Risk Management in Relation to our Group Project

As I was submitting the last of the assignments for this Project Management class, I realized with a start that I never submitted my second blog post. Without further ado, I decided to write about what I thought was the most valuable takeaway for me from this course: risk management. With the entirety of the course in perspective, risk seemed to be the most important aspect of planning on our group project. We had to manage conflicts with each other’s schedules, externalities in terms of events that might affect our cause, such as negative Facebook comments, and a highly unfortunate incident of a volcano eruption in Indonesia, which no one could have predicted or prevented, that ended up affecting presentation timelines.

I found the below interesting article on CIO.com that described the importance of risk management in project management and how they truly go hand in hand. The possibility of obstacles arising affects everything, from the budget, to timelines, to implementation and scope. As I’ve overseen my team at work in implementing a high profile campaign for my client, I’ve found myself proactively planning any and all obstacles that may arise. Much to my disappointment, one of the situations we had planned for did end up cascading down the wire last week. Due to having a risk plan in place, we were able to get a hold of it within a few hours and keep our client from having a complete meltdown. As we move on from this obstacle, we still have to keep in mind that there are always more risk factors involved that could pop up at any minute. All projects come with a variety of risk factors, but there is no need to worry about the jeopardization of a project due to risk if you have the right plan in place from the start.


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