How to Successfully Plan Reserves for Your Project

Projects rarely execute as planned. You will encounter impediments, risks materialize, or your assumptions don’t play out as planned. Therefore, when planning your project, you may use time or financial buffers in your schedule to compensate for potential time or cost overruns. Buffers or reserves in projects are important, but they are very often misused […]

Risks – the known Unknowns

Risks – The Known Unknowns

The Known, the Known Unknowns and the Unknown Unknowns. What does this wordplay have to do with risk management and why is it important to understand it? In this article you will learn an elementary basis of risk management, which will make risk management in your project even more successful. What Are the Known Unknowns? […]

How to describe risks clearly and nambiguously

How to Describe Risks Clearly and Unambiguously

One of the most important points in risk management is that you find the “right” risks and describe them clearly. Finding and describing risks is not that easy. But if you pay attention to some important points, your efforts will soon bear fruit. This article will help you to find the right risks and describe […]