A project with a poor risk management foundation is like a house with a fragile foundation. Eventually it will fail.
Why Should It Matter to You?
Knowledge and skills with the four cornerstones of risk management, dramatically increase the probability of you realizing project manager success. Conversely, a lack of knowledge will likely lead to poor project manager performance.
The 2020 democratic presidential candidates are backing the New Green Deal, which calls for the elimination of fossil fuels within 10-40 years (depending on which candidate you are talking to). If America is serious about this goal, then nuclear fusion power is the only practical way to begin to achieve it. Continue reading
The trade and tariff disputes with China are not stopping and are escalating. We’re going to hear a lot more about the digital curtain with China. This seems to be the only issue that the U.S. Democrats and Republicans seem to agree on.
What is the Digital Curtain?
The short answer is a digital technological divide between the US and China that started years ago but has intensified greatly recently due to President Trump’s assault on Huawei, China’s largest technological company. Continue reading
Risk Based Informed Decision Making (RIDM) has a risk assessment as input as well as social and other benefits residual risks. This data or information empowers the person to make an informed decision. This following is an example of RIDM. Continue reading
Enterprise Risk Management (ERM) is a relatively new concept. It is a top down approach to business system management and execution. It is designed to identify potential events and risks that can impact the organization. There are 3 levels to ERM. These are: Enterprise Level; Program/Project Level; and Product level. This paper explains the differences between the program and project level. Continue reading