Blog 6
What risk management boils down to is a way to ask, “what can possibly go wrong and how is it fixable?” Risk management tries to spot these problems early as opposed to having them catch people off guard during a project, once potential problems are identified it is then time to figure out which ones actually matter and to crate contingency plans for them. Whilst it doesn’t remove fear and uncertainty altogether it offers a level of comfort and gives less chance that a project can sent into a tailspin from one unexpected event. The first steps in addressing risk management is to identify the potential risks, have your team seek out trouble or pain points before they show up unexpectedly. Teams need to be thorough and search through multiple areas in their project to find possible risks, areas such as project scope, budget and schedule. This provides a team with list of possible areas that may become problems down the line, fixing these issues is a later step. Jotting down the...