Risk planning…most tell you they hate to spend time on it and often just do a cursory amount of real risk planning. We often find that it’s easier to act now and ask for forgiveness later. Risk planning is like life insurance…great if you need it, but most of us don’t need it before it becomes too expensive to have or we really don’t need it anymore…and all we’ve done is spent hundreds of thousands of dollars on premiums that will never be used. Ouch! I think most project customers would probably agree as well – while grimacing at the thought of their hard-earned dollars floating away when the indestructible Titanic hits that iceberg that no one saw coming.
While it is true that it’s almost impossible to avoid all issues and risks on a project, it is possible to practice wise risk management to either avoid most risks or be prepared to mitigate those risks that cannot be avoided no matter what. Let’s consider some simple steps to follow – some risk management best practices to engage in – during the early phases of your project that can greatly increase your project’s chances for success and minimize risk impacts...
While it is true that it’s almost impossible to avoid all issues and risks on a project, it is possible to practice wise risk management to either avoid most risks or be prepared to mitigate those risks that cannot be avoided no matter what. Let’s consider some simple steps to follow – some risk management best practices to engage in – during the early phases of your project that can greatly increase your project’s chances for success and minimize risk impacts...
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