Share the Wealth Through Good Risk Management 
Warren Scheinin
Systems Engineer
Northrop Grumman Mission Systems

Introduction:

Over the past decade, great strides have been made in understanding the need for project risk management planning and execution to increase the quality of products delivered to our customers, as well as to reduce cost and schedule. My personal experience has been that establishing risk management plans and procedures during project start up and execution routinely allows us to identify and handle potential problems before they can significantly impact product robustness, timeliness and reliability. While I was able to reap the benefits of informally practicing risk management in an environment that was hostile to change, I found that using a formal, structure risk management process was much more efficient and effective. The purpose of this presentation is to reach out to fellow practitioners, customers and suppliers to encourage them to make risk management an important part of their overall project management process.

Participants will learn:

• The importance of Risk Management as a labor saving device
• It takes a plan to do risk management
• If you don't know where you are going, you will probably wind up where you don't want to be
• It is best to start early and often
• The more, the merrier

Outline:

• The Set Up
• Agenda
• A Brief History of the Presenter
• Data from past Northrop Grumman projects and proposals
• High Impact of Risk Management
• Impact on Business Acquisition And Project Execution
• The Challenge
• The Need to Predict the Future
• The Importance of Engaging all Stakeholders
• The Solution
• A Decision Management Tool
• Start Early and Often
• A Tiered Approach
• Tying It All Together
• The Payoff
• Qualitative Indicators of Improvement on Projects
• Benefits to the Individual, the Project and the Company
• Summary

Biography:

Warren Scheinin is a systems engineer at Northrop Grumman Corporation's (NGC) Mission Systems Sector where he has assisted projects in process improvement and maturity audits and assessments over the last six years. He has over 35 years of experience in software development and management and teaches his Sector's risk management course. Warren has assisted dozens of projects in attaining ISO-9000 and CMM Level 3 through CMMI Level 5 certifications at four major aerospace companies. He is a co-author of the NGC Risk Management Handbook and several procedures and member of the Risk Management Community of Practice. His work on risk sources and categories has been incorporated into a commercially available tool.

Warren has earned a BS in Electrical Engineering from the Johns Hopkins University and an MS in Computer Science from the Applied Physics Lab in Columbia , Maryland.