You are the project manager, large and in charge, ready to take on the world with fists flailing. Risk management is that older, wiser nag of a sibling who wants what is best for you, even when it puts a damper on your radical good time. A post at PM Hut says that the best project management process has risk management built into it. In other words, you should put up with the nagging.
Yelling in Your Ear
That sagacious buzz kill risk management wants you to consider the dangers inherent in a project even when you are still figuring out what the project is. You have to identify the risks, understand the negative or perhaps positive nature of the risks, and then strictly control them. Get the whole team involved in identifying risks, as the contrasting perspectives can be helpful.
When it comes time to decide what to do about risks, you can delegate responsibility for individual risks to specific team members, you can devise a step-by-step plan of action to deal with risks should they creep up, or you can simply do nothing. That nag will likely not stand for you doing nothing about risk when your project is on the line though, so preempt the nag’s complaints and react to problems sooner rather than later. Your project, and your ears, will thank you.
You can read the original post here: http://www.pmhut.com/risk-management-within-your-project-management-process