Project Risk Management

Risk is inevitable when executing a project. Whether it’s a financial loss, accident, or project failure, there are any number of ways a project can go wrong. It’s your job to identify possible risks and have a plan in place for minimizing, as well as dealing with them when they are encountered.
Sound tough? This may be the least favorite part of any PM’s job, but we have a wealth of content to help you navigate these issues and succeed in your project. Read articles, tips and ideas from fellow PMs and share your own experience in the comments.

Include Environmental Sustainability in Your Project Risk Management

Include Environmental Sustainability in Your Project Risk Management

Ignoring the environment is perilous to the sustainment of any project or organization!  You need to keep the effect on the environment front and center! Issues such as commuting, parking, building, noise, light, energy usage, and waste management all are part of the environment effects to be considered.  If any one of these is not …

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Consider Social Sustainability in Your Project Risk Management

Consider Social Sustainability in Your Project Risk Management

Sustainability of an organization increasingly is dependent on managing social risks – that is in managing the organization’s relationship with its immediate and extended community.  Some factors to consider include attitude toward existing companies, employee relations, potential financial impact to the larger community, and possible supporting infrastructure required.  It is important to recognize the external …

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Ensure Financial Sustainability As Part of Your Project Risk Management

Ensure Financial Sustainability As Part of Your Project Risk Management

Sustainability, which is more often associated with environmental or other larger societal concerns, is often not associated with financial considerations, which is a complete show-stopper risk.  Public pressure tends to be in external-facing areas such as environmental, community planning, regional economic impact, and impact to local services. In fact, sometimes these considerations even come at …

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Support Operational Sustainability in Your Project Risk Management?

Support Operational Sustainability in Your Project Risk Management?

Project risks can affect operational sustainability in a business, yet sometimes these risks are not managed appropriately, if at all.  Identifying these operational sustainability risks can take some work, but it can be very worthwhile. Supplier disruption, relationship conflicts, operational strategy misalignment, and talent management miscues are just a few of the missteps that can …

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