Event Risk is your typical ‘stuff happens’ risk that pops up over the course of a project. As part of ongoing planning you use the risk register to record them along with any agreed Decision Risks. The vast majority of these can be described in terms of future events with an impact on the project and occurrence uncertainty – once they are certain, i.e. either 100% or 0% probable, they graduate to something else. Continue reading →

As an enthusiast of LinkedIn’s group discussions, I have seen and contributed to a fair number of discussions on risk within project management.

One thing that strikes me is how the understanding of risk differs depending on the context within a project, and how often these differences lead to confusion.  The participants in one particularly lively discussion relentlessly pursued lengthy dialogs stating and restating their positions only because they were actually talking about two different kinds of risk. Continue reading →