Project Risk Management

Most Recent

• Tips & Free Template for Developing a Crisis Management Plan
  Find a free crisis management plan template available at Bright Hub's PM Media Gallery. The pointers below serve as basic guidelines on the content necessary under each component. Readers will perceive the tool's importance as a set of preconceived action plans in cases of emergency situations.
• Step-by-Step Method to Report Root Cause Analysis Results
  The root cause analysis method is a widely used business problem-solving model. Organizations use this method to find the root causes of various problems. Right here you will find the best practices for documenting root cause analysis findings.
• The Business Ethics Hall of Shame - 2011
  Rupert Murdoch, downfallen mogul, has managed to get away with a formidable list of bad behaviors—not to call them crimes, of course—exemplifying a brand of poor business ethics that we don’t need in this day and age. Here’s a look at three leaders I wish we’d never had.
• Creating a Cause Map for Analyzing the Root Cause of a Problem
  Mapping for root cause analysis takes into account three essential aspects: the problem, the causes and the solution. After gathering information about the possible reasons, the cause map provides a depiction of how the reasons contributed to the problem and how one was isolated as the root cause.
• Asking Better Questions to Determine Root Cause
  Are you asking the right root cause questions to get to the bottom of things? Scientific methods have proven that deciding on human errors as the root cause doesn’t solve the problem. One has to probe deeper to unravel the systems or the process failures that are the core reason.
• Industry Specific Scenarios for Root Cause Analysis
  I’m sure it wouldn’t make you happy to get incorrectly diagnosed at your next trip to the hospital. Would the doctor conduct a Root Cause Analysis (RCA)? Apart from the world of healthcare, RCA is used in practically every industry. Read this article for industry-specific RCA scenarios.
• How Has the Root Cause Analysis Evolved Since Inception?
  The root cause analysis (RCA) has increased in relevance over the years for proper quality management. Its implementation has grown throughout the industrial zone, including the medical field, transportation, aviation and other areas. Discover RCA’s history and its different models in this post.
• Recognizing and Avoiding the Sinking Ship and Its Captain: Incompetence in Project Management Leadership
  Project management is a well-defined field with training opportunities for those in leadership positions. Still, favoritism, temper tantrums and incompetence mar the performance of teams -- in spite of the available training. Adding insult to injury, this ineptness may cost team members a promotion.
• Paying Attention to Externalities in Managing Risks
  In coming up with cash flow estimations, the extent of possible side-effects to be considered goes beyond the project but extends throughout the community and environment. Limiting the extent of cost projection doesn't necessarily mean limiting risk management to what has been financially projected
• Consider Sunk Costs and Their Impact When Analyzing Risks
  Sunk costs tend to be confusing. In our academic learning, we are taught that they're necessary but treated as outright losses and hence should be ignored. But will decision makers readily decide on a project without taking into consideration the amount of money regarded as irrecoverable?