A risk is an uncertain event that may occur in a project and is likely to have a positive or negative impact on the project. A risk is likely to have an effect(s) on at least one of the project objectives (Talet, et al., 2014). A negative risk is likely to have negative impacts and losses to a project, whereas a positive risk is likely to open up new opportunities for a project (Schwalbe, 2014). A risk management process helps to handle the uncertainties and risks related to the project in a more organized and calculated way (Schwalbe, 2014). A risk management process can help to optimize the impacts of a risk if it is not possible to avoid the risk. From my experience in working in IT projects in past, I have seen the impacts of positive
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ATOM stands for Active Threat and Opportunity Management. The methodology is focused in down-siding the risks or the threats and up-siding the opportunities (Hillson & Simon, 2012). ATOM methodology offers a practical approach rather than a theoretical framework. The methodology can be adapted to any organization and industry. It guides a project team step-by-step manner. According to ATOM methodology, any risk management process must focus on (Hillson & Simon, …show more content…
It is just more scalable and organized. It also adheres to the CSFs given by the Standish Group because it gives priority to the user involvement through taking the actions agreed upon by the stakeholders. The eights steps of the ATOM methodology are the initiation, identification, assessment, response planning, review, implementation, reporting and post-project review (Hillson & Simon, 2012).
References
Hillson, D., & Simon, P. (2012). Practical Project Risk Management: The ATOM Methodology, Second Edition: Management Concepts Incorporated.
Kendrick, T. (2015). Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project: AMACOM.
Lientz, B., & Larssen, L. (2006). Risk Management for IT Projects: Taylor & Francis.
Schwalbe, K. (2014). Information Technology Project Management. Boston, MA: Cengage Learning.
Talet, A. N., Mat-Zin, R., & Houari, M. (2014). Risk Management and Information Technology Projects. International Journal of Digital Information and Wireless Communications (IJDIWC), 4(1),
ATOM stands for Active Threat and Opportunity Management. The methodology is focused in down-siding the risks or the threats and up-siding the opportunities (Hillson & Simon, 2012). ATOM methodology offers a practical approach rather than a theoretical framework. The methodology can be adapted to any organization and industry. It guides a project team step-by-step manner. According to ATOM methodology, any risk management process must focus on (Hillson & Simon, …show more content…
It is just more scalable and organized. It also adheres to the CSFs given by the Standish Group because it gives priority to the user involvement through taking the actions agreed upon by the stakeholders. The eights steps of the ATOM methodology are the initiation, identification, assessment, response planning, review, implementation, reporting and post-project review (Hillson & Simon, 2012).
References
Hillson, D., & Simon, P. (2012). Practical Project Risk Management: The ATOM Methodology, Second Edition: Management Concepts Incorporated.
Kendrick, T. (2015). Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project: AMACOM.
Lientz, B., & Larssen, L. (2006). Risk Management for IT Projects: Taylor & Francis.
Schwalbe, K. (2014). Information Technology Project Management. Boston, MA: Cengage Learning.
Talet, A. N., Mat-Zin, R., & Houari, M. (2014). Risk Management and Information Technology Projects. International Journal of Digital Information and Wireless Communications (IJDIWC), 4(1),