Prior Planning Prevents Poor Performance
Although they may not seem as such, the benefits of project management in terms of risk are astronomical. You can partake in alot of cash if you go into uncertain projects and events in a proactive manner. The ensuing result will be that you will minimize the impact of potential project threats and seize the many opportunities that occur. This, inevitably, allows you speedily deliver your project, within the given budget and with the high quality expectations your project management goals demand. Invariably, your project team players will be much happier with you as they will not have to clean up unneeded messes along the way.
These project management and project planning blurbs below are based on personal experiences of a well seasoned project planning veteran who has been involved in projects for many trying years. There is plenty of blood, sweat and tears in excellent project management and planning, therefore, the information is brain-picked for your reading pleasure.
First, you must understand that if you don't truly embed a project management plan in your project, you simply won't reap the full benefits of your project's end result. You can encounter a number of faulty approaches in companies. Some projects use no approach whatsoever to project management. They are either ignorant, running their first project or they are somehow confident that no risks will occur in their project. Some people blindly trust the project manager, especially if he looks like a battered army veteran who has been in the trenches for the last two decades. Professional companies make risk management part of their day to day operations and include it in project meetings and the training of staff.
Now that you have your project management gears turning, it is time for identifying the risks that are present in your project. This requires an open mind set that focuses on future scenarios that may occur. Two main sources exist to identify risks, people and paper. People are your team members that each bring along their personal experiences and expertise. Other people to talk to are experts outside your project that have a track record with the type of project or work you are facing. They can reveal some booby traps you will encounter or some golden opportunities that may not have crossed your mind. Interviews and team sessions are the common methods to discover the risks people know. Paper is a different story. Projects tend to generate a significant number of documents that contain project risks. They may not always have that name, but someone who reads carefully will find them. The project plan, business case and resource planning are good starters. Project management takes patience, remember.
Can you summon the keen ability to identify all project risks before they occur? Not many do. However, if you combine a number of different identification methods, you are likely to find the large majority. If you deal with them properly, you have enough time left for the unexpected risks that take place. Project management is a skill that is much like an acquired taste, and if doesn't conform to you, it will not be fruitful to engage in any facet of it.