Project Management

Effective Risk Management

Brad Egeland is an IT/project management consultant and author with over 25 years of software development, management and project management experience leading initiatives in manufacturing, government contracting, gaming and hospitality, retail operations, aviation and airline, pharmaceutical, start-ups, healthcare, higher education, not-for-profit, high-tech, engineering and general IT.

Few project leaders want to spend the up-front time and money to actually put together a risk management plan, but it truly needs to be your first step in effectively managing risks on your project. Without a plan in place at the beginning, your customer and team have no idea how you’re going to manage risks and issues and what their role is going to be. And let’s face it, if you don’t lay out everyone’s role in advance, then you’re likely the one who will be doing all the work--and that’s not a productive solution either.

What about your executive management? They want you to be successful, right? But they’ve attended the project kickoff meeting (hopefully, because this really kicks off the project right for the customer as it’s a good confidence booster for them) and now they want action. Action isn’t exactly sitting down and putting together plans on how you’re going to manage risk, communications and changes on your project. That feels like busy work to them--the opposite of action. And, it basically is. But that doesn’t mean it those plans aren’t important.

Putting the proper plans in place up front--and getting paid for them as deliverables (we’ll address this another time because it’s a subject you’ll need to take up with the deal closer in your organization)--can set the…

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