How to write Risk Management Plan – Sample Templates Free Download

Purpose: The purpose of this document is to provide a framework on risk management activities during <PROJECT NAME> lifecycle. This document details out the approach towards risk identification, analysis of risks, mitigation plans, risk monitor and control and lessons learned. The purpose of the risk management plan document is not to address the mitigation plan for the individual risks – these are all covered in Risk Register. Using this risk management planning, project team strives to minimize the negative risk and maximize the opportunities for the project success. This will be done by a systematic approach – identifying all possible...

How WBS Dictionary Help You to Groom Your Work Breakdown Structure

For all those who are looking for a free WBS, dictionary template will undoubtedly get what you look for from this section. Ok, then what else you need? I understand that you want to know some inputs regarding the WBS dictionary template with examples and you can find that on this page. Ok, let’s get into the business now. First, Let Me Begin With The Basics, And Here You Go. WBS stands for Work Breakdown Structure, and it is the breakdown of the entire project scope hierarchically. The WBS dictionary is the project administration document. It gives all the details about...

Risk Management Plan and Sample Templates

It doesn’t matter how well you plan a project. All projects are prone to risk which may or may not materialize during project execution stage. The risk could be as simple as project member’s unplanned leave which could affect a specific task to as big as a natural calamity which cripples the entire project.  Having said that, it doesn’t mean we should look like a sitting duck out there waiting for the risk becomes imminent. There are procedures in project management which would help us to identify the potential risks, analyze the possibility of those risk occurrence and ways to...

Project Management Constraints and Examples

A constraint in project management is any restriction that limits project’s desired outcome. Project constraint is one of the important factors that would influence the way you manage the project and in some cases, it would be a determinant factor to decide whether to continue the project or not. Project limitations can fall under different categories and it is critical to identify and understand each of them that affect your project. This way, you can focus your analysis on those limitations and substantially increase your preparedness to deal with them. (more…)