Welcome to the Project Risk Management Blog – a resource I hope you will find delivers insight into the practice of Risk Management from a unique perspective.
To start, let’s talk about who I am. My name is Matthew Peters, and I work for CAI, a private IT services and consulting firm, in a Research Engineering/IP Development capacity. My interest in Risk Management for projects is focused largely on Risk Identification and Risk Measurement (how can you manage a risk if you don’t know what it is or how “big” it is?).
The topic of this blog is the collection of assumptions I’m making about Project Risk Management, so let’s get into them to level-set:
1) “You can’t manage what you can’t measure.” It’s not my quote, but I do agree (in fact, I’m not sure who it does belong to – in various wordings it’s been attributed to a lot of people, the most common of which seems to be Peter Drucker, and the oldest of which seems to be Galileo Galilei).
2) Academic research has more to offer industry than many people in industry seem to realize.
3) Several of the most difficult problems industry has to tackle (Risk being one of them) are research problems at their core.
4) Academic research isn’t perfect, and in fact, it commonly does not tell a consumer what they can actually do about the problem being reported.
5) Risk can never be eliminated – and this shouldn’t be our goal. Our goal should be to know as much about the risk as possible (because this is how we make informed decisions about the risk, i.e. – manage it).
My objective with this blog is to start a conversation about how to make Risk Management a manageable activity for projects.
Posted On: Thursday, April 8th, 2010
Posted In: Featured, Project Risk Management
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