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Organizational Risk Management


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Silicon Valley Code Camp 2015 presentation on risk. Whether you are starting a company or working in a larger organization you will need to manage your risk to move your teams forward. In this session we will discuss general areas where your risks are hiding in plain sight

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Organizational Risk Management

  1. 1. Organizational Risk Management Or Tips to Succeed in an Uncertain World Kim Greenlee October 2015
  2. 2. Objective Leave this session with a better understanding of how you can manage both your risks and opportunities. You will acquire new tools and concepts to assist you. Key Concepts If you don’t know the destination any road will get you there. Build your map. Embrace the uncertainties. Don’t make decisions out of fear or apathy.
  3. 3. Breaking it down • Step 1: Define your problem. • What is the purpose of this project? • Step 2: Clarify your goals and objectives. • How do we define success? • Step 3: Scope the work: identify risks, opportunities, resource needs. • What don’t I know? • What are my assumptions? • What and who do I need to be successful? • Step 4: Develop an action plan. • What has to happen in order? • What can happen in parallel? • When will I need things / people? • Step 5: Execute. • Freeze requirements. Anything new requires a “compelling business” justification. If you change the plan, adjust the timelines. Step 6: Celebrate and Say Thank You!
  4. 4. Define Your Problem • Start with your initial problem statement • Does this statement actually encompass the breadth and depth of your problem? • Adjust the problem statement for clarity. Your problem statement should be concise and clear. Can you use it as an elevator pitch? Ask Questions!! Don’t Assume!!
  5. 5. Clarify Your Goals and Objectives SMART • Specific: Who, what, where, when • Measurable: Key performance / progress indicators • Achievable • Results-focused: • Measure outcomes, not activities • Time-bound • Link to a time frame Define and constrain the problem area you work within Define success.
  6. 6. Scope the work: Identify Risks, Opportunities, Resources, Stakeholders Identify Risks What don’t I know? What are my assumptions? Identify Opportunities Are there hidden wins? Identify Resource and Dependency Needs What skillsets do you need? What internal teams do you need? What external teams do you need? New equipment? Identify Stakeholders Who supports the project? Who opposes? Do I need cross- functional teams? How do I engage? Who is my partner? Who needs to be informed?
  7. 7. Risk Management Framework Cayenne Consulting
  8. 8. Develop an Action Plan Phase 1: Start with a list 1. Make a list of all the steps in the project 2. Estimate time for each step 3. Identify steps that you have incomplete information for 4. Review each step and question assumptions 5. Review each step and identify resources and dependencies 6. Pay attention to communication needs Phase 2: Convert the list into a project plan 1. Break out your project tool 2. Enter in tasks with an eye towards dependencies and parallizable work 3. Make sure stakeholder communications are steps in your project plan
  9. 9. Execute Change happens: Just because you have a project plan…doesn’t mean that the planning is done. • Limit scope creep by enforcing trade-offs • Keep a pulse on ALL the moving parts • Keep the communication lines open with ALL of your stakeholders. Much can be forgiven if you are TRUSTED!
  10. 10. Celebrate and Say Thank You
  11. 11. Summary • Step 1: Define your problem. • Step 2: Clarify your goals and objectives. • Step 3: Scope the work: identify risks, opportunities, resource needs. • Step 4: Develop an action plan. • Step 5: Execute. • Step 6: Celebrate and say Thank You!
  12. 12. References Contact me: Reading List:
  13. 13. The End … Or Is It?