Manage Project Risk Right

摘要

SUCCESSFUL PROJECT management requires identifying and planning for events that can impede the undertaking. Each event poses different potential consequences. Some risks can impact cost, others can affect schedule, and still others can alter the facility's operating parameters. While you can easily identify some risk events such as delays in equipment fabrication, others aren't obvious without the benefit of hindsight. So, use of a formal risk-management tool and process is essential during project planning to avoid project failure due to anticipated or unanticipated events. Failure Mode Effect Analysis (FMEA), a flexible yet powerful tool, is a good option where risks are diverse.