Risk management in project management refers to the process of identifying, analysing and managing risks that could affect the success of a project. It includes preventative measures to identify potential problems at an early stage and minimise their impact. Risk management can be used to avoid project failures, adhere to schedules and budgets and strengthen stakeholder confidence.
The "Risk" module in PlainPPM allows you to keep track of project risks, make the risk situation in the project transparent and define appropriate countermeasures to limit the impact of risks.
What is the approach of risk management?
- Risk identification
- Risk assessment and analysis
- Development of risk strategies
- Monitoring and steering
- Documentation and lessons learned
Conclusion
Well thought-out risk management makes a significant contribution to making projects safer and easier to plan. Companies can thus actively manage uncertainties, reduce negative effects and significantly increase the probability of success of their projects.