IT GovernanceRisk Management

Every Project Has Risks

Projects that don’t account for risk management at all are putting themselves in a dangerous game. All projects have risks, and ignoring those risks is not a valid way of dealing with them. No matter how simple, expected, or rehearsed a project is, there is the potential for issues coming to bear. Kelly Kazimer’s blog article on PM Hut explains how to implement risk management plans early, how to make them a standard practice in all projects, and the benefits you’ll realize from keeping a healthy risk-minded organization. Kazimer lists 4 key risks to consider at the beginning of a project as well:   competing projects, project team conflicts, budget or financing, and schedule delays. All four of these can have a dramatic impact on a project, and all four can also be controlled if the process of awareness and mitigation is established early and consistently reinforced.




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