RISK WORKSHOP AGENDA

Risk Workshop Agenda

Risk Workshop Agenda

DAY 1

Morning

Introduction

In 1952, Nobel Laureate Harry Markowitz introduced the concept of Portfolio Management within his establishment of Modern Portfolio Theory (MPT) - a theory suggesting methods to determine the specific mix of investments given expected return and risk tolerance. Although MPT was initially developed by Markowitz specifically for financial investments, such as securities, the researcher known as Warren McFarlan in 1981 demonstrated nearly three decades later, how some MPT concepts could be generalized to information technology (IT) projects, providing the basis for modern IT Project Portfolio Management (PPM). Therefore, the main focus in this topic would be to discuss the issues associated with the implementation of IT Project Portfolio Management in the organizations. This would also assist in identification of the Risk Management issues associated with the implementation of IT Project Portfolio Management.

Confirm Project Objectives

The objectives of the IT Project Portfolio Management are:

Describing the general importance of PPM by reviewing its strong theoretical roots, the benefits associated with its adoption, problems caused by the lack of it, and recognition of its value by industry experts.

The sharing of the thoughts about the design of the PPM KMS framework through a literature review of different PPM implementation sub-topics, including typical organizational participants in PPM processes.

Validating the existence of the gap that the present study purports to address and characterize it through a literature review of different aspects of the relationship between the PPM and organizational knowledge.

Confirming the importance of addressing the identified gap by aligning the gap with specific problems caused by it.

Confirm Scope of Risk Process for this Workshop

The scope of the Risk Process for the IT project will matter considerably and they would be defined as well in the Workshop. Key project risks include an inability to obtain the anticipated project benefits, cost overrun, and failure to deliver the project result on time; these factors are strongly affected by further dimensions, such as project size, prior experience of the organization with the technology, and the structure of the project. This is the reason why the option of the IT PPM project has been selected which would assist the management in employing a consistent and organized, risk-based approach to the selection and management of IT projects, as well as calculate and control the aggregate risk profile for the entire IS portfolio.

Workshop Ground Rules

All the rules of the Workshop would be made very clear to all the people visiting the workshop. The rules of the Workshop are mentioned in the next page are:

All the participants in the Workshop needs to main the decorum and help in enforcing discipline throughout the workshop.

The participants must concentrate on the workshop and they should not indulge in any sort of socialization activity.

The participants must bring notebooks, registers and pen along with themselves in order to note down all the important information discussed during the workshop.

The participants will also take part in the Questions and Answers session after the briefing of the important information related ...