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Why Project Risk Management Fails - MindMap

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Yasir Masood PMO, Risk, Change & Portfolio Mgt, Project Controls, Risk Workshop Facilitation| Change & Risk Consultant Toronto, Ontario, Canada
http://www.projectmanagement.com/deliverab...ails--Mind-Map-
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Raghavendra Rao S Kadam Technical Leader| KPIT Bangalore, Karnataka, India
very nicely put in a single sheet. Good Map.
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James Furness Associate Director of Project Management| Disney Streaming Services Cheadle Hulme, Cheshire, United Kingdom
Thanks - I think top of the right hand column is the main one in my experience. It beggars belief that companies run projects costing millions yet top level management and key stakeholders pay little interest.
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Yasir Masood PMO, Risk, Change & Portfolio Mgt, Project Controls, Risk Workshop Facilitation| Change & Risk Consultant Toronto, Ontario, Canada
Thanks
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
The title of this discussion is "Why Project Management Fails", yet the mindmap is "Why project risk management fails".

Some of the branches list risks. I'm not convinced that those risks, by themselves, are reasons for failure, unless they are not managed.
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Yasir Masood PMO, Risk, Change & Portfolio Mgt, Project Controls, Risk Workshop Facilitation| Change & Risk Consultant Toronto, Ontario, Canada
Hi Stephane,

Thanks for your feedback. Can you highlight specifically your are talking which branches?

Regards,

Yasir
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
On the left side: secondary risk.
On the right side: community risk, security risk, HSE risks.

My point is a risk is not a reason for management failure. What you do, or not do, with it is.
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Yasir Masood PMO, Risk, Change & Portfolio Mgt, Project Controls, Risk Workshop Facilitation| Change & Risk Consultant Toronto, Ontario, Canada
It is a project failure if we do not cater Risk management effectively. Off course, don’t spend too much time for Risk Management. Time spend on Risk management depends on the Project size and the complexity. I pointed out the factors that lead to a project failure because of improper Risk management. It is quite obvious that one or multiple factors affect the project.

Community Risk, Security Risk, and HSE Risks are the big concern in mega Industrial, infrastructure, construction and Oil and Gas Projects. In past, many projects did not complete because of the combination of these Risks or either of them.

Secondary Risk arises when we transfer the Risk to some vendor. I had an experience with some of the projects where Vendors badly smashed the project.

Even many IT projects failed because of not catering the secondary Risk while going with the Open source Software for further development without detailed technical analysis.

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