April 18, 2012

Risk – Its all about time!

By theitriskmanager

I was talking to a colleague about risk. They mentioned that they list the risks and assign a probability and impact  to each risk. This appears to be the standard approach taught on many management courses.

“I take a different approach” I said “I only consider impact”.

I am interested in two measures.

  • How long it will take to fix the problem.
  • How long the business can survive with the problem.

If the time to fix the problem is less than the time the business can survive, we do not have a problem.

If the time to fix is greater than the time available, then we need some more options.

Olav and I mention a number of examples in our InfoQ risk article

Can you think of other examples?

About theitriskmanager

Currently an “engineering performance coach” because “transformation” and “Agile” are now toxic. In the past, “Transformation lead”, “Agile Coach”, “Programme Manager”, “Project Manager”, “Business Analyst”, and “Developer”. Did some stuff with the Agile Community. Put the “Given” into “Given-When-Then”. Discovered “Real Options” View all posts by theitriskmanager
This entry was posted on Wednesday, April 18th, 2012 at 4:11 pm and posted in Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.

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