People talk about having an organizational risk 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 with a risk culture so that you can decide if your business is on the […]
Why You Need Project Risk Management Software
Project risk management software is a tool for business that helps you identify, track, manage and close out risks to your projects, programs and portfolio. Normally installed and managed from the PMO, it’s used by project managers and their teams, plus other project delivery professionals in your organization and executives who want to see the […]
How To Get Senior Management Support For Risk Processes
Very few businesses start out with an enterprise or portfolio approach to robust risk management. It’s something that is designed into risk process improvements over time, or managed as a maturity initiative. In other words, implementing risk management is often a project, led by the PMO or project management community. As with all projects, it […]
Why Your Team Should Do Risk Management Training
Why your team should do Risk Management training. Risk management is an approach that allows organizations to improve how projects and programs are managed from start to finish. It’s a way of improving the communication channels across the business, and encourages project teams to be realistic with their estimates and scheduling. Risk management training is […]
5 Ways To Tell That You Need To Improve Your Risk Management
How good is your project risk management? Do you project managers have all the tools they need to really do a fantastic job? You might think so, but look out for these 5 signs that you should be considering how to improve the way your business handles project risk. 1. There Are Too Many Surprises […]
Risk Management Planning in 5 Steps
Whether you are new to risk management or reviewing what you currently have in your business, it’s a good idea to start with risk management planning. This is the first step in creating a risk management approach that is tailored to your organization and that supports your project management community and your business goals. Let’s […]
Managing Weather Stoppages in Schedules
Managing Weather Stoppages in Schedules “How do I account for weather stoppages in my project schedule?” This question comes up a lot. Particularly from folks who work in a business where weather conditions can reap havoc upon your beautifully crafted schedule. The answer to mitigating weather stoppages can be a choice among several approaches. Which […]
Getting The Paperwork Right – The Risk Management Documents Your Team Needs
Do your project teams have the risk management documents they need to get risk management right? If you’re convinced of the benefits of risk management, then we don’t need to tell you the improvements you can see to your business are significant. But do you teams have the supporting documentation required in order to manage […]
5 Business Challenges That Risk Management Can Help Fix
Project risk management can do far more than simply flag up potential problems. It’s a fundamental way of working that changes how your business and your teams operate. When you have risk management embedded in the way you work, you can use it to break down silos. It can improve communication, engage senior managers and […]
3 Ways That Your Staff Add Risk To Projects
Ways that your staff add risk to projects. Companies that have started their journey to mature risk management processes may well have robust processes in place for identifying project-related risk and ensuring these are tracked and managed adequately. That’s expected. Risk management typically starts out by focusing on the risks inherent in the project tasks […]