Discussion post (managing project risk class)

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“What Did We Learn?” Please respond to the following: (add references with post)

  • What are the four lessons learned from this course about risk management that you can share with your project team?
  • As project manager, how would you apply these lessons to an upcoming project?

Also respond to these two classmates

Tamara Washington

Week 2 Discussion set the tone for the whole course and my career as a PM. I learned that as a PM I am ultimately responsible for how my decision affect people. I didn’t realize that risk management could involve death as a possibility. It made me take a serious look at projects. I learned that you can never really plan for uncertainty but create situations that would help prevent a risk. I learned that you can learn while in the process of projects and learn to enable policy change with an organization. Finally, I think the human factor was one of the most important. During this lesson, communication played a huge and important part. Communicating to all the stakeholders properly and in a timely fashion can reduce some of the risk, uncertainty, and may even stop casualties. It can also help the flow of the project by meeting deadlines and may create new opportunities for you organization.

I will go into my all my projects knowing that during the process and at the end of a project my decision affects somebody. I will clearly communicated risk no matter what position I may be in; I know the importance of it now.

Shauna Brown

Hello Class –

Risk Management should be a day to day process for every project. Generally speaking, small projects tend to come with small risk and large projects with large risk. Four lessons to share would be 1. Planning – a simple way of saying “think ahead”. Think of possible storms and how to handle them. 2. Identify Risk – understand what a risk looks like 3. Conduct a SWOT analysis – Strengths, Weakness, Opportunities and Threats. 4. Risk Register – An important component of overall risk management framework. As a PM all of these lessons hold its own value in relationship to projects. I would plan for the upcoming project, by conducting analysis as well as being read to identify any risk. All information would be logged on the register, know what its used for and the importance of it.

Shauna

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