Sunday, September 7, 2008

Risk Categories in Project Risk Management

Risk Categories can be classified as:

Technical, quality or performance risks
  • Technical changes
  • Changes to industry standards during the project
  • Reliance on unproven or complex technology
  • Unrealistic performance goals

Project Management Risk
  • Inadequate time and resources allocation
  • Ineffective project plan development
  • Poor cost estimates

Organization Risk
  • Resource conflicts with other projects
  • Inadequate project funding
  • Inconsistent management support

External risks
  • Union Issues
  • Changes of Management in customer's organization
  • Country security issues

1 comment:

Casey Dale said...

Risk management attempts to plan for and handle events that are uncertain in that they may or may actually occur. These are surprises. Some surprises are pleasant. We may plan an event for the public and it is so successful that twice as many people attend as we expected. A good turn-out is positive. However, if we have not planned for this possibility, we will not have resources available to meet the needs of these additional people in a timely manner and the positive can quickly turn into a negative.

Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)