Issues arise all the time on projects. So, what is Issue Management?
No one would tolerate a project that is too risky! So, what is risk tolerance? 5-minute Video.
The Cone of Uncertainty is a helpful way to understand the evolution of your project. So, What is the Cone of Uncertainty?
There is a lot to do when you start a new project. But one thing that can have a big effect on your ultimate success is how you approach risk management. So, we asked risk management expert, Keith Baxter, to offer his advice on a successful risk management kick-off. Keith is the founder of De-RISK […]
Failure Mode and Effects Analysis (or FMEA) is a powerful methodology that comes from the domain of manufacturing and the toolset of Six Sigma. But it is also a valuable addition to any Project Manager’s toolset. So, what is Failure Mode and Effects Analysis – FMEA? Dr Mike Clayton is founder of OnlinePMCourses.com. Here, he answers this […]
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. […]