Risk management for project driven organizations : a strategic guide to portfolio, program and pmo success

Title:

Personal Author:

Jordan, Andy

Publication Information:

Plantation, FL : J. Ross Publishing, 2013.

Physical Description:

xxi, 334 p. ; ill. ; 24 cm.

ISBN:

9781604270853

Subject Term:

Risk management.

Project management.

Available:*

Library	Item Barcode	Call Number	Material Type	Item Category 1	Status
Searching... PSZ KL	33000000016420	HD61 J673 2013	Open Access Book	Book	Searching... Unknown

Organizations invest a lot of time, money, and energy into developing and utilizing risk management practices as part of their project management disciplines. Yet, when you move beyond the project to the program, portfolio, PMO and even organizational level, that same level of risk command and control rarely exists. With this in mind, well-known subject matter expert and author Andy Jordan starts where most leave off. He explores risk management in detail at the portfolio, program, and PMO levels. Using an engaging and easy-to-read writing style, Mr. Jordan takes readers from concepts to a process model, and then to the application of that customizable model in the user's unique environment, helping dramatically improve their risk command and control at the organizational level. He also provides a detailed discussion of some of the challenges involved in this process. Risk Management for Project Driven Organizations is designed to aid strategic C-level decision makers and those involved in the project, program, portfolio, and PMO levels of an organization.

Author Notes

Andy Jordan, PMP, President of Roffensian Consulting Inc., an Ontario, Canada based management consulting firm, is a well-known author and expert on project management and related topics. His literary works have been printed in industry and corporate publications worldwide. Andy is a prolific writer with new articles appearing weekly on projectmanagement.com with an audience of nearly 600,000 IT project managers and executives; and for projectsatwork.com with an audience of more than 120,000 program and portfolio managers. He is also a sought-after speaker and moderator of in-person and web-delivered events for private clients and industry associations, and is an accomplished instructor on project management, risk management, leadership and communication related subjects.Mr. Jordan has assisted organizations in all aspects of portfolio, program and project execution as well as PMO structure and process. His successful track record includes managing business-critical projects, programs and portfolios in Europe and North America, in industries as diverse as investment banking, software development, call centers, telecommunications and corporate education. He also developed an impressive reputation for turning around troubled project execution functions and delivering meaningful business results while maintaining and developing team performance and morale.

