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- Create a risk contingency budget using Expected Monetary Value (EMV)
- A risk contingency budget can be established to prepare in advance for the possibility that some risks will not be managed successfully. Risk management is the process of identifying and proactively responding to project risks. Generally but not always you will look for ways to eliminate risks...
- Tags: Strategy, Tom Mochal, SECURITY, risk management, risk, risk contingency, contingency, Project Management Newsletter, Project, Impact, EVM Technique, Management
- Technical articles 2006-05-09
Additional Resources
- Use an Issues Submission form on more complex projects
- Risks, Issues and Action ItemsYou may want to have three tabs in this spreadsheet. One tab for risks, one for issues and one for action items related to risks and issues. You should identify risks to be proactive before they turn into issues. For instance - if during the...
- Tags: action item, risk
- Discussion threads 2006-08-16
- Manage Contingency Workers
- When the project requirements exceed the employee resources, experienced contingency workers can help to pick up the slack. One can use legal contract or covenant templates to clearly state the needs for almost any contingent hiring situation. Contingency workers are a cost-effective solution for flexibility and fast response in today's...
- Tags: Hiring, Worker, Recruitment & Selection, Human Resources, Workforce Management
- Webcasts
- Risk-Assessment Strategies
- Risk management enables sound judgment when taking risks, and affords a level of contingency planning should a risk become a reality. Understanding the risks to company assets is the starting point of a risk-management process. Once you understand the risks to your business, you'll be able to make sound decisions...
- Tags: CMP Media, Risk Management, Financial Planning, Strategy, Financial Services, Security, Finance, Management
- White papers 2000-10-30
- Managing project risk is easy with the right process
- Contingency Plans not optionalThe management of risk does not allow contingency to be "optional," in the literal sense. An optional contingency means you are ignoring the risk, which is a valid step in Plan, Assess, Handle and Monitor processes. But it is a dangerous one for the naive risk manager....
- Tags: SECURITY, galleman@..., Managing Project Risk, risk
- Discussion threads 2007-05-02
- Managing project risk is easy with the right process
- A lot of project managers are intimidated by the notion of risk management. However, this simple five-step process will be more than adequate for most projects. A reactive project manager tries to resolve issues when they occur. A proactive project manager tries to resolve problems before they...
- Tags: Strategy, Tom Mochal, SECURITY, Managing Project Risk, Contingency Plan, risk, Project Management Newsletter, Management
- Technical articles 2007-05-01
- IT Risk Management
- View Available Dates and Locations This course offers the skills you need to be a proactive IT risk manager-one who plans for contingencies and confidently manages unexpected events that occur throughout the project life cycle. You'll learn how to avoid unnecessary costs and schedule...
- Tags: Information Technology, Strategy, Management
- Training 2008-01-01
- Risk Management
- View Available Dates and Locations Why be reactive, when you can be proactive? If you are tired of having to pull your team off critical path activities to deal with the crisis of the day, effective risk management is the solution. Risk management, as an integrated ...
- Tags: Risk Management, Financial Planning, Strategy, Financial Services, Security, Finance, Management
- Training 2008-02-01
- Risk Shield Pocket Edition (exe)
- Risk Shield offers a Windows Mobile solution for users who wish to start enterprise risk management with some basic risk assessments. This solution offers user access to a pre-defined risk matrix. A pocket version of the Risk Shield's Risk Register module. Single risk dimension in assessing risk impacts.
- Tags: Solution, Risk Shield, Enterprise Risk Management, Microsoft Windows, Tools & Techniques, Operating Systems, Strategy, Business Security, Business Operations, Software, Management
- Software downloads 2006-05-29
- Taking Control of IT Risk
- Risk, like beauty, is in the eye of the beholder. Not only do different parts of the enterprise maintain different views and definitions of risk — within the IT department a fragmented approach to defining and managing risk exists. IT risk is more than IT security and includes project risk,...
- Tags: Information Technology, Strategy, Management
- Research reports 2006-02-01
- Use these techniques to control small scope change requests
- You have all heard the mantra of scope change management --make sure that all scope change requests get approved by the sponsor orsponsor designee. This should be obvious for large scope change requests.However, it's not always practical to gain individual approval for every five-,ten- or twenty-hour scope change request. However,...
