Download TechRepublic's project risk factors checklist

by Jennifer Recktenwald | Jun 29, 2001 7:00:00 AM

Tags: Jennifer Recktenwald

Takeaway: Risk is inherent to virtually any technology project. Use this project risk factors checklist, created by columnist and project management expert Tom Mochal, to minimize those risks that could threaten your budget and delivery date.

Risk refers to future conditions or circumstances that exist outside of the control of a project team that will have an adverse impact on the project if they occur. A reactive project manager resolves risks as they surface, while the proactive project manager tries to anticipate and resolve potential risks beforehand.

There are inherent characteristics of projects that imply high and low levels of risk. For instance, a project that is estimated to take 10,000 effort hours is inherently more risky than one that takes 1,000 effort hours. Likewise, a project utilizing new technology or a new architecture will have a higher degree of risk than one utilizing older and more stable technology.

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Minimize your project risks
If you’re about to embark on a major project, TechRepublic's project risk factors checklist—created by columnist and project management expert Tom Mochal—can help you minimize those risks that could threaten your budget and delivery date. Download it now!

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The first step to using the checklist involves identifying potential risks and assigning them probabilities of high, medium, or low. Next, the user reviews a list of high-risk factors and the problems that might result from their occurrence, as well as examples of strategies that can lessen the risk. The checklist also provides examples of medium- and low-level risks whose impact could be severe enough to affect the project.

Download the project risk factors checklist to set your project on the path to success.

Risk refers to future conditions or circumstances that exist outside of the control of a project team that will have an adverse impact on the project if they occur. A reactive project manager resolves risks as they surface, while the proactive project manager tries to anticipate and resolve potential risks beforehand.

There are inherent characteristics of projects that imply high and low levels of risk. For instance, a project that is estimated to take 10,000 effort hours is inherently more risky than one that takes 1,000 effort hours. Likewise, a project utilizing new technology or a new architecture will have a higher degree of risk than one utilizing older and more stable technology.

---

Minimize your project risks
If you’re about to embark on a major project, TechRepublic's project risk factors checklist—created by columnist and project management expert Tom Mochal—can help you minimize those risks that could threaten your budget and delivery date. Download it now!

---

The first step to using the checklist involves identifying potential risks and assigning them probabilities of high, medium, or low. Next, the user reviews a list of high-risk factors and the problems that might result from their occurrence, as well as examples of strategies that can lessen the risk. The checklist also provides examples of medium- and low-level risks whose impact could be severe enough to affect the project.

Download the project risk factors checklist to set your project on the path to success.

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