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?

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, we will explore how VUCA affects products development in projects and how risk management […]

The ROAM Risk Model in Agile Projects and Its Deficiencies

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!

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 […]

Why You Should Not Rely on Risk Models

Why You Should Not Rely on Risk Models

Risk models are essential tools that enable organizations to manage risk effectively by quickly identifying, assessing, and prioritizing potential threats. Through these models, organizations aim to gain a deeper understanding of their risk exposure, allowing them to make quicker and more informed decisions on resource allocation for risk management or acceptance. Recently, artificial intelligence has […]

Why You Should Not Rely on Risk Checklists

Why You Should Not Solely Rely on Risk Checklists

Risk checklists are much used tools in risk management. They can be a good tool in certain situations. However, it is important to understand the limitations of risk checklists. In this article, you will learn what the advantages and disadvantages of risk checklists are and why I recommend this tool only to a limited extent. […]