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CIO Tools: Project Risk 2013

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This simple tool can help you quantify the risk profile of a given project. It is not intended to be used as an absolute scoring mechanism – if it is it will not work for you. What this tool can be …

This simple tool can help you quantify the risk profile of a given project. It is not intended to be used as an absolute scoring mechanism – if it is it will not work for you. What this tool can be used for - very effectively - is the evaluation of incremental or comparative risk between your project alternatives. In time, this tool can also be used to see if your average risk profile is migrating lower or higher. This can be indicative of changing business conditions that are favorable or require attention from a political perspective. Perhaps the most useful application of this tool is how it can be used to verify that you are entering each project having considered the fundamentals. In this way, you can ensure that you are having the proper business dialogue at the onset of each investment.

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  • 1. OVERVIEW CIO Project Evaluator If you wish to learn more about This simple tool can help you quantify the risk profile of a given project. It is not intended to be used as an innovative & practical ways to absolute scoring mechanism – if it is it will not work for you. What this tool can be used for - very effectively - is the leverage technology - contact us: evaluation of incremental or comparative risk between your project alternatives. In time, this tool can also be used PSC Group, LLC to see if your average risk profile is migrating lower or higher. This can be indicative of changing business Jim Vaselopulos conditions that are favorable or require attention from a political perspective. Perhaps the most useful application jimv@psclistens.com of this tool is how it can be used to verify that you are entering each project having considered the fundamentals. 847.517.7200 In this way, you can ensure that you are having the proper business dialogue at the onset of each investment. www.psclistens.com 2013WORKSHEET CIOprojeval.revA CIO Project EvaluatorWhat is this Project’s PROJECT NAME Risk Profile? effective executives focus only on tasks that move their company forward; everything else can wait! 10 The project has a significant ROI 10 No defined objectives for a win Positives (+) Negatives (-) 10 It helps grow the business 10 No supportive business sponsor 10x 10x 10 Is budgeted for success 10 Addresses a symptom not a cause 5 It helps the company scale profitably 5 Limited impact to line of business 5x 5x 5 It lowers business risk (interruption) 5 Requires cultural change for adoption 2x 2x 5 Does not require rollout or re-training 5 Duration > stability of business process 2 It helps retain key employees/assets 2 Can not quantify success 1x 1x 2 Business process is well understood 2 Unrealistic expectations anywhere 2 Is using proven technology 2 No time/budget for POC or discovery - RISK PROFILE 1 Lowers IT costs 1 It’s work outside your comfort zone 1 Is mandated or for compliance 1 Using newer technology © 2008-2013 Copyright PSC Group, LLC http://www.psclistens.com Based on the designs of David Seah 1 Good for morale 1 Getting there will be unpleasant http://www.davidseah.com 2013WORKSHEET CIOprojeval.revA CIO Project EvaluatorWhat is this Project’s PROJECT NAME Risk Profile? effective executives focus only on tasks that move their company forward; everything else can wait! 10 The project has a significant ROI 10 No defined objectives for a win Positives (+) Negatives (-) 10 It helps grow the business 10 No supportive business sponsor 10x 10x 10 Is budgeted for success 10 Addresses a symptom not a cause 5 It helps the company scale profitably 5 Limited impact to line of business 5x 5x 5 It lowers business risk (interruption) 5 Requires cultural change for adoption 2x 2x 5 Does not require rollout or re-training 5 Duration > stability of business process 2 It helps retain key employees/assets 2 Can not quantify success 1x 1x 2 Business process is well understood 2 Unrealistic expectations anywhere 2 Is using proven technology 2 No time/budget for POC or discovery - RISK PROFILE 1 Lowers IT costs 1 It’s work outside your comfort zone 1 Is mandated or for compliance 1 Using newer technology © 2008-2013 Copyright PSC Group, LLC http://www.psclistens.com Based on the designs of David Seah 1 Good for morale 1 Getting there will be unpleasant http://www.davidseah.com
  • 2. OVERVIEW CIO Project Evaluator If you wish to learn more about This simple tool can help you quantify the risk profile of a given project. It is not intended to be used as an innovative & practical ways to absolute scoring mechanism – if it is it will not work for you. What this tool can be used for - very effectively - is the leverage technology - contact us: evaluation of incremental or comparative risk between your project alternatives. In time, this tool can also be used PSC Group, LLC to see if your average risk profile is migrating lower or higher. This can be indicative of changing business Jim Vaselopulos conditions that are favorable or require attention from a political perspective. Perhaps the most useful application jimv@psclistens.com of this tool is how it can be used to verify that you are entering each project having considered the fundamentals. 847.517.7200 In this way, you can ensure that you are having the proper business dialogue at the onset of each investment. www.psclistens.com 2011WORKSHEET CIOprojeval.revA CIO Project EvaluatorWhat is this Project’s PROJECT NAME Risk Profile? effective executives focus only on tasks that move their company forward; everything else can wait! 10 The project has a significant ROI 10 No defined objectives for a win Positives (+) Negatives (-) 10 It helps grow the business 10 No supportive business sponsor 10x 10x 10 Is budgeted for success 10 Addresses a symptom not a cause 5 It helps the company scale profitably 5 Limited impact to line of business 5x 5x 5 It lowers business risk (interruption) 5 Requires cultural change for adoption 2x 2x 5 Does not require rollout or re-training 5 Duration > stability of business process 2 It helps retain key employees/assets 2 Can not quantify success 1x 1x 2 Business process is well understood 2 Unrealistic expectations anywhere 2 Is using proven technology 2 No time/budget for POC or discovery - RISK PROFILE 1 Lowers IT costs 1 It’s work outside your comfort zone 1 Is mandated or for compliance 1 Using newer technology © 2008-2013 Copyright PSC Group, LLC http://www.psclistens.com Based on the designs of David Seah 1 Good for morale 1 Getting there will be unpleasant http://www.davidseah.com http://tinyurl.com/CIOriskprofiler