Have you ever wondered how many risks you encounter every day? Whether on the road, at home, or even while eating – dangers lurk everywhere, often unnoticed. However, with good risk awareness, many problems can be avoided before they arise. I recently experienced this firsthand in my kitchen when a small oversight caught my attention. […]
Category Archives: Risk Management
The Project Diary: The Project Manager’s Essential Memory Aid to Save Time and Avoid Trouble
Do you find the idea of maintaining a project diary as a project manager far-fetched? Have you even heard of a project diary before? If not, it’s time to familiarize yourself with this invaluable yet often underestimated tool in daily project management. Curious? Keep reading! Can You Still Remember? Can you still recall the decisions […]
Stakeholders Are One of Your Biggest Project Risks
The best processes and methods alone won’t make your project a success. Projects are delivered by people, and it’s people who do the work. Likewise, it’s people who can hinder or even halt your project. Often, the biggest risks to your project aren’t changes, budget overruns, or incorrect assumptions but rather the dynamics and influences […]
Why Written and Precise Agreements Are Essential in Projects
Project documentation management is often underdeveloped, particularly when it comes to recording decisions, agreements, and “relevant facts.” Too often, things are agreed upon verbally, with trust in the other party or an assumption that everything will work out fine. But there are risks lurking here, ones you may not have fully considered in the past. […]
Mastering Uncertainty in Projects Through Continuous Risk Management and Project Control
In the world of project management, success is never guaranteed. No matter how detailed the plan or how skilled the team, the path from concept to completion is often riddled with unseen challenges and unpredictable roadblocks. As project managers, our job isn’t just to execute a plan, but to prepare for the unknown—to anticipate the […]
Expect the Unexpected – How the SNB Surprised Everyone
Risk management is about looking for uncertainties that could jeopardize company goals, project goals or your personal goals. However, you are often surprised by events that you did not expect at all, but were not unlikely to occur. When such events occur, however, they often hit like a bombshell. The Swiss National Bank (SNB) produced […]
What Does VUCA Mean in the Context of Projects?
VUCA is a term that describes the unpredictable and rapidly changing nature of the modern business environment. VUCA is an acronym that stands for volatility, uncertainty, complexity, and ambiguity of general business conditions, market situations and world events. In this article, I will show you exactly what the components of VUCA mean and we will […]
The ROAM Risk Model in Agile Projects and Its Deficiencies
The importance of risk management in projects can not be emphasized enough. This seems obvious, but unfortunately most project managers or agile teams have not yet recognized this. In recent years, the ROAM Risk Model has become established in agile projects at team level, but also at higher levels in scaled frameworks, e.g. in SAFe. […]
Search the Root Cause of Risks!
You probably know this: there is a medicine for every illness! This is probably one of the problems that make our healthcare system so expensive, because this approach focuses on the symptoms and not on the actual root causes of our illnesses. We often make exactly the same mistake with projects when dealing with risks. […]
Assumptions in Projects Are Often Neglected Risks
There are many types of risks that threaten your project. These depend on the type of project or the industry sector in which it is carried out. One particular type of risk that is often ignored, however, are the assumptions that are made in most projects. “We assume this will be the case or this […]