article thumbnail

Risk Mitigation in Project Management

ProjectManager.com

Risk is something every leader knows well. We all need to become comfortable with some risks. We are never going to eliminate all risks. What Is Risk Mitigation? It involves a process that we’ll explore in a moment but basically addresses the top risks in order to fully protect the project. Learn more.

article thumbnail

The Risk Management Process in Project Management

ProjectManager.com

It sounds negative, but pragmatic project managers know this type of thinking is preventative. Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project. Project dashboards help you identify risk before they turn into issues. How to Manage Risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

There are many things that are needed when managing a project. An organizational process asset is a tangible resource that’s used to guide the management of an organization’s projects and operations. Organizational process assets may also include schedules, risk data and earned value data.

Process 367
article thumbnail

Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

The use of capital budgeting offers an objective view that helps managers figure out how to invest capital in order to increase business value but also helps the overall health of the company. Capital budgeting is part of the larger financial management of a business, focusing on cash flow implications when making an investment decision.

Budget 346
article thumbnail

ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Register today! July 20th, 2023 at 9:30am PDT, 12:30pm EDT, 5:30pm BST

article thumbnail

8 Free Risk Management Templates for Excel

ProjectManager.com

If there’s one thing you can be certain of when managing a project, it’s change. Although it’s impossible to predict the future, with these free risk management templates, you can better prepare for the unexpected and be more apt to keep your project on track. However, templates can only do so much.

article thumbnail

Book Review: A Short Guide to Facilitating Risk Management

Rebel’s Guide to PM

Risk meetings don’t have to be boring, although in my experience they often are. A Short Guide to Facilitating Risk Management is a book that specifically addresses how to get the best out of your risk management meetings. The benefits of risk management. Great advice for risk meetings.