In my last article on risk, I discussed qualitative and quantitative analysis which allows a team to assess probability, impact, and monetary value of the risks identified. This allows a project team to develop priorities for those risks that require further planning and threat mitigation or opportunity realization strategies. In this article we’ll discuss how to develop risk response strategies › Continue reading…
Tag: risk management
Tags: Contingency plans, Fallback Plans, Opportunity Responses, risk management, Risk response planning, Threat responses
In my last article on risk, I introduced how to get started with project risk management through risk planning and identification. In this article we’ll discuss how to evaluate and prioritize those risks for action through qualitative and quantitative risk assessment. › Continue reading…
In our last post, Susan discussed the top project management stories of 2010, and in that article concluded that risk planning was one of the major take away lessons of the year. When we look to past news-worthy project stories such as the BP oil spill disaster, the Carnival cruise ship Splendor nightmare, or the delays of the Broadway production of Spiderman, risk management emerges time and again as a leading factor for better outcomes. So why don’t more projects and organizations embrace it? › Continue reading…
Since we are on the topic of troubled projects, I started thinking about what has now been branded the Deepwater Horizon Response Project. This situation has similarities to many project calamities one might encounter in the course of dealing with internal or external customer organizations. A customer organization messes up, BIG TIME, and you have to step in and turn it around.
In this case, the project manager is retired U.S. Coast Guard Adm. Thad Allen, who is in charge of the federal government’s response to the oil spill resulting from the April 20th explosion at one of British Petroleum’s (BP) offshore oil rigs in the Gulf of Mexico. › Continue reading…
Week 2 of celebrity apprentice was another star studded showdown, where the teams began to move past the usual team dynamics of forming, through to storming. Last week things were so cordial that when the women were in the boardroom, Donald was reduced to vulgarity out of frustration because they wouldn’t throw each other under the bus. This week, we began to see some of the personality conflicts staging as the stress of the task set in.
Recognizing the achievements that yield success: – The Public Relations of Project Management Part 5
In our previous installment of this series, ‘Plan your communications with your “wins” in mind’, we talked about how to plan and set up vehicles for heralding successes or “wins” as they occur on our project as we do our communications planning. In this final article we’ll now discuss opportunities to be mindful of as your project progresses so that you have great material to feed into these PR machines you have set up. › Continue reading…