What risk management competencies do you need to look for in someone with a large element of risk management in their job profile? Whether that’s a technical risk management role, an enterprise risk manager or someone in the PMO leading on project risk, there are a number of competencies and skills for risk professionals that […]
5 Ways to Classify Risk
One of the things we need to know about a project or business risk is what does it mean for us now? To classify risk, basically means putting risks into categories. When they are categorized, you can see the bigger picture. Do you have lots of risks that have a potential financial impact? Or a […]
10 Things You Need To Know About Risk
When you’re starting out managing risks, it can feel like you’re staring at a blank spreadsheet or database. What is it that you are supposed to start recording about these things? Project and business risks vary, but what we need to know about each risk is always the same. Here are 10 things you should […]
How to Bring Risk Communities Together
Bringing Risk Communities Together The discipline of enterprise risk management is constantly evolving. Risk management is an aspect of all areas of your organization. However, sometimes we see that those areas aren’t pulling together in a way that supports an enterprise-wide view of risk. In this article, we’ll look at where you will find employees […]
Does Your Business Manage These 3 Types of Risk?
3 Types of Risk you Should be Managing! We often meet managers who have a solid understanding of the concept of risk, and enterprise risk management, but who have a narrow view of what risk actually is. For them, risks are bad. They represent things that could go wrong. Risks should be managed out of […]
5 Reasons Why Your Business Needs Risk Management
Many businesses say they do risk management, but when you look more deeply into what they do, it’s a spreadsheet of possible business risks, updated quarterly. This is a start. But in order to operate competitively today, risk management needs to be high on your organization’s agenda, and embedded in the fabric of how teams […]
How to Get Your Teams to Speak “Risk”
Do your teams speak the same risk language? Risk management happens at multiple levels in the organization. Project teams record risk, and pass those up to program managers. Program risks are consolidated at a portfolio level. Then departmental managers have local risk logs, passing those up through the management hierarchy. Ultimately, you have one central […]
7 Questions to Ask Before Embarking on Risk Management
Risk Management Program Often we see project teams who do carry out risk management on projects, but they do so in a way that is fragmented. Project managers learn about risk techniques on training courses and through learning from their peers. But there comes a point when the PMO needs to step up to implement […]
7 Risk Management Metrics to Track
7 Risk Management Metrics to Track We all know that managing risk across projects, programs and your entire portfolio, is important. Risk management is something that’s embedded into the way businesses are run and into project management methodologies. However, beyond the risk log, what kind of tracking do you do on risk? In this article […]
Risk Management: Quick Fixes for Leaders
Risk Management Quick Fixes – Risk management is a large topic, and there are whole books written about it. So where do you start when you know you want to do something different – better – but don’t know exactly what that would look like? Here are five questions, and five risk management quick fixes […]