• A project
• The Client
• Manager
• Team
• Goals
• Structure
• Projectplan
• Time
• Money
• Quality
• Information
• Organisation
• Risks
• Overview

 

 

Risk management in projects

 

The importance of risk-management should not be a big question when it comes to project management, because project management is in fact a professional way to control the risks of a project in the first place. The exercise of thinking about risks involving your project is a good way for a projectteam to really think about the project. When you finish your projectplan with the subject of risk control, you should have a good and complete plan because there has been thought about all parts of the project by all team members and ofcourse the projectmanager.

 

Analysing the risks

Here are the basic steps in setting up a good risk control system:

1. Name all the risks you and your team can come up with for your project.
2. Judge the probability a risks might occur.
3. Judge the consequences of the risks.
4. Combine the probabilities and the consequences.
5. Formulate the most important risks
6. Formulate countermeasures against those risks.
7. Formulate an actionplan on those risks.
8. Monitor and act on the risks using the actionplan.
9. Evaluate the risk analysis and make changes if necessary.

 

 

Follow up and update your risk management

Don't forget to monitor the risks and update if nececerry. Risk management is important, and should be dicussed within the projectteam reguarly. You could turn to a specific risk-manager to help you setup a good risk control system. There are various risk-models that can be found and you should look for a system that fits your goal, organisation, team and project.

 

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