By David Hillson
Get the how of accurately handling venture danger during this most modern version of useful undertaking chance administration: The ATOM method. The authors, David Hillson and Peter Simon, have utilized their large event in coping with threat on initiatives to enhance this easy and scalable procedure the ATOM method. ATOM energetic hazard and chance administration is a confirmed useful strategy that every one venture managers, in addition to all individuals of the undertaking workforce, can effortlessly comprehend and use. in response to sound ideas and most sensible practices, this publication publications any member of venture administration crew in accomplishing hazard administration in a real-world setting.
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Many of these benefits offer demonstrable proof of risk management’s value to an organization and its projects. Finally, evidence can be sought from either within the organization or other similar organizations by reviewing case studies of successful projects where the results are attributed to effective risk management. 3 Benefits of Risk Management The Critical Success Factors for Risk Management All of the common reasons/excuses for not applying risk management can be overcome by focusing on CSFs.
Agree that poor project performance is not acceptable when the market expects predictability and strong returns. • accept that they cannot afford to miscalculate project risks, yet they do not have a good grasp on to how to manage them. How, then, is the project manager (PM) to deliver on project objectives in a climate of increasing uncertainty and escalating shareholder expectations for project predictability? It is now widely accepted that risk management is as indispensable to project management as project management is to achieving project predictability.
These factors, which are discussed later in this chapter, are often referred to as Critical Success Factors (CSFs), for two reasons: Their absence leads to a failure of risk management to deliver the full benefit to the organization. Their presence increases the chances of risk management being effective and successful. Putting Critical Success Factors in place may sound simple to achieve, but in practice making risk management work is a real challenge. This chapter explores some of the main reasons for this—not to be negative but to provide possible ways to counteract the most common reasons.