Risk management isn’t always about identifying the downside, though many project managers seem to focus exclusively on this side of the risk coin. The fact is, we can assess and prioritize opportunities using the same techniques that work for threats, including brainstorming, root-cause analysis and probability-impact matrices.
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To manage risk effectively on our projects, we need to deal with uncertainty, understand why it matters, follow a structured process, and take into account the human side that influences judgment and decisions.
Part of a successful project is completing it in a way that fosters stakeholder support, acceptance and buy-in. In that context, social media can play a critical role...but there are risks you need to be aware of.