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 RebelsGuideToPM.com.
Risk management processes affect more than simply risk. Or rather, the impact of project risk management runs far deeper than just helping you plan for what might happen. There are lots of other reasons to do risk management too – and in this video I’m exploring 3 more reasons why you might want to take a bit more time to do risk management because poor risk management has consequences.
The topics discussed in today’s video are:
The impact of risk on managing budget overspends
How risk management can mitigate against unhappy stakeholders
And how risk management can address issues of reputation management.
Watch the video for more on these! Hopefully it’s a slightly different way of thinking about the value of doing risk management, and something you can get your stakeholders to buy into.
For more on this topic, check out last time’s video where I looked at another 3 impacts of risk management on the wider business.
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Posted on: September 08, 2021 09:00 AM |
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Financial Management Specialist | US Peace CorpsYaounde, Centre, Cameroon
I love point #2...
Thanks Elizabeth
Kurt LehbergerManagement Consultant, Freelancer| Kurt LehbergerIdstein, Hessen, Germany
Kurt LehbergerManagement Consultant, Freelancer| Kurt LehbergerIdstein, Hessen, Germany
Thank you Elizabeth, your statements are very credible and convincing.
Great leaders can prove themselves by showing how they anticipate and properly manage risk.
Elizabeth HarrinDirector| RebelsGuideToPM.comLondon, England, United Kingdom
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