Millions and even billions of dollars are lost by not managing risks effectively. Risk management is critical for project success. By not identifying potential downfalls, it is almost certain your project will face turbulence and not achieve its goals and expectations. This can lead to a project getting shelved and losing a valuable client. The aim of this guide to Risk Management is to not only provide basic, but also expert guidance on managing risks.
Risk Management begins with identifying risks and then assessing them both qualitatively and quantitatively. A Risk Breakdown Structure is useful in Risk Identification; while risk assessment helps you prioritize. Read more in the full and comprehensive guide.
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