A Three Pronged Attack on Project Risk

Time: 9:15 am - 9:35 am

Date: 1 May 2019

1-may-2019 09:15 1-may-2019 09:35 Europe/London A Three Pronged Attack on Project Risk

Project risk analysis and management (PRAM) is traditionally about trying to ensure project performance by reducing the threat and or enhancing the opportunity of predictable future issues. Although this approach does not exclude the threats and opportunities of stakeholder’s behaviour we think there is a good case for treating them in a different way. Dealing… Read more »

Making Pharmaceuticals

Synopsis

Project risk analysis and management (PRAM) is traditionally about trying to ensure project performance by reducing the threat and or enhancing the opportunity of predictable future issues. Although this approach does not exclude the threats and opportunities of stakeholder’s behaviour we think there is a good case for treating them in a different way. Dealing with people’s behaviour does not always lend itself to a risk plan on a risk register.

We maintain that there is value in treating this risk in a different ways which is why we have used performance risk to define the traditional risk analysis and management process and relational risk to describe the less formal but important behavioural risk. A third element is provided by using the theory of constraint (TOC) which is a good way of looking at elements that already exist like company procedures and polices that can also impact on your project.

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