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11 Top Tips to Manage Project Risk

elevenIf you have time to fix problems that come from lack of risk planning, you have time to plan for risk and avoid the problems altogether! It’s from this standpoint that an article from PM Hut is presented: you need to deal with project risk effectively, and to do so you should follow these following tips:

1.    Identify risks early

2.    Assess risks

3.    Communicate

4.    Make plans

5.    Accept the risk (if plausible)

6.    Avoid the risks you can

7.    Minimize through mitigation

8.    Share risk responsibilities

9.    Monitor ongoing risks for status changes

10. Strict control and management

11. Utilize lessons learned

All of these tips are important for creating a project risk process which is both powerful and “easy” to implement (easy, in this case, meaning possible to create and sustain within an organization).

About Matthew Kabik

Matthew Kabik is the former Editor of Computer Aid's Accelerating IT Success. He worked at Computer Aid, Inc. from 2008 to 2014 in the Harrisburg offices, where he was a copywriter, swordsman, social media consultant, and trainer before moving into editorial.

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