Operations Communication Process and workflows Risk Management Assessing red flags Scope creep guide Red flags Favourites

Assessing red flags

A check­list for sniff­ing out and address­ing risks and red flags

If prob­lems are pop­ping up unex­pect­ed­ly around your company’s projects, prod­ucts, and peo­ple, those, my friends, are red flags. Miss­ing them is tan­ta­mount to an acid bath for your orga­ni­za­tion. Don’t wor­ry, we’ve got you covered.

Red flag and risk assessment checklist

Here is a short risk checklist you can modify for your own projects:

  • List the red flags you observe (consider using a system like |> to denote them)
  • List the risks that the red flags denote
  • Determine if the risk is internal or external (e.g., project team vs client or exec stakeholders)
  • Determine if the risk affects timeline, budget, scope, people, and/or business
  • Determine which parts of your project are impacted (e.g., design, development, content)
  • Determine the risk impact (hint: if you notice red flags, the risk is likely to happen)
  • Determine the risk probability
  • Create a red flag/risk matrix (sample)
  • Develop a risk mitigation strategy for the likely risks (short term response)
  • Develop a contingency plan for unlikely or less serious risks (long term plan)
  • Notify any relevant stakeholders (be sure to involve them in the mitigation plan and contingency making process)
  • Update plan when new risks are noticed

Get our red flag resources

Sign up for our newsletter and get your projects on track with our red flag template pack. You’ll get:

Related resources

Loud and Clear

Get a free digital copy of Loud and clear.

Get the word, bird

Our newsletter arrives as the crow flies.
Straight to your inbox, once in a while. No fluff.

We don’t spam or sell your info.

Talk to us.

Learn more about our programs or just say hi.