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 […]
The 3 Must-Have Roles for Risk Management
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 […]
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 schedule risk include multiple critical paths, multiple predecessor dependencies, procrastinating […]
3 Reasons Why You Need Risk Governance
Do you use risk governance in your organization? 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 risk. […]
What Risk Management Technology Should You Use?
Do you really need risk management technology 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 you’ll find in software products – either built […]
7 Common Pitfalls for Risk Management and How to Avoid Them
Common Pitfalls for Risk Management 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 to do at this time is to consider what might trip you up and […]
3 Layers for Risk Management
Creating a risk management approach and 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: Adequate management process Systems of control Governance Once you’ve addressed those points, you’ll find that your risk management approach falls […]
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 to make […]
What Does It Mean To Have a Risk Culture?
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 […]