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Risk/Opportunity

With uncertainty comes opportunity. But if a project manager is consumed with managing the risks, there is little time to manage the opportunities. Good risk management is not about fear of failure, but removing barriers to success. And this is when opportunity management emerges.

Glen Alleman

VP Program Controls, Lewis & Fowler

As VP, Program Controls, Glen brings his 30 years experience in program …
In the project management domain, the subject of risk management ranges from addressing the political risks of a project’s outcome, to the risks of a supplier failing to deliver on time, to the technical failure of a product in the marketplace, to the nearly endless possibilities that could disrupt the path to success.
 
As well, risk management is applied in diverse disciplines. Statistics, economics, psychology, social sciences, biology, engineering, toxicology, systems analysis, operations research, and decision theory, have risk management disciplines.
 
Although risk management as defined in PMBOK is useful, a better paradigm to manage both risk and opportunity is “Managing in the …

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TOP CONTRIBUTORS

John D'Entremont

Project Manager, PMP
John D’Entremont, PMP, is a project manager in the financial industry, w…

Glen Alleman

VP Program Controls, Lewis & Fowler
As VP, Program Controls, Glen brings his 30 years experience in program …

Andy Jordan

President, Roffensian Consulting Inc.
Andy Jordan is a well known author and speaker on project management and…

Tom Mochal

President, TenStep Inc
Tom Mochal, PgMP, PMP, TSPM is the president of TenStep, Inc. (www.TenSt…

Janis Rizzuto

Contributing Editor, ProjectsAtWork
Janis has been writing for ProjectsAtWork for more than a decade, starti…

Aaron Smith

Editor, ProjectsAtWork.com
Aaron has been the editor of ProjectsAtWork since 2001, leading its evol…

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