FREQUENTLY ASKED QUESTIONS


Are risk management tools available?

For once we can give an unqualified answer. There are many tools available, often associated with project management methodologies. 

Many of these are proprietary, and can not be reproduced or utilised without paying some license fee to the owner.  Some at no cost (try Googling Risk management tools)!

One of the most common type of tool is effectively a checklist of common project risks, which can be used as a catalyst in risk management workshops.

Another tool is a spreadsheet (either manual or computerised) to assist in the development of a risk matrix.

Various government agencies have mandated risk management methodologies to be used for generic risk management. Many of these can be used in a project environment with little or no change. The New South Wales Treasury created risk management methodology for use by NSW agencies in 1998/99.


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