By Chris McDonald Wed, Sep 16, 2020 @ 17:09 PM
If you are an inexperienced project manager, there are risk management facts you don't want to learn the hard way.
Perhaps the most important thing about risk management is not skipping steps to save time. There is absolutely no easy way out of risk management. You should never take the probability and impact assessment of risks lightly.
If you are hoping to undertake adequate risk management, there are a couple of don'ts you should know about.
By Chris McDonald Wed, Jan 15, 2020 @ 17:01 PM
Please note that we've updated this blog post! Please see the current versions: "The Importance of Risk Mapping" and "How to Build a Risk Map".
A risk map prioritizes a particular identified risk according to its significance and likelihood and further goes on to sort the risk into four distinct quadrants. The purpose of a risk map is to identify, quantize and qualify a group of business risks which could impact a company’s ability to accomplish its business strategies.
Obviously a risk map is complex business and you need to know how to go about it.