Presentation on theme: "Risk Identification Techniques"— Presentation transcript:
1 Risk Identification Techniques Interview with SME’s (Subject Matter Experts)BrainstormingDelphi TechniqueNominal Group TechniqueCrawford SlipAnalogyChecklist, forms, and templatesSWOTCause & Effect Diagram
2 Interview with SME’sSME’s (Subject Matter Experts) Technique used to inquire about issues related to doubts and other technical characteristicsProcessDefine the SCOPE with facilitatorlist of interviewees (subject matter experts)Develop the questionsSend and receive answersConsolidate responsesFrom
3 Brainstorming Identification of many Risks Team must be available Highly creativeEncourages teamworkIf NOT adequately executed, it can lead to “chaos”From
4 Brainstorming Process Define the scopeGet a facilitatorGet a list of participantsConduct brainstorming sessionConsolidate responsesFill up the list with the identified risksFrom
5 Delphi TechniqueA way to reach a consensus of experts (Interview SME’s (Subject Matter Experts)A facilitator uses a questionnaire to get ideas about important risksResponses are summarized, & recirculated to experts for further commentHelps reduce bias, & having 1 person have undue influence on the outcome
6 Delphi Technique cont. Interviews are anonymous Used when there may be conflicts or when brainstorming is not recommendedUsed to get comments from competitorsSLOW PROCESS
7 Nominal Group Technique Used in problem solving sessions to encourage creative thinkingIndividual brainstormingGet the info in advanceMix of individual and group participationFast and effectiveLessens the “chaos” of brainstormingEach member of the group writes down his or her ideas, which are then discussed and prioritized one by one by the group
8 Crawford Slip 1920’s, with pieces of paper Used to identify many risks in a short period of timeUse it when you do not have time or ability to discuss ideas, and just want to collect people's thoughts.Uses a “slip” or “post-it”Individual brainstormingGroup consolidation
9 Analogy Based on previous history Reference is needed What risks other similar projects hadReference is neededAvailable information must be adjusted to the current scenario
10 SWOT Strengths, Weaknesses, Opportunities, Threats From
11 SWOT cont.A method used for controlling areas of planning and risk and highlight areas of the project that could be maximized to the benefit of the whole projector individual areas where some competitive advantage may be gained.It is used to evaluate particular activities of the project in order to optimize their potential as well as to evaluate risks
12 SWOT cont.Normally performed during the initial project start-up phase so that the elements of the analysis can form the basis of the project planAlso can be used later in the project IF the project is running into difficulties with scheduling, deliverables or budget and needs to be brought back on track.
13 Cause & Effect Diagram (Explanation: Next 2 slides) Aka Fishbone DiagramIdentify risks
14 Cause & Effect Diagram cont. Graphically illustrates the relationship between a given outcome and all the factors that influence this outcome.Specify the effect to be analyzed. The effect can be positive (objectives) or negative (problems). Place it in a box on the right side of the diagram.
15 Cause & Effect Diagram cont. List the major categories of the factors that influence the effect being studied.The “4 Ms” (Methods, Manpower, Materials, Machinery) or the:“4 Ps” (Policies, Procedures, People, Plant) are commonly used as a starting point.