Risk management is about people and processes and not about models and technology – Trevor Levine
Traditionally, a project manager would be involved in the following stages of a project
The role of the project manager (PM) is critical for developing a realistic implementation plan. The term ‘implementation plan’ covers a gamut of project activities.
At the outset, an organization should establish the type of project managers it needs. It should commit resources to the project managers for ensuring success. Resources include qualified personnel, equipment, critical data and information. Standard operational practices and procedures should be clearly defined regarding the project flow. After the foundation is set, the role of the project manager at various milestones becomes indispensable. Each of the stages might occur multiple times in the duration of a single project.
Let’s pinpoint specific contributions that a project manager can make to an existing ERM system.
The role of the project manager continues to evolve and redefine itself. Successful firms realize that an investment in their project management program helps in the overall success of the organization. An effective project management system used in accordance with the existing ERM ensures optimal project performance, profitability, client satisfaction, and above all, risk mitigation. Alongside enterprise level developments, enhancing the PM skill set is crucial.
Consultancy Director at CAREweb Corporate Governance Consultancy offering Governance, Risk & Compliance (GRC) software used by the well known global business organizations.
Nasser is Certified Control and Risk Self Assessment Practitioner (CCSA) and has 8 years experience in Internal audit solutions and consultancy.
He has contributed to a consultancy services of risk management strategies and worked as a Risk manager.
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