I don't know anyone who knows more about Project Risk Management than Glen Alleman. So, when he wrote his first book on the subject, I had to speak with him and share it with you.
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🧬 About Glen Alleman
I think of Glen Alleman as the project manager’s project manager. He has such a depth of experience – particularly in large scale complex projects in the government and defense sectors – that he is someone I am constantly learning from.
He is outspoken on many aspects of our profession but, unlike so many voices, he is astonishingly well-read and thoughtful. His rigorous approach shows the profession at its best.
His book Performance Based Project Management is one of the best mid-teir project management books, so I was excited when he turned to risk management for his second book, which he wrote with co-author Jon Quigley. It combines Glen’s characteristic rigor with brilliant clarity.
🔗 🔗 🔗 Glen's Links 🔗 🔗 🔗
📡 LinkedIn https://www.linkedin.com/in/glenballeman/
📕 Risk Management - https://geni.us/rAndl
📘 Performance-Based Project Management - https://geni.us/L0nl
📗 Making the Impossible Possible - https://geni.us/wUYUTC
Glen's Risk Management Resources
https://herdingcats.typepad.com/my_weblog/2023/03/a-compendium-of-risk-management-resources.html
Glen's Root Cause Analysis Resources
https://herdingcats.typepad.com/my_weblog/2019/06/a-compendium-of-root-cause-analysis-resources.html
Department of Energy Risk Management Guide
https://www.directives.doe.gov/directives-documents/400-series/0413.3-EGuide-07a-chg2-ltdchg
Earned Value Primer: The Basics of EVM
https://onlinepmcourses.com/earned-value-primer/
Recommended Videos
Carefully curated video recommendations for you:
🎬 What is Earned Value Management - EVM?
https://youtu.be/sAZZ5av9kk0
🎬 Project Risk Management Briefing [Video Compilation]
https://youtu.be/LC0jB1vL5xI
🎬 RISK MANAGEMENT 101: An Introduction to Project Risk Management
https://youtu.be/Nwl7PquhU5U
🎬 PMI-RMP: PMI’s Risk Management Professional Certification - with Harry Hall
https://youtu.be/3AqaGASVcE4
🎬 Risk Identification: How to Identify Project Risks
https://youtu.be/iELLdd6Yr4Y
🎬 How to Create a Risk Management Plan
https://youtu.be/9MAHX2Wv8pk
🎬 4 Types of Project Risk - Different Forms of Uncertainty
https://youtu.be/iOFjmR3-sqk
🎬 Project Risk Management - How to Manage Project Risk
https://youtu.be/xXV_gjtXMSk
🎬 What to Put in Your Risk Register (Risk Log)
https://youtu.be/vkEPGFVVwfM
🎒 A while back, I asked Project Managers in a couple of forums what material things you need to have, to do your job as a Project Manager. They responded magnificently. I compiled their answers into a Kit list.
https://kit.co/MikeClayton/what-a-project-manager-needs
Note that the links are affiliated.
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⏱ Chapter Markers...
00:00 - Risk Management with Glen Alleman
01:10 - Mastering Project Risk
01:20 - Aleatory Risk, Epistemic Risk, and Ontological Risk
02:17 - Epistemic Risk
03:00 - Aleatory Risk
03:46 - Ontological Risk
06:13 - More on Aleatory Risk
06:46 - Buying down risk: Probabilistic and Stochastic Risk
08:07 - Using an understanding of risk types to manage risk
11:33 - Risk Management and culture
12:35 - Risk Handling Plan
13:38 - Root Cause Analysis
14:46 - Plan of the Day
14:58 - Key Project manager question…
16:12 - We’re all risk managers
16:48 - How to create a risk handling plan
17:49 - The 5 x 5 risk matrix
19:27 - Risk tracking
21:42 - Monitor & Control cycle - and project cadence
22:39 - Glen Alleman’s additional thoughts
23:33 - Risk Manager = Root Cause Analyst (Apollo Method)
26:35 - Bayesian statistics
29:51 - How to engage with Glen Alleman
32:54 - Close
#ProjectRiskManagement #ProjectManagement #RiskManagement