This video provides you with additional references and resources you can utilize to expand your knowledge and abilities in managing risk on your projects.
- I hope you found some useful tips from this course. Performing risk management properly can easily become a make or break proposition for your project so it's important you learn as much as you can about this critical topic. To get even more information on managing risk I encourage you to check out some very insightful books. Risk Management: Concepts and Guidance, Fifth Edition by Carl Pritchard is a great book that addresses risk concepts that can be applied to any project.
Waltzing with Bears: Managing Risk on Software Projects by Tom DeMarco and Timothy Lister along with Managing Risk: Methods for Software Systems Development by Elaine M. Hall are good references for handling IT based projects. The Project Management Institute at pmi.org has also published a Practice Standard for Project Risk Management. The government of the Australian state of Tasmania also has great risk management tools available online.
With these and other resources that I have listed in the reference document in the exercise file you can learn more about managing project risk and in turn increase the effectiveness of your projects. Let me share some final tips with you. First, the best source of risk management knowledge will always be people with experience managing projects in your industry and with your clients. Talk to them and ask for their insights and assistance. Second, as you develop and manage risk plans make sure to write those plans down as well as what risks actually occurred and how well your response plans worked or didn't.
That will help you reference them for projects down the road. While you may think you'll remember those events you're likely to forget some of the more detailed items. Third, create a repository of your risk plans from all of your projects. This will become your go to source for accumulating and increasing your risk management prowess. I hope you've picked up some gold nuggets from watching this course. Above all else if you manage risk well as a project manager you're ability to deliver projects successfully will soar.
Note: This course follows the latest guidance from Project Management Institute, Inc., as outlined the PMBOK® 6 Guide.
- Explore why dealing with risks needs to be part of the everyday process used to manage a project.
- Learn to outline the most common, pragmatic approaches to identifying risks specific to a project.
- Recall methods for qualifying and quantifying your risks to determine specific risks and manage their costs.
- Examine the primary considerations for a project risk plan and what components should be included in every plan.
- Assess techniques that help you identify the overall risk a project presents to your business.
- Examine several risk analysis and filtering examples that help ensure you've addressed individual risks properly on your project.