bryanbarrow
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FOCUS ON TOP 10 RISKS
80%ofproblemsissuesand
delays20%
ofrisks
HOW TO CREATE PLAN A
PLAN USING INDEX CARDS
BRYAN SAYS . . .
“You can successfully kick off even the most challenging projects but only if you have the right process and the right people.” -- @bryanbarrow
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MY STORY
BRYAN SAYS . . .
“Just because life is full of risks, it doesn’t mean you have to be beaten by them -- Bryan Barrow”
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Go to http://bryanbarrow.com/
FOR MORE INFORMATION . . .
• The Biggest Drawbacks Of The ‘Sticky Note’ Workshop
• How To Plan Your Project Using Index Cards
• The Business Benefits Of Facilitated Planning Workshops
EVEN MORE INFORMATION . . .
My take on running successful project kickoff workshops: • How To Plan Your
Projects using Index Cards
• Who should attend • Converting outputs
to schedules in record time
Available on Amazon
END CREDITS
“THEFARAWAYEYES” TheFarawayEyesviaPhotopin
“BRICKWALL” VIZZualviaPhotopin
KANDYANPLATESPINNERS KandyanPlateSpinnersviaPhotopin
“BLACKSWAN” BirdaspoetryviaPhotopin
DOMINOES Unknown
“BLACKCOFFEE” JennyFaberviaPhotopin
“REDBULL” SpacePirate82viaPhotopin
“BUDDY” BryanBarrow,allrightsreserved
“BADAPPLES” RoreviaPhotopin
“PLANB” GoodToHaveviaPhotopin
“CauWon!Smombie! A_PeachviaFlickr
“AreYouMakingTheseRiskManagementMistakes”©2016BryanBarrow
WANT ME TO DELIVER THIS TALK AT YOUR CONFERENCE?
Bryan Barrow CITP MAPM MBCS MPSA Tel: +(44) 7954 435456 Email: [email protected] Web: bryanbarrow.com Skype: bryanbarrow Twitter: @bryanbarrow
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