what is project risk management?
TRANSCRIPT
What is
Risk Management
?!
Risk Management
42,555 Books on amazon.com 1
1 June 2nd 2015
Books advise
Professionals do
Risk Management
is the identification, assessment, and prioritization of risks to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.
Wikipedia.org
Explain this toNORMAL
PEOPLE
WhatIS NOT
Risk Management ?
Project Risk Management
IS NOT ONLY A LIST OF RISKS
It is a Culture
IS NOT A MAGIC FORMULA
It is a result-oriented approach
Project Risk Management
IS NOT COMPULSORY
However, it is extremely efficient practice
Project Risk Management
Is Not Compulsory ?
39% of project with budgets over US $10 million failed 1
1 The Standish Group, “CHAOS 2007 REX: A Standish Group Research Exchange.” 2007.
1 PMI’s Pulse Of The Profession® 2015
Risk Management is Profitable
IS NOT A SCIENCE
It is what risk-averse managers do
Project Risk Management
Whatdo
they
DO ?
Risk Management. How?
Just Do It Every Day
Managers Identify Risks
Managers Analyze / Prioritize
Managers Plan Response
Managers Monitor Risks
Managers Control Risk Budget
Project Risk Management is
WHAT PROJECT MANAGERS DO EVERY DAY!
“ Learning is
EXPERIENCE. Everything else
is just information. ”
~ Albert Einstein
SimulTrain®
Risk Management
EXPERIENCE
simultrain.comsts.ch | [email protected] | +41 (0)21 510 11 50