Book review of Andy Jordan’s “Risk Management for Project Driven Organizations: A Strategic Guide to Portfolio, Program and PMO Success“. Organizations invest a lot of time, money, and energy into developing and utilizing risk management practices as part of their project management disciplines. Yet, when you move beyond the project to the program, portfolio, PMO and even organizational level, that same level of risk command and control rarely exists. With this in mind, well-known subject matter expert and author Andy Jordan starts where most leave off. He explores risk management in detail at the portfolio, program, and PMO levels.
Using an engaging and easy-to-read writing style, Mr. Jordan takes readers from concepts to a process model, and then to the application of that customizable model in the user’s unique environment, helping dramatically improve their risk command and control at the organizational level. He also provides a detailed discussion of some of the challenges involved in this process.
Risk Management for Project Driven Organizations is designed to aid strategic C-level decision makers and those involved in the project, program, portfolio, and PMO levels of an organization.
- Details the concepts associated with higher level risks and how those risks can impact a company’s success
- Delivers a detailed examination of the risk management function for portfolio managers, program managers, and the PMO function. Examines each of these roles in detail and considers how variations in the way in which each role is implemented in an organization can impact the ability and approach to managing risk
- Explores the relationship between risk profiles, risk tolerance, and the project portfolio, and the factors influencing this relationship. Analyzes the cause and effect between risk events and the risk profile, and provides readers with practical tips for managing the impact
- Provides meaningful ways to improve the way in which organizations: analyze their risk exposures, create an overall risk profile, establish a risk tolerance based on that profile, and apply that model to their project portfolio as a whole as well as to the programs and initiatives within it
PMO Advisory offers courses throughout the year designed for project professionals interested in Portfolio (PfMP), Program (PgMP), Project (PMP & CAPM) Risk (PMI-RMP) Management, and Agile (PMI-ACP) certifications.