IT GovernanceRisk Management

The 4 Most Important Risk Management Elements

Risk management is a fundamental element of project management, but it's also the most typical element that falls apart or is never fully realized. Kelly Kazimer points out how dangerous it when project management takes all other aspects (resource utilization, budget, stakeholder buy-in) but doesn't account for the possibility of risks. Kazimer explains “Three of the most important parts in risk management”: communication, accountability, and mitigation. Consistently gathering a project's health and status, as performed by Advanced Management Insight, is the key to managing and mitigating catastrophic failures.

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