| Topic : Managing Projects in Economic Recession |
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Project Management ++
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Activity:
64 views;
last activity : 07 06 2010 20:18:09 +0000
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By making risk management part of your day to day operations.
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Prioritise your risks
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Risk communication
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If you want to have full benefit of Risk management, embed risk management in your project. Professional companies make risk management part of their day to day operations and include it in project meetings and the training of staff. Don't just ignore risk management thinking that the project will not invovle any risk. But it will in one or the other way. |
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I must agree with Ms.KAldeen and go one step further. Proper risk management involves upfront listing, timing, assessment, mitigation plans, implementation of mitigation steps, tracking the risk and closing it out with a lessons learnt aspect. More than anything else, the practice of reviewing the risks everytime the team meets. it should be constantly on the awareness of every one in the team.
Proper project risk management entails more than simply identification and analysis at the beginning of a project. Risk management must be integrated into the project plan, consistently applied, and clearly communicated throughout the life cycle of the project.
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As some risks have higher impact than others, make those risk your number no.1 priority. Use your guy feeling, objectively to set the criteria for the identify the high risk. Whatever prioritisation measure you use, use it consistently and
focus on the big risks.
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it is necessary to prioroties the risk and according to basis of priority we have to treat the risk one by one , all risk are not related to loss , as we know that risk is the reward of entrpreneur so always ready to accept the risk and try to get benefit from them
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Communicate about the risk with your team members as most of the project fail because the manger wasn't able to communicate the risk he notice in an effective manner. By making project risk part of your team meeting, make project risks part of the default agenda.This shows risks are important to the project manager and team members and also for the project they are invovled in. |
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