Project risk management
- November 1, 2014
- Posted by: Hyde Park
- Categories: Oracle Software, Solutions
Project management is complex and so many things can go wrong in the project management process that it can sometimes feel over whelming. There can be things that are more out of your control like, bad weather, union activity or personality conflicts and misunderstanding but there are many more things that can be more easily manged like communication, defined goals and objectives and effective management.
Whatever the issues an awareness of the barriers, risks and issues that can affect every phase of the process of project management has to be considered in the project risk management process. Good project management discipline will not eliminate all risks, issues and surprises but it can provide standard processes and procedures to deal with them when they do arise.
By anticipating and engaging with a good project risk management process you will be able to mitigate against; projects finishing late, exceeding budget or not meeting customer expectations, you will be able to iron out inconsistency between the processes and procedures used by different project managers, you can minimise high stress levels, the squandering of goodwill and the over use of overtime.
HPS know that effective project risk assessments are key to good project management which is all about creating an environment and conditions in which a particular goal or objective can be achieved in as controlled a manner as possible. Whether you’re engaged in a project methodology for the first time or a seasoned pro making sure you have robust risk assessments in place is vital.