The word “risk” was used several times throughout the reading assignments this week. Risk planning involves decision making strategies established to determine if a company should pursue a project. There are several factors involved in risk analysis that is used by companies. Those areas of consideration would involve: scheduling, budget management, the allocation of resources, and the availability of skilled personnel. There are steps that can be followed to look at the processes that form the planning stages of risk management.
A charter can be used to establish the priorities or parameters used with the functional teams. Guidelines are used to establish limits to ensure that the established priorities of the project are in alignment with the strategic goals of the company. Contracts are used to define external roles and responsilbilities. The project tasks are presented for review to assess whether or not immediate risk is apparent. Risk maybe assessed during many entry points in this process. The development of a comprehensive risk management plan can be an extremely detailed yet beneficial process.
The word “risk” was used several times throughout the reading assignments this week. Risk planning involves decision making strategies established to determine if a company should pursue a project. There are several factors involved in risk analysis that is used by companies. Those areas of consideration would involve: scheduling, budget management, the allocation of resources, and the availability of skilled personnel. There are steps that can be followed to look at the processes that form the planning stages of risk management.
A charter can be used to establish the priorities or parameters used with the functional teams. Guidelines are used to establish limits to ensure that the established priorities of the project are in alignment with the strategic goals of the company. Contracts are used to define external roles and responsilbilities. The project tasks...