The risk response plan should be developed before the risk event occurs. If the event occurs, then execute the plan. The four risk response strategies…
Posts tagged as “Risks”
To assess the potential impacts of risk to a project, it is important to understand the 3 basic elements used in risk calculations: Impact, Probability…
Risk management is an important project management function. While we have tools to identify, assess, and manage risks, it’s sometimes difficult to understand and distinguish…
Risk events can have both negative and positive impacts on a project. Most people think of risk in negative terms; however, some events could have…
Here are 10 important questions every risk management team should answer for each risk in the risk register:
The first step in risk management is to identify the risks that may impact your project. You may have scheduled the risk assessment meeting, but…
While there is some debate regarding the ISO 9000 cliché promoting documentation, I believe it is certainly relevant to project management. The cliché simply says:…
If it can go wrong, it will. -Murphy’s laws That’s not very encouraging, in fact, it’s downright discouraging. We do the best we can as…
We know that risks are unknown future events that may have positive or negative influence on our projects. It is also important to identify and…
Are you working on a software development project? Here’s the list of the top 10 project risks with countermeasures. Personnel Unrealistic Schedules and Budgets Developing…