Essays on Risk Process, Risk Life Cycle, and Risk Management Techniques Coursework

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The paper “ Risk Process, Risk Life Cycle, and Risk Management Techniques” is a meaningful variant of the coursework on management. Week 1 and 2 covered Risk process, Risk life cycle, risk management techniques and terminologies, and risk Plans and registers. Initially, I understood a risk management process as consisting of a set of actions planned to guarantee effective management of risks that can be anticipated in a project. Of course, I was aware that the set of actions should apply during an entire life cycle of a project. What I learnt from the lectures was not much different from my earlier assumptions.

Yet still, I did not know how to go about the processes and techniques of managing risks in addition to the life cycle of risks. I must acknowledge that the lecture expanded my views on these knowledge gap areas. Lectures Attended lectures and read lecture slides Used the lecture slides are a reference point for further research Journal Gasik, S 2015, An Analysis of Knowledge Management in PMBOK Guide, " PM World Journal, vol 4 no 1, pp. 1-13 Understanding PMBOK Guide Article Standards New Zealand 2010, AS/NZS ISO 31000:2009: Joint Australian New Zealand International Standard Risk management – Principles and guidelines, viewed 22 May 2017, < http: //www. dvbi. ru/risk_management/library/tabid/213/token/download/ItemId/60/language/ru-RU/Default. aspx> Understanding AS/NZS ISO 31000:2009 Book PMI 2000, A guide to the project management body of knowledge, Project Management Institute, Pennsylvania Understanding PMBOK Guide In the process of learning about risk management processes, I perceived how modern-day organizations have inculcated ‘ positive thinking’ attitudes to bring about a mindset that everything can be achieved.

In my organization for instance, while it is a fact that my team had tended to solve many problems with the right attitude, motivation, and leadership, this has never been a reason to adopt risk management in projects.

In fact, I realized we had no such thing as a planned risk management process in my workplace, despite managing risks on a daily basis. In fact, it seems to be by the sheer luck that we get projects to run to completion.

Reference

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Holgeid, K & Thompson, M 2011, A reflection on why large public projects fail, viewed 22 May 2017,

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PMI 2000, A guide to the project management body of knowledge, Project Management Institute, Pennsylvania

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