Episode 063: How do Risk Attitudes Affect your Project?

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A Risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives. There are many hard tools out there that tell you how to identify your risks, how to quantify them, how to define their impact on the project and what you can do in order to avoid or mitigate them. But how do you and the stakeholders on your project react to risks? Do risks frighten you or do they invigorate you? And what risk approach will a frightened project manager take versus the approach that an invigorated one takes? This discussion is at the core of Risk Attitudes. We are honored to welcome Janice Preston, PMP, on our program today to explore the four basic risk attitudes. Janice was a contributor to the risk section of both the 1996, 2000 and 2004 version of the PMBOK Guide and as such very qualified to look into this with us. As always we have Helpful Resources that complement this interview.

If you are currently studying to take the PMP exam, then listen in and learn how you can win a free, one-year subscription to our sister podcast The Project Management PrepCast™, where you can learn the tools & techniques you need to know in order to prepare to take the PMP exam.

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