3 Ways Strategic Factors Add Risk to Projects [Video]

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A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from GirlsGuideToPM.com.

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Strategy plays a huge part in whether or not your project is going to be a success. Yes – things decided way above your pay grade influence the outcomes of your project.

That happens through risk. The corporate approach to strategy (or lack of it) massively shapes how your project is going to be carried out, implemented and delivered. The framework in which your project is being managed is of course influential – I’d say it was one of the enterprise environmental factors that shapes how you need to act on the project.

The risk profile of your project changes depending on your project’s context. A project in my company will have different outcomes to the same project (even if we hypothetically believed it would be delivered by the same project team) because the corporate approach to project management is different. The risk appetite would be different.

Strategy brings risk to your project in numerous ways. I’ve called out three of the main strategic factors that influence risk on your project in the video below.

 

Read more articles about risk.

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how strategy adds risk to projects

Posted on: December 07, 2018 09:08 AM | Permalink

Comments (7)

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Thanks for sharing.

Amazing article!! Almost poor scope is the highest risk!!!

Elizabeth, Thanks for sharing

Excellent! Can't agree more.

Project not align on corporate strategies are also adding risk to the organisation.

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