Risk Facilitation Workshop

Purpose

A workshop to implement a risk management strategy for a specific Client project and to identify, analyse, and decide aversion strategies on the project risks in order to reduce the impact these would have on the project's deliverables.

Benefits

  • The analysis of project risks by an experienced consultant
  • Risk Management Strategy defined so that Risk Management becomes an on-going and day-to-day activity, not something that is done just the once and filed
  • The workshop approach creates a high level of team buy-in to the strategies agreed
  • The production of a risk budget separate from the project budget assists organisations in distinguishing between project issues caused by risks occurring and project issues caused by poor estimating

Risks are threats to a project's viability. Without effective management of risk the ability of the project to deliver products to meet the business case could be adversely affected.

Method

WPM allocate a dedicated consultant to work with the Client's Project Manager throughout the service. The consultant assists with:

  • The compilation of an initial project risk log
  • Assistance with the Risk Analysis - identification, estimation and evaluation
  • Assistance with determining the action to be taken with each risk - prevention, reduction, transference, contingency planning or acceptance
  • Assistance with the establishment of a procedure whereby the risks will be managed throughout the project

The outputs from the workshop may include:

  • Project Plan (minimum output)
  • Product Descriptions (minimum output)
  • Stage Plans, Exception Plans, Team Plans (if required)
  • Quality Plan(s) & Quality Log Project Plan minimum output)
  • Communications Plan

The Risk Facilitation Service consists of 3 main elements:

  • Workshop Preparation
  • Facilitated Workshop (1 day)
  • Review

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1. Workshop Preparation: The workshop preparation involves an initial meeting with the Client's Project Manager to obtain the principal information required for the workshop. This enables the Project Manager and consultant to identify the people required to attend the workshop and to set a date for it. The Consultant produces and issues a Workshop Brief to the attendees explaining the purpose and format of the event. The Consultant also reviews project documents to ensure that risk management controls are included in the PID, Quality Plans and Stage Plans.

2. Facilitated Workshop (1 day): The output from the workshop is:

  • Updated Risk Log
  • Updated Risk Plans
  • Updated Risk Budget
  • List of Contingency Plans required

3. Review: The final part of the service is for the consultant to review the amended PID and Quality Plans (if required) and to review the final risk budget and contingency plans.

Deliverables

  • Workshop Brief
  • Facilitated Workshop
  • Feedback on updated project documents

Reporting & Reviewing

The consultant reports only to the Client Project Manager for the duration of the service.

Price

WPM offer this service for a fixed fee of £4,450 (ex VAT) inclusive of expenses.

Product Code

CON-005

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