Feb 2009 - What is your biggest risk?
Project Manager Today Magazine (ISSN 1366-6851), February 2009, page 20
The Probability-Impact Matrix (PIM) is the most common technique to decide which are the biggest risks. This article discusses the problem with relying solely on the PIM, and suggests some alternative approaches to sizing and prioritising risks.
Jan 2009 - Happy Risky New Year!
Project Manager Today Magazine (ISSN 1366-6851), January 2009, page 30
Many current definitions of "risk" include both threat and opportunity. Some people don't understand this, and so they are resistant to putting it into practice. This column describes three main reasons why risk should include opportunity alongside threat, and why the risk process should seek to manage both opportunities and threats proactively.
Dec 2008 - Risk management and Maslow
Project Manager Today Magazine (ISSN 1366-6851), December 2008, page 10
Most people agree that risk management is "A Good Thing", but it is still widely practised with a lack of enthusiasm and commitment. This paper uses Abraham Maslow's "Hierarchy of needs" to explain how to motivate people and organisations to treat risk management more seriously.
Nov 2008 - Learning from counter-terrorism
Project Manager Today Magazine (ISSN 1366-6851), November 2008, page 18
CONTEST is the UK Government's counter-terrorism strategy, describing what is being done to address this major challenge. This column explains how project managers can take a similar structured approach to dealing with project threats.
Oct 2008 - Lessons from the UK National Risk Register
Project Manager Today Magazine (ISSN 1366-6851), October 2008, page 20
The UK Government recently published their first National Risk Register, explaining what could cause a catastrophe in the UK and what they are doing about it. What can we learn from this ground-breaking document?
Oct 2008 - Towards programme risk management
Proceedings of the PMI Global Congress 2008 North America, presented in Denver CO, 21 October 2008
Program(me) management is a hot topic, with new standards being developed and updated. Programmes are risky but there is currently no agreed approach for programme risk management. This paper outlines such an approach, recognising that risk arises at programme level from multiple sources. A dual approach is proposed, combining implicit and explicit techniques.
Sept 2008 - Boom, bust and risk management
Project Manager Today Magazine (ISSN 1366-6851), September 2008, page 14
In difficult times, should we treat risk management as an avoidable cost, or as part of the solution?
July 2008 - Managing the future
Project Manager Today Magazine (ISSN 1366-6851), July 2008, page 18
How to tell the difference between Possible Futures, Probable Futures, and Preferable Futures; and the role of risk management in getting to the right one!
June 2008 - What drives risk attitudes?
Project Manager Today Magazine (ISSN 1366-6851), June 2008, page 26
The "triple strand" of conscious, subconscious and affective factors are described, explaining why individuals and groups choose to respond in a particular way to risk.
May 2008 - Risk management, Maslow & memetics
Proceedings of the PMI Global Congress 2008 EMEA, presented in Malta, 20 May 2008
Risk standards say opportunity should be managed through the risk process, but this is not common practice. Reasons for the mismatch are explained using motivation theory (Maslow's hierarchy of needs) and information theory (Dawkins' memetics hypothesis). These two frameworks also suggest a range of strategies to close the gap between theory and practice, ensuring that upside risk is managed effectively.
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