Risk analysis and management is a key project management practice to ensure that the least number of surprises occur while your project is underway. While we can never predict the future with certainty, we can apply a simple and streamlined risk management process to predict the uncertainties in the projects and minimise the occurrence or impact of these uncertainties. This improves the chance of successful project completion and reduces the consequences of those risks
Risk analysis and management is a key project management practice to ensure that the least number of surprises occur while a project is underway. Predicting the future with certainty is difficult, however we can apply a simple and streamlined risk management process to predict the uncertainties in projects and minimise the occurrence or impact of these uncertainties. This improves the chance of successful project completion and reduces the consequences of those risks.
The project risks, constraints and dependencies activity in Stage 0 is the beginning of developing a robust risk management structure for the lifecycle of a project.
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