Project Risk Management
All of us manage risk in our day to day life by buying insurance cover for our life, house, car etc, so why not do risk management for the project. Risk Management is a key responsibility of the project manager.
Risk management is one of the project management disciplines which have a direct impact on the project success or failure. A better risk management ensures that you are prepared for the unforeseen circumstances and when they actually happen, you can handle it well. Some Project managers show helplessness in case of some external disturbances like workers strike. But good managers do not. They do plan for such risk and have a ready work around.
However, all real projects carry risk through uncertainty. The most obvious examples of sources of project risk comes from:
* dependencies (internal or external)
* assumptions made by project team members (about any aspect of the project).
There are 4 stages in the Project Risk management process :
1. Risk Identification
In this stage, we identify and name the risks. There are different sorts of risks and we need to decide on a project basis. Business risks are ongoing risks that are best handled by the business. Generic risks are risks to all projects.
2. Risk Quantification
Risk need to be quantified in 2 dimensions. The impact of the risk needs to be assessed. The probability of the risk occurring needs to be assessed. If probability is high, and impact is low, it is a Medium risk. On the other hand if impact is high, and probability low, it is High priority.
3. Risk Response
A risk response plan should include the strategy and action items to address the strategy. The actions should include what needs to be done, who is doing it, and when it should be completed.
4. Risk Monitoring and Control
The final step is to continually monitor risks to identify any change in the status, or if they turn into an issue.
At the start of a project, the potential impact of risk is almost unlimited. The simple choice is to either dedicate proper and timely attention to understanding and managing risk, or suffer its consequences. On large projects, there are few areas where a Project manager can have a greater impact on a project than the area of risk.
Frequently Asked Questions
What are the risks of getting pregnant after having a c-section in Feb. 2008?
I have had a total of Three c-sections all about 4 1/2 yrs apart.
If I get pregnant now could there be risks cause it would be another c-section.
Of course there are risks. Every pregnancy carries risk.
Also, since you have already had three c-sections, there is a small risk that the opening (being weakened from previous surgeries), could possibly break and cause problems/internal bleeding.
Those things add to the risk. The fact that you just had a baby a couple of months ago is most concerning. Your body needs time to recuperate and heal after having a child. Getting pregnant now doesn't give your body that much needed time.
However, if you are breastfeeding, it's unlikely you are even ovulating at this point.
"Frank"/bum down breech, OB-GYN wants 2 do ECV. Can I say no, cuz of risks, & opt. 4 c-section instead?
THIS IS A VERY SERIOUS SITUATION 2ME &I NEED SERIOUS ADVISE PLEASE. I UNDERSTAND EVERY1 HAS THERE OPINIONS ABOUT MMT (METHADONE MAINTANACE THERAPY). THIS IS THE SAFEST ROUTE 4ME 2TAKE 4MY CHILD. SO PLEASE, IF YOU ARE GOING 2BAD MOUTH ME 4ENROLLING INTO A REHABILITATION PROGRAM THE MINUTE I FOUND OUT I WAS PREGNANT, THEN PLEASE DON'T SAY ANYTHING AT ALL. SERIOUS ANSWERS ONLY PLEASE. THANK YOU! Ive been breech through my entire pregnancy &Im 36w's+2d's now. My Dr wants 2try &turn the baby in a week or so. Ive read alot in2 the goods&bads of doing an ECV &honestly I want 2try 2do it so I CAN experience a regular birth, but @the same time I dont want 2take any risk on messing with my bubby. Im currently on low MMT(methadone maintanace therapy) dosages due 2being prescribed pain meds 4an extremely long time &forming a heavy dependency. Im nervous that because of the methadone it could cause me 2be @a higher risk 4problems while trying ECV. But, say if I were 2try having the ECV done &in the process it became 2uncomfortable, do I have the right 2say STOP &opt 4a c-section? Or, can I just say NO WAY w/the ECV &have the Dr schedule the c-section 4like 38-40weeks? (which is the option I would rather take. Im just nervous that my Dr will want 2try it anyway &say that if I feel discomfort then hell immediately stop &schedule a c-section) Im extremely nervous about having the ECV done. Honestly I do, but I dont want 2attempt this, due 2the risks &the fact that my son is my/our 2nd chance @life. Hes mine &my b.fs reason 2be better people, our son is our reason 2live! Y would I/we want 2take ANY risk of hurting/loosing our gift from god? So basically Im wondering, can I deny having the ECV done &tell my Dr 2schedule the c section? Will my Dr have 2go w/my choice ¬ force me 2try doing ECV? I mean I dont want him 2even try again,the 1st time Dr tried was 2check 2c if ECV would work &it didnt cuz my son turned 1-2hrs L8R. & IT HURT SO BAD!! I feel that a c-section is best!
5th pregnancy but 4th C-section is this pregnancy considered high risk?
These days anything over 3 c-sections is considered high risk, but it really just depends on your doctor. They will also factor into account your age and if you had any problems with previous pregnancies. Also, just because it is considered high risk doesn't mean that something is going to happen. Ex: a lady who previously had pre-eclampsia is now considered high risk even if she doesn't develop it again in future pregnancies. Your doctor will most likely just do an ultrasound on your scar to see if there is any thinning to determine your likelihood of a uterine tear. Good luck and congratulations!