Contingency planning and risk go hand-in-hand. Indeed contingency planning is a last resort and should be considered for high risks only when it’s not possible to prevent or avoid an event, reduce the impact or even transfer the risk to someone else.
Contingency planning and risk management are often used in project management and business continuity planning.
In January of 1979, the city of Washington, D.C. suffered an unusually large snowfall. Due to a lack of functioning snow plows, traffic quickly ground to a halt.
Reporters descended on the new mayor, Marion Barry, asking him for his plan for snow removal. Barry scowled, and then growled, “Spring.”
This post examines project planning and control and introduces the project control cycle.
The risk wheel is a simple tool I use when assessing project risk. The risk wheel will help you think through the types of in your project. Augment this with existing risk information from project or programme risk management plans or the corporate risk register.
In this article we show you how to manage project risk. Risk management is not difficult yet it is often neglected. Project risk is treated a little like writing a will—everyone knows how important it is yet it’s a topic of conversation that’s avoided and subsequently treated inadequately. Maybe this is a result of the project manager concentrating on the mechanical aspects of activities and time in preference to people and risk?