Risk Management for Project Managers

There are few parts of project management that I would consider mandatory. But Risk Management is one of them. If you are committing someone else’s money, and hazarding their reputation, you need to be mindful of what can go wrong.
More than that; you need to manage the risks of failure, loss, and reputational damage actively. And that is what this eBook is about.
How Project Risk Management Will Make You a Better PM
Risk is inherent in the nature of a project. So, that makes project risk management a central part of the project management toolset that runs through the heart of project management. When you understand how projects work, you will increasingly use project risk management as your primary framework for controlling your project.
Indispensable Guide to the Sources of Project Risk
If you are taking on Project Management, you will need to come to terms with its necessary consequence: project risk. In this chapter, we’ll look at some of the sources of project risk and how to classify it.
Let’s do Better than Just Brainstorming: More Ways to Identify Risks
Any decent project process includes work to identify risks. For most of us, this is a simple exercise of getting a few people together to brainstorm a list of all the things that could go wrong. As a method for tapping into people’s store of experience and insights, brainstorming is ubiquitous. But its shortcomings are legion. So, let’s look at a number of alternative methods.
Guide to Simple Risk Analysis
Risk analysis is both easy and hard at the same time. Once you have identified your risks, you need to understand them. This chapter will give you the tools you need to assess you risks, considering them both qualitatively and quantitatively
Risk Response Strategies: Full Roundup
Risk response strategies are the basic ways you can handle project risks. They are also one of the areas of project management practice that the PMI updated in the 6th Edition of its Project Management Body of Knowledge (PMBoKⓇ). So, in this chapter we’ll examine the risk response strategies you have available to you, what they mean, and when you should use them.
How to Build a Robust Project Risk Culture in 8 Steps
A robust risk culture goes beyond having a strong basic risk management process. But the rewards for the extra work you’ll put in to build that culture are huge. Particularly for large, complex, or strategically important projects. The process for creating a robust risk management culture within your project can apply equally if you get a chance to influence your wider organization.
Summary