Project Management

What Could Possibly Go Wrong?

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Categories: risk management


Now here’s a project for you to propose to your executives. How about developing a plan for when things do go wrong—a risk management approach. In a “Getting It Done” column in August PM Network, Alexander Strazmesterov, PMP, takes readers through seven steps to help you develop a risk management blueprint and implement it successfully—as a project.

  1. Form a knowledgeable team, develop a charter and agree on roles and responsibilities, including how to involve decision makers.
  2. Establish a phased approach, allowing upper management to give feedback at specific times.
  3. Analyze the current situation. Be honest and thorough when examining your organization’s risk management, risk attitude and behaviors.
  4. Tailor your approach according to the size of projects.
  5. Take a test drive via pilot projects on which elements of the new risk management approach can be tested.
  6. Develop a training program that’s practical and suited to various stakeholder groups.
  7. Ensure a facilitated implementation, once the approach has been verified through pilot applications.

A thorough update of organization-wide risk management processes, says the author, can benefit every project executed by your employer now and into the future.


Posted by Dan Goldfischer on: August 24, 2017 09:46 AM | Permalink

Comments (7)

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Eduin Fernando Valdes Alvarado Project Manager| F y F Fabricamos Futuro Villavicencio, Meta, Colombia
Thanks

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ANTRONE PORTER Facility Advisor, Project Coordinator| Alutiiq Dacula, Ga, United States
Hi Dan - Very informative, thank you.

I will use this within my department if you don't mind.

V/r,
Antrone

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Drew Craig Sr. Agile & Product Coach| Vanguard Philadelphia, Pa, United States
Thank you, Dan.

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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Thanks Dan.

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Mark Eckman Senior Project Manager, PMP| Veolia Emporia, Va, United States
Great advice, Dan. Thanks.

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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Sensible approach, Dan. As the implementation unfolds, we probably want to install a continuous improvement culture.

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JOONMIN SUH Project Engineering Manager| Samsung Construction & Trading Seongnam, Gyeonggi, South Korea
Thanks Dan for your summary.

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