Risk management is a continuous, forward-looking process that is an important part of managing a project. Risk management should address issues that could endanger the achievement of critical project objectives. However, there are a number of consequences if you do not have a proper strategy for identifying and managing project and product risks: • It is easy to ignore risks when they are not properly identified, documented, or tracked • Risks that are known to project staff are often not known to management • Repeated project failures due to unforeseen (but predictable) risks can cost you business This presentation will provide some practical and easy method(s) for systematically identifying risk types, categories, priorities, and impacts that will help you improve how you manage risks over the life of the project.

1. Facilitating your process journey …
Improving your Risk Identification
and Management Approach
by
Henry Schneider
Process and Product Quality Consulting, LLC
June 25, 2008

2. Facilitating your process journey …
Agenda
 Why Should I Care About Risks?
 What is a Risk?
 Risk Management Principles
 Risk Identification and Management Techniques
 Summary
6/27/2008 ®2008 ***Proprietary*** All Rights Reserved - Process and Product Quality Consulting, LLC 2

3. Facilitating your process journey …
6/27/2008 ®2008 ***Proprietary*** All Rights Reserved - Process and Product Quality Consulting, LLC 3