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Risk Identification Techniques Interview with SMEs (Subject Matter Experts) Brainstorming Delphi Technique Nominal Group Technique Crawford Slip Analogy.

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Presentation on theme: "Risk Identification Techniques Interview with SMEs (Subject Matter Experts) Brainstorming Delphi Technique Nominal Group Technique Crawford Slip Analogy."— Presentation transcript:

1 Risk Identification Techniques Interview with SMEs (Subject Matter Experts) Brainstorming Delphi Technique Nominal Group Technique Crawford Slip Analogy Checklist, forms, and templates SWOT Cause & Effect Diagram

2 Interview with SMEs SMEs (Subject Matter Experts) Technique used to inquire about issues related to doubts and other technical characteristics Process Define the SCOPE with facilitator list of interviewees (subject matter experts) Develop the questions Send and receive answers Consolidate responses

3 Brainstorming Identification of many Risks Team must be available Highly creative Encourages teamwork If NOT adequately executed, it can lead to chaos

4 Brainstorming Process Define the scope Get a facilitator Get a list of participants Conduct brainstorming session Consolidate responses Fill up the list with the identified risks

5 Delphi Technique A way to reach a consensus of experts (Interview SMEs (Subject Matter Experts) A facilitator uses a questionnaire to get ideas about important risks Responses are summarized, & recirculated to experts for further comment Helps 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 recommended Used to get comments from competitors SLOW PROCESS

7 Nominal Group Technique Used in problem solving sessions to encourage creative thinkingproblem solving creative thinking Individual brainstorming Get the info in advance Mix of individual and group participation Fast and effective Lessens the chaos of brainstorming Each member of the group writes down his or her ideas, which are then discussed and prioritized one by one by the groupwritesideas

8 Crawford Slip 1920s, with pieces of paper Used to identify many risks in a short period of time Use 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 brainstorming Group consolidation

9 Analogy Based on previous history What risks other similar projects had Reference is needed Available information must be adjusted to the current scenario

10 SWOT Strengths, Weaknesses, Opportunities, Threats

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 project or 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 plan Also 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 Diagram

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.


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