Project Risk Management
- A Practical Approach to Creating a Risk Management Plan
A good risk management plan is critical to cutting down on unexpected project risks. A strong plan can decrease problems on a project by as much as 80 to 90 percent. Follow this practical approach to creating an effective risk management plan.
- 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.
- Using Excel to Make a Risk Assessment Template
Every project plan needs a risk assessment and this risk assessment template created in Excel 2010 can make that job a little easier. Learn how to construct the risk assessment template using the following set of instructions, or download it for free in this article.
- Risk Management Plan: Example
The risk management plan example given in this article brings to light the need for managing risks and the ways one can manage risks in a project. While it introduces the project manager to what a risk management plan should consist, it is only the first of the 3 part project risk management series
- 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.
- Are You Guilty of Passing the Buck in Risk Management?
Do you blame project failures on company initiatives that were in place before your time? Do you point the finger at external stakeholders for project dilemmas? If you’re constantly blaming someone else, are you really leading?
- Oops! Did I Hit the Send Button on That Email?
Loose lips might sink ships, and fumbling fingers could sink your career. Most people are careful to watch what they say out loud at work as they realize inappropriate conversations could damage their career prospects. However, what happens when you send an inappropriate email to the wrong person?
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