Tag Archives: Risk Management

Murphy's Law

What happens when Murphy takes over the house?

Many, if not most people in project management know Murphy or Murphy’s Law. According to the Murphy’s Law Website, “If anything can go wrong, it will“. For more information about the origin of this law, visit http://www.murphys-laws.com/murphy/murphy-true.html.

What does this mean to us in project management?

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How to budget for project risk management? Part 3

This is the third article of a 3-part series on the money aspects for project risk management, including a discussion on estimating, budgeting, contingency and management reserve. In this article we discuss the response cost.

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How to budget for project risk management? Part 2

This is the second article of a 3-part series on the money aspects for project risk management, including a discussion on estimating, budgeting, contingency and management reserve. In this article we discuss the management cost.

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Cost for Project Risk Management

How to budget for project risk management? Part 1

In this article we start a 3-part series on the money aspects for project risk management, including a discussion on estimating, budgeting, contingency and management reserve.

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Is Project Risk Management about threats or opportunities?

This is the second article of our series on Project Risk Management

In this article we will discuss key definitions related to a common debate on risk management, which is: are risks always threats or we can consider opportunities as risks as well? Continue reading