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10 Steps to Successful Project Management by Lou Russell

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STEP FOUR

Identify, Rate, and Manage Risks

OVERVIEW

Risk and Risk Management Defined

Risk Assessments and Scenarios

Risk Mitigation and Contingency Planning

Project Constraints

We like to think that we're clairvoyant when it comes to project management. Any truly talented professional (and we all are, of course) should be able to plan and estimate a project accurately. It's our responsibility as project managers to anticipate every possible problem that might come up. After all, we've been managing projects for years, and we've been fairly successful.

Well, the truth is that every project will surprise you and on every project unexpected things will happen. It's irrational to think you can know everything before you know anything (that is, ...

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