Monday, December 08, 2014
There is no such thing as a risk-free project - but that doesn't mean you should worry!
In such instances, what is important to remember is this: there is no such thing as a risk-free project - never. Not even if you had pretty much unlimited time, money and people. Even then there will always be some risks.
But don't worry! This is not a problem. Don't panic if you identify risks - just manage them.
Identify risks, document them, understand them, understand their triggers and outcomes. Find out when they could happen in the project. Determine how likely they are to happen and what the level of impact could be. Then make a plan to mitigate them, assign someone to manage that plan and monitor it. Create a risk register and review it.
And if you haven't implemented a risk register before, then look out for my next post and I will publish the standard template which I use on all my projects.