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PM Crash Course™ for IT Professionals by Martha Young, Rita Mulcahy

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Chapter 13. Preventing Problems: Identifying and Managing Risk

<feature><title>Goals of This Chapter</title>

Upon completion of this chapter, you should be able to:

<objective>

Explain the process of risk management

</objective>
<objective>

Define and explain how to establish reserves

</objective>
<objective>

Develop a risk management plan as part of project planning

</objective>
</feature>

A project manager was excited to be working on one of the most important projects in the company. Partway through the project, a supplier to the project suffered a shutdown of one of their main facilities, thereby delaying shipment to many of their clients. That project manager was leaving work that day when one of his company’s senior managers stopped him and said, ...

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