Method123 Ltd

Method123 Ltd

December 23, 2010 15:18 ET

Method123 Announces the Release of Their Newest Project Management Template-the Risk Management Process

LA HABRA, CALIFORNIA--(Marketwire - Dec. 23, 2010) - Industry leader Method123 announced today that they have just released their newest project management template, the Risk Management Process.

The new Risk Management Process template compliments an already strong Project Management Kit product. The Project Management Kit contains over fifty full featured Project Management Templates and has sold more than 1 million units worldwide. Project managers everywhere are now getting the benefits of using this comprehensive product offering to help manage their projects.

The Risk Management Process helps the project manager and organization take all necessary steps to identify risk, monitor risk, control risk, and mitigate and avoid risk. A risk is defined as any future project event that can keep you, your team, and your customer from reaching the goals for the project. By putting a Risk Management Process in place in your organization and on your project as part of your Project Management Methodology, you can greatly increase its chances for success. If you are controlling, monitoring, and mitigating risks, then your project has a much higher probability of a favorable outcome.

"Risk and the problems that are realized from unmanaged risk can be devastating for a project," states Jason Westland, CEO and co-founder of Method123 Ltd. "Our Risk Management Process enables the organization to setup a risk management infrastructure of processes that will give the project manager the ability to better control risk on his or her projects. The customer wants to know that risks are being managed – and with our template you'll be able to show them that. You'll be in control."

Every one of the more than fifty project management templates included in Method123's Project Management Kit contains helpful hints and tips as well as detailed instructions for completion. Even the most novice user can be up and running with these templates in a relatively short amount of time. Project Plan documents that would normally take several days to compile and get approved can often be created and put into action in one-fifth the time.

"We realize our most important job is to help the project team and specifically the project manager," says Westland. "Making the project manager's life easier is really our Job One. The feedback we're getting on our templates in the Project Management Kit is telling us that we're getting the job done. Project managers all around the world are seeing real benefits on their projects from using our tools."

With Method123's Risk Management Process, the project manager will be able to:

  • Identify potential risks to the project
  • Categorize each potential risk as critical or non-critical
  • Put detailed information together on each identified risk
  • Identify action to take if the risk does occur
  • Take action to avoid or mitigate risks to minimize or eliminate the impact to the business and the project

Experiencing risks on a project is a way of life. Knowing how and when to recognize those potential risk events and having plans in place to minimize their impact can mean the difference between a successful project and a failure. Method123's Risk Management Process puts the Project Manager in control of risks.

For more information, please visit Method123's website at Method123.com.

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