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Developing a Project Management program for your company can be a messy thing without the help of an experienced and well-trained consulting company with years of track record on the matter. Dyman's approach allows your "project and program managers to adjust to and incorporate overall, departmental or specific project goals while keeping standardized levels of performance consistent with company-wide objectives." A standardized performance is essential in unifying the company's operations as well as assuring that the individual staff members grow with the company. Likewise, this gives out the signal to its clients that the company is highly coordinated and that each component or part of the organization is aware of what is happening to the other parts, thus, allowing communication or interaction to proceed with efficiency. The only setback for this general approach is that it somehow constricts creativity in the individual and, hence, in the overall operational picture. For a person to be able to truly innovate and come up with outstanding progress in ideas and strategy, he or she must be allowed complete freedom or autonomy to perform within the parameters of the job but with no boundaries or limits to the methods or tools that will be needed to accomplish the task. This does not seem to be a comfortable or safe working arrangement for most companies; hence, not many apply the method effectively, if at all. This requires allowing people to have the ability to decide independently without supervision or without prior or final authorization as to the ultimate solutions to be applied in any particular issue. The main objection to this type of management approach is that most traditionally-oriented companies follow the line of corporate organizational integrity or, to use a less palatable word, rigidity. This constraining approach expects employees to toe the main company line: verbatim and modus operandi, that is, verbally and operationally. A corporate ma

Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety. The strategies to manage threats (uncertainties with negative consequences) typically include transferring the threat to another party, avoiding the threat, reducing the negative effect or probability of the threat, or even accepting some or all of the potential or actual consequences of a particular threat, and the opposites for opportunities (uncertain future states with benefits). Certain aspects of many of the risk management standards have come under criticism for having no measurable improvement on risk, whether the confidence in estimates and decisions seem to increase. For example, it has been shown that one in six IT projects becomes a 'Black Swan', with cost overruns of 200% on average, and schedule overruns of 70%. Introduction A widely used vocabulary for risk management is defined by ISO Guide 73, "Risk management. Vocab