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Risk Discovery

"The primary objective in this phase is to build a comprehensive set of risks that are relevant to the project. A wide variety of resources are required as input to this phase. Roles and responsibilities during this process will be discussed later in this chapter, but consider that the person driving these activities needs to be accountable, motivated, and empowered. The best quarterback is the project or rescue manager."

"The original list of risks identified for the project is a good place to start this phase. Expect to spend anywhere from an average of one to three days to complete the following activities that will allow the original risk assessment list to be reviewed and augmented:

  1. Locate, and interview the original risk manager if there was one (asking, for example, the risk manager's opinion on what went wrong).
  2. Review and understand the original risk assessment documents.
  3. Interview business owners and project sponsors on the level of risk they find acceptable.
  4. Add to the risk assessment based on personal experience.
  5. Solicit one-on-one input from the project team members to modify the risk."
  6. Solicit one-on-one iput from members of the extended project team.
  7. Manager needs to distribute the list of risks to the core project team and the project sponsors through e-mail, hardcopy, or the internet.
  8. Incorporate feedback into the risk assessment list.
  9. Finalize the risk assessment list so that each risk is categorized, named, and briefly described."
"Give the option of facilitated sessions. This helps identify risks that may go undetected in a one-on-one environment. Also, we strongly encourage organizing a mixed team of IT and business participants."

"Past project experiences and industry best practices based on project classification can also provide input into this."


The above is an excerpt from a book written by Sanjiv Purba and Joseph Zucchero, published by McGraw-Hill/Osborne, 2100 Powell Street, 10th Floor, Emeryville, California 94608 U.S.A. Sanjiv has over 20 years of experience managing large projects and many years engaged in rescuing ailing projects.