Category Archives: risk management

This weeks BIG question

When was the last time the risk log was updated? I asked this on a recent project management course. The project manager  looked very sheepish. Yes, there was a risk log; yes there were activities to reduce the risks and yes they allocated responsibility to individuals to mitigate the risks. But, and what a but, the risk log was 5 … Read More >

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The project crept forward, very slowly – because of the changes!

After one week: • several small additions to the project • no reduction in tasks! After two weeks: • several more small changes are added and one possible major change – waiting for senior managers to make a decision! • no reductions in tasks! After 4 weeks: • major addition – still no decision from senior, though work started work … Read More >

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Where’s my whistle?

I was talking to my good friend Mike Clayton today talking about holidays and suddenly said; “hold it, where’s my whistle?” Of course, Mike could not answer, it was my whistle? Why do I need a whistle? Mike and I were talking about management of risks and I suddenly realised that my risk analysis for our forthcoming holiday was suspect! … Read More >

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Two project teams for the same “project!”

An article in The Times (March 1, 2010) caught my eye: “Companies issuing shares to make an acquisition, should hire a second team of investment bankers to make the case against doing the deal, according to Warren Buffett” This got me thinking. Imagine a team set up to argue against a project as well as team to argue for developing … Read More >

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Is your project grey? If it is it’s a risk!

No, this is not some new patented Rosenhead colour scheme to categorise projects! Or maybe it is! Let me set the scene. I was talking with a woman who is involved in a partnership project – it involved her company working in partnership with a key supplier. In the process of describing the project she mentioned that there were a … Read More >

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Project risks – it is even more important to identify and manage them.

I was invited to a friend’s house recently. There were probably 35 people all enjoying themselves; me included. I spoke to quite a number of people and one person said something that stuck. Mark was employed in one of the big banks here in the UK. He knows many people who work in medium to large companies and is surprised … Read More >

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