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Project Risk Management: How-to guide (with tips)

Rebel’s Guide to PM

Risk management is a staple skill of project managers. As the project environments we work in get more and more complex, with greater levels of uncertainty and more transformative, disruptive projects, being able to deal with risk remains top of the list of desirable skills for managers in all areas of business.

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What Is a RAID Log and Why Should I Use One?

ProjectManager.com

Risks are a bit different than issues; risks are issues that haven’t happened yet. By identifying what risks are probable, you can prepare for them and have a response in place if and when they show up in your project. That’s called risk or issue management. Risks are the potential problems lurking in your project.

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What Is Project Risk? 7 Project Risks to Track

ProjectManager.com

Controlling risk is one of the most important areas of project management. Project managers need to know how to identify, track and mitigate project risk. Let’s learn what is project risk, some common examples and how can you manage it. What Is Project Risk? Get started for free today.

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What Is a Stakeholder Register? (Example & Template Included)

ProjectManager.com

Being able to identify them and their relationship to the project informs how to manage their expectations. A stakeholder register is a tool project managers use to capture and organize information about the stakeholders who impact the project they’re managing. Also, the contact information is collected.

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders.

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A Quick Guide to KPI Dashboards (Examples and Templates Included)

ProjectManager.com

Expecting everything to fall into place ignores inevitable risks and changes when abstract plans live in the real world. It’s advisable to focus on identifying these key metrics rather than cluttering the dashboard with unnecessary information. This helps management identify trends, which leads to more informed decision-making.

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Risk Mitigation in Project Management

ProjectManager.com

Risk is something every leader knows well. We all need to become comfortable with some risks. We are never going to eliminate all risks. What Is Risk Mitigation? It involves a process that we’ll explore in a moment but basically addresses the top risks in order to fully protect the project. Learn more.

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Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Your ERM program generally assesses and maintains detailed information related to strategy, operations, and the remediation plans needed to mitigate the impact on the organization. It is the tangents of this data that are vital to a successful change management process.

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How AI Enables Success for PMO and Strategic Portfolio Management Leaders Like You

You can leverage AI to help make informed and data-based decisions; automate tasks to boost efficiency and productivity; and proactively identify and mitigate risks to improve project success rates. The exponential growth of AI and its new applications is a game-changer.