Friday, December 22, 2006

When do risks enter a project?

All Risks are present at the conception of a Project
There are no risks that have any potential of occurring that were not present when the project was first conceived. Many risks will never occur and many will never be identified, but they're all there at the conception and will always have some level of potential from that point forward even after the project officially ends. SO - the overall number of risks never increase or decrease over time - what does change is the level of identification, the likelihood of occurrence and the change of impact. A PM's job is to root out the risks that have a high likelihood of occurring that have a high impact and focus the team on mitigating those. The majority of potential risks will never be identified, which in a way is good since the overwhelming number might hinder the team from making progress. Realize the possibility of something happening, keep your eyes open, and move forward bravely.
Take calculated risks. That is quite different from being rash.
George S. Patton

No comments:

Post a Comment