Project Management Central

Please login or join to subscribe to this thread

Topics: Career Development, Portfolio Management, Risk Management
The Most Effective and Efficient Approach/outlook to manage and mitigate risks is the Pessimistic one ! Do you Agree ?
Network:176



The Most Effective and Efficient Approach/outlook to manage and mitigate risks is the Pessimistic one !
Do you Agree ? and if yes or no .. why ??
Sort By:
Page: 1 2 3 next>
Network:448



I think the realistic approach is the best. When you are doing your risk analysis, include everything that could possibly happen, and then you assign it a value based on its impact, and its possibility of occurring. Don't ignore anything that is mentioned.
...
1 reply by Rand Mesmar
Sep 06, 2017 11:15 AM
Rand Mesmar
...
Mr. Bob .. how we can define realistic approach since most of the projects do not meet the traditional constraints (S,C,T,Q) because of risks related issues ?
Network:629



I think that having a slightly pessimistic outlook when identifying risks is good. I've worked for optimistic companies that seemed to get caught by surprise by risks/issues that should have been easily identified well in advance.
...
1 reply by Rand Mesmar
Sep 06, 2017 11:18 AM
Rand Mesmar
...
Mr.Aaron .. i agree ... most of time optimistic outlook could be deceiving
Network:176



thanks all for your informative contribution
Network:176



Sep 06, 2017 10:31 AM
Replying to Bob Patrino
...
I think the realistic approach is the best. When you are doing your risk analysis, include everything that could possibly happen, and then you assign it a value based on its impact, and its possibility of occurring. Don't ignore anything that is mentioned.
Mr. Bob .. how we can define realistic approach since most of the projects do not meet the traditional constraints (S,C,T,Q) because of risks related issues ?
Network:176



Sep 06, 2017 10:50 AM
Replying to Aaron Porter
...
I think that having a slightly pessimistic outlook when identifying risks is good. I've worked for optimistic companies that seemed to get caught by surprise by risks/issues that should have been easily identified well in advance.
Mr.Aaron .. i agree ... most of time optimistic outlook could be deceiving
Network:204



In agreement with Aaron, from my point of view the identification/ revaluation of risks should be done with a critical attitude, as you are trying to find problems prior they emerge as a risk to the project, I think it is appropriate the attitude that "anything that can go wrong will go wrong". The critical attitude should be applied to the specific project context with focus on assumptions, activities and decisions that might endanger project success prior, during and after projext execution. In the critical attitude involve all relevant stakeholders with their different perspectives. In a nutshell, critical examination must be done.
...
1 reply by Rand Mesmar
Sep 06, 2017 12:47 PM
Rand Mesmar
...
thank Mr. Peter ,
But such outlook have another counter impact on the project management team where
It may cause a kind of mental panic ...
am I Right ?
Network:176



Sep 06, 2017 12:24 PM
Replying to Peter Ambrosy
...
In agreement with Aaron, from my point of view the identification/ revaluation of risks should be done with a critical attitude, as you are trying to find problems prior they emerge as a risk to the project, I think it is appropriate the attitude that "anything that can go wrong will go wrong". The critical attitude should be applied to the specific project context with focus on assumptions, activities and decisions that might endanger project success prior, during and after projext execution. In the critical attitude involve all relevant stakeholders with their different perspectives. In a nutshell, critical examination must be done.
thank Mr. Peter ,
But such outlook have another counter impact on the project management team where
It may cause a kind of mental panic ...
am I Right ?
Network:204



Continuous risk identification is a responsibility of the whole team and must be on the weekly teams meeting agenda. There is no reason for mental panic at all. Of course, team members need to understand risk management process, roles and responsibilities being applied to the project.
...
1 reply by Rand Mesmar
Sep 06, 2017 1:17 PM
Rand Mesmar
...
thanks Mr. Peter
Network:176



Sep 06, 2017 1:09 PM
Replying to Peter Ambrosy
...
Continuous risk identification is a responsibility of the whole team and must be on the weekly teams meeting agenda. There is no reason for mental panic at all. Of course, team members need to understand risk management process, roles and responsibilities being applied to the project.
thanks Mr. Peter
Network:70108



If I have to plan for Hurricane Irma, I will look at all possible outcomes, from no impact to complete disaster. Is that optimistic or pessimistic?
...
1 reply by Rand Mesmar
Sep 06, 2017 3:21 PM
Rand Mesmar
...
this is a critical attitude ( pessimistic ) ... (considering a complete disaster) this from My POV
Page: 1 2 3 next>  

Please login or join to reply

Content ID:
ADVERTISEMENTS

"If I had known I was going to live so long, I would have taken better care of myself."

- Eubie Blake

ADVERTISEMENT

Sponsors