Vadim Kotelnikov

Project Risk Management

in lifestyle and radical projects

Vadim Kotelnikov, founder of 1000ventures - personal logo VadiK

Inventor Business e-Coach

Author Innoball

Founder Innompic Games icon




Risk Management in Lifestyle Projects

Risk management analyzes the possible trade-offs between cost, schedule, and uncertainty. Risk management strategy represents some kind of rebalancing, of choosing alternative ways to deliver the same results. 

Six Rules of Project Risk Management (RM)

For lifestyle projects, follow these six rules to apply risk management successfully in your project:


Project Management

What Is PM

Key PM Documents

2 Approaches to Project Management

Business Systems




1. Focus on future scenarios to identify risks early in your project

2. Analyze risks considering both threats and opportunities

3. Plan risk responses, including responses to risk opportunities

4. Prioritize risks

5. Communicate consistently about risks to your team and project sponsors

6. Make RM a part of your project




Risk Management in Radical Projects

There is practical value in understanding the patterns in and the differences between evolutionary incremental change/innovation projects and revolutionary radical change/innovation projects. This understanding can help you apply right management practices to different types of innovation projects and make the course of radical innovation shorter, less sporadic, less expensive, and less uncertain.


Radical vs. Incremental Innovation

Radical vs. Incremental Change

Radical Project Management (RPM)

Ask Learning SWOT Questions




Most big change and radical innovation projects fail because managerial challenges are very high.

Management of big-change projects, radical-innovation projects, and disruptive ventures involve diverse risks.

Individuals, organizations, existing ties and external players resist change and fight back.

  Risk Management InnoBall simulation game



Radical change is hard. Research shows that over 70% of all radical-change initiatives fail.


How To Overcome Resistance To Change



INNOBALL - innovation foodball, brainball - how to create change successfully  

Simulation game

(Innovation Brainball) is a great risk management tool.

will help you not just anticipate and reduce these risks, but also turn these risks to opportunities and achieve great results!



Vadim Kotelnikov

Launching a radical innovation / change / entrepreneurial project without playing InnoBall simulation game is like starting a football game naively believing that the opposing team does not exist. But is does and will fight back.

Vadim Kotelnikov, founder of 1000ventures - personal logo VadiK

Inventor Business e-Coach

Author Innoball

Founder Innompic Games icon