Getting Project Risk Management Right: Q&A

Mario is an experienced PMO manager with more than 15 years managing portfolios, programs and projects in Telecom, IT, Infrastructure, Defense, Space and Aeronautics. He also teaches project management, strategy and business administration at colleges and business schools/MBA courses.

  PMO   Risk Management  

In his Getting Project Risk Management Right webinar, Mario Trentim explained that we have to understand what project risk management is and what it is not so that we can get project risk management right. The session was packed with information, and here we cover the questions and answers that came out of that webinar.

1. Are there any tools that can be used to predict the potential risks?
There are tools and techniques to identify potential risks, such as FMEA, risk breakdown structure, checklists, etc. And there are risk analysis tools and techniques to assess probability of occurrence and to evaluate impacts.

2. Is there a risk template tool you can share with us?
There are a couple of templates at ProjectManagement.com and I would also recommend the Project Manager’s Book of Forms. But I can share other templates with you. Contact me at [email protected].

3. In your presentation summary, when you say risk management is discussed at the "risk level," is this same as risks at the project level? Could you please explain?
Yes, Daniel…you’re right. We discussed risks at the project level. It could be also considered at the portfolio level with a different approach.

4. Risk is inherently associated with negative events. How would you identify and manage positive events? Examples?
In fact, there are plenty of positive risks or …

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