Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
In
simple
terms
Self deprecating humor
Kumar Kolaganti
Project Manager,Visual Thinker, Information Designer
www.kolaganti.com
Risks are uncertainties and can be both
positive & negative. When risk events occur,
they become “surprises.”
Issues are o...
Riskscan be
accepted,
avoided,
mitigated,
transferredor
deferred.
?
?
?
??
High probability for an uncertainty to occur. Many times, we may have no control to
stop it.
19981992 2004
Singapore
Belgium
USAIndia
Australia
Malaysia
Germany
France
It was uncertainty and now it is certain and you can feel it.
It is how you address & implement all required changes. Changes can mean additional
scope, cost and time (depends on your ...
I am not implying that “if you can't manage change, cover it up”. I chose a least invasive
and cost effective change.
Risk
Accept
Avoid
Mitigate
Transfer
Defer
Once you identify where you
have risk, you can easily
decide how you want to
han...
"Logic will get you from A to B. Imagination will take you everywhere." - Albert Einstein
Risk management in simple terms with some humor
Risk management in simple terms with some humor
Risk management in simple terms with some humor
Risk management in simple terms with some humor
Risk management in simple terms with some humor
Upcoming SlideShare
Loading in …5
×

Risk management in simple terms with some humor

21,877 views

Published on

Risk Management is serious work and the terminology used is very complicated. It takes time to understand the concepts and put them to work as a project management practitioner. Thinking of Risk managements makes me remember two old sayings "'A stitch in time saves nine', and 'An ounce of prevention is worth a pound of cure'."

In line with this subtle humor, this presentation is an effort to explain risk management terminology in simple terms with some humor. Some may say that this is a spoof on project risk management.

Laugh, Smile and Enjoy.

Published in: Education

Risk management in simple terms with some humor

  1. 1. In simple terms
  2. 2. Self deprecating humor Kumar Kolaganti Project Manager,Visual Thinker, Information Designer www.kolaganti.com
  3. 3. Risks are uncertainties and can be both positive & negative. When risk events occur, they become “surprises.” Issues are obstacles, problems, or real concerns that are already hindering the progress of the project. Changes are alterations resulting in deviation from previously agreed upon standards.
  4. 4. Riskscan be accepted, avoided, mitigated, transferredor deferred. ? ? ? ??
  5. 5. High probability for an uncertainty to occur. Many times, we may have no control to stop it.
  6. 6. 19981992 2004 Singapore Belgium USAIndia Australia Malaysia Germany France
  7. 7. It was uncertainty and now it is certain and you can feel it.
  8. 8. It is how you address & implement all required changes. Changes can mean additional scope, cost and time (depends on your risk response).
  9. 9. I am not implying that “if you can't manage change, cover it up”. I chose a least invasive and cost effective change.
  10. 10. Risk Accept Avoid Mitigate Transfer Defer Once you identify where you have risk, you can easily decide how you want to handle it.
  11. 11. "Logic will get you from A to B. Imagination will take you everywhere." - Albert Einstein

×