The concept of risk is inherent in any project. One way to contain risk is through risk management. Risk management involves the identification of risks, analysis of exposure to the risks in a development effort, and execution of the risk management plan.
21. What We Learned About The Industry … Greater than 50% of all IT projects have either failed or were delivered with less than the desired results.
22. What We Learned About The Industry … Greater than 50% of all IT projects have either failed or were delivered with less than the desired results.
38. Foundation for Process Improvement Capability Level VISIBILITY Streamline Processes Implement Standard Processes OPTIMIZATION CONTROL Understand What is Happening Cumulative timeline
39. Developers Designers Team Leaders End Users Business Managers Vendors IT Management Infrastructure Team Risk Discovery Team Project Manager
52. Closing Thoughts … Few companies can grow without taking risks. But poor risk management leads to surprises in business operations that can impact shareholder confidence, regulatory oversight and the bottom line.
53. I am not suggesting that we can eliminate all project risks, nor do we want to … some risks are good I am also not suggesting that projects will never fail again … when organizations fail to react to information, projects can still fail
54. What I am suggesting is that if there isn’t a “Risk Identification, Assessment, and Mitigation Process” implemented on all of your projects then you are just waiting for projects to fall behind schedule or fail.
55. Remember … “ Managing risk does not deal with future decisions, but the future of present decisions”
57. “ The power to discern the true nature of the situation”
Editor's Notes
How many of you are waiting for projects to fall behind schedule? Three (3) undeniable truths: 1 – SW development is a risky business because the entire business is shrouded in uncertainty 2 – Greater than 50% of all projects are delivered late or with less than promised by the original deadline 3 – Any project worth doing that is undertaken without a formal risk identification, assessment, and mitigation process is waiting to fall behind