Most projects have a budget and schedule, yet in Australia only 42 % of our projects are delivered on time and 42% to budget (Project Delivery Performance in Australia, 2020). Why? Primary reason: risks become issues. Therefore, if we want to improve our project success rate, improve project risk management practices. However, the problem we face is most risk management frameworks are overly complicated, requiring advanced statistics. The result is practitioners often do not prioritize project risk management leading to less-than-successful project outcomes.
Dr Skulmoski presents a simple risk management framework that can immediately be used on most projects, most of the time. Greg will also share a technique to quickly develop cost or duration estimates in conditions of uncertainty like a Covid-disrupted business environment with a race towards digital transformation. Thus, Greg shares best practices for risk management, not risky management. This presentation is from the new Bond University Microcredential “How to Re-start Covid-Disrupted Projects.”