Risk Management WorkshopPMI Kerala Chapter organized a workshop on risk management by Rajesh
Nair, PgMP, PMI-RMP, PMI-ACP, PMP, on 3 December in Trivandrum. Mr. Nair
is a management consultant and visiting professor at Keller Graduate
School of Management, Chicago, USA. He is actively involved with PMI and
is a spokesperson for project management ethics and standards. He has
experience in process re-engineering, productivity improvement, and
building a resilient organizational culture.
Mr. Nair urged project managers to adopt a comprehensive and systematic
approach to identify, measure, prioritize, and respond to project risks.
He covered risk profile of projects, risk management processes as
defined by the PMBOK® Guide, and how these can be used
in projects. He illustrated the role of risk in setting project goals,
formulating project objectives, and managing project performance.
Participants had case studies from real world projects to understand and
apply risk management approaches. A consensus among delegates was that
identifying threats or negative risks was easier than finding
opportunity or positive risks. The session ended with a case study on
risk management failures that led to the Titanic tragedy.