Risk manage
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Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deflect the endeavour from the business goals.
SCOPE: Every failing project I've seen has had an informal scope of "the sun, the moon, the sky and the stars." In other words, management and the end users are convinced that they must have and will receive the perfect solution right out of the gate. They never get to the gate. Successful practitioners reduce scope to something that's manageable for the first release and defer the rest for subsequent releases. You won't be able to do this until everyone understands what's at stake. Since the scope is constantly changing over time, there needs to be a higher-level statement in place to establish the overall charter for the project. This is called a vision statement. A vision statement is a lightweight version of a business case, and most of the time it works just fine all by itself. A popular pattern is Geoffrey Moore's vision statement format as described in Crossing the Chasm: For (target customer)
Who (statement of the need or opportunity)
The (product name) is a (product category)
That (key benefit, compelling reason to buy)
Unlike (primary competitive alternative)
Our product (statement of primary differentiation)
GOALS: Risk Management objectives is to define your organization's shared vision. Once the shared vision is articulated, overall risk management goals and objectives must be defined.
While a vision statement is often aspirational, the goals and objectives should ordinarily describe in simple terms what is to be accomplished. They should be actionable by the organization. They should be defined in the context of the organization’s business
Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deflect the endeavour from the business goals.
SCOPE: Every failing project I've seen has had an informal scope of "the sun, the moon, the sky and the stars." In other words, management and the end users are convinced that they must have and will receive the perfect solution right out of the gate. They never get to the gate. Successful practitioners reduce scope to something that's manageable for the first release and defer the rest for subsequent releases. You won't be able to do this until everyone understands what's at stake. Since the scope is constantly changing over time, there needs to be a higher-level statement in place to establish the overall charter for the project. This is called a vision statement. A vision statement is a lightweight version of a business case, and most of the time it works just fine all by itself. A popular pattern is Geoffrey Moore's vision statement format as described in Crossing the Chasm: For (target customer)
Who (statement of the need or opportunity)
The (product name) is a (product category)
That (key benefit, compelling reason to buy)
Unlike (primary competitive alternative)
Our product (statement of primary differentiation)
GOALS: Risk Management objectives is to define your organization's shared vision. Once the shared vision is articulated, overall risk management goals and objectives must be defined.
While a vision statement is often aspirational, the goals and objectives should ordinarily describe in simple terms what is to be accomplished. They should be actionable by the organization. They should be defined in the context of the organization’s business