Risk-Taking is Essential for Success (read it on the Huffington Post)
Why Read It? Because avoiding risk could hurt you in the long run.
"We tend to view risk-taking negatively, often regarding it as dangerous and even unwise. But while some risks certainly don't pay off, it's important to remember that some do."
Tips for Successful Project Risk Management (read it on buildings.com)
Why Read It? Beacuse effective risk management is essential for delivering successful projects.
- Communicate, Communicate, Communicate: "To ensure risks are continuously identified and communicated appropriately, add project risks and opportunity discussions as a standing topic to the team's regular meetings."
- Identify Risks Early: "Begin by gathering all project members (and other employees and partners who have worked on related projects) into workshops and brainstorm a list of potential risks and opportunities."
- Involve the Entire Project Team: "Rather than teams looking blindly to the project manager and assuming he is managing all risk for the project, the entire team must be involved."
"Risks should be measured by the impact they could have on the project goals, and start with those that could cause the biggest losses and gains, and those with the highest probability of occurrence."
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