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By the end of the session, you will be able to…

• Apply problem solving techniques to manage risk and overcome unexpected challenges

You’re required to:Write a risk management plan, show in your status report how unexpected problems were solved, and evaluate the process

Risk management

“Anticipate the difficult by managing the easy.”

Lao Tzu"Named must your fear be before banish it you can.“

Yoda

Brainstorm: Why risk management?

Write down 3 reasons why risk management is important

What we said

• Allows you to identify threats to smooth delivery of your project

• Increases your ability to cope when (not if!) something goes wrong

• Serves to manage expectations about your project and avoid nasty surprises

Risk management: back to our nice cup of tea!

Event Scenarios

• What are some of the major risks for each of these projects?

• How likely are they to occur, and how severe would the effect be on the project?

1. Conducting interviews2. Fresher's Fair stand3. Pub quiz fundraising event

Over to you!

Assignment: Write your risk management plan for these

three scenarios

Contingency planning – being prepared!

Contingency planning

• Risks are combatted by the drawing up of contingency plans

• We’ve prioritized, and assigned the possibility of each risk – now these need to be mitigated

• In effect – a series of worst case scenarios need to be planned for, to guard against project failure

Contingency planning for our cuppa

Over to you!

Assignment: Write contingency plans based on the risk

management scenarios, for submission two weeks from today