Project Risk Management

Risk is effect of uncertainty on objectives, and an effect is positive or negative deviation from what is expected (ISO31000). As per Project Management Body of Knowledge (PMBOK), individual project risk is an uncertain event or condition that, if it occurs, has positive or negative effect on one of more project objectives. Overall Project risk …

GOLDEN RULES OF PROJECT RISK MANAGEMENT

Risk Management is extremely critical on project and the benefits of it are huge. The result will be that you minimise the impact of project threats and seize the opportunities that occur. Also, your team members will be much happier if they do not enter a firefighting mode every time required to repair the failures that could …

Risk Management

How to avoid disasters and major risk on Project. Following are most important points to be noted 1. CommunicationCommunication among stakeholders is key. Right communication , at right time , to right stakeholders¬† make life easy . This enable awareness among all stakeholders 2. Under Estimated TimelinesPoor time estimates is another area we must look …