Register Real Risk

Home
[ Login/Subscribe ] 
Features Departments PPM Tools Executive Report Resources About Us

Home  >  Departments  >  Methods & Means
Register Real Risk
David Hillson, PMP   (February 25, 2009)





Keep “business-as-usual” risks out of your project risk register, and use it to record real threats and opportunities, along with what you plan to do about them.

One frequent complaint about many project risk registers is that they are filled with “risks” that will be addressed in the normal course of events. For example, a software development company may be undertaking a project to produce a new system, with an integration step towards the end of the project. Should the Risk Register include a risk that “errors might be found during integration,” or is this just a typical technical challenge faced during this type of project?
 
While it is true that projects are risky ventures that require uncertainty to be identified and managed proactively, it might be a mistake to include every uncertain task in the Risk Register. If this were the case, there could be a risk for every activity in the project plan: “Activity A might fail” or “We might have problems with Activity B” or “Unexpected problems might occur with Activity C.”
 
How should we handle these types of “business-as-usual” risks?
 
All risks share three essential characteristics:
 
1.       They are in the future and have not yet happened
2.       They are uncertain and might not happen
3.       They would matter if they did happen
 
However, some of our planned project tasks also share these characteristics.



Please login/register to read the entire article.





Sponsored Announcements and Special Offers
Project Management Software That Breaks the Mold - Is your team is struggling under the weight of outdated schedules, multiple spreadsheets, and mountains of email? Get organized, get visibility, and save up to 3 hours a day with LiquidPlanner. Scheduling has never been easier with drag-n-drop prioritization that fits the way YOUR team works. Free for 30 days.

Resource Planning Summit, Sept. 19-21, 2010, La Jolla, CA - Resource Planning is HOT today! Opening Keynoter Mike Hanford, Research Director at Gartner, will describe why, and what firms must do about it. Nine industry speakers will describe the startling results they have achieved. If you have anything to do with resource management, register NOW!

ProjectWorld® & World Congress for Business Analysts® is the premier conference for advancing collaboration through practice. The high level content cannot be found at any other industry event because it stretches far beyond the fundamentals to provide leadership, strategy and enterprise wide information - exactly what you need to be more valuable to yourself and your organization.

Are you ready to gain the highest recognition for a BA and apply the best practices defined in the Business Analysis Body of Knowledge®? Let us help you prepare for Certified Business Analysis Professional® certification with our CBAP® Exam Prep Course. We also provide CBAP® Application Workshops (free webinars) to help you successfully get approved for the CBAP® application.

Are your Business Analysis Skills Current? Business analysis is not just about IT requirements anymore. Organizations are looking for a new breed of professionals to bridge the business and technology gap with value-centric solutions. Develop the fundamental skills and best practices you need to stay ahead of changes in your field with our business analysis training offerings.




@task
BAM! BA Newsletter
BAMentor
IIL
Keller Graduate School
LiquidPlanner
Management Concepts
Microsoft
PM War Stories
PPM Executive Newsletter
Resource Plan Summit '10
RMC Project Mgmt
Stanford University
Walden University

September 2010:

What are the main reasons that projects fall behind schedule?



Copyright © 2010 projects@work  All rights reserved.

Privacy Policy    Contact Us    User Agreement