Oct 2015 – Weight loss for risky projects (Addressing risk obesity)
Presented at the PMI Global Congress NA 2015, Orlando FL, USA, 12 October 2015
Risk obesity happens when we take on too much risk as a result of uncontrolled risk appetite. We need to take the right amount of risk in our projects – the amount that we can digest and deal with effectively. Risk obesity can make us inflexible and slow to react to risk, and it can lead to multiple problems with delivering the intended benefits of our project. This paper describes how to tackle risk obesity by controlling risk appetite, reducing risk exposure, and changing our risk-taking habits, so that we can reach an acceptable target level of risk exposure.
May 2015 – Risk facilitation made easy
Presented at the PMI Global Congress EMEA 2015, London, UK, 12 May 2015
A skilled facilitator makes things easy. But how? Facilitating a group is often hard work, especially when we’re dealing with uncertainty. This paper explores how to handle difficult people, and explains how and when to use the three main facilitation styles to ensure that risk workshops are both effective and fun!
April 2015 – Managing risk in your SME
Risk Management Today, Vol 25 No 3, 2015, pages 41-42.
Is risk management only relevant to major organisations with big budgets? Is it only for mega-projects or industries that are highly-regulated or safety-critical? Owners of small-to-medium-sized enterprises (SME) might be tempted to think that they don’t have time for risk management. Perhaps they can just manage risk intuitively, without the overhead of a formal risk process or tools. But are they missing something important that could help SME businesses to succeed, create more value, reduce problems and make our lives easier?
March 2015 – Top ten myths of risk
APM Project magazine, Spring 2015, pages 58-59
Since the dawn of time, mankind has used myths to make sense of the uncertainty that surrounds us. Unfortunately many myths have grown up around risk management. These may have some basis in truth, but they are far from an accurate representation of reality. This article explores the top ten risk myths, and how to counter them.
March 2015 – Exploding common myths about risk management in contracts
IACCM Contracting Excellence online magazine
Contracts are a mechanism for transferring risk between contracting parties. For most people however, the way this is understood and implemented is limited to choosing the form of contract. But there is a better way to understand the relationship between risk and contracts. By recognising the true nature of risk, we can ensure that our contracts address it intelligently and appropriately, sharing the risk challenge equitably between the contracting parties so that risk is managed effectively and the contract purpose is achieved. This paper explains how a wider view of risk in contracts will maximise our chances of success.
Oct 2014 - How risky is your project? And what are you doing about it?
Presented at the PMI Global Congress North America 2014, Phoenix, AZ, USA, 26 October 2014.
This paper clarifies the concept of overall project risk, explains its importance, and outlines how it can be identified, assessed, managed and reported. Only by broadening our risk approach to include this aspect can we answer two key questions from project sponsors, stakeholders and customers: “How risky is your project? And what are you doing about it?”
Oct 2014 - How to manage the risks you didn’t know you were taking
Presented at the PMI Global Congress North America 2014, Phoenix, AZ, USA, 27 October 2014.
Most people define risk as an uncertain future event that would have a negative effect on achievement of time and cost objectives. But risk includes much more than this. This paper explores the other types of risk that are usually missed from the typical risk process. Drawing on leading thinking and current best practice, the paper explores the full range of project risks that need to be managed, starting from the proto-definition of risk as “uncertainty that matters”.
May 2014 - Managing overall project risk
Presented at the PMI Global Congress EMEA 2014, Dubai, UAE, 6 May 2014.
How do you respond when your sponsor asks “How risky is this project?” Leading standards for project risk management define “overall project risk” to answer this question, but most of us ignore it. Take your risk management to the next level and discover how to assess and manage the overall riskiness of your project.
April 2014 - Perspectives on risk management & behavioural finance
Journal of Risk Management in Financial Institutions, Vol 7 No 2, 2014, 114-121
This opinion piece offers four views on whether risk management frameworks should take account of behavioural research, and whether it is possible to regulate “reckless behaviour” in financial institutions. Differing answers are provided by Dr David Hillson (The Risk Doctor Partnership), J R Soberhart (Citi Franchise Risk Architecture), Irina Ursachi (KPMG) and Prof Frank Riedel (Bielefeld University).
Oct 2013 - The A-B-C of Risk Culture - How to be Risk-Mature
Presented at the PMI Global Congress North America 2013, New Orleans, USA, 28 October 2013.
Understand what drives risk culture, what a good risk culture looks like, and how to develop one in your project or business. Discover how choosing the right risk attitude can lead to appropriate risk behaviour, which in turns produces a mature risk culture.
Ask the Risk Doctor
Meet the Risk Doctor in person at events across the globe.
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|2 May||APM annual conference
|3 Jun||Risk Energetics workshop
Advanced Risk Management Programme for Nationwide Building Society
|7 Jun||Project Risk Management Masterclass
Executive Development Program in Project Management, at La Salle University
Risk Doctor Network briefings provide regular insights into current risk issues.
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