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Episode 002 - Risk Management

May 22, 2006 @ Controlling Chaos from feedback@controllingchaos.com (Dina Henry Scott, PMP)

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Today’s episode of Controlling Chaos covers the basics of Risk Management. Risk management is synonymous with Project Management. Lee and I talk about what risk management is, why it is important to manage risk regardless of the size of your project and how to integrate a solid, yet easy, risk management methodology into your project. We introduce a very simple template that you can use to start logging your risks and issues, analyze their impacts/probability of happening, and plan to address your identified risks - proactive as well as reactive plans. Properly managing risks in your project helps to reduce the ambiguity in your project and allows your team to work more effectively. Also, hear Lee give an example of risk management from the ABC show “Lost”!

Click Here to listen to this project management podcast!

Helpful Resources:

Click Here for sample Risk Management Plan spreadsheet


This article is syndicated from Controlling Chaos . The original article is available here. Read more in Project Management News .

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