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The Project Management Institute's annual events attract some of the most renowned and esteemed experts in the industry. In this blog, Global Conference, EMEA Congress and experienced event presenters past, present and future from the entire PMI event family share their knowledge on a wide range of issues important to project managers.

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Cameron McGaughy
Dan Furlong
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Fabio Rigamonti
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David Davis
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Deepa Bhide
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Catalin Dogaru
Kristy Tan Neckowicz
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Sarah Mersereau
Lawrence Cooper
Yves Cavarec
Nadia Vincent
Carlos Javier Pampliega García
Michelle Stronach
Laura Samsó
Marcos Arias
Cheryl Lee
Kristin Jones

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ATA Risk Question

ATA (Ask to Answer) for the Risk expert Mr. Maynard.

I wonder if there is a formal explanation for something I call “Organizational Accepted Risk”.  There are many risk items that I personally don’t call out in my risk mitigation strategy because the Organization automatically accepts the Risk and will deal with it when it occurs.  I mention it in my governance document, but not in my Risk Plan. Some examples of these risks are listed below:

  1. A team member leaves the organization (whatever the reason: resignation, layoffs, death, etc.)  It definitely can impact my deliverables, but.
  2. A cyber attack.  I do a lot of network projects and there is always the risk of a cyber attack taking resources (wanacry is one example).  We deal with it, but it can cause a jeopardy.
  3. Funding cut.  I treat this as an issue when and if it occurs and requires the project plan to be reviewed.
  4. Act of God – there are lots of things that can happen to disrupt the project.  Fire, hurricane, tornado, zombie apocalypse.  I don’t call these out as specific Risk items as we just accept them.  The probability is low for some areas (not too many hurricanes in Ft Wayne) 

My question: “is there an accepted best-practice for handling Organization Accepted Risk” and could you direct me to it?

Posted by David Davis on: October 10, 2017 04:29 PM | Permalink | Comments (4)
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