Risk management - The key areas of concern

The key areas of concern

All risks within a project will impact on one of cost, schedule timing or revenue.
The problem with any project is the status quo. The project team may tend to consider the plan rather simplistically in that they will know where the risks exist and approach allocation of resource on this basis.

Another problem is the detail of the project plans that will be generated. These will start from the top down. How far do we go down and to what level of detail do we go? The key aspect here is what can we manage? Also, consider horizon planning later.

If you can’t manage it don’t do it. Also, to generate this amount of detail costs TIME.

By utilising simple risk assessment techniques we will gain a better idea of where the main risk areas are and hence where to put the resource.

Risk management - The key areas of concern

The key areas of concern

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