Method123 has just released their new Risk Plan template, available for immediate download. If you’re not proactively managing and mitigating risks on your project, you’ll find this an invaluable aid for you and your business partners. On a project at a Fortune 500 company, I conducted a risk identification and prioritization exercise that included senior managers and executives from the company’s HR, payroll and benefits departments. Although they had been key stakeholders or sponsors for multiple enterprise projects costing millions of dollars, they had never participated in a formal risk exercise. Once the initial working session was complete, they admitted it was an eye-opening experience, and ultimately it helped them get an early start on organizational change management activities designed to mitigate risks related to user acceptance.
“Managing risk on the project is one of the most neglected pieces of the overall Project Management Methodology puzzle. Project managers tend to not spend nearly enough time on risk planning and mitigation. The culprit is usually a lack of proper knowledge, experience and tools,” states Method123 CEO Jason Westland. “By utilizing our new Risk Plan template, the project manager will be able to document anything and everything they need to about risk on their projects. Through the use of this tool, they’ll keep a good handle on risks throughout the entire engagement.”
Method123′s Risk Planning template allows the Project Manager to capture all necessary information on:
- Risk identification
- Risk prioritization
- Likelihood of risk occurrence
- Potential risk impact
Jason further states, “Upfront planning to assess risks on a project is not usually the first thing a project manager thinks of as they’re kicking off a project. Our Project Management Templates makes it easy to tackle that task early on and make it far less burdensome on the PM. Proactively used, it becomes a positive tool rather than a noose around the project manager’s neck.”
By using Method123′s Risk Planning template, you’ll be able to:
- See necessary action needed to mitigate specific risks
- Plan contingency actions to take in case the risks do occur
- Schedule risk avoidance actions as part of the overall Project Plan
- Continually monitor risks throughout the project with the team and the customer
As Method123 states, creating an overall Risk Plan is critical to project success. Their new Risk Plan template will become an essential project management template to your organization and will help you maintain as much control as possible over the risks you’ll face on your projects. Click here to order and download the updated Risk Plan template .
