Risk Management 5 Steps to Get it Going

Risk Management 5 Steps to Get it Going Today! © 2006 Pritchard Management Associates

It’s in Trouble Already… • Risk – The bad things that may happen – That no one likes to talk about – So they keep it short, sweet and…well, short © 2006 Pritchard Management Associates

Step One-Learn to say Risk! • Not – “We might be late” • Instead – “Justice might be late in getting us the list of interviewees, which may make us as much as three weeks late” Oh…and learn to say “opportunity”, too! © 2006 Pritchard Management Associates

Step Two-Learn to Say Risk Quickly…and with the team! © 2006 Pritchard Management Associates

Step Three - Sort Those Risks! asdlkf r 09 t 7 © 2006 Pritchard Management Associates sdg 09 h dksj misc.

Let’s call it “High Probability” • Has it happened more than twice? • If we did this three times, could we expect it twice out of the three? • Is the environment making it more likely? © 2006 Pritchard Management Associates

Let’s Call it High Impact! • Will management see it? • Will it cause a delay in a mandatory date? • Will it cost enough to force us back to the customer/Congress? © 2006 Pritchard Management Associates

Step Four-Share the Plan! I thought you meant it was likely, not important! © 2006 Pritchard Management Associates Prob/Imp High = Med = Low =

How Do We Share? • Warning signs/symptoms • Triggers • If you…then I… © 2006 Pritchard Management Associates

Warning Signs? ? © 2006 Pritchard Management Associates

Step 5 – Respond! • • Avoid Accept Mitigate Transfer © 2006 Pritchard Management Associates

Repeat and repeat and… carl@carlpritchard. com 301 -606 -6519 © 2006 Pritchard Management Associates