Andy JordanPresident| Roffensian Consulting S.A.Cherry Grove, AB, Canada
We all know that projects are expected to deliver on time, on scope and on budget, but we also know that there is room for compromise when needed - we may be able to spend more to stay on schedule for example.
I'm always surprised that risk isn't added into that equation very often - we can accept more risk in order to try and stay on schedule for example. It often happens subconsciously - teams cut corners and take shortcuts, but it's rarely a conscious decision, which of course is a risk in itself. How is that handled in your organisations? Saving Changes...
Michael AdamsSolutions Architect| LANLLos Alamos, Nm, United States
Andy, risk is such a fraught topic isn't it?! I wonder, sometimes, if it isn't something that people avoid, because they aren't sure how to approach it, and it occurs like "opening a can of worms."
It seems that many organizations don't have a mature, or in some cases extant, risk management/identification model, and repeatedly, they take big hits for this oversight.
I think in the PMBOK 5th edition, risk is added to the "triple constraint," which has been expanded to six constraints: Scope, Quality, Schedule, Budget, Resources, Risks Saving Changes...
