How to select a Risk Response Strategy? How to implement it in your Project Management Plan? Sounds complicated... But let me simplify it for you in this article. Risk Response Strategy is an action plan on what you will do a Risk on your project. The main risk response strategies for threats … [Read more...]
Project Risk Management Articles and Tips
Latest articles on Project Risk Management from Project Management Basics. To become proficient with risks on a project, check out my free guide on risk management.
In this article, you'll find the real-life project risk management plan example. It comes from my practical experience working on software development projects. Below the example, you'll find all the required information and resources to create your Risk Management Plan quickly and for … [Read more...]
Risk Register is the most important document in project management. Everyone agrees on that. But few PMs actually keep it in good shape. Why? They overcomplicate it! Risk Register is a document that contains the information about identified risks, results of Risk Analysis (impact, probability, … [Read more...]
How to perform risk identification? What risk identification techniques to use? Which ones are most efficient? And in general: How to discover problems that you’re unaware of? Risk Identification Techniques are established methods of analyzing project information and discovering threats and … [Read more...]
It is hard to imagine what you can do with a project risk. Yes. Avoid, mitigate, transfer, and so on. But what does it mean? What specific actions can you take to avoid something? What can you, as a project manager, do to mitigate a risk? Adding some risk reserves and removing … [Read more...]