Risk management is not a new concept but has been growing momentum as of late. Project managers are expected to know the risks inherent in their projects and give them the appropriate level of scrutiny. Definition Project risk is defined by the Project Management Institute as an uncertain event or condition that, if it occurs, has a positive or negative effect on one or … [Read more...]
How to Write a Risk Management Plan
Few projects go off without a hitch, especially when client/sponsor relationships are not strong. That's why I would argue that risk management is one of the most important components of project management. When unexpected events occur, it is clear that the identification and analysis of risks is a central cog in the wheel preventing small mishaps from morphing into … [Read more...]
Risk Management Plan Components
Few projects go off without a hitch, especially when client/sponsor relationships are not strong. That's why I would argue that risk management is one of the most important components of project management. When unexpected events occur, it is clear that the identification and analysis of risks is a central cog in the wheel preventing small mishaps from morphing into … [Read more...]
Day 8: Mitigate Project Risks
Risk management,as a subset of project management, is not a new concept but has been growing momentum as of late. Project managers are expected to know the risks inherent in their projects, and give them the appropriate level of scrutiny. Definition Project risk is defined by the Project Management Institute as an uncertain event or condition that, if it occurs, has a … [Read more...]
10 Days to Become a Better Project Manager
So you want to learn about project management, but have been putting it off into the "one day" basket? Or maybe you're already familiar with project management techniques and would like to brush up on your skills. In either case, you're not alone. You've come to the right place. A few months ago I was having lunch with an old colleague who told me he wanted to be … [Read more...]
Do you need a Risk Breakdown Structure?
Have you ever considered the risks to your project's successful completion during the planning stages of your project? If not, I would suggest it is a highly beneficial exercise to help you grow in your project management career. A Risk Breakdown Structure (RBS) is an organized way of categorizing the risks to a project. According to the Project Management Institute's … [Read more...]
Checklists of Potential Project Risks
In project management, identifying risks to a project is a primary part of risk management. When brainstorming for risks that affect a project, a checklist is an invaluable tool. To that end, I will post the following list of risks. I don't anticipate it will include everything (maybe your office will be hit by a meteor shower!), so I anticipate you should use other … [Read more...]