New Post at AITS: Complexity, Profitability, and Risk Management

My latest article for AITS was published today: Complexity, Profitability, and Risk Management.

There is generally a strong correlation between risk and reward, and complexity tends to drive risk. Consequently, project managers often find themselves with endeavors that push the boundaries of their organizations’ ability to deliver. While Agile methods have been shown to help deal with ambiguity, they aren’t a cure-all for complex problems. A rigorous approach to risk management, from early identification and assessment to aggressive development of containment strategies, is the key to realizing those rewards.

As always, thanks for taking the time to read my stuff.

New Post at AITS: Risk Response Strategies Transfer and Avoid

My latest article for AITS was published today: Risk Response Strategies: Transfer and Avoid.

While most project managers and teams understand the Mitigate and Accept risk response strategies, few in IT really understand the Transfer and Avoid strategies. I use the example of a mouse and a trap to illustrate how all four can be considered when assessing a risk for the best response. Note that for any risk, Accept is the default strategy, unless you take specific steps to reduce the likelihood or impact of the risk event.

As always, thanks for taking the time to read my stuff.

New Post at AITS: Managing Risks That Evolve Over Time

AITSBloggingAllianceMy latest article for AITS was published today: Managing Risks That Evolve Over Time.

Some risks are always present, while others are episodic or cyclical, or even overtaken by events. For that reason, it can be valuable to consider the life cycle of a risk, in order to determine whether it needs special handling. I list three cases and explain the factors to consider in each case.

As always, thanks for taking the time to read my stuff.