Risk Management for digital projects

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  1. RISK MANAGEMENT FOR DIGITAL PROJECTS LIESL PFEFFER PROJECT MANAGER REACTIVE NEW YORK 2. 1. INTRODUCTION TO RISK MANAGEMENT 2. IDENTIFYING RISKS 3. DEFINING RISKS 4.…
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  • 1. RISK MANAGEMENT FOR DIGITAL PROJECTS LIESL PFEFFER PROJECT MANAGER REACTIVE NEW YORK
  • 2. 1. INTRODUCTION TO RISK MANAGEMENT 2. IDENTIFYING RISKS 3. DEFINING RISKS 4. TRACKING RISKS
  • 3. 1. INTRODUCTION TO RISK MANAGEMENT WHY YOU NEED TO KNOW HOW TO MANAGE RISKS IN YOUR PROJECTS
  • 4. WHAT IS A RISK?
  • 5. 1. INTRODUCTION TO RISK MANAGEMENT
  • 6. 1. INTRODUCTION TO RISK MANAGEMENT
  • 7. 1. INTRODUCTION TO RISK MANAGEMENT IDENTIFY DEFINE TRACK Identification and assessment of risks Agreement on response strategy Tracking until closure
  • 8. 1. INTRODUCTION TO RISK MANAGEMENT IDENTIFY DEFINE TRACK Identification and assessment of risks Agreement on response strategy Tracking until closure
  • 9. 1. INTRODUCTION TO RISK MANAGEMENT IDENTIFY DEFINE TRACK Identification and assessment of risks Agreement on response strategy Tracking until closure
  • 10. WHO MANAGES RISKS?
  • 11. 1. INTRODUCTION TO RISK MANAGEMENT 2. IDENTIFYING RISKS 3. DEFINING RISKS 4. TRACKING RISKS
  • 12. 2. IDENTIFYING RISKS INTERNAL VS EXTERNAL RISKS
  • 13. INTERNAL RISKS
  • 14. 2. IDENTIFYING RISKS INTERNAL RISKS Availability of resources Reliability of resources Stakeholders Partners Suppliers
  • 15. EXTERNAL RISKS Source: AP Photo/Bebeto Matthews
  • 16. 2. IDENTIFYING RISKS EXTERNAL RISKS Competitor activity Corporate strategy or priority changes Legal issues / regulatory changes Natural disasters Loss of power / internet Communication system failures
  • 17. 2. IDENTIFYING RISKS CATEGORIZE RISKS TO HELP IDENTIFY THEM
  • 18. COMMON RISKS
  • 19. 2. IDENTIFYING RISKS PROJECT MANAGEMENT Scope creep Disorganized or under resourced client Client does not have enough authority Content delays
  • 20. 2. IDENTIFYING RISKS TECHNOLOGY Third party integrations Using new or unfamiliar technologies Changes in technology Quality control
  • 21. 2. IDENTIFYING RISKS OPERATIONAL Recruitment and retention of staff Insufficient skill levels Access to required equipment/software Equipment failure
  • 22. 1. INTRODUCTION TO RISK MANAGEMENT 2. IDENTIFYING RISKS 3. DEFINING RISKS 4. TRACKING RISKS
  • 23. 3. DEFINING RISKS HOW TO CREATE A RISK REGISTER
  • 24. 3. DEFINING RISKS DETAIL THE RISKS Description of the risk Owner Probability Impact Response
  • 25. 3. DEFINING RISKS ASSESS THE PROBABILITY Common sense Experience Questioning
  • 26. 3. DEFINING RISKS ASSESS THE IMPACT Cost Time Quality
  • 27. 3. DEFINING RISKS CALCULATE THE SEVERITY Common sense Project knowledge Experience
  • 28. 3. DEFINING RISKS DETERMINE RISK RESPONSES Risk analysis (impact/severity) Benefit of the risk response Cost of the risk response
  • 29. 1. INTRODUCTION TO RISK MANAGEMENT 2. IDENTIFYING RISKS 3. DEFINING RISKS 4. TRACKING RISKS
  • 30. 4. TRACKING RISKS WHAT TO DO DURING THE PROJECT
  • 31. 4. TRACKING RISKS SCHEDULE PROJECT CHECKPOINTS
  • 32. 4. TRACKING RISKS MAINTAIN THE RISK REGISTER REGULARLY
  • 33. 4. TRACKING RISKS DISCUSS CURRENT RISKS WITH STAKEHOLDERS EACH WEEK
  • 34. IN CONCLUSION
  • 35. THANK YOU TWITTER: @LIESLPFEFFER INSTAGRAM: LIESLPFEFFER REACTIVE: WWW.REACTIVE.COM
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