NOTE: this episode was initially released with the wrong audio file. It was corrected on 10 December 2019. In this edition we talk about Lenore Skenazy and… Read more “Growing Up With Risk ※ | 16”
In project management, a Management Reserve is “an amount of the project budget withheld for management control purposes. These are budgets reserved for unforeseen work that is within the scope of the project. The management reserve is not included in the performance measurement baseline” (PMBOK).
There are three different types of management reserves identified in
In Practice Standard for Project Risk Management the authors illustrate the structure of a quantitative risk analysis. The structure contains Risk Prioritization, Examine Interrelationships Between Risks, Collect… Read more “Risky Links”
Much of the conversation about project risk management approaches the subject from a negative perspective. Project risk is just as much about improving the chances of a… Read more “A Black Swan in Oklahoma”
Everyone has a bias. A bias is generally understood as a preconceived position on a subject often viewed as unreasoned by others. The reality is the bias… Read more “Balancing Your Bias”
Navigating the risky waters of a project requires the same tools that helped navigators travel across the ocean, good charts. In this post I review the usefulness… Read more “Charting the Project Ocean”
Taking over any project no matter what the phase takes a great deal of effort. For the project manager it’s a time when their reputation is getting… Read more “Minimizing The Risk of a Second Hand Project”