Risk analysis and management in projects

Shubhika Gaur
G L Bajaj Institute of Management, Noida, India
Vibha Maheshwari
G L Bajaj Institute of Management, Noida, India

Abstract

Indeed, according to the saying of masters, evaluating the risk and management is a fusion and obligatory step in the management of project that insures its triumph. Risk analysis and management is considered to be a very crucial part in the field of project management. It is based on the principle, that is, to minimize the cost-effective analysis about the effects and risks involved in the particular project. This chapter explains the various types of project management approaches based on the business strategy. This chapter also highlights the principles ...

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