Project Risk Management
Risk is an important aspect of the organization’s project, program, operation and strategy. It is a fact, not just a saying that all projects are subject to risk. However, very few organizations demonstrate the application of standardized risk management on their projects. This can be a major constraint to the success of any project – or even to the success of the organization’s strategy.
Improving the application of project risk management within an organization involves three main objectives:
- Developing the capability of identifying and analyzing risk, at the early project phases while it’s not too late to influence it
- Embedding the the risk management practices into the other project management processes.
- Introducing the Senior management, Project managers and other project team members to project risk management.
