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Representative POMs are described for Programme Risk Management at each level of maturity.

1Initial

• Practice

  Rely on the best endeavours of staff.

  Outcome

  An immediate basic capability is turned on.

  Metric

  Number of experienced staff.

• Practice

  Leverage professional associations and networking to identify working approaches known to be effective.

  Outcome

  The implementation of working approaches that are known to be effective is very fast.

  Metric

  Number of approaches, methods, tools, or processes adapted from outside to get up and running.

2Basic

• Practice

  Develop processes to identify programme risks associated with programme components.

  Outcome

  Project risks are identified.

  Metric

  Number of programme risks identified through component risk assessments.

• Practice

  Develop processes and procedures to manage identified programme risks.

  Outcome

  The management of programme risk improves.

  Metric

  Number of IT risk categories addressed in processes and procedures.

3Intermediate

• Practice

  Ensure both positive and negative risks are identified and managed.

  Outcome

  Risk management addresses the minimization of potentially negative risks and the maximization of potentially positive risks.

  Metric

  Number of both positive and negative risks being managed.

• Practice

  Communicate and promote the use of programme risk management-related processes.

  Outcome

  Stakeholder assistance in identifying and managing programme risk is enhanced.

  Metrics

  • Number and frequency of risk management communications.
  • Stakeholder surveys to check satisfaction.

4Advanced

• Practice

  Analyse risks as potentially emerging from multiple sources and as having multiple (differing) impacts on programme components.

  Outcomes

  • Programme risk management is more comprehensive and effective.
  • One is less likely to hear… ‘I didn't see that one coming’.

  Metrics

  • Number of risks identified as having multiple potential sources.
  • Number of risks with potentially multiple impacts on the project portfolio.

• Practice

  Leverage and enhance the project management information system (PMIS) to support ongoing improvements.

  Outcome

  Many risks are cyclical (e.g. flooding, storms, etc.) and learning from the past enhances risk management approaches.

  Metric

  Number of cyclical risks identified.

5Optimized

• Practice

  Analyse the likely impact of risk and potential risk events from the perspectives of multiple stakeholders.

  Outcomes

  • Some risk events can be beneficial to some stakeholders while negatively impacting others.
  • The rationale for decisions needs to be communicated sensitively.

  Metric

  Number of stakeholder perspective risk management views available.

• Practice

  Execute a programme of continuous improvement around programme risk management that leverages best-known industry practice, research findings, and the advice of programme management tools vendors.

  Outcome

  Programme risk management uses best-known industry practices.

  Metric

  Number of programme risk management innovations.