Management Fix: Risk Management Training
A MngtFix is an actionable solution for a problem with pros and cons to be evaluated by a human manager. Every other week we share a little bit of our knowledge base on social media and our newsletter. This week’s MngtFixis…
Have you ever seen this MngtFix? What problem(s) was it solving?
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This week’s “Risk Management Training” is often a forgotten solution.
By definition, a risk is an uncertain event that can be either positive or negative. Additionally, risk management is, “… the systematic process of identifying, analyzing, and responding to project risk.” Risk management incorporates various processes. Models differ — one example is Risk Planning, Identification, Qualitative Analysis, Quantitative Analysis, Response Planning, and Monitoring and Controlling. While risks are “uncertain” events that have not yet occurred, an Issue is an event that has already transpired. A trigger is an indication that a risk is about to or has occurred, and is usually based on parameters that have been “set off”.
(special thanks to https://pmhut.com/a-risk-management-implementation)
Every time the Management Fix “Risk Management Implementation” is used it can and should be accompanied by training.
A successful training session:
- aims at guiding the participants through the new knowledge,
- engages the participants to apply the know-how,
- aid them on the natural doubts that arise,
- creates change agents.
This MngtFix has been mentioned concerning several MngtBugs such as…
“Lack of Communication”,
“Unrealistic Project Budget”,
“Undefined Project Scope”,
“Undefined Project Schedule”,
“Lack of Project Planning”,
and of course “Lack of Risk Management”!
Call to action
What about you? What do you want more or less of on medium post?
Do you have other suggestions?
I would love to know more about your feedback and stories so that we can learn, share and grow together!
Check some of the previous issues https://mailchi.mp/humanmngt/previousissues
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Have a nice week and remember…
Human Managers should strive to be humans while managing and be managed as humans!