Grant Purdy spoke at the 2014 Project Management Conference in Melbourne. He talked about the true purpose of risk management in projects and described how the risk management process should be integrated into project processes giving examples using decision points and assurance processes. Grant emphasised the value of an effective risk management framework and the vital purpose of a coherent risk management plan.
He concluded by saying that managing risk effectively ensures projects achieve desired outcomes and supports the achievement of an organisation’s objectives. Risk management should therefore be a dynamic activity that supports decisions and makes sure the important controls or enablers are in place and effective at all times. He warned that ineffective risk management leads to a false sense of security and does not create value.