September 2013
Beginner
400 pages
10h 14m
English
book
Project Risk Management: Essential Methods for Project Teams and Decision Makers
by Yuri Raydugin
Content preview from Project Risk Management: Essential Methods for Project Teams and Decision Makers
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
CHAPTER FIVE
Risk Assessment and Addressing
Questions Addressed in Chapter 5
- What kind of measuring tool is required to assess uncertainties?
- What is the anatomy of a good RAM?
- Do we assess probability of a random event or possibility to discover a premeditated broiler black swan plot?
- Do we ask the right questions?
- Why did Italian geophysicists go to prison?
- What are five fundamental uncertainty addressing strategies?
- What is an addressed uncertainty?
- What are the roles of monsters, pets, diamonds-in-the-rough, and fine diamonds in risk management?
- What does a do-it-yourself risk register look like?
- What does PETRA mean and how should it be used for addressing?
- What is the role of bias?
IDENTIFIED UNCERTAIN EVENTS SHOULD BE properly managed to decrease the overall uncertainty of project outcome and chances of failure. To understand how damaging downside uncertainties could be and how favorable upside uncertainties should become, project teams need a measuring tool. It should be adequate but simple to use. That measuring tool should be used even before any attempt to manage uncertainties is undertaken. However, the tool is as good as our understanding of the nature of measured objects. The right questions about uncertainties should be asked to carry out adequate measurements of their probabilities and impacts on project objectives.
To make managing uncertainties more proactive ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.