Risk Management

Part of the Project Planning is to start assessing and mitigating risks. It starts from the two-dimensional (effect-probability, green-yellow, red) chart till sophisticated FMEAs. Technical risk is the “easiest” as there are standard methods to make it.

I faced/experienced several non-technical problems during my professional life. I selected some examples:

• Transferring a product/process: how to guarantee to keep vital knowledge and employees, avoid (un)intentional damages and identify hidden details critical to success
• Transferring a facility to another country: (if it is only 15km away) how to comply with local labour law and how to satisfy/keep employees with the proper contracting
• Selecting new suppliers: how to handle the learning curve, improve communication and overcome intercultural barriers
• Matrix organization: how to manage Subject Matter Experts′ load
• End customer: how to handle parallel developments meet at a single point (Automotive SOP)

There are other areas like suppliers, contracting, supply chain, financials etc. where you may face significant risks.

I strongly encourage you to maintain your Risk Management during the whole project life.?

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I love project management because there is always something new and challenging. I haven′t seen any project that was 100% defined and ran smoothly. However, I prefer to handle at least 90% of the risks and have an idea of what may happen. If we get under 80%, we slip into continuous firefighting mode which eats people′s souls.??

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I welcome your experiences and comments.

#projectmanagement #interim #sixsigma #projectleadership #medicaldevices