Episode 272: Opportunities - The Not So Ugly Stepchild of Risk Management (Free)




The Project Management Podcast show

Summary: Play Now: This episode is sponsored by The PM PrepCast for The PMP Exam: My guest today is none other than Dr David Hillson (http://www.risk-doctor.com). You may have heard of him as the Risk Doctor and having him on the program is a great opportunity for us. In fact… project opportunity management is actually at the center of todays discussion! Here is what David says about opportunities: "Most PMs still don’t get is the idea of upside risk or opportunity - or more accurately, they understand the theory but they don’t put it into practice." So in a moment we will not only learn what opportunities are, but more importantly we’ll hear David discuss several ways of identifying as well a properly managing them on your project. Since this is the first (and long overdue) appearance of David on The PM Podcast, here is a little bit about him first: Known globally as The Risk Doctor, Dr David Hillson is an award-winning thought-leader and expert practitioner who consults and writes widely on risk management. His ground-breaking work in project risk management was recognised by honorary fellowships from both the Association for Project Management (APM) and the Project Management Institute (PMI®). He was also named “Risk Personality of the Year” in 2010-11. David is an active Fellow of the Institute of Risk Management (IRM), and was elected a Fellow of the Royal Society of Arts (RSA) to contribute to its Risk Commission. He is also a Chartered Fellow with the Chartered Management Institute (CMI). I also recommend that you read the following Risk Doctor Briefings: How Do I Find Opportunities (PDF)... Working Backwards to Opportunities (PDF)... Opportunity Management Means Scope Creep? (PDF)... Each of these briefings is related to the topic of our discussion. Below are the first few pages of the transcript. The complete transcript is available to Premium subscribers only.  Podcast Introduction Cornelius Fichtner: Hello and welcome to Episode # 272. This is the Project Management Podcast™ at www.pm-podcast.com and I am Cornelius Fichtner. Thank you for joining us today. My guest is none other than Dr. David Hillson. You may have heard of him as the risk doctor and having him on the program is a great opportunity for us. In fact, project opportunity management is actually at the center of our discussion. Here is what David says about opportunities. He says that most project managers still don't get the idea of upside risk or opportunity or more accurately, they understand the theory but they don’t put it into practice. So in a moment, we will not only learn what opportunities are but more importantly we'll hear David discuss several ways of identifying as well as properly managing them on your project. Since this is the first and long overdue appearance of David on The Project Management Podcast™, here is a little bit about him first. Globally known as the risk doctor, Dr. David Hillson is an award-winning thought leader and expert practitioner who consults and writes widely on risk management. His groundbreaking work in project risk management was recognized by honorary Fellowships from both the Association for Project Management and the Project Management Institute. He was also named risk personality of the year in 2010 and 2011. David is an active Fellow of the Institute of Risk Management and was elected a Fellow of the Royal Society of Arts to contribute to its risk commission. He is also a Chartered Fellow in the Chartered Management Institute. And now, here's your opportunity to learn about opportunity. Enjoy the interview. Podcast Interview Female voice: The Project Management Podcast’s feature Interview: Today with Dr. David Hillson, the risk doctor. Cornelius Fichtner:Hello David! Welcome to The Project Management Podcast™! Dr. David Hillson: Cornelius, thank you very much. I'm very much looking forward to talking to you today. Cornelius Fichtner: And we are honored to have you frankly because you do call yourself the risk