Risk Management

Utilizing Fault Tree Analysis (FTA) as a Tool for Risk Management

This article explains the concept of Fault Tree Analysis (FTA) and its application as a risk management tool in projects. Risk Management is a very important part of a project and most project managers make extensive use of such risk management tools.

Published by SparkKD (1188 pts) on Jul 26, 2009 to
Project Management Articles
Utilizing FMEA as a Tool for Risk Management

This article explains the concept of FMEA (Failure Modes & Effect Analysis) and its application as a risk management tool in projects. Risk Management is a key component in a project manager’s job and he/she has to make use of various Risk Management Tools.

Published by SparkKD (1188 pts) on Jun 29, 2009 to
Project Management Articles
How to Transfer Risks

Jack Welch, former CEO of General Electric onced said, "Change before you have to." Napoleon I said, "I think three to four months in advance, and I calculate the worst." Every project manager must be able to identify the level of risk, be able to assess it and transfer it.

Published by JScheid (21666 pts) on Jun 24, 2009 to
Project Management Articles

Dealing with Project Delays: What and How to Communicate with Your Client When a Project is Behind Schedule

Communicating information about project delays can be difficult when your client wants fast completion of project deadlines. However, delays are a normal part of risk management services to clients. Read on for 5 tips on how to effectively communicate with a client about project delays.

Published by Haley Montgomery (4670 pts) on Jun 24, 2009 to
Project Management Articles
Surviving a Missed Deadline: How to Salvage a Client Relationship

You client wants fast completion of the project and your team just missed the deadline. Now what? With appropriate risk management services to client accounts, you can overcome failed expectations. This article highlights 5 steps for salvaging a client relationship after missed deadlines.

Published by Haley Montgomery (4670 pts) on Jun 23, 2009 to
Project Management Articles
Project Management Standards (Part 2 of 5) - Project Risk Management Standards

Project risk management standards must cover risk identification, prioritization of risks, analyzing the risks and communicating the risk factors to all members, and finally creating and implementing the risk responses.

Published by Preetam Kaushik (22774 pts) on Jun 17, 2009 to
Project Management Articles

Small Business Risk Management

Recognizing the need and understanding the principles and processes of risk management will help a small business owner to make the decisions necessary for the survival and growth of business.

Published by Preetam Kaushik (22774 pts) on Jun 12, 2009 to
Project Management Articles
Managing Risk in the High-Profile Project

Do you have a project that's received a lot of attention? If so, you may also find that the project contains an element of risk. In this case, it may be especially important to keep the risk involved in the project to a minimum. Read further for tips on risk management in high-profile projects.

Published by Ronda Levine (20763 pts) on May 30, 2009 to
Project Management Articles
What is Enterprise Risk Management?

Enterprise Risk Management is a comprehensive process aimed at reducing all the potential risks an organization is likely to face in its various enterprise departments. BrightHub takes you through a brief overview of Enterprise Risk Management in Organizational Domain.

Published by Preetam Kaushik (22774 pts) on May 18, 2009 to
Project Management Articles
A Practical Approach to Writing 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. In this article, Natasha Baker explains a seven step process for writing a manageable risk management plan.

Published by Natasha M. Baker (4687 pts) on May 12, 2009 to
Project Management Articles