How do you measure risk? – Perficient Business Process Excellence Blog
Perficient Business Process Excellence Blog Blog

How do you measure risk?

The first thing you have to ask yourself is, “What truly is the risk I need to measure?”  The biggest risk to any IT project is how well you measure risk itself.  According to Doug Hubbard, a leader in this industry. “The biggest problems or those with the  highest risk are the ones that get the least risk analysis.”  This is simply because we focus on the tasks that are most common, rather than the large one-offs that catch us by surprise.  There is a very interesting video about this at http://www.irise.com/resources/view_video/generalVideo_45

Increasing the likelihood that your project will be successful is the holy grail of project management.  Until a few years ago, mediocre tactics have used to “ensure” project budgets stay on course and time lines do not go over what was originally projected.  These methods are fundamentally flawed because they solely rely on customer testimonials and not actual facts.

Visualization has been proven to decrease project costs by up to 30%, by measuring the time it would take to create a project without it, side-by-side.  Tools like iRise have been helping companies experience true risk management by allowing them to see the project before it even begins.  They remove all the questions about what it will look like, function like or what data will be included, simply by visualizing it first.

The biggest risk to not visualizing your software project first, is the simple fact that you are human and everyone else on the project is also.  As humans we are creatures of our environment and our biology can only interpret or create that which already exists for us in our background of understanding.  By this fact, having a group of humans imagine something that does not exist, the same way, is clearly impossible.  In fact, when a BA, IA or UX resource is working with stakeholders on a new concept, it often looks like the below image.  Everyone has their own idea of what is being described and usually intend that the project will turn out that way.  Obviously this is flawed thinking, but it does not change the fact that our customers do intend to get what they imagine.

The best way to avoid risk is to illuminate the unknown and Enterprise Visualization can do just that.

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