Dr David Hancock: How should the project and risk professional exist in this world of future uncertainty?


In this paper [The application of the ‘New Sciences’ to Risk and Project Management] David Hancock poses some very interesting questions  about the existing perceptions and future solutions for Risk (and Project) Managers:

Wise man & Foolish man“The general perception amongst most project and risk managers that we can somehow control the future is, in my opinion, one of the most ill-conceived in risk management”.

“The biggest problem facing us is how to measure all these risks in terms of their potential likelihood, their possible consequences, their correlation and the public’s perception of them”.

It is a very interesting piece by a “leading light” in the industry.

Unsurprisingly I see it as, a further endorsement of my belief that, in future, the task of managing risk can only truly begin by, firstly, measuring and managing underlying “system” complexity.

Otherwise risk management is akin to building on sand!

Related articles by Zemanta
Reblog this post [with Zemanta]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s