The Critical Value of Project Risk Management - Why do we have to manage Projects and Risks differently ?
The presentations tries to highlight the reasons why we have to manage projects and risks differently than years ago. There major reasons have been identified
1) The world becomes flat according to Thomas Friedman
2) There is the inconvenient truth and global warming
3) And the world is changing rapidly
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
The Critical Value of Project Risk Management - Why do we have to manage Projects and Risks differently ?
1. IQPC
Project Risk Management 2008
Brisbane, Australia
The Critical Value of
Project Risk Management
- Why do we have to manage Projects and Risks differently ? -
Torsten J. Koerting
www.TORSTENKOERTING.com
13. Defining the Critical Value
of Project Risk Management
Torsten J. Koerting
www.torstenkoerting.com
14. Risk (definition)
“Probability or threat of a damage, injury,
liability, loss, or other negative occurrence,
caused by external or internal vulnerabilities,
and which may be neutralized through
premeditated action.”
44. … by having all this
information
available at
your fingertips
45. The World 1. The Fall of the Berlin Wall
is flat 2. The Internet
3. Work-Flow Software
4. Open-Sourcing
5. Outsourcing
6. Off-Shoring
7. Supply-Chaining
8. In-Sourcing
9. In-Forming
10.Information Steroids
57. The World The Impact :
is flat
1. Increased Complexity
More things can fail
More things to think about
More time zones
Different cultures
More people
More points of failures
2. Increased Competition
Continuous learning
Improve personal skills
58. The World Inconvenient The World
is flat Truth is changing
84. Inconvenient 1. Global Warming
Truth Sea Levels rising
Water shortage
More storms than ever
Lakes disappear
More wildfires
2. Shortage in Resources
Resource shortage
War for resources
90. Inconvenient The Impact :
Truth
1. Sharpen the senses
2. Deal with new Requirements
3. More Change while you run
4. Higher Risk profile needs
higher contingency
91. The World Inconvenient The World
is flat Truth is changing
101. … and manage the risk and
not just the project.
102. The The Impact :
Impact
1. Look at risks
we don’t know yet
2. Identify Contingency
3. Manage Risks instead
of projects
103. The World Inconvenient The World
is flat Truth is changing
104. The World 1. The Fall of the Berlin Wall
is flat 2. The Internet
3. Work-Flow Software
4. Open-Sourcing
5. Outsourcing
6. Off-Shoring
7. Supply-Chaining
8. In-Sourcing
9. In-Forming
10.Information Steroids
105. Inconvenient 1. Global Warming
Truth Sea Levels rising
Water shortage
More storms than ever
Lakes disappear
More wildfires
2. Shortage in Resources
Running out of resources
The resource war
Political Requirements
106. The World 1. Terrorism
is changing 2. Increase of Knowledge
3. Growth in Population
4. Flatter
5. Warmer
118. Picture Credits ( 1 / 3 )
inconvenient truth - http://www.flickr.com/photos/galerieopweg/
inconvenient truth v002 - http://www.flickr.com/photos/yoshigi/
The world is flat - http://www.flickr.com/photos/obriendigital/
The world is changing - number of books - http://www.flickr.com/photos/babblingdweeb/
The world is changing - number of books - v002 - http://www.flickr.com/photos/flyzipper/
1430 enciclopedia - http://www.flickr.com/photos/evaekeblad/
balancing lady - http://www.flickr.com/photos/orangebrompton/
important - http://www.flickr.com/photos/valeriebb/
billboard - http://www.flickr.com/photos/mjlaflaca/
Obama change - http://www.flickr.com/photos/tsevis/
Fall of Berlin Wall - http://www.flickr.com/photos/gavinandrewstewart/
Microsoft Office Candy - http://www.flickr.com/photos/sunfox/
HTML - http://www.flickr.com/photos/kk/
Latop Beach - http://www.flickr.com/photos/zzathras777/
Open Sourcing - http://www.flickr.com/photos/martinbekkelund/
Big Crowd - http://www.flickr.com/photos/richevenhouse/
cold war one - http://www.flickr.com/photos/pingnews/
New Markets - http://www.flickr.com/photos/pnp/
Outsourcing 1 - http://www.flickr.com/photos/danzden/
Outsourcing 3 - http://www.flickr.com/photos/kafkan/
Offshoring 1 - http://www.flickr.com/photos/photohome_uk/
Offshoring 2 - http://www.flickr.com/photos/trotzenberg/
Offshoring 1b - http://www.flickr.com/photos/taylar/
Supply Chaining 1 - http://www.flickr.com/photos/nimrodbar/
Supply Chaining 2 - http://www.flickr.com/photos/drewesque/
Insourcing 1 - http://www.flickr.com/photos/zyphbear/
Insourcing 2 - http://www.flickr.com/photos/liveu4/
119. Picture Credits ( 1 / 3 )
Informing 1 - http://www.flickr.com/photos/ask-for-peace/
Informing 2 - http://www.flickr.com/photos/julianbleecker/
Infroming 3 - http://www.flickr.com/photos/gedankenstuecke/
Info Steroids 1 - http://www.flickr.com/photos/listelys/
Info Steroids 2 - http://www.flickr.com/photos/chanc/
Project Manager - http://www.flickr.com/photos/floongle/
conference 1 - http://www.flickr.com/photos/mrtopf/
California Bush fires - http://earthobservatory.nasa.gov/NaturalHazards/Archive/Oct2003/California.TMOA2003299_lrg.jpg
storm 1 - http://www.flickr.com/photos/gisuser/
storm 2 - http://www.flickr.com/photos/lakerae/
lake 1 - http://www.flickr.com/photos/mashroms/
lake chad 1 - nasa.gov
lake chad 2 - nasa.gov
seed vault 1 - http://www.flickr.com/photos/bzzzt/
rising see levels - http://www.globalwarmingart.com/wiki/Image:Recent_Sea_Level_Rise_png - Robert A. Rohde
sea levels 2 - http://www.flickr.com/photos/2kool/
water shortage - http://www.flickr.com/photos/mckaysavage/
time zone - http://www.flickr.com/photos/mickyates/
more people 1 - http://www.flickr.com/photos/inyucho/
more people 3 - http://www.flickr.com/photos/msjacoby/
cultures - http://www.flickr.com/photos/untitlism/
longer - http://www.flickr.com/photos/swamibu/
break 1 - http://www.flickr.com/photos/jnsabino/
more things 1 - http://www.flickr.com/photos/brixton/
global warming 1 - http://www.flickr.com/photos/hodac/
global warming 2 - http://www.flickr.com/photos/focalplane/
global warming 3 - http://www.flickr.com/photos/a_siegel/