Action Planning
About the Lecture
The lecture Action Planning by Simone Hoferer is from the course Risk Management (RM): Preparing Offers. It contains the following chapters:
- Introduction
- Goal of action planning
- Action steps
- Asking the right questions
- The Osborn-checklist
- Action plan requirements
- Strategies of action steps
- Limits of risk management
Included Quiz Questions
Action steps for risks include ...
- avoid, reduce, transfer and accept.
- avoid, reduce, transfer and insure.
- avoid, ignore, transfer and accept.
- rent, reduce, transfer and accept.
Action steps for chances include ...
- accept, keep/ share, improve and exploit.
- accept, improve and exploit.
- accept, keep/ share, improve and explore.
- accept, keep/ share, improvise and exploit.
What are action plan requirements?
- Measures should be easy to realize and to handle.
- Actions should be appropriate to risk.
- Involve customer, supplier and other project parties in the preparation of action measures.
- Schedule enough time for action steps.
- Involve as many people as possible to gain as many different views on the plan as possible.
What are the different action steps during the quoting stage?
- Define, exclude, insure and provide.
- Allow and provide a budget.
- Bear and communicate.
- Schedule and communicate.
- Define as broad as possible.
In the step “insure and provide” you should ...
- check the legal stability and credit-worthiness of a customer or supplier.
- agree upon an installment schedule and upon cash in advance or down payment.
- generate a letter of credit.
- insure proper planning and communication.
- check your insurance for flawless coverage of all possible dangers.
Risk management ...
- has also its limits like e.g. accidents, natural disasters or force majeure.
- helps to get a grip on every chance and to make the best use of each.
- is the only way to successfully deal with potential dangers.
- has no limits and can be used as much as one desires.
Author of lecture Action Planning
Simone Hoferer
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Excerpts from the accompanying material
... To be able to work out appropriate actions > To ...
... have identified risks and opportunities. We rated, evaluated and prioritized or even quantified ...
... more tokens in the own color. => Target of the action plan is the same thing: to convert risks ...
... cause Reduce probability or scope of effect transfer to third parties: customer, insurance, supplier ...
... Not identified chances. Accept and enjoy identified opportunities. Overall opportunities exploit ...
... How can we influence it to our advantage? Instead of: Can we influence it at all? ...
... find new and appropriate solutions. What? Who? When? How? What can I do? When is the most effective time?...
... or processes in a experimental, playful yet systematic way. Goal: To develop new ideas based on existing and available ...
... customer, supplier and other project parties in the preparation of action measures to gain the best possible solution. After finalizing ...
... during quoting stage: a) Define and exclude b) Insure and provide c) Allow and provide ...
... possible scope of works, content and kind of performance ...
... insurance e.g. for freight damage, variation in currency rate, guarantee insurance for payment default ...
... and security in budget. Choose adequate team size. Prepare emergency measures. Consider changes ...
... to covered from the profit or by the company. What can the budget compensate?. How much additional expenses ...
... potential problems ahead. Expect future changes and aberrations. Name triggers (events) to effect planned measures ...
... is calculated in? What needs to be done? Who is responsible for what? ...
... Accidents. Natural disasters. Dangers out of reach of influence such ...
