Risk management

Success Problem

At any level, project managers and teams need be on a constant lookout for potential risks and plan to avoid or mitigate the impact of these risks, altogether. The common problem is the ignoration of the project opportunities.

Impact

An effective risk and opportunities management software helps project managers and teams to control effectively the projects through timely risk and opportunities identification and strategy alignment.

Recommendation

Project risks and opportunities management is the ninth project manager’s task group with the aim to mitigate the risks and to use the project opportunities. Project risks and opportunities management is more effective, if the risks and priorities are divided in event categories. This allows better clarity of the analyzed risks and opportunities and thereafter also better control and appraisal of the measures for risks mitigation and opportunities utilization. Project risks and opportunities can be structured according to the sources and impacts. For more details see: ISO 31000 Risk management - Principles and guidelines.

Category

• Risk & Opportunities