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Last month we looked at how agile methods provide multiple opportunities for embracing proactive risk management. This month’s article extends risk management beyond the project manager role and introduces the benefits of making it more of a collaborative team exercise.
We've already looked at the opportunities agile methods offer for proactive risk management and examined the benefits of engaging the whole team in risk management through collaborative games. As our agile risk management series continues, we walk through those games and explains how to engage a team in the first three of the six risk management steps.
Engaging those closest to the risks and best equipped to resolve them (the team) in the process of measuring and acting on risks and opportunities is vital. As our series on agile risk management comes to a close, we examine the final three sets of collaborative team activities: Quantitative Risk Analysis, Risk Response Planning and Monitoring/Controlling Risks.
Why do so many project managers fail to deal with risks on their projects? In this article, we examine some of the reasons and explore some ways to tackle the problem.
One of the unsung PMO functions is managing risk. There are a lot of aspects of risk management where the PMO can provide tangible support to project managers in their endeavors. In this article, we explore some of that support in terms of identification, analysis and response.
Poor risk management can be fatal to any project. But what happens when properly planning for risk factors really is a matter of life and death? This article examines how the staff at Children's Memorial Hospital in Chicago moved more than 100 critically ill children from an aging facility to the new Ann and Robert H. Lurie Children's Hospital of Chicago.
Agile methods incorporate many mechanisms for dealing with late-breaking changes that also lend themselves to proactively responding to risks. Here we explore how these methods make effective risk management easier to implement.
Risk management is a challenge for construction professionals due to the shortage of qualified manpower, limited resourceful contracting agencies (technical and commercial), and the scarcity of resources. This article aims to explain risk management principles, the implementation of a risk management plan, and strategies to overcome threats and turn around the perception of risks from negative to positive opportunities.
Collaboration among stakeholders who are not able to demonstrate project management standard practices prior to project launch leads to project-as-planned failures. The author outlines 16 unidentified project risk elements, each attributed to the aptitude or the attitude of project participants, along with recommended risk mitigations.
Key IT governance activities--such as IT alignment, IT resource management, IT spend management and transformation, IT risk management and IT performance monitoring and improvement--must be supported by an agile and credible cost, schedule and risk estimating discipline to be successful.
The Diversity and Risk Management webinar will explore the impact of diversity variables on risk management methodology. Various challenges and opportunities to overcome them will be examined. This webinar will benefit anyone who desires to perform project risk management in a more inclusive manner with team members who are diverse, as we all are.
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"There are three kinds of lies: lies, damned lies and statistics." - Mark Twain |
