Category Archives: Managing Risk

Risk Analysis

Risk Analysis

Risk Analysis is a process that helps identify and assess potential threats that could affect the success of a business or project. It allows to examine the risks and includes means to measure, mitigate and control them effectively. It is part of the larger process of risk management although risk management can also refer to the process of controlling and monitoring risks. Read more »

RAID Log

RAID Log

A RAID Log is a project management tool used to store several project information in one place. It serves as a central repository for all risks, assumptions, issues and dependencies that is happening in a project. It allows keeping track of everything happening in your project making it a useful document in regular project meetings and for audit purposes. RAID stands for Risks, Assumptions, Issues and Dependencies. Read more »

Traffic Light Assessment

Traffic Light Assessment

Traffic Light Assessment is a tool for evaluating the current performance of a process or a project in relation to a goal. It’s an easily understood reporting tool that is prepared for management review and action. Poor performance can be easily identified and addressed. The results should then help in the decision making and the selection of corrective actions. Read more »