Fortune 100 company’s consulting business was analyzing risk requirements, evaluating risk tools, selecting a risk solution, developing risk training and deploying risk training worldwide.
The situation was:
- No software risk tool in use
- Project risk being handled just with spreadsheets project by project
- No roll-ups of quantitative risk data
- Only executive dashboard roll-up of risk data, which was qualitative at project level only
- Inconsistent treatment of risk project by project
- No portfolio level view of risk
- No portfolio level quantification of risk
- No standard metrics for risk
Results from transformation:
- Developed worldwide standard requirements for risk management
- Developed worldwide risk thresholds, qualitative and quantitative
- Developed global risk management methodology
- Evaluated more than a dozen software risk management providers
- Top global software risk providers given request for information
- Final vendor selected
- Worked with selected vendor to enhance product to support global risk management methodology
- Developed training curriculum for global risk methodology
- Deployed global risk training from entry level standard PMI training up through senior global program management training