Seven components of a Project Risk register

project risk registerINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE   Risks are uncertainties that are likely to affect the progress of a project either positively or negatively. As a Project Manager, you will always want to be on the lookout for risks that are likely to impact your project …
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How to perform Qualitative risk analysis for projects

qualitative risk analysisINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE             In my previous article, I have talked about the concept of Qualitative risk analysis for project. It has to do with analyzing your project based on the impact that it will have on your …
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Overview of Probability and impact assessment for projects

probabilityINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE Risk probability and impact assessment is a risk assessment technique that is used to evaluate the likelihood of occurrence and potential impact of the identified project risks.   The risk probability  and impact assessment factors are often ranked either as …
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How to handle urgent risks for projects

urgent risksUrgent risks are risks that require immediate attention.   When you need to handle risks that are likely to jeopardise your project, you need to attend to the risk based on their level of importance. You are expected to handle risks that has great impacts before the ones that has …
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Looking at Risk Data Quality assessment in Projects

risk data quality  Risk data quality assessment is a technique that involves the evaluation of the reliability of available data concerning a risk.   It always include examining the data obtained about a particular risk for the amount of data available, the quality of data available and the extent to which the …
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5 risk matrix criteria for project risk management

project risk management  Here , I want to talk about numbers that you can use to present risk matrix for your project. Follow me as we look at this indices together in this article.   Five…. If a Project has a risk matrix of 5, that means if such risk occurs, it …
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The concept of Qualitative risk analysis for Projects

qualitative risk analysisINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE Qualitative Risk Analysis is the process of determining the probability of occurrence and the impact of identified risk by using logical reasoning where numerical data is not readily available. Here you don’t have data to work with. You are relying …
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How to identify Project risk and Triggers for Projects

Image result for image of akwa ibom flyoverINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE When we talk of risk triggers, they are signs that a particular risk is about to happen. Every risk has trigger. We all know what normally happen when it is about to rain ? It is just like a particular …
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The external risks that can affect project success

external risksINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS In my previous articles, I have talked about some of the risk that can affect projects. This include technical risk, quality risks as well as project management risks among others. in this article, …
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Risk Categories: Project organisational risks for projects

organisational risksINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS   In my two previous articles, I have talked about business risks as well as technical risks that can affect projects. In this article, I want to look at organisational risks that …
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Risk categories: Project Management risks for projects

project management risksINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS In this article , i want to look at Some of the risk in project management risks category that can be classified as project management risks. I will also attempt to provide …
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The concept of Technical Risk in Project Management

technical risk  INVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS In my previous article, I have talked about the concept of Risk register in project management. In this article therefore, I want to begin to look at different categories of risks that …
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The concept of Risk Register in Project Management

Risk registerINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS   The Risk register is a document that identifies and categorises risks, potentials responses , and their triggers, or warning signs.   If risk categories are changed for example, the risk register …
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The proper use of Influence Diagram in Project Management

influence diagramINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS   An Influence Diagram is a visual representation of a decision situation in Project Management. The Diagram help Project Managers to make appropriate decision when they are planning for Project risks. The …
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Three types of diagramming techniques for projects

diagramming techniquesINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS   In this article , I want to talk about three types of diagramming techniques that you are likely to come across as a project manager while dealing with project risks. It …
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Assumption Analysis in Project Management

assumption analysisINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS Assumption analysis is the process of validating the assumptions made during project planning .   It involves documenting the assumptions made during project planning and then determining the risks that may be …
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The use of checklist analysis in Project management

checklist analysis  Checklist analysis is the process of systematically evaluating the pre-created checklists and developing a checklist based on relevant historical information that you have from past projects.   It serves as a standardised way to identify risks and is applicable to any process or system including equipment and human issues. …
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The concept of Documentation reviews for Project risk management

documentation reviewsINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS Documentation reviews are the structured review of the project plans and related documents that are conducted to improve the quality of the project documents.   SEND BULK SMS FOR FREE WITH SENDPULSE. …
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Two types of interview method for project risk managers

interview method  INVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS In this article, I will be looking at the two types of interview methods that you can use as a project manager to identify risks that are likely to affect your …
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4 information gathering techniques for Project Managers

information gathering techniquesINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS In this article, I want to look at some of the information gathering techniques that project managers can adopt in order to assist Project Managers in identifying risks for the project. Follow …
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The concept of Risk Trigger in Project Risk management

Risk triggerINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS It is one thing to identify all the risks that you are likely to encounter while executing your project, it is another thing to have risk trigger in place that will show …
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How to create a risk management plan

risk management planINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS In this article , I want to focus my attention on how Project Managers can create Risk management plan. Having a good plan in place will ensure that your project deliver on …
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Three level of risk tolerance for projects

toleranceINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS There are three levels of risk tolerance as far as risk pertaining to any project is concerned. That is exactly what I want to discuss in this article. Follow me as we …
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The concept of risk tolerance in project management

risk toleranceINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS Risk tolerance refers to the level of risk acceptable to a project manager  or key stakeholders when the investment is compared to the payoff. That means the risk tolerance is the amount …
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The concept of Risk analysis in Project Management

risk analysisINVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS Risk analysis can be defined as the evaluation of the probability and impact the occurrence of a risk can have on a project.   Risk analysis is typically conducted through either qualitative …
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The concept of Risk Breakdown structure in Project Management

INVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS Risk breakdown structure is a hierarchical arrangement of identical risks that help project managers to organise potential sources of risk to the project.   Risk breakdown structure is just a way by …
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Ten major components of Project risk management

INVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS In this article , I will be looking at the ten major components of project risk management . Follow as we look at this concept together in this article.   #1: METHODOLOGY …
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The concept of Risk management Plan in Project management

  Risk management plans are documents that describe the team’s approach to management risk that arose from the project.   Risk management plans determine the methodology , approaches , and tools that will be used : documents the roles and responsibilities of those involved : identifies the budgeting and the scheduling …
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The 5 stages of project risk management

INVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS In this article which is a follow up to my previous articles, I want to talk about the five basic steps that you need to follow when you are creating project risk …
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Things to consider when creating Marketing strategies for E-commerce website

INVEST 80 EURO OR EQUIVALENT AND EARN DIVIDENDS FOR LIFE CALLING ALL EVENT VENDORS….REGISTER YOUR SERVICES AT POSTMYEVENTS There are some factors that need to be considered when you are coming up with marketing strategies for e-commerce website. That is what I want to focus on in this article . …
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