Pre-Mortems are one of the most underused tools in your #ProdMgmt toolkit.
Unlike Post-Mortems which most are familiar with, rather than waiting until the end when everything has already gone wrong. A Pre-Mortem is done at the start of a project or item of work.
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Unlike Post-Mortems which most are familiar with, rather than waiting until the end when everything has already gone wrong. A Pre-Mortem is done at the start of a project or item of work.
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During a Pre-Mortem the team and relevant parties will seek to predict what might go wrong and then work backwards to identify ways in which they could mitigate those things from happening.
A framework I like to use to facilitate Pre-Mortems is the matrix above.
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A framework I like to use to facilitate Pre-Mortems is the matrix above.
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It’s a risk matrix which looks to prioritise according the risk's likelihood of occurring and the impact.
High Likelihood + High Impact = Avoid
Low Likelihood + High Impact = Reduce/Exploit
High Likelihood + Low Impact = Share/Transfer
Low Likelihood + Low Impact = Accept
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High Likelihood + High Impact = Avoid
Low Likelihood + High Impact = Reduce/Exploit
High Likelihood + Low Impact = Share/Transfer
Low Likelihood + Low Impact = Accept
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❌ AVOID
These are your high impact & high likelihood risks and therefore should be avoided.
🔻 Reduce/Exploit
High impact risks but low likelihood risks. Seek out ways to reduce their impact or exploit them in order to gain a benefit from (risk vs reward).
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These are your high impact & high likelihood risks and therefore should be avoided.
🔻 Reduce/Exploit
High impact risks but low likelihood risks. Seek out ways to reduce their impact or exploit them in order to gain a benefit from (risk vs reward).
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🤝 Share/Transfer
High likelihood risks however low impact. Look for ways to either transfer or share the risk between other parties.
✅ Accept
These are low impact and low likelihood risks, therefore the cost to avoid or reduce these risks often outweigh the benefits.
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High likelihood risks however low impact. Look for ways to either transfer or share the risk between other parties.
✅ Accept
These are low impact and low likelihood risks, therefore the cost to avoid or reduce these risks often outweigh the benefits.
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Anyone with experience with Pre-Mortems I’d love to hear about it in the comments!
Do you regularly run Pre-Mortems at your organisation?
What benefits have you found from them?
Do you regularly run Pre-Mortems at your organisation?
What benefits have you found from them?
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