PM War Stories #16 – Mitigating Risks in Project Management

Download PMW_0016_Mitigating_Risks.mp3 (21.2 MB)

Uncertainty is inherent to all projects.  Good project managers have developed their own strategies to both manage and mitigate project uncertainties that can have either a positive or negative impact on a project's outcome.  To further complicate matters, project managers must face overlapping or conflicting views of risk by both the business side and the project team.  What separates the good project managers from the bad is the ability not to only plan for project uncertainities, but the ability to manage risk across the entire organization.

In this episode we will examine the evaluation and management of project risk in its appropriate context, as well as how professional services organizations can mitigate risk when selecting an enterprise resource planning system or ERP system.

Our show is divided into 2 segments.

In part 1, we will be talking to industry insider, Dr. Wilhelm Kross, who is a recognized expert in the fields of risk- and project management. Currently he is President of the PMI Frankfurt Chapter and a Senior Vice President with Marsh GmbH, a subsidiary of Marsh - the world's leading insurance broker and strategic risk advisor. During his career, Dr. Kross has focused on IT mega-projects, crisis and turnaround management, and operational risk audits and management assignments in more than 30 countries. In this episode he will be sharing his insights and experiences in the management of complex and troubled projects while mitigating risks.

In Part 2, the Technology Corner, we sit down with David Hofferberth, who has over 20 years experience in the information technology industry. David is the Managing Director at Service Performance Insight, covering the services economy, with particular emphasis on white-collar productivity issues.  His area of specialization is the technologies that enable peak performance of people and service organizations. In this episode he discusses how ERP technology can provide business benefits and how to make effective ERP purchase and deployment decisions.

We hope you enjoy the show and encourage you to send your questions, issues, and war stories.

Music Notes

1. The opening of the episode – “Country” by The Videos 
2. Interview with industry insider – “Risk your life” by Flipper Dave
3. Technology Corner  – “Integration is InteGREAT” by Csub1
4. The closing of the episode – “PSA” by DynaMic Produktionz

 

Comments

[Project Management Software]

Success of any project is dependent upon how the manager is leading the project. Employing web based project management tools are a way to assist you end-to-end with your project. Plenty of tools are there that enables punctuality of activities with effectiveness like search time widgets, account user number tools, and search groups.

[IT Support El Monte]

Manual processes of attending projects can create major problems sometimes due to lack of accuracy. In web based project management software, all the errors can be removed easily and apart from that you can track and record all of your jobs. Even companies can customize project management software as per their requirements.

[Nicollepetersen]

To keep track of your hours worked and at the same time manage a remote team for recording hours worked
http://www.timedoctor.com/2 is a great software as it will simplify time tracking for you by generating reports or give you an update on your teams daily accomplishments and what each of your team members will be targeting next to accomplish.

[Air Jordans]

Be to act , that each tomorrow.

[taobao buy]

GOOD LUCK!

[air jordan 13]

Thank you for your opiniones and words, dear brothers!
David: yes, in our Spanish speaking world ABBA BIBLES is the only one that rebinds Bibles with high quality leathers and methods. I asked them to upgrade their website, because there will be a lot of people interested in their services. And for Spanish, well, it's the language of Heaven! Isn't it?
Esteban & Abraham: yes, the RVR60 is the most used and trusted Bible in our Spanish speaking churches. The RVR95 is just the last revision of that one, and only affects some words and the order of poetry, but not the Reina-Valera principles. I also have another Bibles versions rebounded by Abba Bibles, and like Mark said, today just is the beggining of the posts about them. Be patient!

[new jordans 2010]

Les amis sont le navire est à voile, l'espace, de réseau, telles que la Banque comme port. Laver ZhengChen, zhankai visages souriants, utilisant le réseau, d'expédier des souhaits. Wake est en riant, le sommeil est doux, le cœur doux, toujours avec bonheur. Donc, nous devons faire beaucoup d'amis et amical pour eux. J'espère que vous tous les jours et avoir une vie heureuse. Merci .....

[sc]

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