Risk Characteristics
Risk Characteristics By Abhilash Gopi Situational Changes in a situation can result in new risks. Such changes include replacing a team member, undergoing a reorganization, changing the scope of the project. Time based In...
Category: Risk Management
Risk Management: Risk Workshops
Risk Management: Risk Workshops By Dave Nielsen One of the most powerful tools available to the project manager is the collective knowledge of the project team. A project manager’s success or failure on a...
Risk or Constraint – Project Management Processes
Risk or Constraint – Project Management Processes By James Clements Risk Management is now accepted as a key ingredient in any mature project management framework and one of the key project management processes that...
Types of Risk in Project Management
Types of Risk in Project Management By Miley W. Merkhofer The most common project risks are: Cost risk, typically escalation of project costs due to poor cost estimating accuracy and scope creep. Schedule risk,...
What are the Components of Risk?
What are the Components of Risk? By Abhilash Gopi Risk has three components. These components need to be considered separately when determining on how to manage the risk Risk Components are: The event that...
12 Wonderful Ways to Improve Your Risk Management
12 Wonderful Ways to Improve Your Risk Management By Harry Hall John Smith was hired as a new project manager at a leasing company, and he was assigned a small project with a team...
What Is the Silver Lining for Projects?
What Is the Silver Lining for Projects? By Marge Tam The proverb “For every cloud there is a silver lining” can be interpreted as for every difficult situation there is some good to it....
Contingency Usage Is a Leading Indicator of Project Trouble
Contingency Usage Is a Leading Indicator of Project Trouble By Kiron D. Bondale Contingency reserves are funds intended to be used to offset the negative financial impacts of realized risks. On schedules, we often...
12 Sure-Fire Ways to Improve Project Risk Management
12 Sure-Fire Ways to Improve Project Risk Management By Harry Hall If you survey people involved in projects on the importance of risk management for achieving project objectives, a high percentage of the participants...
How to Develop a Plan to Manage IT Risks
How to Develop a Plan to Manage IT Risks By Harry Hall Want to know the secret to managing IT risks? Drumroll please… A Risk Management Plan. Simple, huh? So simple as to be,...
