When things go seriously wrong, one of the things you will need is a Business Continuity Plan. And, since projects involve risk to your organization, you’ll need to link into this. So, what is a Business Continuity Plan? Dr Mike Clayton is founder of OnlinePMCourses.com. Here, he answers this question, in under 5 minutes.
In last week’s article, we started to look at the reasons why projects fail. We set out the first five of ten Points of Project Failure. In this week’s article, we’ll look at the second set of causes. Five more reasons why projects fail. If you did not read last week’s article, I recommend you […]
Risk response strategies are the basic ways you can handle project risks. They are also one of the areas of project management practice that the PMI updated in the 6th Edition of its Project Management Body of Knowledge (PMBoKⓇ). So, it seems like a good time to look at this vital aspect of project management […]
A robust risk culture goes beyond having a strong basic risk management process. But the rewards for the extra work you’ll put in to build that culture are huge. Particularly for large, complex, or strategically important projects. Some of my readers may hope to influence the risk culture of their whole organization. But, for many, […]
Risk analysis is both easy and hard at the same time. If that sounds confusing, read on, because we’ll make everything clear. But one thing is for sure. No project manager can get by without knowing how to analyze risk on your project. Risk is important, because it is baked into the nature of projects. […]
At some point in your project management career, you’ll need to deal with a project crisis. It may come in one of many forms, and arise for any of a huge range of reasons. It may not be the fault of you and your project team. But, equally, it may be. So, you need to […]
Two of the things that put off many project managers are Politics and Stakeholders. Yet they are intertwined and a necessary part of project management. You cannot escape either so you may as well embrace them. In this podcast, Andy Kaufman of the People and Projects Podcast, interviewed me about Politics and Stakeholders – an interest […]
Risk is inherent in the nature of a project. So, that makes project risk management a central part of the project management toolset. Don’t think of it as an add-on. Nor even as a discipline in its own right. Instead, it’s best to regard risk management as a thread that runs through the heart of […]
Project Managers know that projects are risky. Project risk management is therefore a vital discipline. Indeed, a focus on project risk is a sign of real project management maturity. So, it’s crucial. What is Project Risk Management? Dr Mike Clayton is founder of OnlinePMCourses.com. Here, he answers this question, in under 5 minutes.
If you are taking on Project Management, you will need to come to terms with its necessary consequence: project risk. It’s a topic I’ll be covering a lot, over time, because it is so central to project management. I have already written, at length, about why projects go wrong. In this article, we’ll look at […]