Following these five tips will go a long way in assuring successful project delivery.
- Rather than skip risk management, scale and tailor a process to your project needs. Completing the exercise will help you more easily identify responses when unidentified risks occur later in the project.
- Document your process in a robust risk management plan. Frequently this document, once completed, is reusable and updateable, so there is no need to start from scratch on the next project.
- Focus on opportunities as well as threats. A well-identified opportunity can help make up for any planning or other weaknesses.
- Don't worry if there are many identified risks. Always focus on the highest priority affecting current work, usually only 5-10.
- Follow processes for analysis and risk response planning. A process will help avoid bias and groupthink, achieving better outcomes.
Do you have a risk profile for your organization? If not, please see 4 Critical Terms for Determining a Risk Profile.
Want to learn more about how to integrate these practices into a project methodology? Check out our Micro Guide to the PROJECT Methodology.
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