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Nicolai Schoch
Nicolai Schoch
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I usually prioritize them based on impact and probability, just like primary risks. However, stakeholder tolerance levels are also crucial.
On Monitor risk response for secondary risks
Agreed. It not only tracks risks but also the effectiveness of responses, which is crucial for assessment.
On Assess the effectiveness of the risk response actions against the identified strategy and the project objectives impact
What roles and responsibilities do you assign in your governance boards?
On Define and establish a governance model including the structure (including but not limited to steering committees, governance boards), policies, and decision-making roles, esponsibilities, rights and authorities in order to support effective decision-making and achieve strategic goals.
Could someone explain how regulatory changes might pose a compliance threat in project management?
On Determine potential threats to compliance
Anyone have good examples of lessons learned repositories?
On Give examples of preliminary documents to review prior to risk identification includes industry benchmarks (if available), previous lessons learned, historical data, and the sources of the above information.
Consistency in measurement criteria across projects makes it easier to roll up metrics to the program level.
On Define standard measurement criteria for success for all constituent projects by analyzing stakeholder expectations and requirements across the constituent projects in order to monitor and control the program.
Good post, but I feel some areas could do with more real-world case studies.
On Anticipate future budget challenges
Emerging risks can be managed by incorporating risk mitigation activities in each iteration.
On Determine how to plan project iterations.
I disagree with setting a fixed percentage for the reserve; it should be dynamically adjusted throughout the portfolio lifecycle.
On Provide recommendation and obtain approval for a portfolio management reserve, based on aggregate portfolio risk exposure, in order to optimize portfolio strategic goals and objectives.
What tools are commonly used to track deliverables and ensure they are met?
On Approve closure of constituent projects upon completion of defined deliverables in order to ensure scope is compliant with the functional overview.
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