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On-demand Webinars

Getting Project Risk Management Right

by Mario Trentim, PMP, PMI-RMP, PfMP
September 06, 2016 | 53:59 | Views: 1,751 | PDUs: 1.00 | Rating: 5.42 / 7

Identifying risks that are not related to the project is a common mistake, leading to incorrect analysis and poor responses. The end result is that risk management is frequently adding more waste and inefficiency instead of helping to increase project success rates.

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Save Time With Tools + Templates

Soothsayer™ for Project Risk Analysis

deliverable
by William Davis

If you could look at your project’s risk register, then peer into a crystal ball and foretell which risks will occur sometime during your project’s execution phase, would that be helpful? And if you could tell your project sponsor, with 90% confidence, how much risk contingency you need to protect your project – would you be interested? Learn how to soothsay your risk register using a special Microsoft Excel® template to do risk analysis. Use this deliverable in conjunction with the Soothsay Your Risk Register article.

Statistical PERT® (SPERT™) Estimation Worksheet for Task Duration Forecasting

deliverable
by William Davis

This spreadsheet has worksheets showing the results of a Monte Carlo simulation on a sample project's work effort hours, and a companion estimate using Statistical PERT. This way, you can see how you can use just the built-in functions of Microsoft Excel to do probabilistic, risk-based estimation. Textbox comments have been added to the worksheets to aid in understanding. Use this in conjunction with the article Risk Management Starts Sooner Than You Think.

Corrective Action Request (CAR) Form

deliverable
by Sameh Nasr

Has your project deviated from the planned scope, schedule, cost or quality requirements? Need to get it back in line with your project baselines? Corrective actions can help; use this form to make a request.

Project Status Update (Presentation)

PREMIUM presentation
by Daniel Grzybek

This presentation template is a formal customer-facing status report used for medium to larger projects, or for reporting multiple projects with the same stakeholder audience.

Learn From Others

Picking Things Up Midstream

by Kenneth Darter, PMP

In a perfect world, you start working on a project when the project is initiated. However, we do not live in a perfect world. Sometimes, you need to be ready to start on a project when it is already in progress.

Protecting Project ROI for Project Sponsors

by Kent Lefner

It is critical that business leaders have the ability and courage to mitigate risk up front and actively monitor and act on project risks and performance as early warning signs materialize. Here we look at a framework to help business and project leaders actively, transparently and honestly monitor risk and issues through the entire project lifecycle.

Strategizing for Risk Mitigation: What Are Your Options?

by Mike Donoghue

How you react to unexpected events is important to reducing the detrimental impact they can have on your organization. There are a number of techniques in which your risk mitigation plan can be designed to help you soften the blows incurred when exposed to individual risks.

3.5 Steps to Effective Risk Management

by Bruce Garrod

Not all project teams have the luxury of adequate time and budget to clearly define all elements of a project prior to starting delivery. This is not to say project managers shouldn’t be very detail oriented, but rather look for a balance between building a detailed plan and the business need to quickly deliver.

More Changes to Risk Management for Organizations

by Kevin Coleman

Today, risk management is an essential tool that enables C-level executives and boards of directors to understand the level of risk to the organization, the distribution of risks that contribute to that total, and insights into how best to manage strategic risks.

Out-of-Control Risks

by Kenneth Darter, PMP

Risk management becomes difficult when risks begin to get out of control on projects. Learn when to recognize these out-of-control risks—and how to bring them back in line.

Cloudy with a Chance of Schedule Variance

by Byron A. Love, MBA, PgMP, PMP, CISSP

Effectively communicating schedule information in a VUCA environment can be very challenging, especially when powerful stakeholders create psychological schedule baselines based on preliminary estimates. There are commonalities between the challenges of forecasting project schedules and forecasting weather.


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Discussion Rules

Recent Questions

Topic Originator Last Post Votes Replies
What's the difference between Quality, Quality Management and Quality Management System  George Lewis  Sep 29, '16 12:29 PM 
What is IRMS (Integrated Risk Management System)?   Muhammad Imran Sharif  Sep 29, '16 7:30 AM 
How to work with conflicting demands?  Vincent Guerard  Sep 28, '16 8:26 PM 
Project SME's Draft  George Lewis  Sep 28, '16 8:22 PM  20 
Are public organization (Schools, government agencies) stakeholders harder to work with then private organization stakeholders?  Tobe Phelps  Sep 27, '16 3:53 PM 
What relevance does ethics have to business?   Paul Pelletier  Sep 27, '16 2:21 PM  11 
Work vs Life, how does a Project Manager maintain the proper balance?  George Lewis  Sep 26, '16 5:23 PM  42 
Manage priorities   Anupam Ganguly  Sep 26, '16 5:10 PM 
Project Manager a continuous learner?  George Lewis  Sep 26, '16 3:27 PM  49 
In the midst of a critical project, the company is in the process of being acquired. How will risk be managed in such a situation? Any broad guidelines.   thanala vish  Sep 26, '16 2:08 AM 
Project Contingency Reserve   Rami Kaibni  Sep 23, '16 12:16 PM  15 
Project Manager at U: Speaking Skills  George Lewis  Sep 23, '16 8:23 AM  10 
Have you used Edward de Bono's Six Thinking Hats in your projects?  George Lewis  Sep 22, '16 7:19 AM 
What's the recommended Mock Exams Passing Score before sitting for the PMP Exam?  George Lewis  Sep 20, '16 5:00 AM  92 
Murphy’s Law in Project Management  George Lewis  Sep 19, '16 2:41 PM  48 
what's your recommended way for PMI-RMP study and perpetration for Exam ??  Emad Abdelrahman  Sep 19, '16 3:34 AM 
How does quality management support your business operations?  George Lewis  Sep 16, '16 3:14 AM 
Has anyone used the ATOM (Actionable Threat and Opportunity Management) methodology?  Ed Tsyitee Jr  Sep 15, '16 4:13 PM 
Strategic Risk vs Operational Risk   Anupam Ganguly  Sep 15, '16 5:04 AM 
What will be the maximum exposure a project can absorb in order to remain profitable?  Zulk Shamsuddin  Sep 14, '16 5:50 AM 
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