As each task is completed, you ll want to verify if you finished over or under your estimate. If you want, you can add a column that shows the difference between the estimated time and the actual time for each task. At the end of project, you ll be able to see if overall you estimated too high or too low. Then you can use this information when estimating future projects. Risk Management Risk management is an often-overlooked project management function.
All projects contain risks, and small, one-person projects are certainly no exception.
The objective of risk management is to identify possible threats to the success of the project, and then work towards mitigating or eliminating those threats. Sometimes the threats to a project s success are easy to resolve. For example, perhaps you have been having problems with the computer on which you are developing software for a project. A potential risk is loss of data due to a hardware failure of some kind. Another risk might be that the project takes longer than you anticipated, because you have to spend additional time rebooting your PC when problems occur.