• Inherent Vs Residual Risk: Differences and Examples Explained
    5 MIN READ

    Inherent Vs Residual Risk: Differences and Examples Explained

    In this post, we will look at what are the main differences between the Inherent risk and Residual risks. Both of them have their own implications, so let’s take look first at what is risk management. What is Risk Management? Risk management is one of the most essential processes that is carried out in companies […]

  • How to Analyze Risk in Project Management?
    5 MIN READ

    How to Analyze Risk in Project Management?

    Life is a series of unexpected events, however having a plan can save you from catastrophe. The rule is applicable to all lines of work including project management. Having a risk management plan is crucial for the successful initiatives of any business or project venture. Risk assessment has never been more vital than it is […]

  • Contingency Planning in Project Management – What Is It and Why Is It Important?
    5 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 […]

  • The 24 Best Risk Management Software of 2022
    5 MIN READ

    The 24 Best Risk Management Software of 2022

    A PMI study revealed that 86% of organizations use at least one form of risk management method. Knowing what risks are likely to occur and wherein a business can be a time-consuming job for project managers who already have enough on their plates as it is. Also, it’s important to realize that, with a growing […]

  • What you Absolutely Need to Know about Construction Risk Management in 2022
    5 MIN READ

    What you Absolutely Need to Know about Construction Risk Management in 2022

    Risk management is a crucial element to keep track of when it comes to any sort of project. But when it comes to construction risk management, you need to be extra careful, because a software project going bad might not be as life-threatening as a construction project going bad. The need for a company to […]

  • Why and How You Should be Creating Your Project’s Risk Management Plan?
    5 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 […]

  • Top 7 Safety Management Applications to Use in 2022
    5 MIN READ

    Top 7 Safety Management Applications to Use in 2022

    Health and safety are some of the biggest concerns in any industry these days. It is so because there are a lot of different factors involved in administering proper health and safety procedures that aren’t accounted for, are subject to gross negligence or are never monitored on time. In the 21st century where companies are […]

  • All New Risk Matrix, Risk Custom Fields, and Much More
    5 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 […]

  • How to Use the Risk Assessment Matrix in Project Management?
    5 MIN READ

    How to Use the Risk Assessment Matrix in Project Management?

    Murphy’s law honors the inevitable. And whether you are a patron or disciple of the law or not, you have to accept the value of contingency planning which guarantees the continuity of your business/project and ultimately lowers and minimizes the impact on your bottom line. When managing projects, one of the most important factors is […]

  • Leadership in Crisis Management: 10 Effective Ways to Build Resilience
    5 MIN READ

    Leadership in Crisis Management: 10 Effective Ways to Build Resilience

    In this write-up, Fred explores how leadership in crisis management may evolve in order to build resilience at blue-chip conglomerates and nonprofits alike.  No matter how perfect you are as a professional or how great your company’s contingency plan is regarding an outbreak, no manual can teach you leadership in times of a global pandemic, […]

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