Australian expert addresses critical link between project risks and stakeholders in new article
16 April 2015 – Dallas, London, Sydney – Dr. Lynda Bourne, Managing Director of Stakeholder Management Pty Ltd in Melbourne, has authored another article about stakeholders entitled “Stakeholders and Risk”. Her newest article in a series on the general theme of program/project stakeholder engagement was published in the April edition of the PM World Journal and added to the PM World Library.
According to Dr. Bourne in this new article: “Stakeholders interact with risk management in three distinct ways: (1) A significant proportion of project (or program) risks are directly caused by the action or inaction of stakeholders, in some circumstances this may be in excess of 90% of the identified risks; (2)The perception of what is an acceptable or unacceptable risk is intrinsic to individual stakeholders and their attitudes - some people seek and enjoy risks (eg, skydivers), others are risk averse; and (3)The identification, assessment and management of risk depends on the decisions and actions of stakeholders… successful risk management requires effective stakeholder management and the stakeholder’s perceptions of project success or failure is intrinsically linked to effective risk management....”
To read this useful paper now in the PM world Library, go to the author’s showcase at https://pmworldlibrary.net/authors/dr-lynda-bourne/ and click on the title. Access is free, but must be a logged-in library member to access after 10 May 2015.
