Monthly Archives: December 2017

Philosophy of Risk-based Management

The journey of learning risk and how to manage it is most rewarding to the curious thinker. Curiosity generates interest. Interest produces efforts that result in good education. Two key components of risk are probability, and impact. They describe probability of achieving objectives and effect on objectives respectively. Continue reading

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Posted in Book, Decision Making, Issues and Problems, Managing Assumptions, Managing Constraints, Opportunities, Planning and Scheduling, Program Management, Project Management, risk, Risk Assessment and Treatment, Risk Case Study, Risk Relativity, Risk Universe, Risk-based Management, rufran frago, Rufran's Blogs, Threats, Uncategorized | Tagged , , , , , , , | Leave a comment

Risks, Benchmarks, and Innovations

The question often thrown on the table is to whom should management listen? How can management be sure they are getting the right information? There is no certain answer to this, but a discerning manager can listen to everyone on duty and identify the real substance. When everyone sings in chorus and one does not, it does not mean he is wrong. Continue reading

Posted in Baseline Management, Book, Business, Decision Making, Issues and Problems, risk, Risk Assessment and Treatment, Risk Relativity, Risk Universe, Risk-based Management, rufran frago, Rufran's Blogs, Schedule Baseline, Threats, Tools, Uncategorized | Tagged , , , , , , , , , , | Leave a comment