Making risk management work, 26 January 2017, Edinburgh
Posted by Catherine Bendell on 9th Jan 2017
An audience participation game to guess the height of the Statue of Liberty from a photograph using single point estimates, three point estimates and uniform distribution, thus demonstrating the Monte Carlo method. The presentation also introduced the concept of Black Swan events and ensuring these are not missed when considering risk.
In summary risk management should be part of everyday work rather than bolted on. Advice provided included, be specific on risk registers, don’t just state the obvious, include details, including detailed mitigation measures and it is also worth including mitigation dates in project programmes.
The presentation can also be viewed on the APM slideshare page.
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As part of my work as a P3M consultant working in and around the UK Civil Service, we have used APM’s Conditions for Project Success report to create a project health-check tool