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Risk Management

  • Explaining Risk Mitigation

    Risk mitigation is the act of decreasing the riskiness of a project. Explore the article further to find out what type of risks are involved in a project and how a project manager can mitigate these risks.
    Published by Vaseem Khan (710 pts) on Sep 21, 2009 to
    Project Management Articles

  • Effective Brainstorming Methods

    In the life of a Project Manager, creative thinking is required everyday to solve problems. As a matter of fact, many Project Manager job descriptions specify creative thinking as a must-have ability. Through effective brainstorming, you can generate out-of-the-box solutions.
    Published by Rupen Sharma, PMP (2480 pts) on Sep 15, 2009 to
    Project Management Articles

  • Risks Involved in Software Project Management

    This article describes the various kinds of risks which are associated with Software Project Management.
    Published by SparkKD (1188 pts) on Sep 8, 2009 to
    Project Management Articles

  • How to Respond to Positive Risks

    Soccer commentator, “The referee has given a free kick. The manager, Tonino, brings on Jason – the free kick specialist. Jason prepares to take the kick…he scores!!! Tonino sure does know how to deal with positive risks!”
    Published by Rupen Sharma, PMP (2480 pts) on Sep 8, 2009 to
    Project Management Articles

  • Computing EMV with Decision Trees

    I had to make a decision. There were three possibilities. So, I jotted down the pros and cons on a whiteboard. That was not enough! My Leadership asked me to calculate the dollars gained or lost by making each decision. It was a risk management issue; it was time to create a Decision Tree.
    Published by Rupen Sharma, PMP (2480 pts) on Sep 7, 2009 to
    Project Management Articles

  • Calculating Expected Monetary Value (EMV)

    How do you quantitatively prioritize a risk? Would you prioritize the risks with the highest probability of occurrence or the risks with the greatest monetary impact? This is where Expected Monetary Value (EMV) comes to the rescue.
    Published by Rupen Sharma, PMP (2480 pts) on Sep 4, 2009 to
    Project Management Articles

  • Responding to Negative Risks

    Soccer commentator, “Helen’s got the ball. She dribbles past a few players. She’s headed straight for Jessica – the star defender. Jessica tackles…oh no! Helen’s lost the ball. Helen should have had a better negative risk response strategy!”
    Published by Rupen Sharma, PMP (2480 pts) on Sep 1, 2009 to
    Project Management Articles

  • Risk Mitigation Strategies

    Any risk mitigation plan must be effectively designed so that all the risks involved are eliminated by taking some necessary actions. Read more about what actually your risk mitigation strategy should be while managing your project.
    Published by Preetam Kaushik (22774 pts) on Aug 31, 2009 to
    Project Management Articles

  • Creating a Risk Treatment Plan

    In order for potential risks to be controlled, a risk treatment plan is necessary for avoiding, transferring, mitigating, and accepting risk. Here we discuss how to create an effective risk treatment plan.
    Published by JScheid (21666 pts) on Aug 20, 2009 to
    Project Management Articles

  • Top 3 Rules to Follow in Risk Management

    According to a 2008 Gartner report, one out of three IT projects either had high cost variance or were substantially late. If we know this, then why don't we proactively manage project risks? In this article, we'll introduce you to three risk management rules that'll help you keep risks manageable.
    Published by Rupen Sharma, PMP (2480 pts) on Aug 10, 2009 to
    Project Management Articles
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