Risk Management

WPMS can help you to identify, evaluate, prioritize risks and set up a Risk Management Plan in the framework of your projects.

“It’s not the will to win that matters. It’s the will to prepare to win that matters.” – Paul William “Bear” Bryant

A lot of companies focus primarily on time and cost management (cfr. 10 Knowledge Areas of PMI PMBOK best practices) and much less or even not on risk management while setting-up and realizing projects, allthough ALL knowledge areas are subject to risks. Risk management adds a degree of realism to the project, incorporating risks and uncertainties in all knowledge areas developed during the complete project life cycle.

The following key advantages can be considered when doing a proper risk management:

  • helps to identify possible problems at an early stage and to estimate the possible impact
  • assures to have plans to deal with possible problems before they will even happen
  • improves the prediction of the project outputs and outcomes
  • assures a common understanding of the risks at project sponsor and project team side
  • minimizes changes, delays and extra costs
  • helps to estimate and manage contingencies

which will all increase the probability of project success.

WPMS can support you in the framework of your projects to:

  • identify possible risks
  • analyse the probability and impact
  • estimate contingencies
  • set-up a good risk management plan
  • set-up risk reports
  • develop risk management templates
  • …

Our project consultants can also assist you during project implementation to address the challenges or to bring your project back on track. We will supply you the necessary support during the complete project lifecycle.

WPMS’s project consultants are all PMI or Prince2 certified project managers with a lot of practical experience and proven track record in project consultancy.

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