Risk Management – Texas Holdem Tactics for the Project Manager
Texas Holdem has seen
an explosion in popularity since the World Poker Championships have been featured on TV.
Part of this popularity is the easiness of the game to learn, the
rush of winning, and the luck factor that is involved. Playing the game is simple. Winning
consistently is not simple. The winning Texas Holdem player has two tactics that project
managers must also have to be successful. Those tactics are the ability to make probabilistic
assessments and the ability to read human behavior as it responds to risk. Just like
the Texas Holdem player, project managers must deal with uncertainty and work with humans.
This presentation will provide the project manager with tips for probabilistic assessments
and an understanding of human behavior as it specifically relates to risk. To quote
Texas Holdem player Anthony Bee, from Important Concepts in Limit Holdem, “This
means being able to recognize profitable situations and exploit them to the full. It
also means avoiding unprofitable situations and therefore costly mistakes.” Could
Anthony Bee have been talking about project management???
This was one of the most candid, "real" presentations on project management and leadership I have enjoyed in the past twenty years in the industry. THANK YOU! W. Rabon, Florida Department of Environmental Protection
Incredible! M. Barrett, State of Florida Public Service Commission
Excellent and entertaining. Great information in an easy to understand format. D. Newton, El Paso Corp
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