Tag: risk management
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• 7 MIN READ
Contingency Planning in Project Management – What Is It and Why Is It Important?
What is a contingency plan? It is an actionable plan for when a risk materializes in the form of a problem hindering your progress. Contingency planning is an important part of project management, helping you make sure that things go as planned. Contingency planning is a part of risk management. Having a plan does not…
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• 7 MIN READ
Why and How You Should be Creating Your Project’s Risk Management Plan?
Preparing for the unexpected is a part and parcel of all of our lives. It is the concept of uncertain events and occurrences that insurance is based on. Project management is no different. Being prepared for what might happen in a project ensures that you are well equipped to lead your team to a successful…
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• 7 MIN READ
All New Risk Matrix, Risk Custom Fields, and Much More
Greetings from nTask! What do months of incredible development, effective collaboration, and heroic development result in? To put it simply; we are excited to bring a revamped Risk register with a bunch of exciting new features dedicated to acing Risk mitigation like a pro. It’s an empowered approach to identifying & resolving project criticality that…
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• 7 MIN READ
A Detailed Tutorial of the Defect Bug Life Cycle in Software Testing
Software Testing and Defect Bug Life Cycle are like two brothers from the same mother. They always go hand in hand when a project is being developed in the organizational paradigm. In this article, we will tell you all about the different stages of the Defect Bug Life Cycle that the software testers go through…
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• 7 MIN READ
Strategic Risk Management to Gain Success in the Organizational Paradigm
You may have heard of names like Kodak, Blockbuster, or MySpace. These three companies were the pioneers of their respective fields but they since disappeared. Why? Because these companies were slow or short-sighted to see the strategic risk iceberg that destroyed their business. Every company in the organizational paradigm takes risks. They have to do…
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• 7 MIN READ
6 Steps in the Risk Management Process
Are you speculating the possible perils that your project/business might face? All the threats to your endorsed efforts, monetary input and time added in? The next step naturally is to develop plans to first avoid these problems. Even in the event of those problems arising, you prepare a contingency plan to execute. This results in…
