It’s useful to have categories for your project risk because it helps with risk identification. Working through this list can give your team a head-start with identifying where project risk might come from. Not all the categories will be relevant to every project (and some might not be relevant to your
How Digital Disruption is Affecting Risk Management
How much computing power do you carry with you? Between a smart watch, your phone and the tablet computer you can slide easily into your bag, you probably walk around with more computing power than the first space rockets. Digital disruption is the idea that technology is bringing about
The 3 Must-Have Roles for Risk Management
When you think of risk management, what springs to mind first? For many people, it’s something like a risk discussion on a project aimed at uncovering risks or a log of project risks. Perhaps you think of a process for managing risk on projects. Whatever comes to mind first for you, it’s highly
Avoiding Schedule Risk
All schedules come with risk, so learning to address some of the more common risks associated is an important step to their mitigation. Your scope may very well be attainable, but your schedule may transform your otherwise reasonable project into an inevitable failure. Sources of
3 Reasons Why You Need Risk Governance
If your organization is implementing new services or launching new products, you’ll be introducing risk to your business. Projects create risk – it’s not necessarily a bad thing, but it should be adequately managed. Generally, project teams are at the forefront of identifying, mitigating and managing
What Risk Management Technology Should You Use?
Do you really need risk management tools in your business? There are some advanced IT systems on the market that are used for risk management, but they might not be right for you. In this article we’ll look at 4 different types of risk management functionality that
7 Common Pitfalls for Risk Management and How to Avoid Them
Once you’ve arrived at the point where you are ready to implement risk management in your business, it’s worth taking a bit of time to identify what needs to happen next. One of the useful things
3 Layers for Risk Management
Creating a risk management culture in an organization can seem like a huge challenge. However, if you break it down it’s really all about getting these three layers in place for your business
Risk Reporting
What does risk reporting look like in your business? It’s a simple question with a challenging answer: Risk reporting looks like whatever you need it to look like in order to get the required action and visibility. This sounds vague but it’s actually a good thing: you can tailor your risk reporting approach
What Does It Mean To Have a Risk Culture?
People talk about having an organizational culture that recognizes risk, and where risk management is embedded throughout the layers of the company. But what does that actually mean? Below we look at four things that you’ll see in organizations