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Project Risk Management: Strategies for Identifying, Assessing, and Managing Risks

LiquidPlanner

That’s why effective project management should go beyond theory, and expand to include risk factors – both internal and external. A practical project risk management strategy accounts for team member miscommunications and mistakes, scope creep and shifting client expectations, and any technical difficulties along the way.

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What Is a Risk Register & How to Create One

ProjectManager.com

What is a Risk Register? A risk register is a tool in risk management and project management. It is used to identify potential risks in a project or an organization, sometimes to fulfill regulatory compliance but mostly to stay on top of potential issues that can derail intended outcomes.

Risk 390
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14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

Risk 325
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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

Rough order of magnitude (ROM) can help you better estimate project costs. But what is ROM and how can you calculate ROM estimates? We’ll explain the process, define the term and detail the steps for making a rough order of magnitude estimate. As noted, the rough order of magnitude is a technique to estimate project costs.

Estimate 351
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Fundamentals of Project Planning and Management: UVA Darden Course Review

Rebel’s Guide to PM

Recently I audited the Fundamentals of Project Planning and Management course from University of Virginia Darden Business School. It’s one of the most popular project management courses on Coursera. How I did this review I signed up for a Coursera free account and audited the class.

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9 Steps to Managing Risk for Your Projects

LiquidPlanner

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. Which is why so many projects—especially large technology projects—run into trouble. But there are ways you can mitigate and manage risk. Create a project risk register.

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Do We Need Risk Management in Agile Projects?

MPUG

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? Do agile projects have risks associated with them? And do we want to let those risks run wild without any effort to contain them? Why is Risk Management in Agile Projects Even a Question?