Risk exists in every phase of a project, and the project manager’s role includes managing that risk. Ken Lynch, founder and CEO of compliance software maker Reciprocity, offers a brief introduction to managing project risk. His concise article for PM Times outlines a six-step process for risk management and gives insights into agility.
Project managers should treat risk management as a continual activity.
Organizations must monitor projects for risk throughout the entire system development life cycle, so they can control potential impacts. A risk management protocol can ease the task of risk assessment and management. Such a protocol could include tools, templates and training and should become a component of daily management routines.
Risk management means identifying, analyzing, prioritizing, assigning, responding to and monitoring risk.
Identify risks by visualizing the completed project; analyzing similar past ...
Ken Lynch, an enterprise software start-up veteran, is the founder of Reciprocity, a maker of compliance software.