on Risk & Safety

Guest Post by Malcolm Peart (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

You wait 15 minutes for people to turn up, call-in, or get on-line.  Some may have popped down to Starbucks to get their daily fix of skinny hazelnut caramel latte, or green tea or Evian water.  The punctual few chit-chat away about anything and everything except the meeting agenda in case they commit some anticipatory faux pas.  Then there are those, particularly the decision makers, who let everybody know that they only have a certain amount of time available; they will need to leave promptly so they won’t be late for their next meeting and with all plausible deniability may avoid decisions and conclusions; but wasn’t that the point of the meeting?

Guest Post by Andrew Sheves (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Asking ‘what is risk management?’ often gets you the trite answer ‘it’s the management of risk’ or we get a list of activities associated with risk management. Neither result is satisfying and we need a better definition that explains the intent of risk management along with some clarification of what this is and is not. Here, I’ve presented some initial ideas on a definition along with four components that should give us a more thorough definition. 

Guest Post by John Ayers (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Studies show that the majority of companies today outsource up to 60-70% of their work scope to subcontractors to stay competitive. As a result, subcontractors are a major source of risk to a project.

How to minimize the subcontractor risk on a project is addressed in this paper. The approach to do this is based on my 30 years of project and project risk management experience and knowledge.

Guest Post by Malcolm Peart (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

I was once taught that good project management and mitigating the risk of failure was a combination of Fayol’s three pillars of planning, organising and controlling glued together by effective communication and enclosed in a bubble of morale.  I was later to learn that that if one overindulges or ignores any one pillar, or fails to communicate effectively rather than just efficiently, the oftentimes thin bubble of morale may rupture.  The unfortunate result is the loss of management coherence and the real possibility of project failure.

Guest Post by Daniel Burrus (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

These days, you can find a slurry of memes and motivational graphics on social media alluding to the concept that you must always beat out your competition in business. But contrary to popular belief, competing with other businesses is actually quite counterproductive, especially in the post-pandemic “new normal” we face – something we never expected to be facing as we entered this new decade.

Guest Post by Malcolm Peart (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

A project with a problem…not a new phenomenon and more likely than not ‘business as usual’ for most, but how do we address the problems on our projects?

Theoretically there’s the risk register and plan with a predetermined set of mitigation actions and designated owners who, although being potential scapegoats, are expected to manage risks magnificently while still dealing with the rest of their, hopefully, nonproblematic scope.  Problems plague projects despite alleged prior preparation and proper planning.  But it’s the way that people behave and interact that can make all the difference when resolving the problem and keeping the rest of the project on-track.