Reporting risks to the board
APM Risk SiG Conference 26th October 2006
The purpose of this paper is to summarise the key points from the various presentations and knowledge sharing session held at the October meeting of the Risk SiG. It should provide a reminder for those at the event of the main issues, tips and suggestions for reporting risks to the board. It may also be useful for anyone not present who has an interest in this topic.
This paper should be read in conjunction with the presentations which are available for viewing here.
The target audience for this paper is predominately project and programme managers. However others involved in operational or business risk would find many of the ideas useful.
The presenters were asked to provide their views on reporting risks to the board. They were given a brief which highlighted 4 topics for consideration and were asked to reflect on those areas from as many perspectives as possible. After the main presentations the delegates split into 4 Knowledge Sharing Network (KSN) groups to discuss each topic. Whilst the body of this paper maintains that structure, many of the key points were identified several times in different areas. For simplicity each key point has been placed in its predominant section.
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
Kerry gave an excellent insight into the world of risk management and how to make risk management work on projects, with honesty and transparency from the start being key. Kerry stressed the importance not to forget the basics, have early stakeholder engagement and ensure there is a plan in place to deal with variations. The presentation also covered why projects fail, how we can prevent projects failing and how risk management can help.
On Tuesday 7 February 2017 Franco Pittoni gave a webinar presentation 'Schedule quality' put on by the APM Planning, Monitoring and Control Specific Interest Group. It covered the schedule quality topic, still frequently debated because of the failures in delivering project-programmes on time, which are still experienced worldwide.