A risk management activity with a strong focus on identifying which potential approach out of the four main ones of the ROAM model is suitable to effectively handle potential risks of a project
This activity is centered around finding the appropriate approaches for handling effectively the potential risks entailed by a certain project developed within the organization. There are 4 main approaches: Resolved, Owned, Accepted, Mitigated, ergo the acronym ROAM.
The different stages of the activity bring clarity step by step and create the opportunity for the participants to better understand the magnitude of a certain risk (by assessing the level of probability and impact on the organization) and thus to better approach it. Participants get to explore different perspectives and learn also to accommodate them in their daily activities.
- Introduce the activity to the participants: objective, and instructions about the stages of the activity.
- Each team will name a team coordinator who will facilitate the discussion in the breakout room and then present the outcome to the other teams, based on the ideas written within the predefined template.
- Provide the activity link to each team.
- Members of each team choose a certain project from their professional activity to discuss during the 3 stages of the activity.
- Participants brainstorm and list the potential risks of a certain project. They write them down on the sticky notes posted on the brainstorming wall.
- For the second part of the activity, participants assess the level of probability and impact of each potential risk and indicate their perspective by using the labels predefined in Colltrain.
- The third stage of this activity invites participants to map these risks on the 4 quadrant model where ROAM stands for Resolved, Owned, Accepted, Mitigated. This stage may be the most challenging one since different perspectives have to be accommodated during this time-boxed activity.
- The team coordinator from each team will present the outcome to the other teams.
- The facilitator may ask the following questions:
- What did you discover during this activity?
- Was there anything surprising?
- What challenges did you face during this activity? How did you overcome them?
- How did you manage to accommodate different perspectives?
- How will these findings influence you in your daily activity?
- How likely are you to use the ROAM model when dealing with projects?
This activity follows the activity type guide from CARTA