May 22nd, 2020 by Thea Maisuradze
On May 13, 2020, Inflectra's agile champion - Sriram Rajagopalan, Ph.D. hosted a live webinar in the Risk Management webinar series. This second webinar in the series explored the how-tos of Leveraging a risk register to manage risks in programs and portfolios.
If you missed the webinar, please enjoy this recap, complete with a video recording.
Webinar Agenda:
The webinar covered the following areas:
- How to establish the context of risks in projects, programs, and portfolio
- A review of the important principles of risks in project delivery
- How to differentiate the various elements of a risk register
- How to evaluate tools that can be used for managing risks in larger initiatives.
Webinar Blog:
As we struggle with the current unprecedented health pandemic, one thing that almost all of us can relate to is the need to proactively identify and address uncertainties that are without control. This need to understand the uncertainty is the basis behind risk management discipline and is the foundational approach to proper planning. The size, nature, and complexity of the initiatives impact numerous management stakeholders and team members regardless of the nature of the project delivery mechanism.
In my book on organized common sense, I say, “If you don’t manage risk, the risk will manage us.” The goal of risk management is to continuously balance benefits and value against the capabilities we deliver leading to prioritization and decision-making. One cannot defer this risk management as a traditional project management thinking and avoid it because even releases and iterations in the adaptive approaches are not immune from it. Good agile
evangelists will, therefore, incorporate the risk-adjusted product backlog. As agile scales like how projects scale across multiple teams with interrelated projects as programs and portfolios, there is an inexorable need to spread risk management discipline across the teams enabling concise, clear, and comprehensive communication through reporting for governance.
Earlier in our series, we discussed the importance of the RACI tool. But, is this tool alone enough to ensure traceability across the various project artifacts, promote the right level of problem-solving at the right time by the right people, evaluate the opportunity costs of taking the right decision performing the required resource allocation? One needs to look at another tool, Risk Register, that can be helpful at the individual project, interrelated programs, and across portfolios to make tactical and strategic decisions.
Join me in this webinar as I set the foundations of this Risk Register and discuss how it evolves through the risk management lifecycle.
Webinar Recording:
Please enjoy the recording of this webinar on youtube.
Webinar Presentation:
Also, we are happy to share with you these webinar slides from the presentation:
Please feel free to get in touch if you have any questions.
The next webinar in the series is scheduled for June 16, at 2 pm ( EDT) and is called: Why Use A Benefits Register in Programs & Portfolios. Sign up here!
See you at our next webinar, but in the meantime, stay healthy, stay fit, keep your distance.
#TeamInflectra