Archive | Risk Management

5 Tips For Improving Your Risk and Opportunity Logs

Aside from the project plan, there are several documents needed to be created when a project starts such as a goal log, issues log, risk log and opportunity log. The difference between a log and other documents needed in the course of the project is that logs are updated during the course of the project. […]

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Project Risks– What They Are And What To Do About Them

The first thing everyone learns in project management is simple: each and every project has risks. True, they are not always negative– few project risks can be positive and a directly resulting in or from the success of a project– unfortunately those types far outweigh the negative risks. As managers, the key task is to […]

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Defining risk management

As project managers, we know that risks that present threats to a projects success and objectives are common. Risk is is represented by uncertainty from a negative outcome (“my supplier might be late delivering me the materials for my project”) through to a positive outcome (“my supplier could be early in delivering my project materials […]

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Creating a project risk register

For Novice project managers one of the more unfamiliar tasks is that of risk management. The risk management process is one which is well documented and contains a suite of documents that are used to manage the process throughout the life of the project. The key document in all of this is the risk register. […]

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Risk Management for new Project Managers

For new project managers, risk management can seem quite daunting. The traditional view of Project Management is that of managing tasks to a schedule and to a novice risk management is usually a new and unfamiliar process. The actual process of risk management involves various steps which will usually include. Risk capture and identification Impact […]

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Need for Lesson learned log

When it comes down to successfully delivering projects, executives and project managers must be aware that things can go wrong. Where an organization has managed and delivered many projects it has a valuable asset that can be used to aid the successful delivery of future projects – that asset is knowledge. Businesses can learn from […]

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