Project Risk Management Basics

The purpose of Project Risk Management is to identify project risks and develop strategies to prevent them from occurring or minimize their impact to the project if they do occur.Project risks exist because of uncertainty. There is always the possibility that something known or unknown ...

10 Golden Rules Of Project Risk Management

The benefits of risk management in projects are huge. You can gain a lot of money if you deal with uncertain project events in a proactive manner. The result will be that you minimise the impact of project threats and seize the opportunities that occur. This allows you to deliver your proj ...

Practice Standard for Project Risk Management

The Practice Standard for Project Risk Management provides a benchmark for the project management profession that defines the aspects of Project Risk Management that are recognized as good practice on most projects most of the time.The Practice Standard for Project Risk Management cove ...

Risk Management

What could possibly go wrong? As a project manager, it’s your job to know that, as well as each risk’s probability and impact. There are many tools and techniques available to plan for and evaluate risks and how to mitigate them. Rel ...

Non-written communication in project management

Non-written communication plays a big role in our success as project managers. Whether we need to inform, persuade, or inspire others, we need skills to help us be effective doing that. We can learn those skills, but we have to practice them, and also teach others about ...

Optimal resource allocation for projects

Out of the opportunities available management must decide which ones will be pursued and how many resources will be assigned to each. Usually, these opportunities (projects) are evaluated for economic feasibility, and then the favorable ones pursued. Several questions a ...

Managing human resources in project management

Project management has been based on a wide range of authority for the project manager. Project expediter, project coordinator, matrix project manager, and line project manager represent increasing degrees of authority. Underlying these organizational approaches to project management, howe ...