Browsing All posts tagged under »Risk Management«

Program Management gets real in the Market to Market 2012

October 19, 2012 by


Program management involves orchestrating several inter-related projects.  Often times a program grows out of a large project. While reflecting upon a wonderful weekend of running with close friends and over 3,000 other friends, covering a distance of 78 miles in teams of six to eight, it dawned on me – that event was a perfect, […]

Business Analysis Technique #20 – Problem Tracking

April 21, 2011 by


Problems, issues, bugs, defects, action items, punch list, clean up tables – so many synonymous terms for the same underlying concept – tracking known “stuff” and making sure it gets resolved before a product or service is released.   While risk management concerns the known- unknown, management reserves address unknown  -unknown, problem tracking is smack dab […]

Project Health Check : 5 serious project warning signs

March 19, 2011 by


As experienced change practitioners, I’m sure we’ve all worked on projects that have been difficult.  The unfortunate truth is that some projects gain so much momentum, they become “too big to fail”.  These projects steamroll their way through organizations, and have a tendency to displace anyone that dares to challenge them. Sometimes when working closely […]

34 Business Analysis Techniques from The IIBA

February 25, 2011 by


Chapter Nine of the Business Analysis Body of Knowledge (BABOK®), Second Edition provides a concluding overview of thirty-four techinques used throughout business analysis and the six processes defined within the BABOK®).  I’ll highlight the most frequently used ones in my career over the next several weeks.  If one of the following techniques does not make […]

Virtual Teams – Conflict Resolution, Risk Assessment

January 20, 2011 by


Step Two of Resolving Virtual Team Conflict is to treat it as a potential risk.  The advantage of looking at team conflict as a risk is it’s an easier to say “hey let’s treat team conflict as a risk element, something that might happen” rather than “gee, we’re conflicted and at each others throat, upper […]

Risk from a Business Analysis Perspective

December 29, 2010 by


The International Institute of Business Analysis was founded just a few years ago in 2003. In terms of professional associations it’s a new kid on the block.  Yet in a short time it’s made a profound impact on the discipline and profession of business analysis. One success factor of The IIBA for making a swift […]

Secondary Risk versus Residual Risk

December 28, 2010 by


Synonymous term or a different term, that’s a common question we receive in our course delivery for secondary versus residual risks. Those two terms do sound quite a bit a like.  Are they? They’re similar concepts but are different! Secondary risk occurs once a risk event triggers and the appropriate management response strategy deployed.  The […]

Software Risk List

December 25, 2010 by


Steve McConnell, famous Borland and Microsoft developer and author of the renowned “Code Complete (1993)” and “Rapid System Development (1996)”, captured the following risks for software development in his “Rapid System Development”, page 86.  Though this list is 15 years old, I still use it as a starting point (not much has changed, has it?). Feature […]

Risk Types from Auditing

December 22, 2010 by


Don’t start from scratch.  Reuse and recycle.   Learn from others.  Those three quick statements for learning  apply to risk management.  Identifying potential risks, good and bad, can be a cumbersome process.  To hasten  the process, discover what risk are common for your industry, whether that’s construction, information technology, product development or public power.  Use those […]

Risk Management Approaches

December 2, 2010 by


Weaving throughout the Business Analysis Body of Knowledge (BABOK), ISACA content & CobiT, Lean Six Sigma best practice and the Project Management Body of Knowledge (PMBOK) / PRINCE 2 is the concept of proactively managing risk.  Risk is based on a probability of an event occuring (positive and negative) and the impact should that even […]

Newly Released Standard for Risk Management

January 20, 2010 by


Risk is an important topic for project managers. The Project Management Institute (PMI) awards a Risk Management Professional (PMI-RMP) certification and within PMI there is a Risk Management Special Interest Group (SIG). The Project Management Institute has released its official Practice Standard for Project Risk Management. It can be purchased at for $55.95 for […]

PMP Exam –Process Inputs and Outputs – Risk

February 12, 2009 by


In the fourth edition PMBOK®, there are 42 processes—each with its own set of inputs, tools and techniques, and outputs. When learning these processes for your PMP® exam, look for patterns in the inputs and outputs and focus especially on any that are unique to a particular process. For example, in the fourth PMBOK, there […]

PMP Exam – Getting the Big Picture

January 29, 2009 by


When learning the 4th edition PMBOK®’s 42  it is important to keep in mind the big picture of knowledge areas and process groups. Each process belongs to one of the nine knowledge areas (Integration, Scope, Time, Cost, Quality, Human Resource, Communications, Risk or Procurement) and one of the five process groups (Initiating, Planning, Executing, Monitoring […]


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