Dedication	p. iii
Preface	p. xi
Acknowledgments	p. xv
About the Author	p. xvii
Introduction	p. xix
Section 1 p. 1
1 Business Level Risk	p. 3
External Risk Environment	p. 4
Internal Risks	p. 7
Risk Inevitability	p. 9
2 Risk Relationships	p. 11
Risk Driven Relationships	p. 12
Action Driven Relationships	p. 13
Managing Relationships	p. 14
3 Risk Impact	p. 17
Project Level Risk Impact	p. 19
Program Level Risk Impact	p. 20
Portfolio Level Risk Impact	p. 23
Organizational Level Risk Impact	p. 27
PMO Level Risk Impact	p. 29
Impact Containment	p. 31
4 Risk Command and Control	p. 33
Understanding Risk Exposure	p. 34
Ability to Withstand Risks	p. 35
Risk Analysis Accuracy and Currency	p. 36
Appropriateness of Risk Management Approaches	p. 38
Effective Command and Control	p. 39
5 Creating an Organizational Risk Profile	p. 41
Theory of the Profile	p. 42
Risks to Which the Organization Is Exposed	p. 42
Risks Consciously Accepted	p. 43
Ability to Influence, Control, and Absorb Risks	p. 43
Building a Risk Profile	p. 44
Understanding the Numbers-Risk Management	p. 47
Understanding the Numbers-Risk Impact	p. 49
Understanding the Numbers-Capacity	p. 55
Analyzing the Profile	p. 59
Ownership of the Organizational Risk Profile	p. 64
Section 2 p. 65
6 The Risk Management Partnership	p. 67
Process Partnership	p. 68
People Partnership	p. 70
Beyond Risk	p. 72
Organizational Partnership	p. 73
7 The Organizational Risk Management Process	p. 75
The Constraints Hierarchy	p. 76
Sequencing of Organizational Risk Management	p. 79
8 Process Framework-Risk Identification	p. 85
Inputs	p. 85
Process Elements	p. 88
Outputs	p. 91
9 Process Framework-Risk Analysis	p. 93
Inputs	p. 93
Process Elements	p. 95
Outputs	p. 108
10 Process Framework-Risk Management	p. 111
Inputs	p. 112
Process Elements	p. 113
Outputs	p. 122
11 Process Framework-Contingency and Impact Assessment	p. 123
Inputs	p. 123
Process Elements	p. 125
Outputs	p. 131
12 Process Framework-Adjust and Refine	p. 133
Variations from within Risk Management	p. 134
Externally Driven Variations	p. 136
13 Portfolio Level Risk Management	p. 139
Portfolio Risk Management in Context	p. 139
The Scope of Portfolio Risk Management	p. 140
Resourcing Portfolio Risk Management	p. 145
Managing Portfolio Risk Changes	p. 147
Strategic Portfolio Risk Management	p. 150
14 Program Level Risk Management	p. 157
Program Risk Management in Context	p. 158
The Scope of Program Risk Management	p. 159
Program Risk Management Downloading	p. 161
Program Risk Management Uploading	p. 166
Resourcing Program Risk Management	p. 168
Program Risk Changes and the Impact of the Portfolio	p. 169
The Impact of Time on Program Risk	p. 171
15 Impact of Organizational Risk Management on Projects	p. 173
Project Risk Management Fundamentals	p. 173
Portfolio and Program Driven Change	p. 174
Portfolio and Program Generated Risk Management	p. 176
Project Generated Portfolio and Program Risk Exposure	p. 178
16 The Role of the Project Management Office	p. 181
A Note about EPMOs vs. Traditional PMOs	p. 181
PMO Functions Supporting Risk Management	p. 182
Process Ownership	p. 183
Organizational Culture	p. 184
Education and Training	p. 187
Skills, Knowledge, and Judgment Training	p. 188
Process Training	p. 189
Process Audit and Control	p. 191
Control	p. 192
Audit	p. 195
Risk Audit	p. 199
Process Improvement	p. 201
Independent Facilitator	p. 204
Expert Guide	p. 205
Section 3 p. 207
17 Overview to Implementation	p. 209
It's a Project!	p. 210
Implementing Risk Management Increases Risk	p. 212
Commitment to the Work	p. 213
Never Lose Sight of the Goals	p. 214
18 Organizational Analysis	p. 217
Portfolio Management Maturity	p. 218
Process Environment and Culture	p. 219
Risk Management Success	p. 221
Risk Awareness	p. 222
Organizational Constraints Hierarchy	p. 223
Selecting Champions	p. 224
Organizational Priorities	p. 226
Organizational Needs	p. 227
Leveraging the Analysis	p. 228
19 Project Initiation	p. 229
The Right Start	p. 230
Identification of Stakeholders	p. 231
Sourcing of Resources	p. 232
Communication Strategy	p. 234
Organizational Integration	p. 235
20 Process Analysis	p. 239
Understanding the Scope	p. 240
Understanding the Scale	p. 244
Validating the Approach	p. 248
21 Process Development	p. 249
Defining the Process Structure Framework	p. 250
Process Creation Basics	p. 254
Don't Reinvent the Wheel	p. 255
From Framework to Process	p. 256
What Should the Implementation Look Like?	p. 258
Who Should be Responsible?	p. 260
What Information Is Needed?	p. 264
What Information Is Generated?	p. 268
What Tools and Templates Are Needed?	p. 271
What Are the Exceptions?	p. 274
What Support Material and Process Is Required?	p. 278
Finalizing the Process	p. 279
22 Process Implementation	p. 283
Determining the Pilot Approach	p. 284
Pilot Implementation	p. 288
Organizational Risk Management Pilot Issues	p. 291
Missed Risks or Missed Impacts	p. 291
A High Number of Triggered Risks	p. 293
Ineffective Risk Management	p. 295
Failed Contingency	p. 299
Process Rollout	p. 302
Project Closeout	p. 304
23 Process Improvement	p. 307
Organizational Implementation Review	p. 307
Continuous Improvement	p. 311
Review and Implementation Process	p. 312
24 The Impact of Technology	p. 317
Risk Management and PPM Software	p. 318
Other Technology Considerations	p. 321

Available:*

On Order

Summary

Summary

Author Notes

Table of Contents