A SUPPLEMENT TO PM NETWORK® PUBLISHED BY PROJECT MANAGEMENT INSTITUTE
JUNE 2019
®
Updates
Published
for Risk,
Scheduling
Standards
I N S I D E
The Innovation Imperative 3
Talk Provides Win- Win Solutions 6
f or Change Management in an
Agile Environment
In Memoriam: 7
Francis M. Webster, Jr.,
PhD, PMI Fellow
Events Calendar 8
Chapter Links 12
PMIEF and Special
Olympics Partner to
Prepare Youth Leaders
See page 10
PMI-744 PMIToday-June2019.indd 1
MI has recently updated standards
covering the fundamental topics of
risk management and scheduling. P
The Standard for Risk Management in
Portfolios, Programs, and Projects is an
update and expansion of PMI’s popular
reference, the Practice Standard for Project
Risk Management.
Risk management addresses the fact that
certain events or conditions—whether
expected or unforeseeable during the
planning process—may occur. These can
lead to impacts on portfolio, program
and project objectives. The impacts can
be positive or negative, and may lead to
deviation from the intended objectives.
Risk management processes allow for
proactive planning, the goal of which is to
capture opportunities and limit threats.
Available online for PMI members only at PMI.org
This standard:
n Identifies the core principles of
risk management;
n Describes the fundamentals of risk
management and the environment in
which it is carried out;
n Defines the risk management life
cycle; and
n Applies risk management principles
to the portfolio, program and project
domains within the context of an
enterprise risk management approach.
Continued on page 5
5/16/19 10:43 AM
