Risk management is dead - the right to reply
Posted by APM on 28th Jun 2013
This webinar was a response to that given by Jon Broome who expressed concerns over the usefulness of risk management tools and techniques.
The purpose of this webinar was to answer Jons concerns and provide a rational for the risk management methodology detailed in texts such as the Project Risk Analysis and Management (PRAM) Guide.
During the webinar Peter refers to a risk spreadsheet and the short webinar below shows Peter demonstrating this spreadsheet.
In particular answers to the two main questions raised by Jon were answered. This Right to reply focussed on:
Reconciling the differences between what the literature says, what the risk management profession often do and what normal project management people seem to want or need.
Gave practical tips for project management professionals on when or if to use a tool or technique, what to read into the outputs and, in some cases, how to simplify to be less theoretically correct, but more useful and easier to apply.
Peter Campbell is the Chairman of the APM Risk Management SIG, a British Standards Institution Risk Management committee member and Director of the risk management consultancy Risk Advantage Limited. Peter has been a contributing author for guides and books such as Integrating Risk and Earned Value Management, the Project Risk Analysis and Management Guide, the APM Body of Knowledge, the Office of Government Commerce Management of Risk and the recent BS31100 Code of Practice.
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Data sensitivity. All data is probably somewhat sensitive. We wouldn't be sharing it, administrating it, loading legacy versions of it into new business elements, etc. if it weren't important, right?
It is difficult to envisage how a modern project would be managed without at some point creating a chart of tasks to be done in delivering the project’s declared benefits. One of the most enduring types of chart is the Gantt chart.