Mitigating Project Risks

Risks are events or conditions that can have a positive or negative impact on the outcome of a project. Because of this, project management and risk management go hand in hand. Much of what we do in project management is essentially managing risk. Straightforward risk man- ®

agement functionality is now provided in Project Web Access. Users can record information j|

about risks, update this information, and track the risk. Risks can be escalated to the right °

person for mitigation.

Risks can also be associated with specific tasks, resources, documents, issues, and other risks. The risk-management capabilities are provided through integration with Windows Share-Point Services.

Note Although the new risk management functionality allows you to attach risk assess ments to tasks, it does not provide cross-project risk tracking, reporting, or sophisticated risk management, such as MonteCarlo analysis.

To work with the Project Web Access risk-management features from Project Professional, follow these steps:

1 Make sure that Project Professional is connected to the project server and that your project is checked out and displayed.

Risks t

2 Click Collaborate, Risks. Or, on the Collaboration toolbar, click Risks. The Risks page appears (see Figure 22-39).

Figure 22-39. Track and manage project risks from within Project Professional. To work with the risk-management features in Project Web Access, follow these steps:

1 In your Web browser, log on to Project Web Access.

2 In the blue navigation bar, click Risks.

The View And Submit Risks In All Projects appears.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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