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PMI Honolulu Member Kenneth Smith's article gets published in PM World Journal September 2020 Issue

Articles by External Sources

PMI Honolulu Member Kenneth Smith's article gets published in PM World Journal Volume IX, Issue 9 September 2020

RISK EXPOSURE, MURPHY’S LAW & MANAGEMENT RESERVE

By Dr. Kenneth Smith, PMP

Projects encounter a wide variety of risks during implementation, many of which project managers are well aware aforehand; others completely unforeseen.  During the planning phase, prudent project managers mitigate, or otherwise make some provision to deal with the ‘known-unknowns.’ Nevertheless, in addition to a readily-available contingency budget to deal with such eventualities, the need for an overall project-wide management reserve fund and schedule ‘buffer’ remains to offset the impact from indefinable ‘black swans.

For more information contact Dr. Kenneth Smith

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