article thumbnail

Creating a Risk-Adjusted Backlog

Mike Griffiths

The Economics of Risk Management. A risk is an uncertain event or condition that, if it occurs, has a negative or positive effect on the project. Negative risks are called threats, and positive risks are called opportunities. Creating a Risk-Adjusted Backlog.

article thumbnail

Intelligent Collaboration for Predictive Insight & Competitive Advantage

Liquid Planner Collaboration

Intelligent collaboration and risk management strategies require us, among other things, to perceive relationships, learn quickly and act upon relevant information. 845 Risk Intelligence and Measuring Excellence in Project Risk Management”, AACE International 2012. Intrapersonal curiosity (ourselves) .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Olympics as a Story of Risk Management

Harvard Business Review

Risk management is now at the heart of the governance model for the Olympic Games and the Olympic movement, and not only because of their growing scale and complexity. The rise of Olympic risk management is certainly evident at the level of the IOC, the guardian of the Games.

article thumbnail

Simple Ethics Rules for Better Risk Management

Harvard Business Review

But as more organizations fall prey to complex intangible risks, from unwanted disclosure due to rampant cyber threats to breaches of conduct driven by skewed incentive systems, the aperture of risk management is expanding from protecting the balance sheet to promoting ethical leadership and values-based decision making.

article thumbnail

JP Morgan's Loss: Bigger than "Risk Management"

Harvard Business Review

The recent disclosure of a multi-billion dollar trading loss at JPMorgan Chase reminds us again of the challenge and complexity of risk management, the subject of our June 2012 HBR article, "Managing Risks: A New Framework." Each requires customized risk management processes.

article thumbnail

Two Cheers for JP Morgan's "Clawbacks"

Harvard Business Review

As to all other employees, including Dimon, Cavanaugh said that "2012 performance year compensation and clawbacks, if appropriate, will be determined in the ordinary course." Dimon himself, who oversaw the CIO, could well have his 2012 compensation cut as a result of the trading problems. Drew earned $15.5

article thumbnail

Morning Advantage: How Leaders Get Back Their Strategic Groove Back

Harvard Business Review

That's my takeaway from a scan of Mercer's 2012 Cost of Living Survey, which focuses on the costs of common items for expatriate workers. Who Owns Risk Management? . — By Andy O'Connell. NOT TO MENTION THE SIDE-TRIPS TO WHISTLER. What It Costs To Be an Expat (Mercer Insights). I'm transferring to Vancouver.