Intermediate Project Management: Session Seven – Planning for Risk

Hint

• Talk to your manager about risk.
• Learn from past projects.
• Get information from others who have done similar projects and gather differing perspectives. This isn’t the time to bury your head in the sand.
• Analyse the probability that the risk will occur, and try to figure out how it will affect the project. Assign a number on a scale, with one being the lowest probability/effect and 10 being the highest probability/effect.
• Develop a response plan for those risks that are most probable, or have the greatest impact. Include this response in your Statement of Works.