Templates and Tools for Managing, Minimizing Project Risks

John Storts
Slide Show

How to Effectively Manage Project Risks

Manage project risks in five steps.

Every project comes with risks. Budget limitations, headcount issues, security vulnerabilities and time crunches are just a few factors that can derail your projects or even cause them to fail.

 

You can minimize or even eliminate many of these using the templates provided by our IT Downloads contributors. Here are five of our most popular templates for identifying, documenting and communicating information about potential or active risks to your projects:

 

  • Risk Management Sequence Chart - This chart will help your risk management team through qualitative and quantitative analysis of the risks facing a project or business process.
  • Project Risk Process Form - This form provides a guide to the topics usually included in a risk management process, which aids in identifying, quantifying and managing risks during project execution.

  • Project Risk Plan - This detailed plan lays out the actions to be taken to prevent risk, as well as those that will reduce the effects of the risk, should it come to bear on the project.
  • Project Risk Form - This risk form is useful for alerting management to the possibility of a new project risk. This document provides a guide to the topics normally included in such a form.
  • Piloting Supply Chain Risk Management Practices for Federal Information Systems - This policy document is a starting point for a broader initiative to lock down your supply chain to outside and inside threats.


 

Don't let risks jeopardize your project success. Know what they are and have a contingency plan ready so the business can move quickly to address or avoid them altogether.



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