Risk Management: The Untrustworthy Truth

Although I'm talking about project risk management, I'm a project management consultant focusing on risk management because I personally think it is vital to successful project delivery. It seems to be in the minority. I spent a lot of time asking why they do not use more people risk management, but frankly, it's still not easy to answer the question as ever. So I'll call it just as I see it.

Project managers do not provide enough help to identify and manage the risks and leave them with project sheets. Costs for our organization are measured not only by the amount of money lost on individual projects, but by the lost opportunities of the entire organization. Until we face this truth and do not deal with it, we will continue to suffer the consequences.

I'm not saying now that project managers are really lying in the forums of the project. What I say is that too often missing plans that are incomplete, misguided and do not support others than the project manager's views about the world, the board accepts it without strict testing. If a project council took only one plan and questioned the project manager to explain, the board would probably find that the plan would not last for more than a few minutes.

If this seems a bit contradictory, please do not shoot the messenger. I just say what I've been thinking for years and I'm sponsoring studies that seem to say the same thing. The most recent is the Economist Intelligence Unit. In his study, "Preemptive Action: Reducing Project Portfolio Risks in the Financial Services Industry," it was found that "this proactive approach, which requires intrepid executives who are both strict project management practices and intrepid executives disparaging difficult decisions, are unusual in the industry."

So, what needs to be changed? Well, project managers have to start risk management activities in their pre-planning planning and continue to review, manage and communicate risks from start to finish of the project. Project insurers should pay attention to the risks and evidence that these risks are being treated and not just reported. This means that project managers should provide casual grilling on key risks rather than accepting risk reports without challenging them.

The sooner you connect project managers and project insurers to overcome the risks, as soon as possible you can move on to opportunities.

Source by sbobet

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