Risk Review

Problem

Risk is an inherent concern in any change initiative - will it work, are we attempting too much or too little, what will people say and how will they react?  In many projects and programmes, risk management initiatives either do not occur at all or are done as a mere checklist formality early in the initiative.

The three most common criticisms of overall risk management are:

• Risk management is applied inconsistently
• Risk management is reactive, it's not prioritised and supported by a risk budget
• Risk management receives limited buy-in and support, and may be perceived as focussing on the negatives of a project

Solution

We use the guidance on risk management provided by ISO 31000, the PMI PMBoK, the APM BoK, MoR, PRINCE2, MSP, MoP and MoV, and our extensive experience in Government, industrial, Defence and commercial environments to develop an overall appreciation of the 'known unknowns' (i.e. threats and opportunities) associated with a change initiative, and recommend effective approaches to the 'unknown unknowns' that can come out of left field. We can help organisations develop governance and oversight functions to monitor and control the aggregate risk profile of project portfolios, programmes and projects.  And we can review existing analyses and arrangements, and where necessary recomend and implement improvements.

Our review can be broad or focussed on critical aspects of risk management, such as:

• Risk appetite
• Risk governance, including higher-order frameworks in an organisation, including compliance with established procedures
• Specific risk categories or major risks, and the effectiveness of current or proposed miigation approaches

Please contact us to discuss our approaches to programme and project risk reviews.

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