Is Your Project a Victim of Systematic Bias? Small biases exist within every person, project, or organization and can bring severe losses to a project. For example, the delay in the launch of the Airbus A380 aircraft cost Airbus a two year delay and 6 billion dollars! Learn how to avoid systematic biases in your decision making.
Why You Need a Risk Management Action Plan A risk management action plan is an effective way for project managers to identify, analyze, plan, and control potential risks. By setting controls and guidelines a risk management plan reduces failure and negative impacts. Four downloads are available at the end of the article.
Risk Management Plan: Example The risk management example given in this article brings to light the need for managing risks and the ways one can manage risks in a project.
Developing a Risk Management Plan A Risk Management Plan should never be an isolated after-thought to the rest of your plan. It is an integral part of the project as a whole and needs to be developed to go along with every other piece. Here is the process you should follow for identifying and managing risks.
Risk Management Meltdowns: A Look at Some Real-World Examples Risk management should be a top priority when working on complex or untried projects. Why, you ask? Necessity is the mother of invention and in risk management, often inventions, ideas and projects go awry when the forethought and the what ifs aren’t asked, explored and properly managed.