A FTSE 10 Oil and Gas Exploration organisation appointed JBA todevelop a Risk Management System. Furthermore, JBA were selected toassist in the management of the risk register for a largetransformation programme, geared at turning the Procurement &Supply Chain directorate around proactively and more costeffectively. The challenge Working with the PSCM Programme Manager,JBA were tasked with the development of a proactive Risk ManagementSystem and support in the tracking, monitoring and management ofrisk. The JBA solution The JBA team implemented a robust RiskManagement System, in line with the Association of Project ManagersPRAM (Project Risk and Analysis Method). This involved initiatingthe Risk Management process; identifying the risks; assessing therisks for probability and impact, and planning an appropriateresponse. The solution was implemented in a controlled and robustway and due diligence was paid to the continued monitoring ofrisks. The results JBA successfully delivered the programme ontime, within budget and to desired quality standards. Its inputmeant that PSCM could mitigate and transfer risks that occurred ina timely manner, and no longer had to 'fire fight' its way out ofrisk occurrences. JBA left PSCM staff confident that they couldsuccessfully manage risks associated with projects in thefuture.
Debate the inputs, tools and techniques, and the outputs of therisk management process as prescribed by the PMI. Your discussionmust reference the case study even if you have to make someassumptions.
