Risk Management is All in YOUR Head

Filed under Risk | Posted by MMeloni

Everything in life has some risk, and what you have to actually learn to do is how to navigate It. – Reid Hoffman

No project is without risks. It is all in how you handle those risks. And the place to start is at the very beginning. The minute that a project idea is discussed is when you and your team should start thinking, “What could happen?” You are not shooting down an idea, you are thinking strategically. In fact, you are helping to ensure the success of this new project. The better prepared that you can be, the more likely you are to be able to navigate those unknown and unplanned events. Yes, you can prepare for the unknown.

Risk management begins in your imagination and in the imaginations of your team members. You could say it is all in your head. YOU and your team want to walk around thinking, “What could happen?” This should be followed closely by, “And what will we do about it and who needs to know?”

In this way you develop the risk management mindset. Risk management is always important. You don’t stop thinking about project risks until the project ends. Of course there are several project risk management tools and techniques to help you. You can look at your Work Breakdown Structure (WBS), you can look at lessons learned from past projects and you can conduct brainstorming sessions.

The good news is that there is a new pmStudent course dedicated to this topic and covering all of the basics.

Now you can get into that mindset and also master Project Risk Management.

If you are new to risk management, or you work in an environment that does not really employ risk management or you would like a refresher, then this new course from pmStudent is just for you.

Be sure to check out www.learn.pmstudent.com/the-project-risk-management-course