How project manager-project owner interaction can work within and influence project risk management

Inherent interest conflicts between a project management team and project owner are often neglected in project risk management. Risk management by the project management team focuses on project short-term survival, or project success toward handover to the customer, while for the project owner, strategic success should be more important. To see how this takes place in and influences real projects, seven large projects were studied, and interaction in project risk management between the project owners and project management team was examined for each project. The study revealed that the main focus in the studied projects was on operational risks, even within the project owner's set of high-priority risks. Some issues regarding the two types of project owner representatives--the "super project manager" and the "strategic manager"--are discussed. Mechanisms behind the dominance of operational risks in projects are indicated. The distinction between strategic and operational risks are categorized in this paper.
member content locked
PMI member benefit.

or Join

Advertisement

Advertisement

Related Content

  • PM Network

    New Digs member content locked

    By Waity, C. J. Ore deposits are hardly the only factor project leaders use to determine future mining sites in Latin America. Everything from geopolitical turmoil to local labor markets can impact a mining…

  • PM Network

    Interior Motives member content locked

    By Wenger, Fred Project managers are accustomed to looking outside their projects for risks—at competitors, clients, suppliers, the economy, even the weather. But experience has taught me that all projects face a…

  • PM Network

    Rookie Revelations member content locked

    PM Network asks the project management community to share their mistakes made at the beginning of their careers.

  • PM Network

    Safety in Numbers member content locked

    PM Network interviews Henry Jong-Hyeon Lee, PhD, PMP, corporate senior vice president, mobile security technologies at Samsung Mobile in Suwon, South Korea.

  • PM Network

    Rethinking Modular? member content locked

    By Ali, Ambreen The collapse of a prefabricated bridge in March in Miami, Florida, USA killed six people and made national headlines. It also reignited a discussion of whether modular makes sense in large-scale…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.