Risk management is a cornerstone to effective management, and it is directly linked to high-performing companies. So how can a manager properly embrace risk management and transform his or her projects into successes? In a post for The Project Risk Coach, Harry Hall shares how to adopt risk management. There are seven ways to better incorporate risk management:
- Identify the leaders.
- Educate the stakeholders.
- Acknowledge what risks stakeholders are already managing.
- Start simply.
- Connect risk management and goals.
- Recognize small wins.
- Illustrate how project management supports operational risk management.
Leveraging Project Risk
Leaders influence their workers. When the leaders are clearly identified and defined, they can better set an example for their organization and embrace risk management.
Education is power! Take the time to educate leaders about risk management and why it is such a necessity. If you do not have access to senior-level leaders, you can still illustrate to them great risk management skills by delivering projects successfully. After enough superb projects they will begin to question how it is possible to deliver such quality projects.
Everyone manages risks in their everyday lives. Whether it be avoiding shellfish because of a seafood allergy or taking on a new job because it offers career growth and security, people unknowingly navigate the sea of risks. Risk management does not have to be a huge complicated thing; sometimes stakeholders are subconsciously managing risks.
When the organization has little training, it is better to start risk management off simply. Begin by asking simple questions like “What’s your plan?” or “What’s working and not working?” The goal of risk management is to achieve results, and the best way to do this is to connect it to the goals. Understand what needs to be accomplished and why it needs to be completed. Having a few small wins will help to better increase morale and keeping looking to the positive.
Project managers help to manage the organization’s operational risks. Risk management and the management of operational risks are all connected.
You can read the original article here: http://projectriskcoach.com/2016/06/17/how-to-be-a-powerful-risk-management-evangelist/