If you have a great facilitator on your wider Project Management team, then consider bringing them into the session to facilitate the workshop.

This has two advantages: 1) your team aren’t spending time on ‘unnecessary’ risks and looking at the more relevant, pressing ones and 2) giving your team some examples of risks that are already known to help with their thought process. When you do a risk workshop, I’d try and save some time and already put the ‘obvious’ risks in your project/company on the table so that the team can focus on the other potential risks in the project. This includes reviewing on a regular basis to ensure that it’s still accurate and relevant. When you’re going through all of your risks, make sure that you have a plan and actually implement the risk response. One thing that I suggest is all of the risks are considered and analysed to see if there are any risks which could turn into a priority. One thing that often gets done during risk workshops is that all of the risks are noted and then the highest priority ones are monitored and mitigations are investigated. This could be a simple question that you ask to see during the workshop if there could be any benefits that we could gain from current conditions or the aims of the project. Normally, when you do risk workshops, you are mainly focused on the negative risks rather than also including the opportunities that may exist in the project. This includes making sure that you’re being clear what you are expecting from the specific stakeholder.ģ) Consider threats as well as opportunities It’s important to manage the expectations and have clear stakeholder management for all of the risk identified. This is also relevant for when risks occur and then I would make sure that you’re escalating hard and fast to ensure that the issues are managed and resolved as quickly as possible. I would also suggest that you continue to do this regularly and make sure that you’re being clear and consistent with the message that you’re delivering. Here are a few suggestions for how to manage your risk management in your project:Īll of the risks identified need to be clearly communicated and early on in the project. When I’m doing a coaching session for risk management, often I hear that they know what to do but now how to do it. Risk Management is one of the most underrated parts of Project Management that often gets neglected by Project Managers. Let’s have a look at the golden rules around Risk Management.

Golden rules on a farm