Risk management is a subset of project management that includes risk identification, risk quantification, risk response development and risk response control used to identify, analyse and respond to project risks.
Even the most well-prepared project manager on the most well-planned project will end up dealing with risks. Dealing with any risk involves four key phases.
Outside factors may introduce risk to our project engagements. How we handle those factors could be the key to the success or failure of our projects.
No project in the history of managed projects has entered into existence without the presence of at least a few risks. Here's how to manage risks and protect your project.
Risk management is a vital part of project management. Learn four key steps to help you evaluate and mitigate any risks on your project.
When we are faced with unknowns - as we are on nearly every project we manage - how do we deal with them? How do we effectively react and move forward?
Ask any programme sponsor what the biggest threats are to a major project and you'll get similar answers: a lack of leadership and not enough focus on business risk.
An examination of the terms used to describe risks and the way they are managed to shed some light on what they refer to and what they mean.
All projects are different and the best way of identifying potential risks is to call on the experience of past projects within the same field.
Risk management is the heart and soul of project management. Failing to practice it right can have fatal consequences on projects and programmes.
Risk Management is an essential part of any programme or project and can vastly contribute to successful delivery.
Every project manager and business leader needs to be aware of the practices and principles of effective risk management.
Poor software project management often means missed deadlines, cost overruns or even outright failure of the project. How can your company avoid this industry-wide problem?
Risks your project or business is exposed to may be worth reviewing now more than ever to see which ones need more attention than others.
The benefits of risk management in projects are huge. You can gain a lot of money if you deal with uncertain project events in a proactive manner.
What's the secret to risk management? Do it. Proactive, systematic risk management means finding the problems before they find you.
Risk management is an ongoing process to identify potential problems that could arise when new projects occur within a business.
A risk management process does not have to be complicated, following a simple seven step approach at the beginning of each project, the project team can prepare for whatever may occur.
Proper project risk management entails more than simply identification and analysis at the beginning of a project.
It is important at the beginning of any project to go through the risk identification process. Not all project risks are obvious, so here's how.
A look at the top five software project risks identified in 'Waltzing with Bears' and how they have solutions rooted in Agile methods.
Risk management is the art of assessing and managing risk, while working on projects in the workplace.
IT systems are at the heart of modern business and the development of new software applications and maintenance of existing systems are critical to productivity and profitability.
Nobody likes to think about what may go wrong in a project, but to ignore risk management means that you increase the likelihood of an unnecessary failure.
If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.