Presentation is loading. Please wait.

Presentation is loading. Please wait.

Risk Identification Techniques

Similar presentations

Presentation on theme: "Risk Identification Techniques"— Presentation transcript:

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

2 Interview with SME’s SME’s (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 From

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

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 From

5 Delphi Technique A way to reach a consensus of experts (Interview SME’s (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 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 group

8 Crawford Slip 1920’s, 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 Reference is needed
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 Identify 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.

Download ppt "Risk Identification Techniques"

Similar presentations

Ads by Google