Managing Risk

Scanning the Hazy Horizon

Key Topics Covered in This Chapter

Identifying and prioritizing risks to the project plan

Avoiding and minimizing risks

Contingency planning


EVERY PROJECT PLAN includes assumptions—about task performance by project team members, the time required to complete key tasks, the future availability of resources, the collaboration of allies, and so forth. Risks lurk in each of these assumptions. What if the techies in the R&D lab cannot produce a workable prototype?What if a key member of the project team is hospitalized for a month—or leaves the company? How would the project be affected if a supplier ...

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