In this post we talk about GRASP, the first ever application of lean thinking oriented business transformation principles to risk management of complex projects.
GRASP is the lean method for project risk management
GRASP is a soft-systems methodology that uses stakeholder oriented analysis to make it easier for any management team to determine what should be done to ensure its projects go forward successfully, that its strategic planning is sustainable and its critical decisions more likely to gain widespread support.
The methodology makes it easier to identify less obvious but nonetheless important opportunities, search for underlying causes of risk to the project and better define the inevitable uncertainties and assumptions present in all projects. In short, the GRASP risk management methodology is for deciding on the best way forward for a project’s sponsor, its management team and for the project itself, always given the prevailing circumstances and however critical the project’s true situation.
Lean Risk Assessment and Strategic Planning
GRASP has its origins in discussions and side-debates held during the UK’s ESRC / LSE 1991 Seminar series “Rethinking System Failure, Hazard Management and Institutional Design”. The methodology provides project practitioners with a means whereby they can quickly arrive at an understanding of what exactly is happening with their project that needs fixing and what external influences could block their efforts or cause unexpected and serious difficulties. By the way this is done GRASP also makes it easier for them to see the relevance of available guidance on managing and delivering successful projects. The project’s management can then put right what is under its immediate control and bring to the attention of those responsible for matters that fall outside of the project team’s remit that could greatly affect the health of the project.
To learn more about GRASP, visit it’s home at Conspectus or buy the book on Amazon