Seven Risk Management Habits for Successful Projects
The evidence of successful projects is everywhere in the form of smooth highways, soaring skyscrapers, and successfully launching rocket ships. Perhaps more noticeable, however, are poorly executed projects that cause universal frustration in the form of never-ending road construction, delays at the airport, or empty lots.
What makes one project successful and another fail? The answer often lies in the way project risks are managed.
All projects are affected by risk, which is simply the effect of uncertainty on the project’s outcome. Uncertainty that is unplanned for and unmanaged can add time, cost, and scope to a project – or derail it altogether.
Successful projects – regardless of industry, organization, or type – have a few things in common. They share a similar set of processes and procedures for managing risk and opportunity. While no two projects are exactly alike, establishing good habits for managing project risks will give you a foundation to anticipate threats and prepare a response for surprises that that arise in any project.
This ebook details seven habits that will help you manage project risks to stay on track for successful completion.
Contents:
Habit 1: Develop a risk culture.
Habit 2: Identify risks.
Habit 3: Maintain a single source of truth for risk information.
Habit 4: Consider the impact of each risk.
Habit 5: Communicate clearly.
Habit 6: Find the story in your data.
Habit 7: Learn from your experience.
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