-
Project Phases
August 28, 2008
-
Work Breakdown Structure Was Shallow - Project Management Mistake # 7
August 27, 2008
-
Project Risk Management: Benefits and Obstacles
August 27, 2008
-
Work Breakdown Structure (WBS)
August 27, 2008
-
Project Steering Committee Composition
August 27, 2008
-
Manage Project Risks
August 27, 2008
-
Cost Estimating in Program Management
August 26, 2008
-
SMART Requirements - Conclusion
August 26, 2008
-
3 Main Benefits of Project Baselining
August 26, 2008
-
The Top Five Reasons Project Managers Fail
August 26, 2008
Risk Management - Introduction
July 6, 2008 | Author: admin | Filed under: Risk Management
Risk Management - Introduction (#36 in the Hut A Project Management Primer)
By Nick Jenkins
Risk management is one of the essential phrases in project management these days so I’m going to go out on a bit of a limb when I suggest that it’s actually not that important. Understanding the concepts of risk management will be useful for you but I have rarely, if ever, seen it used properly.
The basic concept of risk management is a “chicken-little” assessment of the project which identifies anything significant that could possibly go wrong with the project. A risk management plan will then seek to mitigate or eliminate those risks, hopefully avoiding their consequences.
Normally project managers and business managers use it as a kind of ‘code’ to describe when the project has stuffed up. “We’re going to mitigate this risk!” they say as the deadline slips away. One of the best uses of risk management is to have a “risk” item in your regular project meetings to highlight to everyone the risks that the project currently faces.
Next in the Hut A Project Management Primer:
Risk Management - Risk Management Officer
Previously in the Hut A Project Management Primer:
Costing and Budgeting - Budgeting
Nick Jenkins is an IT manager with 10 years experience in software development, project management and software testing. He’s worked in various fields of IT development in Australia, Britain and the USA and occasionally he learned something along the way. Now he lives on the banks of the Swan River in Perth, Western Australia, and he publishes the odd guide to help aspiring IT professionals. Nick’s website can be found at www.nickjenkins.net.
Related Articles
feel free to leave a comment
Comment Guidelines: Basic XHTML is allowed (a href, strong, em, code). All line breaks and paragraphs are automatically generated. Off-topic or inappropriate comments will be edited or deleted. Email addresses will never be published. Keep it PG-13 people!
XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>
All fields marked with " * " are required.
- Agile Project Management
- Certification
- Change Management
- Communications Management
- Computer Based Information Systems
- Concepts
- Corporate Transformation
- Cost Management
- Critical Chain Project Management
- Delegation
- History
- HR Management
- Implementing Project Management
- Integration Management
- Lessons Learned
- Management
- Miscellaneous
- People Issues
- PMBOK
- PRINCE2
- Procurement Management
- Program Management
- Project Management Advantages
- Project Management Best Practices
- Project Management Charts
- Project Management Definitions
- Project Management Ethics
- Project Management for Beginners
- Project Management Musings
- Project Management Office
- Project Management Proposals
- Project Management Templates
- Project Portfolio Management
- Project Workforce Management
- Quality Management
- Requirements Management
- Risk Management
- Scheduling
- Scope Management
- SCRUM
- Soft Management
- Time Management
- Training
- Uncategorized
1 person has left a comment
[…] Risk Management - Introduction […]