Risk Assessments

Risk assessments help reduce the likelihood of a risk becoming a major delivery or reputational issue. Risks are first identified, and then are accepted, mitigated, or transferred. Independent risk assessments are often performed on high profile projects, when CIO or PMO Leaders sense a challenge with a project, or when they first take office and would like an independent view on delivery success to date.

It is best to perform risk assessments early in the project to ensure that mitigation strategies can be incorporated into planning, schedule and budget. An independent third-party facilitator conducts documentation reviews, workshops, and/or interviews with relevant stakeholders.

A formal assessment report will be drafted, and reviewed with relevant stakeholders to ensure accuracy. The findings can then be presented to management. Recommendations will specifically focus on risk mitigation, transfer or acceptance strategies and can be used by the project manager on an ongoing basis to manage their project.

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