In recent years, getting work done through teams has become standard practice in many organizations. This is true for a couple of reasons. One reason is synergy. Generally it has been proven in ...

A major element of the risk control process is change control management. Every detail of a project plan will not materialize as expected. Coping with and controlling project changes present a ...

This article is part of the Risk Response Development process. This is considered to be a activity inside that process. To understand the full picture please read this article first and follow the ...

This article is part of the Risk Response Development process. This is considered to be a activity inside that process. To understand the full picture please read this article first and follow the ...

A contingency plan is an alternative plan that will be used if a possible foreseen risk event becomes a reality. The contingency plan represents actions that will reduce or mitigate the negative ...

Typically the results of the first three steps (Risk Identification, Risk Assessment, Risk Response Development) of the risk management process are summarized in a formal document often called the ...

When a risk event is identified and assessed, a decision must be made concerning which response is appropriate for the specific event.This will be the third process inside an effective risk management ...

Probability analysis is one of the techniques that can be used in the Risk Assessment process. Although there are many statistical techniques available to the project manager that can assist in ...

The Risk Identification Process produces a list of potential risks. Not all of these risks deserve attention. Some are trivial and can be ignored, while others pose serious threats to the welfare of ...

Probability of the event. Impact of the event. Simply stated, risks need to be evaluated in terms of the likelihood the event is going to occur and the impact or consequences of its occurrence. The ...

Every project manager understands risks are inherent in projects. No amount of planning can overcome risk, or the inability to control chance events. In the context of projects, risk is an uncertain ...