A risk management tool is essential to efficiency and individual effectiveness. A tool should also support integration within an organisation. This video outlines the requirements and looks at some of the pitfalls. There is also an example for comparison with your system.
Estimates by their nature are uncertain. Would being able to model estimate variables, improve scope definition, and deriving a suitable inherent contingency make your life easier? Would quick updating as new information arrives, optioneering and project end cost forecasting during implementation also help? This 8 minute video will show how this is now possible and with...
How efficient is your risk management process? Core to efficient risk management is ensuring that only data that is "essential" for risk management is recorded. This video sets out the essentials and includes a sheet so you can assess the efficiency of your process.
A practical risk management system has been developed over nearly three decades. An overarching focus has been to ensure risk management adds measurable value. The system has benefitted from great feedback from many Clients and this is important as you can be assured that the system works. That said - you decide. Compare what is presented...
Integration is a requirement of ISO 31000, but what does this mean in practice? This video explores what's required and outlines three techniques that enable integration. These in turn improve risk management and business outcomes.
Objectives drive a risk/time relationship that is not widely understood. This video seeks to broaden that knowledge as the relationship not only impacts the achievement of objectives and business outcomes but also has significant project implications.
Is your risk management adding value to your organisation? How do you know? How are you measuring value? This video addresses these questions, suggests what may have gone wrong and outlines three straightforward ways to measure value.
What does “the effect of uncertainty on objectives” (ISO 31000 definition) mean in a project environment? Standard risk management processes are focussed on identifying and managing risks that MAY happen. That applies to both a project and non-project environment. Where projects differ is that management practice also introduces (correctly!) two other areas of uncertainty – cost...
Once an assessment of the efficiency of your risk process has been made (see the insight “Is your risk management process efficient or wasteful?”) the second element is to consider whether your risk toolset is efficient or wasteful. There are two aspects to consider – Inputs and Outputs. Inputs are straightforward. Risk management should be undertaken...
Since the first standalone risk management standard (AS/NZS 4360 - 1996) there has been a significant growth in risk management as a specialisation. These “experts” have espoused a range of processes which, although mostly well intentioned, are often far from efficient. The result is a considerable waste in time and hence costs. Over the years...
