Tag Archives: Risk Management

Assessing Risk in Project Management

assessing risk
Are you assessing risk effectively?

The Scout Motto is “Be prepared”. I don’t know if a study has ever been done to determine whether former scouts make better project managers, but it wouldn’t surprise me if there was a correlation.

The most successful project managers I know are prepared for almost anything. Over the years, the most successful way I’ve found to be prepared is to have a formal risk assessment process, in which risks are addressed early and often.
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Project Risk and the FedEx Truck

project risk
Assessing project risk
project risk
Assessing project risk

I recently went on a family vacation to Vermont. Even while I was admiring the beautiful green mountains of that state, I couldn’t help but get distracted thinking about project risk.

We were visiting some family who took us on a drive to Stowe, VT. It was a beautiful drive through the mountains with dense trees and mountain scenes. There was a narrow pass named Smugglers Notch, in which the road narrowed and curved sharply. The lane was wide enough for two cars to meet, and still pass. But it required them both to slow down enough to avoid hitting each other or the side of the mountain.

When we entered the mountainous area, I noticed a sign that read “Road ahead unsafe for trailers, trucks and buses.” I didn’t think too much about it until we got a few miles in and an oncoming car flagged us down.
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