Project Risk Management: The Most Important Methods and Tools for Successful Projects

Do You Have Your Project Risks Under Control?

Projects fail because of risks that are discovered too late, are ignored or simply are not sought. This statement seems trivial at first glance, but it is not so obvious for many stakeholders. With effective risk management, you keep your project under control and eliminate 90% of all project problems before they occur.

This book describes the most important methods and tools how to successfully apply risk management in projects in a practical and easy-to-use way. You will receive hands-on instructions and tips that you can immediately implement in your project. The terminology described herein follows the generally accepted PMBOK Guide Fifth Edition (2013). With this knowledge, you can make your projects even more successful and protect your project life from many problems.

In this book, you will learn how to implemented risk management in projects. You will receive hands-on instructions and tips on how you make your project even more successful.

• Why Risk Management?
• The Risk Management Process
• Step 1: Risk Management Planning
• Step 2: Risk Identification
• Step 3: Qualitative and Quantitative Risk Analysis
• Step 4: Risk Response Planning
• Step 5: Risk Monitoring and Control
• Step 6: Risk Communication and Documentation

Identifying and analyzing uncertainties in areas such as resources, project scope, technology, leading the project and scheduling is the most important part of this book. All covered topics in this book are crucial elements of a sound project management strategy and a good addition to Enterprise Risk Management.

Do Not Wait Until the Next Project Crisis!
How much tension and excitement can you handle during your project? If you do not practice risk management, then I promise you that you will experience a highly interesting project! Something will always be going on and you will never get some peace. It may still be exciting to correct problems on multiple project areas in the beginning - but as time goes by, you will be so stressed that you would rather throw everything down. Do you really want it to come this far? The next project crisis will definitely come again. Do not remain idle; you should instead practice precaution through active risk management!

This is an essential book for Project Managers who want to keep their projects under control. This book should be on the desk of each project manager managing engineering, IT or software projects