Risk management is one of today’s hottest topics. Most industries are now highly competitive and the project management mantra is faster, cheaper, better. With these pressures comes risk.
Good risk management or poor risk management can mean the difference between project success and project failure. Good risk management allows us to respond proactively to risk and also allows us to react better to those risks that do occur – issues.
Experience has shown that risk management must be of critical concern to all project managers, as unmanaged or unmitigated risks are a primary cause of project failure. Unfortunately, many managers and project managers believe risk management to be too difficult, too time consuming, or even too complicated to perform. However, such concerns are unfounded and there is no doubt that successful risk management will greatly add to the probability of project success.
The … Read More »
I’m writing a new book on stakeholder management. To the uninitiated, given the current popularity of vampire movies, this expression might seem like something out of Bram Stoker’s “Dracula” (1897) when the undead Count was converted to truly dead by medium of a stake driven through his heart.
Such a tricky manoeuvre would presumably require some skilled management by the stakeholder. Yet, surprisingly perhaps, this is not what stakeholder management is all about, in the project management discipline anyway. Since this writing project will be quality-driven, I can’t speculate on the publication date, but I anticipate it will be some sort of an elaboration of the following diagram, although people have reservations about the expression ‘stakeholder management.’ In particular, ‘management’ insinuates that stakeholders need to be controlled, since left to their own devices they could upset the project. Perhaps an expression … Read More »