Let me ask you a question. How can you spot profitability leaks and cost overruns in technology projects before your peers – and then fix them?
You really have two options to choose from, and it’s the easiest choice you’ll make all year. You can do it the hard way or the easy way. The path you choose depends to some degree on the consequences of failure and your budget.
The Hard Way
Standard risk assessment methodology requires you to first identify threats – human, operational, “reputational,” financial, technical, political, etc. Then, you have to come up with an estimate of likelihood for all those different threats and invent early warning systems that will notify you to launch your backup plans for each one.
That sounds really hard, especially for small businesses with constrained resources.
Most of the projects I’ve been involved with would have been finished before we could have identified, estimated and planned for all of those risks. If your project is extremely large and complicated, that kind of planning probably makes sense. If, however, you