Re: Risk Management Sheet

I have often seen a spreadsheet with columns for how likely it is to 
happen, how much it would hurt if it happened, and a rank that is the 
product.  Sort by rank, worry about the top ones most. Or much more likely 
put the spreadsheet in a drawer and never see it again.

RISK                    LIKELIHOOD    SEVERITY      RANK
Goofy Manager              0.5                  7               3.5

Some folks love this because we did math and got numbers and numbers don't 
lie. We looked at risk earnestly, call the meeting a success, get back to 
work.  Please resist!  Use your brain!

Now on the useful side, here's a very cool map of risks to management 
patterns that might help: 
http://www.aptprocess.com/whitepapers/risk/RiskToPatternTable.htm

I'll also mention a neat definition of or maybe the measurable symptom of 
risk (wish I could attribute it correctly) as uncertainty in an estimate. 
If you look at a chunk of work and say "I don't know how long this will 
take because ..." you found a risk. I always used to say a risk was any 
threat to the schedule, but this says it in a more precise way. Identify 
the uncertainty and drive it out with one of them management patterns.

At 03:11 AM 5/20/2004, you wrote:

>Hello,
>
>I am a young software engineer.
>I search for a Risk Management Sheet.
>
>Thanks very much.
>
>
>Jean



 
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