For many people who work in project management, the approach, tools and techniques of both risk management and value management are just applied common sense. Why would anyone attempt to undertake a project without first understanding the areas of uncertainty…
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…