In Risk Management Series Part 2, we looked at how to assign Risk Probability and Risk Impact ratings to individual risks faced by a project. In this Part 3 of our Risk Management Series, we examine how to use these ratings to classify risks and go on to show various risk treatment options.
Risk Classification
Since we [...]

In Part 1 of this Risk Management Series, we had a look at the purpose of Risk Management. I like to think of it as the mixing action that binds all your project ingredients together. Managing risk shouldn’t be a chore, but an essential part of staying on top of your project environment, and it [...]

Risk Management is a vital ingredient to overall project management. Consider: what is it that can push your project over budget, off scope or over schedule? The simple answer is unmanaged risk.
Performing a risk analysis in the initiation phases of a project is important as it provides information on a proposed project’s likelihood of [...]

This week, I’ll be posting a new series on Risk Management and it’s importance to overall project management.
It’s pretty easy to think of risk management as a drag, as a drain on your most precious resource: your own time. It’s not uncommon for a junior member of a project management team to be lumped with [...]