Techniques to help manage risks

Last updated Jun 5, 2023

If you can manage Change, Tasks dependencies, and Scope creep other types of risks become much easier to manage.

If your dependencies are met on time, your team is less likely to fall behind schedule. If your scope is tightly-managed, you’re less likely to incur changes to your budget or be forced to extend your timeline.

Links:

• Risk management
• Risk exposure
• Tools to identify risks

• Resolved
  • Consider the risk to be addressed. It’s no longer a problem
• Owned
  • Assign a team member ownership of a the risk and monitor the risk through to completion.
• Accepted
  • Understand and accept the risk for what it is, because it can’t be resolved.
• Mitigated
  • Formulate a plan to eradicate the risk.