Cut the Cards When You Play for Money: Overcoming Resistance to Risk Management

In most organizations, the project game is not going particularly well-we continue high stakes wagers on business projects, but lose more often than we win. Sometimes the losses are staggering. Risk management practices have received increasing attention recently as a way to improve the odds, but there are limits to what risk management can do for an organization in the absence of committed executive sponsors. This session explores strategies for overcoming resistance to risk management and encourages thoughtful engagement between project managers and sponsoring executives as they consider hedging their bets with more effective approaches to risk.