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An essential tool in any project management methodology is the risk log or risk register. This provides a means of recording the identified risks, the analysis of their severity and the necessary management actions to be taken.

helpful template for risk assessment

The two things I liked about this site most were the concepts of an RAG status and assigning an early warning sign. I like the RAG status because it gives the risk log a quick visual aspect. You can see right away the amount of risk involved in your project. I like the thought of assigning an early warning sign because it really makes you think out each risk involved in your project. When an early warning sign does occur, you will be aware of the risk much sooner than if you had not thought it through.

The British Joint Information Systems Committee (JISC) provides the Risk Multimedia infoKit that can help teams planning their projects identifying, preparing, and managing risks.

This fairly recent article details the risk vs. quality argument and posits that effective risk management underpins a successful project. - Sara Lohndorf

This is a video from the EDUCAUSE 2011 Conference where Loyola University presented its modification to Project Risk -- a game where your team competes against others to complete a project. It' an interesting resource about using game learning to teach PM. You can learn more about it at http://www.successfulprojects.com/Store/ProjectRiskBoardGame/tabid/68/Default.aspx.

This is a good article about Risk Analysis

Variety of good and current aritcles

The International Journal of Project Management offers wide ranging and comprehensive coverage of all facets of project management. Published eight times per year, it provides a focus for worldwide expertise in the required techniques, practices and areas of research; presents a forum for its readers to share common experiences across the full range of industries and technologies in which project management is used; covers all areas of project management from systems to human aspects; links theory with practice by publishing case studies and covering the latest important issues. Application areas include: information systems, strategic planning, research and development, system design and implementation, engineering and construction projects, finance, leisure projects, communications, defence, agricultural projects, major re-structuring and new product development. Papers originate from all over the world and are fully peer-reviewed, on the 'double-blind' system. In addition, the journal carries conference reports, and book reviews. Topics Covered Include: Project concepts; project evaluation; team building and training; communication; project start-up; risk analysis and allocation; quality assurance; project systems; project planning; project methods; tools and techniques; resources, cost and time allocation; estimating and tendering; scheduling; monitoring, updating and control; contracts; contract law; project finance; project management software; motivation and incentives; resolution of disputes; procurement methods; organization systems; decision making processes; investment appraisal. The journal is published in collaboration with the Association for Project Management (APM) and the International Project Management Association (IPMA) and is their official journal.

I liked this discussion about making a budget.

Hi Peggy. Sorry I didn't know about this link before I began the Cost Analysis for our team project. Thanks for the information.

It's so true that not all costs can be measured in dollars.

This has a list of common PM Template forms - Risks, Change Control, etc. I liked the Project Checklist form. Free to use.

TaskJuggler is a modern and powerful, Free and Open Source Software project management tool. Its new approach to project planning and tracking is more flexible and superior to the commonly used Gantt chart editing tools. TaskJuggler is project management software for serious project managers. It covers the complete spectrum of project management tasks from the first idea to the completion of the project. It assists you during project scoping, resource assignment, cost and revenue planning, risk and communication management.

TaskJuggler is a modern and powerful, Free and Open Source Software project management tool. Its new approach to project planning and tracking is more flexible and superior to the commonly used Gantt chart editing tools. TaskJuggler is project management software for serious project managers.