Ever heard that statement? Normally what they really mean is “I get it, but why does it have to be so formal?” The deciding factor on how much formality is appropriate should be based on the size and complexity of the project or programme. In ABCD...
The "Fast-Track to Success: Risk Management" is now published and available on Amazon.com andAmazon.co.uk Business is all about managing risk and taking opportunities. However, this is normally approached in an informal way which leads to highly unpredictable results. Let’s look a number of common roles in...
Issue management is a natural and essential part of project management. But if it is not set up correctly, it will compromise or even completely undermine your risk management. Defining issues and risks is not as easy as it looks On the surface, it’s quite clear: an...
It always starts the same way – “So what is it that you do, risk management? So you work for a bank?” Err no. “So you are in insurance?” No not quite. “Health and safety?” Definitely not!" So what exactly is “risk management” and where...
[blockquote text="Last week we looked at the first part of our trip to Kenya to see how Oxfam approach the subject of project and risk management. You can read the first part by clicking on the link at the top of this page -...
[blockquote text="Last week De-RISK started a new engagement with Oxfam GB (Horn East and Central Africa Region) to look at how the risk management techniques we have successfully employed in big corporations might be adapted for use in their work programmes. This blog diarises...
This article was originally published in Project Manager Today in April 2008. We all know that mountaineers take extreme risks but perhaps it’s not as simple as it seems. Good mountaineers are certainly superb risk managers but the nature of the terrain, conditions and competency...
"Strategic Risk Management - Taking the Long View" Most companies have risk management processes in place, but there is too much focus on...
Enterprise risk management (ERM) is the Holy Grail in many organisations. Recent events have made ERM even more desirable in some businesses but is this achievable in reality or just science fiction? What is Enterprise Risk Management?Enterprise Risk Management (ERM) is a process by which the total...
What is groupthink? When groups make decisions, they may well take more risks than the individuals themselves would - this is "groupthink". The term "groupthink" was coined by psychologist Irving Janis in the 70s. Janis defined groupthink as a phenomenon where people seek unanimous agreement in spite...
Many of you will be familiar with ABCD risk management and its benefits. But have you really thought why it is so effective when compared to "traditional" risk management approaches? To explain this you really have to consider the psychology behind traditional risk approaches...
n 2008, Nassim Nicholas Talib published a book called "The Black Swan". A Black Swan is defined as being an event which has three characteristics; it is highly improbable, has massive impact and, in a strange way, appears almost inevitable after the event! Due...
Many sales professionals will shy away from the subject of risk, preferring to play down or deliberately ignore the inherent risks in their proposals. Good sales professionals will realise that risk can be turned around to become a massive competitive differentiator and the way...
What role does risk management have to play in a recession? After all it was a failure of risk management that created this situation in the first place, wasn't it? Well partly - there were a lot of bad decisions made on the back of...