Latest posts about Risk Management
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Does your company already have a project management process in place? Is that methodology inefficient, outdated, and unproductive? If you have been assigned the role of project manager, making improvements to the way things get done should ...(more)
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Risk management

A well known and very vocal Project Management instructor made a statement about Government Projects always being late and over budget. Then making a not so subtle suggestion that his competency based assessment approach, versus the PMI app...(more)



£200billion Government Projects at Risk
Projects, like businesses, often fail because they are not properly managed, and concern is growing over the lack of experienced project managers with the skills and knowledge base needed to deliver ...(more)
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portfolio

If you can’t afford to mitigate the risk now, be absolutely sure you can afford to resolve the problem later when it happens.- Introduction to Universal Risk Report, The Risk Management Research and Development Program, INCOSE Risk Ma...(more)
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Earned Value Management is recognized within the project management domain as an effective cost and risk management technique. The formulas are not difficult to understand. So if EV isn’t difficult to calculate, why isn’t it mor...(more)
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Earned Value

“When a program agrees to spend less money or accelerate a
schedule beyond what the engineers and program managers
think is reasonable, a small amount of overall risk is added.
These little pieces of risk add up until managers are no long...(more)
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"volatility per se, be it related to weather, timing of the morning newspaper, is simply a benign statistical probability factor that tells us nothing about risk until it is coupled with a consequence," - Robert H. Jeffrey, "A New Paradigm ...(more)

The discussion of estimating - cost and schedule - has produced references usable in a variety of domains. As a background here’s the guidance in the domain I work. This "mandates" an Estimate At Completion with a Best Case, Worst Ca...(more)

ESI released a study on the key pitfalls of outsourcing, and the need for better risk management to improve outcomes. “Of the 95 percent of organizations that buy, provide or both buy and provide outsourced services and functions, fewer t...(more)

1. Poor planning:
Who are your IT managers and do they get enough opportunity to plan or under pressure from senior management they tend to think planning as a waste of time because they believe that time is better spent doing something rat...(more)


The risk matrix approaches described in PMBOK® and similar sources of risk management information multiply the probability of occurrence of the risk with the impact from the risk to produce a risk index.The example matrix from PMBOK® isFr...(more)
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Risk management

Many of the places we work have "Master Schedulers." They have "Chief Systems Engineers." They have "Lead Cost Analyst," and "Program Architects" (my role).These people and the roles they play are critical to the success of the program for ...(more)

Risk Management Methodology
By Ray W. Frohnhoefer
We have already covered the sources of risk, and now we’ll start looking at a simple methodology which can be employed to evaluate these risks and promote proper risk management. This ...(more)
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Brad Egeland has a nice post Cover Your Risk From All Angles. Brad lists Risk Avoidance and Risk Mitigation as two (2) approaches to Risk Handling. While these are legitimate approaches, there is a critical flaw in all these approaches. Whe...(more)
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Mike Griffith’s has got me thinking about PMBOK®, the Agile software development processes and a general notion of "what to do." Alec Satin has a nice "electronic book" of 72 tips for project managers. Please subscribe for some usefu...(more)

I started using the phrase "do we know what DONE looks like?" at Rocky Flats. It was first coined by Martin Radley, now an instructor at Carnegie Mellon. Martin used the term "done done" to add a little humor to those who cooked the books w...(more)
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Showing page #1. Displaying items 1 through to 20 of 109...


