Often, great ideas just pop out of discussions. Today is a great example. As the class discussed the PMBOK Guide approach for monitoring risks, one of the students shared their experience of managing a multi-million dollar project’s risks using a war room (extra credit if anyone recalls how war rooms are used and which knowledge area they relate to) and this simple graphic:
How do you use it? It is pretty intuitive, no? For additional detail, simply, cross-reference to your Risk Register. All the event details, including its owner, the proposed “a priori” response and results should be listed there (or in the Issues Log).
What is so appealing about this graphic is its simplicity. You see the trend for, potentially, hundreds of risk events without scouring line after line of Risk Register. Very nice!