article thumbnail

The Risk Management Process in Project Management

ProjectManager.com

When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? 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.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Resource Management: Process, Tools & Techniques

ProjectManager.com

Resource management is one of the most important aspects of project management. That’s because projects need resources and those resources must be managed. What Is Resource Management? Resource management is the process of planning, scheduling and allocating resources to complete a project.

Process 404
article thumbnail

Organizational Process Assets: What does that even mean?

Rebel’s Guide to PM

Project managers are often faced with the challenge of managing complex projects and ensuring that they stay on track. One key tool to success is understanding how to use organizational process assets effectively. But what is an organizational process asset (OPA)? What are Organizational Process Assets?

Process 422
article thumbnail

Construction Risk Management: An Introduction

ProjectManager.com

There is heavy equipment, crews working in precarious situations and complicated logistics to manage. How do you meet your deadline while managing all that risk? The answer is construction risk management. It can be mind-bogglingly complex, which is you should make a detailed construction risk management plan.

article thumbnail

Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

There are many things that are needed when managing a project. Some of these are called organizational process assets. These organizational process assets are critical to a project’s success and its operations. What Is an Organizational Process Asset? But there are also tangible items that are just as important.

Process 367
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.