“Please make yourself available for a training on risk management or else be ready to be replaced by someone who will. This project will not fail with you!” My team members will hear this the moment risks are ignored. I will demand that risk management be given the same attention as time, scope and cost management when undertaking a project.
Serious consideration of risks in project management is a MUST or else one has to be ready for shutdown, to abandon work, to be charged for breach of contract or to miss the opportunity for a better project implementation. Positive risks (opportunities) should be embraced and exploited while negative risks (threats) should be avoided, if not should be mitigated to ensure that impact is manageable.
I don’t like negative surprises especially
in my line of work. Managing the organization’s limited finances taught
me to be overly meticulous of project proposals especially the portion “budgetary
requirements”. Is everything included and do estimates reflect cost escalation, delivery charges, taxes and time delays are just two of the questions
I ask when evaluating a project proposal’s budgetary requirements to ensure sufficiency
and accuracy of the appropriation, completion and functional use of the project. I
cannot be complacent because the burden of looking for
additional budget/funds to complete a project rests on my shoulders and any miscalculations/mismanagement
of project variables will affect the cost variable.
