Risk Response Strategy
Risk Identification Techniques and How to Brainstorm Well
Identifying risks to your project is too important to trust to a single approach. Learn to use these tools and approaches to identify risks.
Back to Basics: What is the Role of a Project Manager?
There are a few reasons you may wish to understand the role of a project manager more fully. Perhaps it is because you are looking for a project management job and want to have a career in project man...
Strategizing for Project Threats and Opportunities
Over a decade ago, I was put in charge of a group of projects. One of the projects had been running for almost a year, but had never seen a single live release to the customer! I realized there were t...
Top Frustration #2: End to End Risk Management
Imagine you are managing a large project, which is strategically important and complex. At the outset, you realize there will be a number of risks, which if not managed well, could paralyze the outcom...
Enterprise Risk Management (ERM) and Risk Governance
Let’s consider the following scenario based true events which occurred within an organization I worked closely with recently. This company had a long-running project with a number of uncertainties. Ri...
Fundamentals of Project Risk Management Framework
I’ve compared projects with living entities (like human beings), and the life cycle of a project with life cycle of a person. Similarly, the PMBOK guide, when expanded, is called project management bo...
Understanding Qualitative Risk Analysis
1999. October 29. A super cyclone measuring 160 mph hit Gopalpur in Odisha, a coastal state of India, with horrifying fury. It resulted over 10,000 people losing their lives and over $US4 billion in d...
Contingency Reserve and Management Reserve
Let’s say you are going to a friend’s house, and you expect it to take about an hour to get there. In your city; however, traffic is known to cause delays. If a traffic jam occurs, it will impact your...
Rethink Your Project Risk Management Strategy
If I were to ask you what your project management risk strategy was, would you respond something like this? “Duh! We will deal with the problem when it comes.” In my experience, that is th...