Project Tools .co.uk         Project Management            

                                                                            Click arrow   

"Project Management and Process Change Basics and Resources for Busy People"                  

                                     

Image for presentation purposes only

 

Project Management> Project Risks

 

Project risks need to be identified, evaluated, recorded and managed.  The aim is to prevent the risks becoming a “barrier” to successfully completing a Project. 

For all identified project risks, appropriate counter-measures need to be planned, resourced and implemented to ensure that all the risks within the project are monitored and controlled.

 

You can use a Project Risk Register (which is sometimes referred to as the Project Risk Management Plan) to help you control risks. 

 

The risks are recorded in the register with details of the probability of the risk occurring and the likely impact on the Project.  (Click here to view examples which contains guidance notes on how to rate the probability or impact of the risk)

 

Counter-measures should also be put in place or be considered to minimise the risk occurring and details should be recorded in the register.

 

Owners should also be appointed to monitor and control the risks and this should also be recorded in the register.

 

Risks of Success

 

Risks are commonly viewed as the 'barriers' to a project’s success and should be managed. 

 

However, there are also a set of risks, which are commonly known as the “risks of success”. 

 

The identification of these risks, as well as the barriers to success, is extremely important.  Some questions are given below which help you identify what your risks of success might be:

  • If we achieve our vision what problems and side effects will this cause?
  • Who will lose out as a result of this project?
  • For those risks identified, what effects will they have and will they present a problem to the project?
     

Some useful examples of risks of success are given below:

  • Over stimulation of demand
  • Moral hazard
  • Policy clashes
  • Precedents
  • Perverse incentives
  • Adverse responses

Go to Project Management Knowledge Base

See also

 

Go to Analysis Knowledge Base
Go to Process Change Knowledge Base
 

Knowledge Base

Analysis Techniques
Project Management
Process Change
Templates
 

Resources

Resources (full list)
 

"Just for You"

Just For You (full list)
 

Sponsors

 
 

"Just For You"

This section is "just for you", to help you manage your personal life:

Click here for full list

 

"Sponsors, Promotions and Special Offers"

Project Tools has teamed up with a number of companies to provide you with access to project management resources and the items in the "Just for you" section.  To view list of companies and  their products  Click here

Amazon is one of the companies we have chosen to provide resources, such as books and software.  Orders are filled and shipped by Amazon, so you can be assured of reliable service, great prices and secure on-line ordering. Most of their products are sold at 20 to 30 per cent off the retail price.

Click here to view List of products

"Keep an eye on this space" Details of any future promotions and or savings, will be shown here and in "What's new".

            Contact us            

© 2005 Project Tools .co.uk - Online Project Management Resources