Project planning & reporting best practices #4 Risk Management Guideline

In managing big projects is inevitable that something will go wrong. The difference in efficient project management is addressing properly the risks and after, taking successfully the risk response actions.  By risk identification, evaluation and control, the differences between initial cost, time and quality estimations and the real ones can be prevented or diminished. 

Increase the project success probability by applying the risk minimization and opportunities maximization techniques. 

For a complex project risk evaluation should be mandatory. These risks can be attributed and measured as probability of apparition, impact and consequences.

The guide: “Project Risk Management Processes” is a powerful instrument for managing risks and opportunities.

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