Project Managers realize that they must
manage the various risks and uncertainties in a timely and effective manner.
Yet, they often fail by not performing project risk management on a continuing
and thorough basis. Project Risk Management means proactively planning,
identifying, assessing, responding, monitoring and controlling the uncertainties
on our project. It is a well-defined project management area, with
various tools and techniques and processes. PMI’s Guide to the Project
Management Body of Knowledge (3rd Edition) devotes an entire chapter (knowledge
area) to this practice.
Project managers handle five to ten times
more issues than risks on their projects. While the reasons for this
are varied, most revolve around the fact that there is not enough time
to do good proactive risk management planning, so Project Managers wait
until the risk is realized (i.e., becomes an issue) before they deal with
it. The trouble with this strategy is that Project Managers are then
always in reactive mode and spend most of their management time developing
This session will discuss the differences
between Project Risk Management and Issues Management and review the project
management tools that you have at you disposal that make this job easier.
Ernie Baker will also cover some techniques and recommendations for applying
He is the president of Start to Finish
PM, Inc. Ernie was instrumental in the development, implementation
and coordination and instruction of multi-year project management training
programs for MetLife Insurance, Disney and Bristol-Myers Squibb.
He is a frequent presenter, offering presentations throughout the US and
Canada. Ernie is best known for his sense of humor, his analogies,
stories and insights into the world of the project manager.
can be downloaded.