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  1. Val Workman
  2. Risk Management
  3. Tuesday, 10 October 2017
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Hi guys, thanks in advance for your responses. I find that Risk Management is one of the most neglected practices in both project and product management. Why? Well, I'm going to be coming at this as a book review of three different books as I have time. I'd like your comments on my thoughts as well as the book's content. Of course, it would be great if any of you have read the books, but not required. What are your thoughts on Risk Management?

Risk Assessment and Decision Making in Business and Industry, A Practical Guide, by Glenn Koller
1) What types of problems can risk assessment be applied to?

Applied Software Risk Management, A guide for Software Project Managers, by C. Ravindranath
The Failure of Risk Management, Why It's Broken and How to Fix It, by Douglas W Hubbard
Comment
I am looking forward to trying out that second book, but I wanted to ask. Do you think part of the reason this field is a neglected practice is due to the common belief that risk assessments are generally inaccurate? Or at least too inaccurate to be valuable? MY own experience has found the metrics we attempt to use to define, monitor, and predict risk to be incomplete. Thoughts?
  1. Alden Ibbetson
  2. 1 month ago
It depends a bunch on the business context. Risks for the information system implementation projects I have led have largely consisted of "what if I don't get the resources I need?", "what if what we roll out breaks something?" and "what if the vendor is late?" So while the negative impacts of these things happening are not nice, they don't compare to the risks of building a new jet fighter. In my little IT world, recovery from occurred risks was relatively easy and the impacts were not severe enough for management to demand that we do a better job of planning for and controlling risks.
  1. Robert Goodhand
  2. 2 weeks ago
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