{"id":3498,"date":"2009-12-21T07:00:06","date_gmt":"2009-12-21T14:00:06","guid":{"rendered":"https:\/\/svapm.org\/?p=3498"},"modified":"2019-08-07T14:29:37","modified_gmt":"2019-08-07T21:29:37","slug":"is-mind-map-useful-for-risk-management","status":"publish","type":"post","link":"https:\/\/svapm.org\/?p=3498","title":{"rendered":"Is Mind Map useful for Risk Management?"},"content":{"rendered":"
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As a member of PM PM SIG group, <\/em>I recently attended breakfast session on Using Mind Maps for Risk Management.\u00a0 The presentation was good. It would have been even better if presenter\u2019s brand new laptop worked to display his slides\/Mind Map templates. We ended up spending quite a bit of time out of an hour long session to fix his laptop problem.\u00a0 I even heard a comment from somebody in back\u2026\u201dtalk about risk management\u2026\u201d \";)\" Still, I thought the talk was pretty good and found presenter very enthusiastic to\u00a0 present the topic.\u00a0\u00a0 I found it interesting and it made me think about how one can use Mind Map for Risk Management on different projects. <\/em><\/p>\n

How can we use Mind Map for Risk Management? First, let’s briefly talk about Mind Maps<\/em>.\u00a0 What is Mind Map? Mind map is a graphical network diagram with nodes or branches. It is\u00a0 laid out using different colors, and icons to help convey an idea. Mind Map can be very useful for brainstorming activity, hence they are often called brainstorm maps, are illustrated views of an idea. One of the most popular commercial\u00a0 Mind Map tools available is MindManager. We will use it for the purpose of discussion. <\/em><\/p>\n

According to <\/em>PMBOK,\u00a0 Time, Cost and Scope are three components of\u00a0 Triple Constraints. Risk has the potential to affect all of them. It\u2019s critical to manage risk as\u00a0 part of overall Project Management. That means identifying a set of processes for risk management that includes planning, identification, analysis, response, monitoring and control.<\/p>\n

During risk management process, once risk planning is completed, risk identification begins. Risk identification is an iterative process of determining potential project risks that are provided as input into future risk analysis and response planning processes. It is carried out during nearly all phases (planning, execution, monitor\/control,etc). The inputs such as WBS, scope statement, schedule, resource plan,etc. are used to develop a list of potential project risks.<\/div>\n

Mind Maps can be especially used for risk identification. The iterative nature of the risk identification process makes it a perfect candidate for mind maps. Note that it is also nonlinear as it is being done continuously during various phases.\u00a0 A risk may turn into other identified risks. It can be difficult to track them and express relationships between them as risk log evolves. During brainstorming session, project manager\u00a0 encourages team members to identify risks and uses a mind map to capture them and generates new ideas from the team. Again, this will be an iterative process and mind map for risk will evolve over the time. Over the time, relationships and dependencies evolve for various risks and are represented using nodes and arrows in mind map.<\/p>\n

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Later on, this mind map can be utilized for subsequent processes of Risk Management as well and can be extended to include risk response strategies, impact analysis,etc.<\/p>\n

In summary, the mind map enables brainstorming, relationship and prioritization of risks\u00a0 in graphical form (picture is worth 1000 words). It also helps to categorize project risks into the time, scope and resource categories. The mind maps present unique opportunity for project manager to mange risk effectively.<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

As a member of PM PM SIG group, I recently attended breakfast session on Using Mind Maps for Risk Management.\u00a0 […]<\/p>\n","protected":false},"author":1495,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9,1],"tags":[],"class_list":["post-3498","post","type-post","status-publish","format-standard","hentry","category-risk-management","category-miscellaneous"],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/posts\/3498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/users\/1495"}],"replies":[{"embeddable":true,"href":"https:\/\/svapm.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3498"}],"version-history":[{"count":1,"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/posts\/3498\/revisions"}],"predecessor-version":[{"id":14330,"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/posts\/3498\/revisions\/14330"}],"wp:attachment":[{"href":"https:\/\/svapm.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/svapm.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/svapm.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}