Despite diverse attitudes and tolerances towards risk in organisations, a strong risk management and compliance culture has been recognised across industries as an essential contributor to business and project success.
Improving risk management practice in enterprises can have a significant impact on, not only project performance, but also the prevention of possible disastrous incidents. Developing an appropriate and mature risk culture across a program of projects can, however, present great challenges. This article looks at managing the complexity of creating a compliant risk culture in a multi-project environment and how by investing in integrated enterprise wide project management practice, using technology and business process tools, can not only improve the risk profile maturity but also improve cost and schedule outcomes. There is also an opportunity, at the end of the article, to take the first step towards your own improved risk management practice.