Project Management - Basics Methods Tasks: Risk management in 5 steps



Previous Part Next part



We make the Working World more Human and Ecological, so we donate Revenue for Certified Reforestation. As Publisher Best of HR - Berufebilder .de® with an unique Book Concept, on-demand eCourses and News Service we share 15 years of Experience with our Customers (Samsung, Otto, State Institutions). By the Top20 -Blogger Simone Janson, referenced in ARD, ZEIT, WELT, Wikipedia .
Reprint: This text is from the book "Das neue Projektmanagement: Methoden, Techniken, Tools, die besser funktionieren (2014) " from Andrea Ramscheidt, published at BusinessVillage Verlag, and was left to us for reprint.
Copyright: Artwork created as part of a free collaboration with Shutterstock. ,

There are no projects without risks. It is therefore important to carry out a risk analysis for each project as early as possible, at best during the planning phase of the project, and to establish a risk management for the project.

Project Management - Basics Methods Tasks: Risk Management in 5 Steps Risk Management

Tip: Text as PDF (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!


More knowledge - PDF download, eCourses or personal advice

Here writes for you: Andrea Ramscheidt is an expert in project management processes in companies. Profile

From the author:

Best of HR Berufebilder

Read


Best of HR Berufebilder

Read


Best of HR Berufebilder

Read


What is the effect of risk management?

Overview

Risk management is a very powerful project management tool, which is really easy to use. I am always amazed at the small number of those who answer my question, who is running risk management for my project by my seminar participants. Only individual participants usually register.

Tip: Text as PDF (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

This is a real shame because a study that examined the potential and importance of project management from the perspective of top management confirms, within the framework of its results, that companies that successfully manage projects are very important to their risk management.

The 3 pillars of risk management

Overview

The project business holds a high risk potential. Therefore, risk management is an important task for you as a project manager.

  1. Risks are possible events that can jeopardize the achievement of key project objectives (time, scope, budget, quality).
  2. Risk management is a continuous process that is carried out during the whole project life cycle.
  3. Risk management is the proactive way to avoid problems in the project as far as possible before they occur.

Possible measures for each risk are identified in order to:

Overview

  • to prevent a risk,
  • to reduce the probability of occurrence of the risk or the scope of the effects of an occurrence of the risk,
  • with the effects of the risk entered.

3 Steps to Risk Management

Overview

What kind of measures is defined for the risks is to be defined in a project-specific manner.

  1. Identified risks must be monitored regularly to identify changes in the risks themselves, the risk parameters or the necessary measures as early as possible.
  2. The implementation of risk management in projects is an essential one success and is started in the early stages of a project. Start early on in the project to identify sources of risk for your project. Risks can be identified from these sources of risk and further categorized if necessary.
  3. In order to identify possible sources for project risks, all relevant stakeholders should be involved, all processes should be considered and all framework conditions should be considered.

Identify risks in good time

Overview

When identifying risks, it is important to ensure that, on the one hand, there are not too many risks, and not too few risks are documented. It has to be considered at every possible risk, whether it is actually a risk or possibly only incidental occurrences in projects.

Tip: Text as PDF (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

A typical risk, which is gladly accepted, is the possible illness of employees. This can be a risk if it is an indispensable and difficult to replace key staff. In most cases, however, it is not a particular risk, since short-term employee defaults can generally be offset.

Even if practically no impact of the possible risk can be described, you should ask yourself whether it is really a risk. When recording and evaluating risks, it is also important to ensure the risks to which stakeholders are to be made known. Good risk management requires clearly defined project objectives.

Risk management in 5 steps

Overview

Possible risk management strategies are:

  1. Avoid risks
  2. Risks or their effects
  3. Accept risks
  4. Risks
  5. Observe the risks

Risk management is usually carried out in five steps:

Tip: Text as PDF (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

  1. Initiate risk management
  2. Identify risks
  3. Analyze risks
  4. Define measures
  5. Monitor the risks

Planning of risk management activities in the project

Overview

A further step is the planning of the risk management activities in the project. Plan a revaluation of the risks at regular intervals.

