In this webcast, Cornelius Fichtner and Dr. David Hillson look at project risk management for business leaders and project leaders through the metaphor of a risk hurricane. Risk management has …
Managing Risks
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Business StrategyFeature ArticleGeneral Articles Related to Managing ProjectsProject ManagementRisk Management
How managing strategic risks can help create a winning business strategy
Want to know how to create a winning business strategy? To define a winning business strategy, companies should always take into consideration all types of risks that may occur at …
Feature ArticleProject ManagementProject Oversight and GovernanceRisk Management
Situational awareness is key to managing risk?
Situational awareness for managing risk is essential. Risk management is a state of mind with forethought, like safety and quality. It cannot be boiled down into tools and techniques. Tools …
Feature ArticleGeneral Articles Related to Managing ProjectsRequirements GatheringRisk Management
Managing uncertainty vs. the cost of change?
In my lectures, when it comes to the topic of managing risks, I start with a figure just to illustrate the importance of managing risks. This figure shows that the …
Feature ArticleGeneral Articles Related to Managing ProjectsProject ManagementRisk Management
Are your risk assessments falling short?
Most people regularly assess risks and stop short in their assessment. For years we have been told to pay close attention to the two main dimensions of risks: probability and …
Feature ArticleProject ManagementRisk Management
How To Be Flexible When Faced With Project Uncertainty
Every successful project manager knows that managing risks is indispensable for project success. Being proactive, especially at the beginning of the project, where uncertainty is at the highest level, helps …
Feature ArticleGeneral Articles Related to Managing ProjectsProject ManagementProject Management Life CycleRisk Management
Key elements of a good risk management plan
What is a risk management plan in project management? Learn about elements of a good risk management plan, RACI matrix, or RACI charts. People often do not realize how low …
Feature ArticleGeneral Articles Related to Managing ProjectsProject ManagementRisk Management
Data and flexibility: Keys to managing uncertainty
Uncertainty is inevitable. What are the keys to managing Uncertainty? There are two main ways to tackle uncertainty: You can either decrease the level of uncertainty or increase flexibility. My …
Feature ArticleGeneral Articles Related to Managing ProjectsProject ManagementRisk Management
Why is it so important to properly assign risk ownership
The topic of risk ownership always prompts lively conversation when discussed with any individual from my classroom to a client’s site. Who should be the actual risk owner? Should it …
Feature ArticleGeneral Articles Related to Managing ProjectsProject ManagementRisk Management
Learning to identify risks as an opportunity
Time and time again, I mention the word “risk” in conversations, and what comes to everyone’s mind is, first and foremost, something negative. You can see it on people’s faces, …