Guide to Risk Management

crashed car Millions and even billions of dollars are lost by not managing risks effectively. Risk management is critical for project success. By not identifying potential downfalls, it is almost certain your project will face turbulence and not achieve its goals and expectations. This can lead to a project getting shelved and losing a valuable client. The aim of this guide to Risk Management is to not only provide basic, but also expert guidance on managing risks.

Risk Management begins with identifying risks and then assessing them both qualitatively and quantitatively. A Risk Breakdown Structure is useful in Risk Identification; while risk assessment helps you prioritize. Read more in the full and comprehensive guide.

Image Credit: SXC

Risk Management Meltdowns: A Look at Some Real-World Examples Risk management should be a top priority when working on complex or untried projects. Why, you ask? Necessity is the mother of invention and in risk management, often inventions...	Learn How to Identify and Prioritize Your Project Risks One of the biggest challenges of the project manager is learning how to identify and then prioritize potential project risks. Here, we discuss the assessment process and how to communicate...
Are You Guilty of Passing the Buck in Risk Management? Do you blame project failures on company initiatives that were in place before your time? Do you point the finger at external stakeholders for project dilemmas? If you’re...	Guide to Risk Management Resources and Downloadable Templates Be sure and bookmark this handy guide to risk management. Whether you need help with risk analysis, other components of the risk management cycle, or you just want to download a template...

Risk Management Plan Examples

The risk management plan example given in this article brings to light the need for managing risks and the ways one can manage risks in a project. While it introduces the project manager to what a risk...

Creating a Risk Register: A Free Excel Template

Upon completion of a risk management plan, you must create a master document known as a risk register. This article discusses what a risk register is plus its importance and components. A link to an easy...

Project Feasibility Study Samples

Some projects require feasibility concept studies before moving forward in a project and to find out if it is deemed feasible, profitable, and doable. What are the ingredients of feasibility studies?...

Project Management Methodologies: How Do They Compare?

The world of project management and its practices is vast. With so many methodologies available, which one is right for your project? Here, Jean Scheid takes a look at project management methodology...

An Example Communication Plan for the Project Manager

This article talks about effective communication plans and links to sample communication plans available in the Media Gallery....

A Practical Approach to Creating a Risk Management Plan

A good risk management plan is critical to cutting down on unexpected project risks. A strong plan can decrease problems on a project by as much as 80 to 90 percent. A practical approach...

Risk Management Plan Examples

The risk management plan example given in this article brings to light the need for managing risks and the ways one can manage risks in a project. While it introduces the project manager...