Tag: recognition of prior experience

Risk Management – Some Practical Ideas on Learn how to Minimise Risk in a Enterprise

Risk is a given in any enterprise and it might be damaging to a enterprise and even threatens its survival. It is therefore essential to be aware of the various risks, to understand its potential impact on a enterprise and to know how to manage it effectively. This article provides some practical guidelines on the way to minimise risk. The discussion is finished under the next headings: Planning; Relationships; Hedging; Discipline. Planning Element planning goes a long way in reducing risk. Planning should include the following: Feasibility studies. It is very important verify the viability of a new venture by… Read More

Suggestions for Project Risk Management Success

The benefits of risk administration are vast, but for a lot of projects this is an space still commonly overlooked. By making use of simple and consistent risk administration methods we are able to simply minimise the impact of potential threats as well as leverage potential opportunities. This not only ensures meeting the agreed scope, value and time but in addition improves the overall health and efficiency of the project operation, staff members and wider stakeholders. This article comes back to the fundamentals on the key rules of managing risk, to make sure your projects are constantly delivered with full… Read More