Risk management and “fire fighting” aren’t the same thing. Yet, many organizations continue to use the two interchangeably, because the only risk management strategy they possess is dealing with trouble as it pops up. Bart Jutte reminds us this is not the way to go, and give us the 10 golden rules of project risk management.
- Make risk management part of your project
- Identify risks early in your project
- Communicate about risks
- Consider both threats and opportunities
- Clarify ownership Issues
- Prioritize risks
- Analyze risks
- Plan and implement risk responses
- Register project risks
- Track risks and associated tasks
Risks exist at all times, not just when you see them. To prevent failure, make risk management a part of your project from beginning to end. In fact, never stop analyzing the risks, because preventing risks today will prove even more valuable in preventing future mistakes.