Project Management Stack Exchange
Project Management Stack Exchange

Questions tagged [risk-management]

This tag is about documenting risk, handling risk, risk estimations, cross-team project risk, and any other risk that may affect the outcome of a project.

This tag is about documenting risk, handling risk, risk estimations, cross-team project risk, and any other risk that may affect the outcome of a project.

Some great questions that have been asked under this tag include the following questions:

What is the Procedure For Handling High Risk Involving Another Team's Conflicting Goals?

How to manage employees leaving the company?

How to manage risk of most technical client contact going on leave

Reassuring boss that our product will be one step ahead of competition...

118 questions
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Risk Management: How do you overcome risk resistance?

We know that risk management touches every PM process, from planning through execution through closing. It is taught in the most basic of PM classes and, if you were to ask, most would likely indicate its importance to project success. However, in…
David Espina
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Assumptions and Constraints and Risk Management

How do you deal with assumptions and constraints and managing risks? Do you consider assumptions and constraints risks themselves or drivers of risks or not risks as all? Why or why not? I know this is bit of a polling question without necessarily…
David Espina
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How to formulate risks well for risk analysis?

If I have to formulate goals for a project there's the well established S.M.A.R.T. paradigm. It helps to have goals at the end, from which necessary actions can be easily deduced. It prevents from having goals which can be interpreted differently…
Ariser
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How to handle costly risks?

In general risk costs are not estimated as part of the initial estimates. How do you handle these costs? Through Change Requests? Any other thoughts on these costs? What is the best way to communicate these to Senior Management and Sponspors?
Sreedhar Nadadur
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How to manage risk of most technical client contact going on leave

I'm 6 weeks into a 15 week website/ web development project with a non-profit organisation. With this client I deal with the internal IT manager a key administrative assistant an in-house designer the CEO The internal IT manager is the most…
jdog
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Is a "business as usual" issue a project issue?

There is a major replacement/upgrade project in flight. The project touches on a number of existing systems that are not being upgraded some of which have business as usual issues e.g. lack of support, unauthorized installations, etc. It is unknown…
Motivated
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What procedures do you follow to manage risk?

I was wondering if this question has an answer that could help me. What procedures do you follow to manage risk? They don't have to be perfect answers, but something in couple of sentences so I could get an idea or guide me in the right path.
dfsdfsdf
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Development buffers and risk factors

How do you plan on risks when working on the project detailed plan? I assume you add to the plan vacation days for each resource (even though they may not have requested leave at this point), you plan sick leave days, time for meetings attendance…
Diana
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How to set and mantain a risk checklist for a set of software development projects in a medium-sized company?

Considering risk identification as an important part of project planning, and if working in an environment where projects are quite similar, having a checklist with a set of standard risks to be analyzed before opening every project could be a…
Project Shepherding
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How should you handle a risk when the only mitigation or contingency you can come up with is not on your hands?

I had a risk for a software project that had to do with something I could not control. That was (really long delays on delivery of the hardware). I work on a big company where IT has it's own budget and projects, and of course priorities. The…
apacay
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Action Trackers, Risk and Issue Registers, Schedule

There is a lot of discussion around maintaining different types of trackers or registers to monitor and control project activities, risks, issues, sub-projects, various tasks, and whatever else of interest to various stakeholders. However, I am…
David Espina
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ISO Requirement for Risk Acceptance

ISO seems to suggest that there needs to be a risk initial/residual exposure threshold where, if exceeded, there needs to be evidence of "acceptance" by someone with approved authority. The ISO auditor opined that a data element could be established…
David Espina
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What is the best approach to handle a project with different sub projects?

I am currently handling a project. In the implementation phase of the project, they have 2 business units. the first BU is responsible for the technical requirements, the second is for the admin like billing, etc. From my company's perpective, we…
user614
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What is risk mitigation?

I have to report risks and fill out the field "mitigation". What does risk mitigation normally mean: reducing the likelyhood/probability or the impact?
Bastl
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When does a PM create a RAID log

Got a few questions on RAID (Risks, Assumptions, Issues, Dependencies) and RISK registers. In what phase of the project does a PM create a RAID log? I am assuming it is during the planning phase. is it correct? Does a RAID log a way of RISK…
Ayusman
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