Tag: Risk Management

Assessing Your Risk Management Procedures Effectiveness

- Alphius White, Bellevue University MPM Student The key here is to effectively manage the risks so that those risks that pose a threat to project success are mitigated but also so that those risks that might present new opportunities, such as a better deliverable, quicker or at lower cost, are identified and acted upon. It's ...

Holding All Stakeholders Accountable for Minimizing & Monitoring Project Threats

- By Stephen Lyman, Bellevue University MPM Student Although a risk officer may contact team members about risk-related tasks that have been ignored or gone overdue, a project manager is ultimately responsible for keeping team members focused on the right activity. For their relationship to work effectively, risk officers and project managers must coordinate the efforts ...

Some Reasons Why Projects Fail

- By Dr. Emad Rahim, PMP, CSM Rapid globalization of business means organizations must significantly increase its capacity to accurately manage information and data. In response to this growing capacity demand, more discussion is needed to develop effective project management processes and approaches. Many new product developments are cancelled before completion and never implemented. Researchers ...

The Benefits of Risk Management Planning

- Dr. Emad Rahim, Kotouc Family Endowed Chair of PM Center of Excellence A risk management plan ensures that risks are managed properly. The goal is to reduce impact of negative risks and to increase the impact of opportunities. The risk management plan provides a tool for reporting risk to senior managements as well as the ...