Risk Management

Welcome to episode 8 of The Everyday PM Podcast where we talk about risks versus issues and how to manage it.

Risk management can proactively safeguard businesses against negative risks today, while taking advantage of positive risks tomorrow. There is much value in cultivating a strong risk culture. However, in order to enhance risk culture, a business needs to establish and grow risk management as a priority within the organization. Creating this culture means managing risks will take a collaborative approach, where teams are equipped to formally discuss risks and opportunities while tracking contingency and mitigation plans. William Wilson, MSPM, BGS, Branch Manager at Smithfield Foods, and I cover topics spanning risk versus issue, how to proactively monitor, document, and track risks, and cultivating a culture that embraces risk management in our professional and personal lives.

How do you identify risks and issues within your organization? Any best practices to share with the PM community? Feel free to drop a comment within this post with your thoughts.

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Ann Campea, MSPM, MPH, PMP

Worldwide Readiness Program Manager at Apple, Inc.

Program/Project management professional with 10 years of experience in product development, physical retail launches, and health care industries.

William Wilson, MSPM, BGS

Branch Manager, Smithfield Foods

Within the past 12 years, I have gained experience in relationship management by adhering to proven operational practices in marketing and sales meeting budget and sales goals.