How to select a Risk Response Strategy? Sounds complicated. But let me simplify it for you in this article. Here you will find examples of risk responses for both threats and opportunities. But there’s a catch: You may have a limited mindset in regards to dealing with risks. So, I … [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.
Do You Know These 6 Practical Risk Identification Techniques?
How to perform risk identification? What risk identification techniques to use? Which ones are efficient? And in general: How to discover problems that you’re unaware of? Check the topic on PMBOK® Guide: It says nothing about the practical application of risk identification … [Read more...]
Risk Management Examples: 9 Behind the Scenes Stories
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...]
How to Identify Risks in Project Management (a practical guide)
“How do you actually identify risks?” Corwin asked me after a lecture. I was surprised and couldn’t get the question, “I have just explained tools and techniques I use to identify risks, haven’t I?” “Yeah! Documentation Reviews, brainstorming, diagramming and designs. But how do you do … [Read more...]
Simple Project Risk Management Plan that Works
Project Risk Management. When you hear those words, you imagine a super serious process. Stakeholders are rolling up their eyes because they don’t want to hear about additional reserves. And fuck ups still happen. You are not alone here. Risk management requires a considerable shift in the … [Read more...]
Risk Register – All You Need to Know About It
Risk Register is the most important document for all your risk management efforts. It is the primary input for developing correct risk response plans. Moreover, it is the only tool that helps to control and monitor threats and opportunities. https://www.youtube.com/embed/Z25ZX5YZkJk So here is … [Read more...]
How to Perform Qualitative Risk Analysis for the First Time
Qualitative risk analysis boosts the chances for project success dramatically. If I were to choose one thing to improve in my project management - it would be it. Why? I honestly believe that this risks analysis in more than enough for small and medium projects. Qualitative risk analysis … [Read more...]
43 Important Risk Categories for Effective Risk Identification
List of risk categories is a simple yet powerful technique of risk identification. It is particularly the case if you do not have a robust risk management processes in place. I believe that risk categories are the most important part of any lessons learned. Moreover, this list should be … [Read more...]
Risk Management Framework Explained in Simple Words
Risk management framework is critical for any project. You need a clear workflow, processes, and documents to efficiently overcome risks. Otherwise, you may end up wasting time and resources for nothing. When I was a junior project manager, I worked in one of software development companies. It … [Read more...]
