You know–Murphy’s Law and the chance of certain occurrences’ adversely affecting the project [phrase memorized by numerous PM training certification classes]. Everyone identifies these in the planning of their project, right? Well, they should.
However, all too often some never revisit their risks and end up with horribly derailed projects. Risks are not look once, log and move on things. They live and change with your project and need to be re-evaluated to ensure that the contingency plans that were made are still relevant and provide the necessary contingency.
One of the most critical times is during change activities. In the blur of the hurry to integrate the change, don’t forget to re-access the risk and the contingency plan(s).