What Is Project Risk Management | Tips In Project Management

Kandis Porter
Kandis Porter
7 هزار بار بازدید - 4 سال پیش - What is Project Risk Management?
What is Project Risk Management?  Tips In Project Management

This video focuses on all things risk management and issue management! A risk is something that is always in the future and may positively or negatively impact your project.

Five steps that a risk management process should include:

Identify: Document all possible project risks (e.g., technical, financial, etc.). Think worst-case scenario! Accomplish this through brainstorming sessions with the project team and stakeholders; receiving input from subject-matter experts; and reviewing lessons learned from past projects.

Analyze: Determine the probability of the risk occurrence and the impact on the project schedule, cost, quality or performance. Categorize risks so resources can be focused on the critical risks first. Risks may be displayed on scorecards or heat maps to provide a visual for easier interpretation.

Develop plans: Mitigation plans outline the actions that will be taken to reduce the probability or impact of a risk. Contingency plans outline what will be done in response to the risk, should it occur. Clearly outline resources required to execute the plans.

Execute: Execute actions outlined in the mitigation plans; contingency plans are only executed if the risk turns into an issue.
Monitor/track: Identify a clear owner for monitoring and tracking each risk. A risk register should be routinely updated and made available to the entire project team for review and input. Progress should be communicated to stakeholders.

Don’t let unexpected issues derail your project! Risk management is an iterative process that should take place throughout the project life cycle.

As a Project Manager, you have to be proactive in identifying and analyzing risks.  As they say, "hope for the best and plan for the worst!"  

Comment below with your questions and Project Management related video requests!  If you would like a copy of the risk register used in this video, email [email protected].  

#projectriskmanagement #projectmanagement #tipsforprojectmanagement

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Kandis Porter is the Founder and Managing Director of Effective Flow Connections (EFC), a management consulting company that helps transform organizations through project management, process improvement, change management, facilitation of key meetings, and training. Kandis also works one-on-one with clients, focusing on Leadership development and growth.  EFC enables organizations to do what they do, even better!

Kandis has more than 17 years of experience managing people and large projects in both the government and private sectors. She has supported clients in various industries, to include the Department of Defense, Federal Aviation Administration, utilities, medical device, non-profit, and learning & development.  Kandis has a Master of Science Degree in Project Management (MSPM) from The George Washington University and Master of Business Administration (MBA) in Human Resources. In addition, she is a certified Project Management Professional (PMP), Prosci Change Manager, and Six Sigma Green Belt. She is also certified as a Myers Briggs Type Indicator (MBTI) Practitioner, Thomas-Kilmann Instrument (TKI) Practitioner, and is a Wiley DiSC Workplace assessment facilitator.  

Learn more about Effective Flow Connections at https://www.effectiveflowconnections.com

Our mission at Effective Flow Connections is to provide outstanding consulting services through highly motivated and effective team members.

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4 سال پیش در تاریخ 1399/08/30 منتشر شده است.
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