Join Bob McGannon for an in-depth discussion in this video Goodbye, part of Project Management Foundations: Risk.
The benefits of successfully managing project risk are substantial. As you manage more ambitious projects or projects involving more substantial organizational change your overall success will depend upon your ability to identify and manage risk. This also is true for projects involving process in cultural change. The more you focus on risk, the greater the set of experiences and risk references you can compile. This can enhance your foresight and allow you to forecast more risk possibilities putting you in a better position to address risks before they impact your project.
What I've covered in this course are the fundamental approaches to managing project risk. However, each project and organizational profile is different. The key is to allocate the time to address risk early in the project and make it part of your everyday management approach, especially when things go astray. If you take the time to ensure your whole team understands your approach to risk and is looking out for risk triggers, you have laid the ground work to successfully manage risk.
Focus on helping your stakeholders understand the risks that are present in the project and how they can help you. You will have made a major step towards successfully managing even risky projects. I wish you the best as you seek to manage risk on your projects. Each and every project presents you with new opportunities to refine and expand your knowledge and insight around risk. Think of it as a way to make your life easier versus an administrative burden and you will start to see risk management as the way to simpler less stressful projects.
I hope this course helps you manage your project risk so you can develop greater anticipation of what may happen on your projects and how you can address those happenings quickly. I hope this course helps you look back at your project experiences with fun memories of learning new skills and expanding your existing skills in success.
Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
- Incorporating risk management into your project
- Identifying risk
- Categorizing risks
- Performing qualitative and quantitative risk analysis
- Building a risk-response plan
- Deciding when to execute a risk-response plan<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.