“If you don’t like something, change it. If you can’t change it, change your attitude.” Maya Angelou “Whosoever desires constant success must change his conduct with the times.” Niccolo Machiavelli On my second read of the PMBOK® Sixth Edition (no comments please) and I ran across some interesting items under “Identify Risks: Tools and Techniques”. PMI® has regrouped and moved several items around in this section. Information Gathering has changed to Data Gathering, and “r
Or as Dan Quayle said: “If we don’t succeed we run the risk of failure!” Qualitative Risk Analysis is the method used by the vast majority of projects to prioritize risk, and it leverages its two components: Probability – how likely is the event to occur Impact – what will happen if the event occurs Qualitative Risk Analysis is designed to assign relative weighting to identified risks and group them together logically so that response strategies can be developed and applied.
Risk Management is very popular these days! The headlines have been filled with stories about high profile project failures. When the inevitable post mortem examinations are conducted, poor risk management is always at the heart of the problem. That and the technical experts were routinely ignored…. But that is a topic for another time! The reaction is always amazing! Suddenly there are Risk Management Boards, Chief Risk Officers, Enterprise Risk Assessments and Risk Based