Decode Your Risk Appetite
The Proactive Risk PM WeeklyProactive Over Reactive. Always.Reader, If I were to ask you what the risk appetite is for your organization, what would you say? Or how about for your current project or projects? Understanding Risk Appetite is one of those forgotten about pieces of information we need to have as PM’s when dealing with our stakeholders. Yes, a SEAC or RACI Chart are important, but, when it comes to risk management, knowing and understanding Risk Appetite is key! Quick Talk on Risk AppetiteRisk Appetite is your path to easy decision making.While serving overseas. I would travel to different countries, planning on behalf of my organization and leadership. Before leaving, it was a critical step for me to ask what can I and can I not do. At what threshold do I need to call back and get sign-off on a decision. These decisions applied to risks we were willing to take as well. Understanding your leaderships risk appetite, threshold, and tolerance is the easiest way to set yourself up for success! Check out the video and let me know your thoughts! Stay Proactive Over Reactive, Russ Future PMP®️ CoursesReady to ace your PMP? Join our next PMP Exam Prep Bootcamp and get: Upcoming Courses: 👉 Weekend: May 31-Jun 1 | Jun 7-8: Sign-up HERE 📅 Course Dates: View All Courses (Already PMP certified? Pass this along to a colleague who needs it!) Your Feedback Matters:What’s your biggest challenge point as a PM? Or if you're already PMP/RMP-certified, what was your toughest hurdle? Let’s keep learning, leading, and staying proactive over reactive. |