Oct 2009 - How groups make risky decisions
Proceedings of the PMI Global Congress 2009 North America, presented in Orlando FL, US, 13 October 2009
Previously presented at PMI Global Congress 2009 EMEA, Amsterdam, Netherlands, 19 May 2009
There are many influences when groups make decisions which are perceived to be both risky and important. This paper presents recent research revealing the main drivers in these situations. An expanded emotional literacy framework is proposed to enable groups to make good decisions by understanding and managing the underlying influences on group risk attitude. [Full details of the research are presented in "Managing Group Risk Attitude" by Ruth Murray-Webster & David Hillson]
Oct 2009 - Risk management 20 years on
Project Manager Today Magazine (ISSN 1366-6851), October 2009, page 30
Much has changed in the world of risk management since the Risk Doctor started his first Risk Register in 1985. This article looks back over the past two decades and discovers that some things have changed - and some have not!
Sept 2009 - Weight management for risk-takers
Project Manager Today Magazine (ISSN 1366-6851), September 2009, page 24
This article uses the analogy of risk obesity to discuss ways of dealing with taking on too much risk without suffering from the equivalent of eating disorders. Find your ideal risk-weight!
August 2009 - Don't make the same misteak twice
Project Manager Today Magazine (ISSN 1366-6851), August 2009, page 47
We all want to do better, and businesses aspire to become "learning organisations". Despite this it seems that the same risks appear repeatedly in Risk Registers. Why do we not learn from our past experience? This article explores the reasons and presents a simple checklist to help us learn from the past to benefit the future.
July 2009 - Problems with probability
Project Manager Today Magazine (ISSN 1366-6851), July 2009, page 29
Discover the four reasons why risk practitioners, management and project teams experience repeated difficulty in assessing the probability that a given risk might occur, and explore possible solutions. In particular the limitations of natural language are outlined. It is very likely that you will learn something new from this article!
June 2009 - Swine flu and risk perception
Project Manager Today Magazine (ISSN 1366-6851), June 2009, page 18
Ten factors affecting public perception of risk are outlined, explaining why we may be over-reacting to the current swine flu outbreak. Surprisingly, most of these factors are not purely rational - and they also affect our businesses and projects. Understanding them should help us to respond more appropriately to the real risks we face.
May 2009 - Risk management isn't hard
Project Manager Today Magazine (ISSN 1366-6851), May 2009, page 25
It's a mistake to label risk management as "hard", for two reasons. Firstly because risk management is easy - it's just structured common sense. And secondly because risk management involves the use of soft skills alongside hard techniques.
April 2009 - Innovative risk management
Project Manager Today Magazine (ISSN 1366-6851), April 2009, page 10
Some people think that risk management hinders innovation because it stops people trying things that are new and potentially risky. This column explains the misconceptions behind this view and shows how proper risk management is truly innovative.
March 2009 - A fool with a tool is still a fool
InfoRM, the magazine of the Institute of Risk Management (IRM), pages 16-17
There are many software tools available to support the risk process, all claiming to be indispensable. This article discusses the "make or buy" decision, lays out the criteria for choosing the right tool, and proposes three factors which are more important than tools.
March 2009 - Better safe than sorry?
Project Manager Today Magazine (ISSN 1366-6851), March 2009, page 10
The precautionary principle encourages us to prepare for the worst. This leads to over-reactions and unnecessary levels of contingency, and can lead risk management into disrepute. This column proposes antidotes to the precautionary principle to help us take the right risks safely.
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