In this chapter
Understand why managing risks is what project management is all about
Learn the key principles of controlling project risks
Learn the value of managing project risks in a systematic manner
Learn the essential steps and tools for effective risk management
Realize that there is a common set of project characteristics that are responsible for most project risks
Understand why many project risks are actually self-inflicted during the project planning process
Managing project risks is the ultimate in proactive project management. It is the project manager's radar system. The goal of project management is to achieve the project's critical success factors, including meeting the targeted business objectives ...