When you think about risk management, what are the first thoughts you have? Is your view a positive one, or do you view it as another task that has actions that must be completed that adds little value and simply a task or something that needs to be checked off?
There are two key aspects of risk management we need to focus on for all of our work:
- Identify key risks to your project; and
- Implement appropriate actions to help manage those risks.
If we don’t have action plans and mitigation’s for the identified risks, we have done nothing to manage the risk.
At Stratus, project risk management is actually a project managers best friend. What is risk management trying to do? It is trying to help a project manager deliver her/his project safely and efficiently with no surprises? If you find yourself thinking that identifying, documenting, and creating mitigation’s and an action plan for your projects as a waste of time, step back and ask yourself what that action plan is trying to do, manage a risk that if not managed could derail your project, and the Stratus reputation.