{"id":6150,"date":"2011-06-17T01:01:28","date_gmt":"2011-06-17T08:01:28","guid":{"rendered":"https:\/\/svapm.org\/?p=6150"},"modified":"2011-05-10T06:34:12","modified_gmt":"2011-05-10T13:34:12","slug":"effective-rick-management-starts-with-experience","status":"publish","type":"post","link":"https:\/\/svapm.org\/?p=6150","title":{"rendered":"Effective risk management starts with experience."},"content":{"rendered":"

\"\"<\/a>We can study about risk management.\u00a0 We can take classes on steps for risk assessments.\u00a0 We can learn about using probability and impact to prioritize our hazard lists.\u00a0 But it\u2019s experience that streamlines our risk assessment process.\u00a0 With experience we can quickly list only the relevant risks. \u00a0Its experience that automatically eliminates the low probability and low impact items.\u00a0 The unnecessary items become invisible and therefore free time to focus on the more important items.<\/p>\n

Even with the proper training, inexperience costs both time and money in a few ways:<\/p>\n

1)\u00a0\u00a0\u00a0\u00a0\u00a0 Exaggerating lists of hazards.\u00a0 This creates a difficult to manage list of “what could possibly go wrong”.\u00a0 Each item then needs to be sorted and priorities according to probability (high\/how) and impact (high\/low).\u00a0 This prioritization take time.<\/p>\n

2)\u00a0\u00a0\u00a0\u00a0\u00a0 Underestimating or even being oblivious to any time estimates, possible delays or bottlenecks, unaware of critical path issues that may arise.\u00a0\u00a0 Being unaware is more dangerous to a project than over-zealousness in listing the risks.<\/p>\n

3)\u00a0\u00a0\u00a0\u00a0\u00a0 Having no idea of the impact or probability of the incident.\u00a0 Without an accurate knowledge of the probability or impact of the incident occurring, you simply have a long list of “could happen”.\u00a0 You have no way to prioritize or idea on which to create contingency plans for and which to simply accept.<\/p>\n

Acknowledging that sometimes (as in the above) ignorance isn\u2019t bliss, what can we do about it?\u00a0 We can\u2019t gain experience overnight\u2026\u2026or can we?<\/p>\n

Borrowing expertise.<\/strong><\/p>\n

The first step for a project manager is to be self-aware of your talents, skills, and gaps.\u00a0 If you are not experienced in a particular area, look for ways to fill that space.\u00a0 Once that hole is identified, there are several ways to gain experience and expertise in a short amount of time.\u00a0 The quickest way is to steal it from someone or someplace else.<\/p>\n

1)\u00a0\u00a0\u00a0\u00a0\u00a0 Hire a consultant that has done this type of project before can be a big help.<\/p>\n

2)\u00a0\u00a0\u00a0\u00a0\u00a0 Interview your current project team for similar projects in their history.<\/p>\n

3)\u00a0\u00a0\u00a0\u00a0\u00a0 Look for similar projects in sibling departments or groups.\u00a0 Perhaps borrow their resident expert for a short period.<\/p>\n

4)\u00a0\u00a0\u00a0\u00a0\u00a0 Visit your local professional organizations and groups that are in a similar technology.<\/p>\n

5)\u00a0\u00a0\u00a0\u00a0\u00a0 Query on the various social professional networks like LinkedIn for advice.<\/p>\n

6)\u00a0\u00a0\u00a0\u00a0\u00a0 Research the internet for recommendations and articles.<\/p>\n

Conclusion:<\/strong><\/p>\n

Every project will have a variety of risks associated with them.\u00a0 It’s difficult to be experienced in all the things that could possible happen.\u00a0 But with a few tricks, you can fill in the gaps to contineu to develop your own knowledge base as well as protect the project’s progress.<\/p>\n

Let me know if these tips help.<\/p>\n","protected":false},"excerpt":{"rendered":"

We can study about risk management. We can take classes on steps for risk assessments. We can learn about using probability and impact to prioritize our hazard lists. But it\u2019s experience that streamlines our risk assessment process. With experience we can quickly list only the relevant risks. Its experience that automatically eliminates the low probability and low impact items. The unnecessary items become invisible and therefore free time to focus on the more important items.<\/p>\n","protected":false},"author":1508,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9,855,847,849,850,899],"tags":[39,64,17,154,1375],"class_list":["post-6150","post","type-post","status-publish","format-standard","hentry","category-risk-management","category-pmbok-process-executing","category-self-leadership","category-team-leadership","category-organizational-leadership","category-career-2","tag-best-practices","tag-communication","tag-lessons-learned","tag-project-success","tag-risk-management"],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/posts\/6150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/users\/1508"}],"replies":[{"embeddable":true,"href":"https:\/\/svapm.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6150"}],"version-history":[{"count":0,"href":"https:\/\/svapm.org\/index.php?rest_route=\/wp\/v2\/posts\/6150\/revisions"}],"wp:attachment":[{"href":"https:\/\/svapm.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/svapm.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/svapm.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}