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.

Emphasis on Externalities in Assessing Project 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

A Review of Barrier Analysis With Examples

Barrier analysis is a tool that aids in the investigation of possible reasons that cause a system to fail. It traces the pathways by which a hazard affects a target, and identifies any failed or missing countermeasures that could have, or should have, prevented the undesired effect.

In Focus: Root Cause Analysis Methods

Cultivate appreciation for root cause analysis methods since they’re vital to risk management processes. Learn about the three most popular approaches for RCA and examples of their uses. Become aware that most industries adopt RCA as part of a proactive posture to ensure quality of output.