The Risk Identification Process produces a list of potential risks. Not all of these risks deserve attention. Some are trivial and can be ignored, while others pose serious threats to the welfare of ...

In recent years, getting work done through teams has become standard practice in many organizations. This is true for a couple of reasons. One reason is synergy. Generally it has been proven in ...

When a risk event is identified and assessed, a decision must be made concerning which response is appropriate for the specific event.This will be the third process inside an effective risk management ...

You can be the greatest thing since sliced bread, but if you’re the only one who knows it, you won’t go anywhere with your many talents. You need to promote yourself to the decision makers in your ...

One common mistake that is made early in the risk identification process is to focus on objectives and not on the events that could produce consequences. For example, team members may identify failing ...

Every project manager understands risks are inherent in projects. No amount of planning can overcome risk, or the inability to control chance events. In the context of projects, risk is an uncertain ...

In previous articles I have emphasized that ultimate success is not determined by weather the project was completed on time, within budget, or according to specifications, but whether the customer is ...

Probability analysis is one of the techniques that can be used in the Risk Assessment process. Although there are many statistical techniques available to the project manager that can assist in ...

Many new managers believe they must know how to perform every job in their area of responsibility. It’s as though they feel that if some key person quits, they might have to get out there and ...

Most managers do too much talking and too little listening during the interview process. The interview with the prospect is a two-way sizing up. Naturally, the candidate wants the job, so candidates ...

A contingency plan is an alternative plan that will be used if a possible foreseen risk event becomes a reality. The contingency plan represents actions that will reduce or mitigate the negative ...

This article is part of the Risk Response Development process. This is considered to be a activity inside that process. To understand the full picture please read this article first and follow the ...