RISK MANAGEMENT

Although often overlooked, it is important to identify as many risks to our projects as possible and be prepared if something bad happens.
Here are some examples of common project risks we look at: –

1. Time and cost estimates too optimistic
2. Customer review and feedback cycle too slow
3. Unclear roles and responsibilities
4. Stakeholder input is not sought or their needs are not properly understood
5. Stakeholders changing requirements after the project has started
6. Stakeholders adding new requirements after the project has started
7. Poor communication resulting in misunderstandings, quality problems and rework
8. Lack of resource commitment

Risks will be tracked using a simple risk log. Review of the risk log will be on a weekly basis unless risk is project threatening.