Risk management is often required for projects, especially those that are large, high value or high risk. The more important a project/program is, the greater the likelihood that risk management will be carried out. However, in our experience, risk management, as a practice is not done consistently nor well enough to be helpful to the project manager, the stakeholders, the project team, subcontractors or the customer. Even in these high value projects risk management is not done as well as it might be.
Project management processes or software development processes can be described in terms of levels of maturity. Low maturity processes produce lower quality results than higher maturity processes. Risk management processes are no different. And the relative results are the same. Improve the process, and you’ll get better results.
Free 45-Minute Webinar
Join our free 45-minute webinar where we will introduce you to a risk management maturity model we have used with clients and show you how to move your risk management maturity “up the scale”. You will benefit from this webinar if any, some or all of these are true for you:
- There was no mandate to conduct robust risk management
- PMs, teams, and management have limited understanding of how to identify and manage risks from the time that a project was being considered
- The customer would not pay for risk management
- The risk management process was executed once at the outset of the project and never done again
- Sponsor, customers, and stakeholders did not ask about risks
- When a potential risk was identified, it was downplayed by leader in the project team to sustain an optimistic schedule
- Subcontractors provided no or only limited information about risks
- Lessons learned were never sought out and built into the project plan
- Your risk log is very large and full of detailed risks that, because of the sheer number are getting in the way of real risk and project management
- Customer or sponsor are frustrated with the project team bringing them unexpected issues
This plethora of issues are symptoms of a risk management process that needs improvement. We know from experience that if you improve the design of the risk management processes and practices in place, then, project performance will improve and many of the challenges laid out above would disappear.
Improving the maturity and effectiveness of your risk management processes would produce improvements in:
- Project performance
- Customer engagement
- Team communications
- More and deeper buy-in by the customer and the sponsor
- Clearer view and understanding of the “whole project”
- Happier customers, sponsors, stakeholders, and project team
In this webinar, we will introduce a Risk Maturity Model and discuss how to leverage this model to address many the key risk management processes and gain benefits in overall project performance and predictability.
What You Will Learn
- A risk management maturity model framework
- What a good risk management framework looks like
- What are some of the common challenges that you will meet when making improvements in risk management maturity and what you can do to address these
- Some of the steps you can take to begin improving your risk maturity
Live Webinar Date
We will be holding our live 45-minute webinar on the following date:
- December 13 – 11am (Eastern)
Register today to learn more about how to use risk management processes and practices to improve team performance and stakeholder engagement ensuring successful project outcomes.