Project Management for Dummies, 2nd UK Edition

Chapter 10

Venturing into the Unknown: Dealing with Risk and Uncertainty

In This Chapter

Coming to terms with risk and risk management

Taking a closer look at risk – risk analysis

Deciding how to handle risks and taking action – risk management

Drafting a risk management plan

Getting some tools to help with a few risk management techniques

It’s sad to hear about good projects that have failed – but it happens. It’s even sadder when you find out a bit more and see that a project was killed off by a problem that the Project Manager could easily have foreseen, controlled or even prevented. Don’t let your project be unnecessarily damaged or even destroyed by something that with a bit of effort – and sometimes not that much effort – you can get a handle on. This is the realm of risk management. The good news is that the basics aren’t that difficult; in fact, you do risk management nearly all the time just to get through the day.

All projects need risk management, even the very small ones. ...