The Six Mistakes Executives Make in Risk Management – HBR Article
As Project Managers, our strategies for Project Risk Management are strongly influenced by the risk attitudes of our organizations and executives. In the HBR article, The Six Mistakes Executives Make in Risk Management, we gain insight to common organizational risk strategies, the motivations behind these strategies and recommendations for improving on these strategies. I highly recommend that my Project Risk Management students read this article for increased understanding of organizational risk management. (Actually I recommend that all of my Project Management students read and learn as much as they can about risk management.)
How do the mistakes outlined in the article impact our projects? What can we do to reduce the probability and/or the impact to our projects?