Category Archives for Risk Management

New Methodology Strengthens Risk Management/Quality ControlNew Methodology Strengthens Risk Management/Quality Control

Every project has a beginning and an end. The Project Management Institute likes to say that “a project is a finite endeavor (having specific start and completion dates) undertaken to create a unique product or service which brings about beneficial change or added value.”

To ensure that a beneficial change does occur or that value is added, controls must be established up front to minimize risks… or prevent failure. A new business methodology, one that was patented less than a year ago, should interest risk and project managers, because, when applied with a computerized communications and workflow system, it offers quality assurances, improves administrative and operational efficiencies and strengthens transparency Continue Reading »