Which of Your Risk Responses Changes the Probability?
Some risk treatments lower the chance of the event. The rest only decide who pays when it happens. Most registers cannot tell you which one you bought.
Professional knowledge and strategic perspectives across strategy, projects, operations, engineering, transformation and business performance.
7 articles found
Some risk treatments lower the chance of the event. The rest only decide who pays when it happens. Most registers cannot tell you which one you bought.
Contingency and management reserve admit different events under different authorities. One undifferentiated pot merges a delivery decision with a governance one.
Why leaders should allocate foreseeable disruption, approval risk and contingency in contracts rather than rely on frustration after the event.
How risk governance becomes actionable when leading indicators, decision triggers, contingency ownership and escalation rules are defined before events occur.
Float is a finite shared reserve with no owner and no record of consumption, and the first person to touch a non-critical activity spends it for everyone downstream.
Why cumulative variation data should reveal scope drift, contingency consumption, schedule pressure, governance weakness and changing project value.
Once an item passes the likelihood threshold it is reclassified out of the risk process entirely, which leaves the enterprise funding the improbable and absorbing the certain.