Facing Project Risk
In this hour you will learn about …
• Evaluating risks of the project.
• Evaluating risks to the project, again.
• Developing project contingencies.
Planning for project risk is one of the most important considerations in executing a successful project. In addition, project risk is considered at least twice in the planning process. In the following sections of this hour, you’ll learn about two categories of risk to consider when developing your project plan.
UNDERSTAND TWO CATEGORIES OF RISKS
A risk is any potential event that might delay a project, increase its cost, or otherwise harm the project. In today’s project management processes, we use the term risk to describe two different ...