Articles on Risk Management from the Real World

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 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 risk analysis in more than enough for small and medium projects. Qualitative Risk Analysis … [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...]

I’ve been managing software development projects for more than 11 years. Risk management is arguably the most crucial piece in my project management approach. Therefore, I spent lots of time and effort creating a practical risk management process.  Risk management process is a structured … [Read more...]

Here’s the most important thing you need to take from this article. Risk identification is not a rigid process that you follow step-by-step. Instead, good risk identification comes from communication and collaboration with all project stakeholders. Moreover, you need to educate others on how … [Read more...]

How to select a Risk Response Strategy? How to implement it in your risk 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 are … [Read more...]

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...]

A list of risk categories is a simple yet powerful technique of risk identification. It's even more valuable if you do not have a robust risk management processes in place. Risk Category is a way to group individual project risks to highlight a potential source of threats. A project manager … [Read more...]