Risk Management

Risk is part of any project, of any size, in any industry. The size of risk, and whether it will have a positive or negative impact on the project’s outcome will vary. But there is always risk in any project. Risk Management plans, which include Risk Assessment and Risk Audit activities, are critical tools for

Economic Shifts due to Covid-19: Risk is Constant Although risk has always been inherent in business, almost no industry was prepared for the global economic impact of Covid-19. March 16, 2020 saw the Dow Jones largest-ever single day fall, and the impact on global stock markets is still not fully known. Now, more than ever

According to PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide), every project is “a temporary endeavor undertaken to create a unique product, service or result.” It goes on to say, “the end is reached when the project’s objectives have been achieved …”1  Since the endeavor is unique and has, by definition,

There is a myriad of reasons why projects fail but they often come down to certain repeatable issues which, left unsolved, will make it next-to-impossible to ever fully succeed. The most common reason why projects fail is because they are not properly managed. There’s a lot of moving parts and essential tasks to be done