- Tags: change request, Tom Mochal, contingency, technique
- Technical articles 2005-04-12
- Contingency Planning: Meeting HIPAA Security Rule Requirements
- Contingency planning, also referred to as Business Continuity Planning BCP, is about a coordinated strategy that involves plans, procedures and technical measures to enable the recovery of systems, operations, and data after a disruption. Yet, most healthcare organizations either do not have plans or if they do the plans are...
- Tags: Contingency Planning, Computer Associates International Inc., Classification, Business Security, Disaster Recovery, Backups, Hipaa, Business Operations, Data Management, Regulations, Healthcare, Government
- Webcasts
- Download our basic contingency plan checklist
- Don't wait until disaster strikes to figure out how to cope. Our contingency plan download, with guidelines submitted by a TechRepublic member, will help you develop a strategy for keeping your company running in the event of a crisis.Whether you’re a front-line employee running a 24/7 support help desk or...
- Tags: Telecom & Utilities, Paul Baldwin, contingency plan, Greg Kelley, phone
- Technical articles 2000-10-25
- Building a Comprehensive IT Risk Management Program
- The need for effective IT risk management has become significantly more important as organizations have become more dependent on their IT systems for their livelihood and success. While many organizations feel they have a solid grasp on their IT risk concerns, too often their IT risk management efforts have serious...
- Tags: Information Technology, Strategy, Management
- White papers 2007-03-01
- When Bad Things Happen to Good Projects
- It goes against human nature to always expect the worst. But with IT projects, pessimism - otherwise known as contingency planning - is the only way to keep small technology problems from becoming full-blown business disasters. IT project management has become high art while business contingency planning remains in the...
- Tags: Contingency Planning, Information Technology, IT Project Management, International Data Group, Business Security, Project Management, Strategy, Business Operations, It Operations, It service Management, Management
- White papers 2004-12-01
- Managing IT Risk
- For today's CIOs, there can be little doubt that these are the proverbial "Interesting times." Think about it: One is more dependent than ever on IT to run the businesses, yet IT failures are commonplace. At the same time, the IT environments are becoming more complex, thus increasing the exposure...
- Tags: Symantec Corp., Information Technology, Strategy, Management
- White papers 2007-07-24
- Include reserve resources in project management plans
- When the idea for a project first comes up, you rarely have an exact idea of all the resources you will need. As the groundwork progresses, however, you start to define the scope, assumptions, deliverables, approach, and so on. This gives you enough information to put together an estimate of...
- Tags: contingency, project management, Tom Mochal
- Technical articles 2003-02-10
- Information Systems Risk Factors, Risk Assessments, and Audit Planning Decisions
- This paper examines systems risk factors identified by external auditors for a sample of their actual audit clients. Specifically, the paper studies two important areas of information systems risk: the risk of breaches in system security and the risk that the information provided by the system is inadequate. To perform...
- Tags: Risk Assessment, Information System, Audit, Northeastern University, Financial Accounting, Tools & Techniques, Strategy, Finance, Management
- White papers 2002-12-03
- Understand the relationship between assumptions and risks to manage these two related concepts
- Risks are a Superset of AssumptionsI have found it best to restate every assumption as a risk, but it is not necessary to echo every risk with an assumption.Assumptions really serve as little more than introductory material, key points to consider when reading the project plan. As Tom notes,...
- Tags: SECURITY, risk
- Discussion threads 2005-11-09
- Homeland Security Guest Address: Managing the Risk of Terrorism?
- The threat of terrorist attacks in the U.S. continues to pose a risk to the insurance industry. In a sector where financial stability is the hallmark of leading firms, the need for complete portfolio management for terrorism risk is evidenced by major attacks. Risk Management Solutions RMS has developed an...
- Tags: Risk Management, Terrorism, Risk Management Solutions, Risk Management Solutions U.S. Terrorism Risk Model, Homeland Security, Financial Planning, Financial Services, Strategy, Security, Government, Finance, Management
- White papers 2004-11-11
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