Ep.181 - The Risk & Opportunity Register - Lean, IPD Series

Are you turning risks into opportunities? In this lean and IPD series episode, Jason unpacks the risk and opportunity register, a game-changer for construction management that keeps teams focused on prevention instead of reaction. You'll learn the research laboratory story where Ryan and Jason used a register to identify risks (scaffolding, floor floating, design changes) and finished fantastically, the counter-story where Jason recommended tracking stone procurement risk but the team didn't listen and it nearly affected the end date, and Dr. Eli Goldratt's six principles from his headstone (people are good, every conflict can be removed, every situation is exceedingly simple). The methodology: Excel matrix with description, probability, estimated cost, dollar total, owner, and due dates, then project what happens if all risks actualize (e.g., from 0.96 to 0.881 fee) and rally the team to prevent them.

What you'll learn in this episode:

• The conflict: you're not identifying risks and opportunities early enough and reviewing them frequently enough

• Research lab success: identified scaffolding/floor floating/design change risks, set targets, reduced exposures, finished fantastically

• Counter-example: stone procurement risk ignored, procured too late, nearly affected end date—team didn't buy in

• The register: Excel matrix with probability percentages and dollar amounts, reviewed weekly in team meetings and monthly in status reports

• Prevention vs. reaction: "create spiritually before created temporally", anticipate risks in your mind, and prevent through physical action

An ounce of prevention is worth a pound of cure. If we're always supposed to bring problems to the surface, the second priority is to do it as soon as possible.

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Also, here are links to our YouTube Channels:

· Jason Schroeder YouTube Channel: https://www.youtube.com/channel/UC4xpRYvrW5Op5Ckxs4vDGDg

· LeanTakt YouTube Channel: https://www.youtube.com/c/leanTakt

· LeanSuper YouTube Channel: https://www.youtube.com/channel/UCzQDevqQP19L4LePuqma3Fg/featured

· LeanSurvey YouTube Channel: https://www.youtube.com/channel/UC-Ztn3okFhyB_3p5nmMKnsw