Variables and Risk

Up On the Rooftop, Listening to My iPod : ]
Image by Sucker Punch ! via Flickr

Identify the variables that pose the greatest risk of failure for the project and develop contingency plans for them.

Sometimes the best option is to remove the variable altogether, (make it an external issue – outsource it, so it is someone else’s problem to manage), other times the risk can be managed by internal policies and procedures to avoid surprises.

Whatever way you look at it, if there is a variable, it could come back to bite, planning for the eventuality is the surest way to ensure that the project lands on it’s feet.


Published by Mike Thomas

Mike Thomas P.Eng. ENV SP, is the author of and Director of Engineering at the City of Revelstoke in the Interior of British Columbia, Canada.