New PDF release: A Blueprint. Corporate Governance

By Fred R. Kaen

ISBN-10: 081440586X

ISBN-13: 9780814405864

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Extra resources for A Blueprint. Corporate Governance

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Some of this apprehension can be alleviated by having a FRAAP awareness session throughout the organization. Many times, it is the fear of the unknown that causes team members to hold back. Brief awareness sessions that explain the reasons for and the process done by the risk assessment process will afford the team members a greater feeling of participation. The Facilitated Risk Analysis and Assessment Process (FRAAP) ◾ 21 ◾ Stay within identified roles. Introduce the facilitator and scribe. Explain that your job is to get the FRAAP completed within the limited time frame.

Project scope Draft the FRAAP scope statement. 9 (continued) Pre-FRAAP Meeting Checklist Directions Issue Activity ◾ Business functions ◾ People and organizations ◾ Locations/facilities 10. Time dependencies Identify any time issues and enter them into the constraints section of the scope statement. 11. Risks/constraints Record any issues that may impact the results of the FRAAP. 12. Budget Where appropriate, establish a work order number or project identification number that FRAAP team members can use in time reporting.

As we discussed earlier, it is important for the team to keep focused on the task at hand. If a number of separate conversations break out, then the objectives of the FRAAP session may not be completed during the allotted time. ◾ Apply the three- to five-minute rule. When discussing the risk level-setting ­factors, it is important that, after the first three or four discussions, a time limit be more or less adhered to. When all of the preliminary activities have been concluded, it is time to begin the risk assessment process.

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A Blueprint. Corporate Governance by Fred R. Kaen

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