Project phasing becomes important in the context of achieving the project’s purpose and its objectives stated by the policy. It gives information required to understand how to methodologically achieve the project’s purpose, what the project phasing process is, and which phases are typically involved in the project implementation life-cycle.
Last time when I analyzed one of my previous projects I tried to follow several lessons of effective crisis management that were given to me by my good friend. There were nine simple lessons or steps that helped me avoid making mistakes in my management practice. Then I thought those lessons would help you as well, so I decided to write this article and describe 9 lessons of effective crisis management for project managers.
The process of putting a strategic plan of managing identified threats and exploiting opportunities into action is called the implementation of the risk management plan. Such a process may take many forms – this depends on the business culture of the performing organization, history of previous efforts, available resources, number of individuals involved in the project, and other factors.
A Risk Management Plan is a formally created and approved document that describes how the risk management process will be organized, what phases it will consists of, how it will be implemented, and who will be involved in the implementation. It is a roadmap for managing identified risks and exploiting opportunities throughout the project lifecycle.
Any project always generates a kind of challenge that makes the project manager find efficient ways to respond to various threats and uncertainties that may jeopardize successful project completion. Implementation of the risk planning process lets the manager to solve the challenge by planning for potential risks and developing solutions that reduce the likelihood of risk occurrence and mitigate the negative impact of the risks.
Seismic Shift in Human Resources Functionality
March 21, 2014
Four Methods for Gathering Information on Projects
January 3, 2011
How to Benefit from Remote Workers
March 9, 2012
