Tools - Risk Wheel
09:21
Posted by jason tratch
Scope, Time, Cost used to be the big 3. Then Quality and Communication joined the priority list. Now it seems the only true priority knowledge area that takes priority in management Risk.
Business and Project Management is all about risk. As humans, we take risk every day in personal and work life. Our ability to learn, grow and advance in how we deliver work is constantly evolving.
It is common now for all roles (front line to exec) within an organization to have training about the basics of business and project management. We live in a highly interconnected, collaborative world and it is the future. This is the path to true success and we are rapidly getting better at this.
It is common now for all roles (front line to exec) within an organization to have training about the basics of business and project management. We live in a highly interconnected, collaborative world and it is the future. This is the path to true success and we are rapidly getting better at this.
We are getting to a point where we all generally understand the steps how to properly deliver work but we still have challenges dealing with uncertainty and mis-aligned expectations. There is so much info at our finger tips related to methods, systems and tools how to get work done. However, there is still a shortage of tools that deal with unknowns and the abstract (and humans are not comfortable in that zone). Risk is where things may or may not happen, how we manage that and be proactive as possible, is the essence of risk management. This will be the next knowledge area that has large gaps and opportunities to pursue in terms of achieving success.
We have found good methods and supporting details from the Software Engineering Institute (SEI). Their website is: http://www.sei.cmu.edu/
A good sample of a Risk Wheel which is general enough to use for all types of projects and roles and help them be on the same page of understanding, is included below.
This entry was posted on October 4, 2009 at 12:14 pm, and is filed under
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