Risk Management
All projects carry risks. The aim of the Risk Management aspect of Inception is to lower the overall risk of the project. This will result in a higher confidence that the delivery plan and ultimately the go / no go decision which are the outputs of Inception will be correct.
As required
Key Focus: Project Risks
Inception Team
Risk Management
- All risks and the solutions to mitigate them are continually prioritised by the team during inception
- Prioritisation is based on an assessment of Severity and Impact to the project
- Any high priority risks are selected by the team and dealt with during the inception period.
- Low priority risks can be dealt with after inception
POC / Spike / Investigation
- The aim of the solution is not to de-risk the project completely, but to lower the specific risk as quickly as possible
- Problems are time boxed by the team with clear definitions of done for each risk
- Clearing one risk may generate additional risks for the project approach which are prioritised against other risks.
- Any risks that can not be mitigated may affect the go / no go decision at the end of inception