Questions tagged [risk-management]

This tag is about documenting risk, handling risk, risk estimations, cross-team project risk, and any other risk that may affect the outcome of a project.

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18
votes
7answers
3k views

Information to keep in a risk register

In the PMI process, they include a document called a Risk Register. It contains a list of all the risks -- realized and unrealized -- including some fields like probability and impact. For software ...
15
votes
4answers
11k views

How do you measure risk?

As a related question to: What's the best definition and explanation of project risk? What is the most useful way of measuring risk? I've been thought it's best to measure it in additional monetary ...
16
votes
10answers
13k views

How to identify risks?

What risk identification methods you recommend to use? If a project manager needs to build a raw list of risks containing, say, 100 items, how would he/she do it? As I understand, brain storming is ...
6
votes
3answers
6k views

Splitting PM responsibility between technical lead and non-technical PM on an agile project?

In practical terms, how do you suggest that a technical lead (me) work with a non-technical PM who is responsible for multiple projects? How should dependencies between stories, and external ...
15
votes
3answers
402 views

Is it still possible to use formal methods if the organization has chosen not to adopt them?

I managed a project in a company where I was the only person with experience of using formal methods (Prince 2). The directors of the company, and the other senior staff, all took the attitude that ...
5
votes
4answers
12k views

How is Risk Management in Agile Development Different From Risk Management in Waterfall Model?

In a typical project lifecycle, as a manager you are expected to have a risk plan which (please correct me if I'm wrong) consists of identifying, assessing and prioritizing all potential risks of the ...
3
votes
12answers
39k views

Risk and Opportunity definitions

If the definition of a risk is: Anything that might affect a project achieving its goals then what is the definition of an opportunity?
3
votes
2answers
120 views

Distributed Risk Register and Facilitation of Risk-Based / -Aware Thinking

Over here, it was aksed how to overcome reticence to use RAID logs (with A referring to actions, not assumptions). The general approach, already suggested by the OP, would be to rid the (in this case ...
2
votes
6answers
1k views

How to minimize scope creep?

Scope creep can easily transform a good project into a distressed one. What are the methods for minimizing continuous expansion of project requirements?
12
votes
2answers
222 views

When is "control of a software project" less important?

In the article titled Software Engineering: An Idea Whose Time Has Come and Gone?, Tom DeMarco says that: To understand control’s real role, you need to distinguish between two drastically ...
6
votes
3answers
5k views

Should a Risk Management Plan include a Risk Register?

Is it within the scope of a Risk Management Plan document to include a Risk Register? Or should a Risk Register be created separately, and the plan merely state that a register will be created?