Category:Risk Management

Managing Risk is a fundamental part of successful project management. As projects become more complex, with increasing external focus on effective risk management,all project personnel must be equipped with an understanding of project risk and how it may be systematically assessed and managed to reduce threats to successful project completion.

Key elements

Identify project risks (technical, economic, commercial, operational,political)

Assess risks

Plan mitigating actions

Apply actions

Assess both actions and process

Improvement

Provide continuing assurance to all stakeholders