3-day Virtual Seminar

The Risk Paradox: How Effective Risk Management Undermines Risk Management

Overview

Building and implementing effective risk management practices is hard. Sustaining them is harder. Why? How can you stabilize risk management efforts without having them become calcified? This session will explore the challenges of sustaining risk management efforts so that they aren't victims of their own success.

Why you should Attend

Improving an organization's risk management efforts can seem like a Sisyphean task - one step forward, two steps back. Why? Is there something inherent in human or organizational behavior that makes us incapable of sustaining and improving our approach to risk?

While risk management theory continues to advance, improving implementation on the ground has been problematic. Though most executives readily acknowledge risk management is an essential practice, few can point to the broad accomplishments and sustainability of their organization's risk efforts. 

Many risk practitioners have seen multiple boom and bust cycles in the same organization as they embrace and then abandon sound risk management practices. In this one-hour session, Payson Hall makes the case that the deck is stacked against those who seek to continuously improve risk management and that only by thoughtful implementation and education across the organization can sustainable practices be established.

Participants in this talk will learn:

• Some of the ways that successful risk management activities decrease the perceived need for risk management
• How unsuccessful risk management undermines an organization's risk management efforts
• What project managers/risk managers can do to "sell" risk management and try to break out of the boom-and-bust cycle

Areas Covered in the Session

• The Observed Problem
• Risk Puzzles
• Risk Management Challenges
• Wolf Parables
• Risk Management System Effects
• Stabilizing & Improving Risk Management

Who Will Benefit

• Project Managers & Project Sponsors