Letter from Managing Director, PMI India   |   Download a PDF version     

Common Mistakes in Risk Management

From driving cars to handling emails asking for password details, we are more risk aware today than we were 10 years ago.

Project risk management is often misunderstood as a function that adds more documentation and less action. We expect the project manager to be in the midst of action with significant time spent on communication and status meetings. The time he/she spends on risk management activities gets the client's and other stakeholders' support only when any issue arises.

The key is to be risk aware and not merely risk averse.

The below pointers explain how a project manager can become more risk aware:

A proactive approach will help project managers to improve risk awareness and thereby manage risks more effectively.

(Mr. Chetan Satoskar, BE, ITIL, PMP, is an experienced risk manager with 14 years of diverse experience in IT enabled services and IT outsourcing. He currently works with Accenture as service delivery manager.)

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