Basic risk management on projects hasn’t changed much over time. During the planning phase of any project, the project manager and team need to plan for risks. Plain and simple. Do we manage risk on every project? Sadly, no… or at least not in enough detail. Should we? Definitely. Risk management should be part of every project – even simple projects. Whether you give it an hour or you give it two weeks – risk management always deserves at least a cursory consideration on the project planning checkoff sheet. For detailed and high-tech projects, you will be gravely sorry if you don’t include an adequate amount of time for risk management. For any risk management process there are several key steps to consider as you plan for a successful project.
Document a risk plan
As the project manager, it is your responsibility to formally document (at the very beginning of the project) how you and your team – along with the customer’s help – will go about identifying, documenting and reacting to risks throughout the project. Gain the customer’s buy-in and sign- off and use it as the yardstick of reference as you move along in your risk management process.
Document a risk plan
As the project manager, it is your responsibility to formally document (at the very beginning of the project) how you and your team – along with the customer’s help – will go about identifying, documenting and reacting to risks throughout the project. Gain the customer’s buy-in and sign- off and use it as the yardstick of reference as you move along in your risk management process.
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