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Control Your Project

Managing Risk

These days, as more and more CEOs, CIOs and managers are personally on the hook for losses their companies incur, they need a strategy that assures they understand and manage the risks associated with every decision they make. Managing risk is not just essential for better-informed decision making and strategic planning, but is also necessary for optimal utilization of corporate resources.

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People, Process and Technology in Risk Management
- by Harvey Noyes (May 1, 2004)
There is a widening gap between the ability of the new technologies to deliver information beyond management expectations and the actual use of that data by management to make improved business decisions. This article focuses on building a culture of analysis and risk management.

The Space Shuttle Columbia Disaster: Clarity of Purpose and its Impact on Risk
- by Frank Winters (February 12, 2003)
NASA's space shuttle program serves as a case study in examining the relationship between clarity of mission and purpose and the determination of acceptable risk. Clarity of purpose is critical to the planning and management of programs and projects. There have been times when the mission of our space program was very clear, such as during the Apollo mission, and other times--including the present--when the specific purpose of each mission and the program itself has been less clear.

The Fraud Squad
- by Daintry Duffy (January 9, 2003)
When it comes to fraud, the CSO is responsible for detection, protection, prevention and recovery of all the organization's assets.

Project Management According to Napoleon, Part 5
- by Jerry Manas (July 2, 2002)
In this fifth article in a series of six, we'll be discussing Napoleon's thoughts on planning and risk management, topics that are central to his principles.

Quality Assurance and Quality Control--Powerful Tools of Risk Management
- by Frank Winters (July 23, 2001)
Just what we all need: more BS in our work lives. Basically Semantics, that is! Program Management and Project Management, Quality Assurance and Quality Control...it's all enough to make your head spin. Here's a crash course to help you stay atop the definition debate.

It's a Risky Business
- by Geoff Choo (April 16, 2001)
Software projects are risky . There are always issues that are out of your control. Before you let it get out of hand, eliminate the root causes of bad risk at the get-go. Don't let today's risks become tomorrow's failure.

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Risk Management Grid ( Evaluation Assessment - Example )
The Risk Management Grid is a technique to identify potential risk events that could impact one of more of the project’s Seven Win Conditions. Importantly, it also serves to decide how those events will be prevented or mitigated.

IT Risk Assessment Matrix and Template ( Template )
This risk assessment matrix is especially for IT projects. Make it your own.

Sample Project Risk Register Template and Guide ( Template )
The risk register records details of all the risks identified at the start and during the life of the project, their grading in terms of likelihood of occurring and seriousness of impact on the project, initial plans for mitigating each high level risk and subsequent results.

Risk Quantification
There are risks, and there are risks. This presentation shows you how to quantify risks to evaluate and determine what they can do to your project (and your career as a successful project manager).

Elements of Project Control
This presentation contains a chart of actions the project manager must take to keep a tight rein over a project.

Risk Evaluation Matrix ( Template )
Once you know which factors are considered risks to yor project, arrange these factors into a risk evaluation matrix. Don't worry. We'll walk you through it.



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"Life is to be lived. If you have to support yourself, you had bloody well better find some way that is going to be interesting. And you don't do that by sitting around wondering about yourself."
- Katharine Hepburn