Project Risk Management

Purpose

Benefits

Who needs a Project Risk Management Service

 

Purpose

In all endeavors risks and opportunities exist as a fact of life. Some project risks are known understood and quantified, some not yet understood and others are unknown. The greatest risk of all is not understanding the project risks you are taking. Without some objective project risk analysis you cannot understand the implications of the decisions you are making and if they are in line with your organization’s risk tolerances.

The purpose of the Project Risk Management Service is to engage the proposal or project team to ensure specific project delivery risks are identified, risk response plans are put in place and all project risks are properly managed, using best practices.

Benefits

  • Independent objective assessment of project risks
  • Structured and pre-planned workshop with participation from the core team to identify and assess the risks based on the probability and impact
  • Allows the team to address the most important risks early in the cycle
  • Assess expected value of the total cost of all risks
  • Project risk log set up for risk management through the program lifecycle

Who needs a Project Risk Management Service

Project Risk Management Service is recommended for custom programs with some of the following attributes:

  • New projects or ventures starting
  • Projects defined as high or very high risk
  • Geographically dispersed programs
  • Multinational teams
  • External partners delivering a substantial portions of programs
  • Delivering projects to external customers
  • Global Programs
  • Business critical solutions
  • Dynamically changing organizations or environments
  • Project team is inexperienced for the size and complexity of the program