Basics: Project Risk Management
Guest Post by Rod Farrar (first posted on CERM ® RISK INSIGHTS – reposted here with permission)
The project management body of knowledge generally focuses on scope management, time management, and cost management. Risk management generally comes in at about 8th place out of the ten.
However, risk management is potentially the biggest part of the project management planning process.
Often organizations assign resources, dollars and time to project objectives to know exactly when the project is going to finish, how much it is going to cost and what resources are needed.
The problem with doing this is they have not identified risks. [Read more…]