Manage project risk Every project contains risks\u2014for example, a\tsupplier to whom you’ve outsourced an important task falls a month behind schedule or a key member of your project team is suddenly hospitalized for several weeks. While executing your\tproject, you need to practice risk management: identifying key risks and developing plans\tfor preventing them or mitigating their adverse effects. Some risks are relatively easy to\tanticipate; others are very difficult.
\nTo manage anticipated risks,\tapply this process:
\nConduct\ta risk audit
\nTake\tactions to avoid or minimize risk
\nDevelop contingency plans
\nTo manage unanticipated risks, adopt an adaptive project management model, in which you approach the project in smaller, iterative stages.<\/p>\n","protected":false},"excerpt":{"rendered":"
Manage project risk Every project contains risks\u2014for example, a supplier to whom you’ve outsourced an important task falls a month behind schedule or a key member of your project team is suddenly hospitalized for several weeks. While executing your project, you […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[18,12],"tags":[],"class_list":["post-620","post","type-post","status-publish","format-standard","hentry","category-project-management","category-risk","clearfix"],"yoast_head":"\n