Mitigating typical data and analytics project risks
What are the common risk factors that we have to manage in our data and analytics projects? When it comes to data and analytics projects, we have some typical risks to take care of. We can divide them into four categories:
- Project risks
- Technical risks
- Culture risks
- Content risks
Managing the risks of projects is important. It’s not only difficult to discuss, collect, and describe the project risks—you’ll also have to think about how to avoid them and address countermeasures. We mention high potential risks in our plans (project plan and business case), but we will have a risk register for all risks. We do this with the following method: what is the chance that this risk will occur and what is the impact of that risk when it occurs? From a project management point of view, managing risks is complex and can be challenging.
Project risks
Project risks are common risks that can occur...