Why Risk Management is more interesting and useful than you think

3. risk managment is
often considered
boring because it
smells of grey suits
and playing safe

4. but think of it this
way :
what worries you
about your project?

5. risk assessment as
the chance to put
down everyting that
worries you; what
could go wrong

6. • obvious things but also
• nagging things
• stuff that’s actually not under
your control
• assumptions
• stuff that shouldn’t happen but
could
• stuff that keeps you up at night

7. • allows you to recognise
and deal with problems
early
• transfers responsibility to
right people
• jisc prefers openness,
acceptance and solutions

9. •Acceptance
Accept the possibility and develop contingency
(For lower risk scores)
• Avoidance
Adding to or changing plan so risk no longer a
possibility
• Reduction
Reducing the probability or impact of the risk
• Transfer
Moving the impact (and ownership) of the risk
to a third party (outside project or instituion)

10. Once a risk , it should be
assessed, monitored,
updated at regular intervals
(e.g. project meetings) –
useful to circualte to senior
managment, esp when there
are risk scores

11. What now?
• Work on risks within the project plan
• Less bothered (at the moment) about rating
them
• Write down obvious and less obvious risks
• Discuss with your group (20 mins)
•General discussion at end (10 mins)
More info on Risk Management at JISC InfoNet

12. http://www.flickr.com/photos/bng/25164905/ - Risk (game)
http://www.flickr.com/photos/loop_oh/3230700469/ - Risk
(grave)