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• 6 MIN READHow to Analyze Risk in Project Management?
Life is a series of unexpected events, however having a plan can save you from catastrophe. The rule is applicable to all lines of work including project management. Having a risk management plan is crucial for the successful initiatives of any business or project venture. Risk assessment has never been more vital than it is […]
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• 6 MIN READ
Contingency Planning in Project Management – What Is It and Why Is It Important?
What is a contingency plan? It is an actionable plan for when a risk materializes in the form of a problem hindering your progress. Contingency planning is an important part of project management, helping you make sure that things go as planned. Contingency planning is a part of risk management. Having a plan does not […]
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• 6 MIN READ
What you Absolutely Need to Know about Construction Risk Management in 2022
Risk management is a crucial element to keep track of when it comes to any sort of project. But when it comes to construction risk management, you need to be extra careful, because a software project going bad might not be as life-threatening as a construction project going bad. The need for a company to […]
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• 6 MIN READ
Why and How You Should be Creating Your Project’s Risk Management Plan?
Preparing for the unexpected is a part and parcel of all of our lives. It is the concept of uncertain events and occurrences that insurance is based on. Project management is no different. Being prepared for what might happen in a project ensures that you are well equipped to lead your team to a successful […]
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• 6 MIN READ
Top 6 Safety Management Applications to Use in 2022
Health and safety are some of the biggest concerns in any industry these days. It is so because there are a lot of different factors involved in administering proper health and safety procedures that aren’t accounted for, subject to gross negligence or never monitored on time. In the 21st century where companies are enormous, you […]
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• 6 MIN READAll New Risk Matrix, Risk Custom Fields, and Much More
Greetings from nTask! What do months of incredible development, effective collaboration, and heroic development result in? To put it simply; we are excited to bring a revamped Risk register with a bunch of exciting new features dedicated to acing Risk mitigation like a pro. It’s an empowered approach to identifying & resolving project criticality that […]
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• 6 MIN READHow to Use the Risk Assessment Matrix in Project Management?
Murphy’s law honors the inevitable. And whether you are a patron or disciple of the law or not, you have to accept the value of contingency planning which guarantees the continuity of your business/project and ultimately lowers and minimizes the impact on your bottom line. When managing projects, one of the most important factors is […]
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• 6 MIN READ
Strategic Risk Management to Gain Success in the Organizational Paradigm
You may have heard of names like Kodak, Blockbuster, or MySpace. These three companies were the pioneers of their respective fields but they since disappeared. Why? Because these companies were slow or short-sighted to see the strategic risk iceberg that destroyed their business. Every company in the organizational paradigm takes risks. They have to do […]
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• 6 MIN READ
9 Risk Management Steps You Need for Your Project
When working in any market nowadays, you need to understand that risk and uncertainties are a normal part of project development. They are the reason that even the Big shots of any industry run into trouble from time to time. Usually, we see that more than half of all IT projects exceed their allocated budgets […]
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• 6 MIN READ6 Steps in the Risk Management Process
Are you speculating the possible perils that your project/business might face? All the threats to your endorsed efforts, monetary input and time added in? The next step naturally is to develop plans to first avoid these problems. Even in the event of those problems arising, you prepare a contingency plan to execute. This results in […]
