A risk in project management is anything that could affect your project’s timeline, performance, or budget. Risks are potential problems and in a project management context, they become issues that must be addressed if haven’t been apprehended. (Ray, 2021)
Having a background in Marketing, we were not trained for risk management. Most of the training is more on problem solving and crisis management where risks have already become issues and we find ways how to mitigate the effects. The scenario is always how you can turn the tables.
A question was asked, “How will you respond to your team members who do not put value to project risk management?” Honestly speaking, I am the team member. Due to my experience and training, crisis management have been given more focus than risk management but if you can see the whole picture, stress and other negative effects of handling these problems should have been prevented if we have already perceived the risks.
There have been a number of times I became a lead to a project, or a project manager and risk management have not been put it out on the table or even discussed. Goals, objectives, timelines, budgets, and control measures were specified but not about risks. Putting value to project risk management should start from the project managers. With that in mind, it will naturally flow and be appreciated by the team members. They themselves will find value in risk management and later be passed on as practice to other projects.
It will start first within yourself that you are willing to undertake the frameworks and models under project risk management in order to recognize that while problems may always occur but it will be better if risks will be identified first. In the future, you will be at a better place in risk management than always having to face crisis management.
I don't take risks... but if it's you, that's another story. Kudos! 🤗
ReplyDeleteIntriguing title haha
ReplyDeleteI love it!
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