They determine who is actively involved in risk management. Do not forget to plan and take into account the risk management effort.

Information sources

Overview

To identify potential risks, you should use all available sources of information. This includes, for example, the project structure plan and the scheduling of your project, project contracts or the Lessons Learned from completed similar projects.

Tip: Always identify risks together with your project team and relevant stakeholders. If you identify project risks at the beginning, there is a risk that you will not have an overview of all the technical aspects or that other project participants could contribute more or different experiences. Different people usually have more and better ideas.

Tip: Text as PDF (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

List project risks

Overview

You do not have to create the list of project risks exclusively during a project meeting. You can also ask all or part of the project staff to advise you of possible risks eMail to send. Other sources of identification are your project planning documents, contracts, etc.

You can also create a generic risk list that contains typical project risks. You can also extend the generic risk list over time to include project risks from other completed projects. This provides you with a basis that you can use for the risk analysis of all your projects.

risk identification

Overview

The result of the risk identification is a list of possible risks with a risk description.

Example: Generic risk chart

Tip: Text as PDF (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

  • Co-operation customer
  • Know-how customer
  • Language
  • project communication
  • customer Availability
  • Conflicts or different interests with the client
  • Availability of employee resources
  • Underestimated expenditure on implementation
  • Dates that can not be moved, for example SEPA conversion
  • turnover
  • Overloading the project leader

The risks mentioned are collected in the project risk list. In the first step, the risks are not yet assessed. As a result, a number of risks may be taken up which will be removed in the later evaluation because they are redundant, irrelevant or insignificant.


More knowledge - PDF download, eCourses or personal advice

Overview


Offline download: Download this text as PDF - Read usage rights, Because we do not automatically submit the title of this text for privacy reasons: When buying in "interests" the title register if support is needed. After buying text exclusively Download at this URL (please save).

3,35 Book now


Your eCourse on Demand: Choose your personal eCourse on this or another desired topic, As a PDF download. Up to 30 lessons with each 4 learning task + final lesson. Please enter the title under "interests". Alternatively, we are happy to put together your course for you or offer you a personal regular eMailCourse including supervision and certificate - all further information!

16,20 Book now


Consultant packages: You want to increase your reach or address applicants as an employer? For these and other topics we offer special Consultant packages (overview) - For example, a personal phone call (price is per hour).

149,99 Book now


occupations pictures

You want to comment here? Please the Debate Rules comply, contributions must be unlocked. Your eMailAddress remains secret. More information on the use of your data and how you can counter this can be found in our privacy policy.

  1. To follow debate on this post
  2. All debates follow
  1. Sarah

    RT @KanBoDACH: Project management, but right - Part 4: Risk management in 5 steps - - Exciting contribution5HXT2B85lo

  2. KanBo D / A / CH

    Project management, but right - Part 4: Risk management in 5 steps - - Exciting contribution5HXT2B85lo

  3. TimO - GmbH

    RT @Playable: #Project management, but correct - Part 4: #Risk management in 5 steps - Exciting contributionIiAPQqEljH via @berufebilder

  4. Andreas Radiomacher

    RT: Fagro_EN @Fagro_EN: Risk Management in 5 Steps: - Exciting contribution2d2JiC1FLk #Project Management #Success

  5. Fagro_DE

    Risk Management in 5 Steps: - Exciting contributionZzTopMYWVl #Project Management #Reg

  6. PM made easy

    Project management, but right - Part 4: Risk management in 5 steps - Exciting contributionO8mqYDGIB6

  7. Competencepartner

    Project Management, But Right - Part 4: Risk Management in 5 Steps: Preparing for ... - Exciting contributionJDmrZgle5F #Creation #Education

Post a Comment

Your email address will not be published. Required fields are marked with * .

JaI would like to be regularly informed about the latest promotions & offers Newsletter be informed.

I hereby accept the Debate Rules and the Privacy policy with the possibility to contradict the use of my data at any time.