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September 27, 2008

Comments

Glen B. Alleman

Wayne,
While the material in this episode is very useful for managing the project to success, the term "risk" management has been overloaded with the term "issue management." If an external has been identified along with the potential difficulties, this is an Issue that must be worked by the project manager.
By definition, risk is a probabilistic event with a probabilistic impact.
While not critical to bring the level of awareness of managing issues and risks for project managers, there is a fundamental gap in understanding about how to mitigte or retire risk from the project when issues are included.
One of the best sources for "risk management" is the DoD PMBOK and the DoD Risk Management Handbook and http://www.risk-doctor.com/. NASA as well as other government agencies that deal with Risk Management everyday als o provide guidance. Finally a good starting source for risk management tools is http://www.mitre.org/work/sepo/toolkits/risk/index.html.
While these sources may seen excessive, my experience in enterprise IT (ERP) has shown that when risk and issue is confused the resolution also gets confused and everything that is marked as a risk has no specific mitigation and therefore burdens the project with undo cost and delay.

projectmanagement04

Project management certification and accreditation is determined by the passing of two exams. The Foundation exam is a multiple-choice test that lasts for up to one hour. The Practitioner test is a bit more complex, mixing in objective testing with multiple-choice questions, and clocking in at approximately three hours.

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