There are many types of risks that threaten your project. These depend on the type of project or the industry sector in which it is carried out. One particular type of risk that is often ignored, however, are the assumptions that are made in most projects. “We assume this will be the case or this […]
Risk models are designed to help organizations manage risk by quickly identifying, evaluating, and prioritizing potential risks to which they may be exposed. With risk models, organizations hope to gain a better understanding of the risks to which they are exposed. This with the goal of being able to better and more quickly decide which […]
What are the biggest mistakes made in risk management? I have seen and experienced a lot in risk management in the last few years and have written extensively about it. That’s why I was wondering what artificial intelligence (AI) thinks about this topic, so I asked ChatGPT about the biggest problems people make in risk […]
Risk checklists are much used tools in risk management. They can be a good tool in certain situations. However, it is important to understand the limitations of risk checklists. In this article, you will learn what the advantages and disadvantages of risk checklists are and why I have limited recommendations for this tool. Identifying Risks […]
In risk identification and evaluation, often not much time and effort is spent and one quickly relies on existing checklists that make one’s work easy. Other methods, such as brainstorming, are unfortunately rarely used. With Artificial Intelligence (AI) tools, which have been the talk of the town for the last few months, you can increase […]
Have you ever believed in something in your business life or during project execution that you were sure would happen? You were so confident, the situation was so clear, that you didn’t give it any more thought and made decisions on this basis. And when something went wrong, you asked yourself, why didn’t we invest […]
Risk management is a central activity in project management, but is unfortunately often neglected. Projects fail because of risks that are discovered too late, ignored or simply not sought. Risk management is not complex but is hard work and the most important thing: it must be done with conviction. Software such as Excel or SharePoint […]
Do you have an Issue Log in your project and do you use it consistently? In my view, the Issue Log is one of the most neglected or underestimated tools in project management. The Issue Log is not just a simple list of issues, but behind it is a management culture of how you handle […]
You have probably heard several times that you should be risk aware, but you may not have thought much about it. Risk awareness is a somewhat abstract term, but something that is essential in our daily lives, in business and in projects, so that we do not face problems or misfortunes. This article will show […]
Projects have always been a complex endeavor and have always to deal with the unpredictable, the surprising, and the unexpected. This was 200 years ago so, and it is still so. However, the complexity is increasing every year, especially when IT technologies are involved. It’s harder to predict what will happen because complex systems interact […]