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Program Management: Identifying and Managing Risk

Program Management: Identifying and Managing Risk

An example interview question on identifying and managing risks in a large-scale project.

Question

How do you manage risk for your projects? Please provide an example where you successfully identified and managed a risk.

Background

Risk management is very important for TPMs. Staying on top of risks and making sure they are actively managed is a critical part of the job, and it is also where TPMs can add significant value.

Senior-level positions will require demonstration of successful risk management, so be ready with a strong framework and excellent examples. This question aims to prepare you for that.

Solution approach

We want to demonstrate that we are thorough and solution-oriented when it comes to risk management. We will use the following approach to answer this question.

  • Start by providing a framework for identifying and managing risk. This will include both strategic and tactical elements.

  • Show how we used this framework in a large-scale project to manage risk.

Sample answer

I’ll start by discussing how I identify risks in a project and give some examples of project risks. Then I’ll talk about how I prioritize, manage, and communicate these risks. Finally, I’ll discuss how I effectively managed risk for a large project.

Risk identification

Risks can be found ...

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