We have wondered why project risk management often does not work in practice. The theory is understood and the process of project risk management is well documented in numerous books, guides and procedures. Our observations are that the first four…
We have often reflected on the roles of risk management and value management in achieving optimal solutions to both business and project challenges. We concluded that optimal value is most likely to be achieved by a combined approach that systematically…
In 2005, Steve Jobs (former CEO of Apple) said during a speech at Stanford University “there is opportunity in every adversity”. We found this statement while carrying out some research on project risk management for PMI® way back in 2013…
We have been thinking about what needs to be done in order to improve the overall effectiveness of the risk management process. One observation is that organisations tend to apply exactly the same process to all their projects irrespective of…
Albert Einstein defined insanity as “doing the same thing over and over again and expecting different results”. Organisations are not insane or stupid; however, if risk workshops are ineffective why does anyone persist in running them in the same way…