New access to resource related to upside risk management added to PMWL
5 July 2021 – Dallas, TX, USA – In case you missed it, new access to a useful previously posted resource related to opportunity (upside risk) analysis is available in the PM World Library (PMWL). The resource titled “Opportunity Analysis Under Strategic Program Management” is a paper by Bob Prieto that was originally published in the PM World Today eJournal in September 2010 and republished in the December 2020 edition of the PM World Journal.
According to the authors’ introduction: “Strategic Program Management is about meeting the challenges of scale and complexity but also about capturing the opportunities of leverage. Every major program as well as the projects that comprise it is the subject of a detailed and rigorous risk analysis. This is not only appropriate but also necessary. But in order to capture the full value inherent in large programs, the program management consultant or PMC must be seeking out opportunities in a proactive and ongoing manner.
The PMC’s opportunity analysis is best constructed within a framework that ensures a comprehensive view of all aspects of the program. Unlike various risk frameworks and categorizations that exist, there is no comparable opportunity framework for program management in the engineering and construction industry. This paper outlines one possible framework that draws on the “Ten Types of Innovation” by Doblin Research and presents an initial checklist to facilitate opportunity assessment in large engineering and construction programs.”
To read this article, visit the Applications and Hot Topics section of the library at https://pmworldlibrary.net/applications-and-topics/, scroll down and click on “Opportunity (Upside Risk) Analysis, Capture, Management”. Scroll down to resource. Registration is required to access; to see who has free access, visit https://pmworldlibrary.net/who-gets-free-basic-access/
