Risk & opportunity management, as done traditionally in project management, is not effective for complex projects. It often becomes a bureaucratic exercise only done to give comfort to the organization and its auditors. Yet, if done well, leveraging opportunities and managing risks can greatly enhance the project’s and organization’s success. What is usually done wrong and how can we fix that?
why are Monte Carlo approaches not giving a good vision of the actual project risks?
In our new groundbreaking White Paper 2012-11 “Take Risks, but Take Risks the Right Way: Reframing the Opportunities and Risk Process for Complex Projects”, we examine what are the conventional risk management approaches, and why they can’t apply to large, complex projects. For example, why are Monte Carlo methods not giving a good picture of actual risk levels?
We further revisit the conventional risk management organizations to propose a way forward that will really account for the risks in large, complex projects.
Learn what your real risks are and how to reframe your project risk management process in our White Paper 2012-11 “Take Risks, but Take Risks the Right Way: Reframing the Opportunities and Risk Process for Complex Projects”.
