Practical Project Risk Management, Third Edition, 3rd Edition

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Active Threat and Opportunity Management—The ATOM Risk Process

The benefits of formal risk management are undeniable and clear for all those who care to see. Even though this fact is recognized by many organizations, the reality is that risk management is rarely implemented effectively, often despite well-defined processes, the existence of proven tools and techniques, and many training opportunities for those who need it. If this is the case, then where is the problem? It appears that ineffectiveness stems largely from project managers and their teams not knowing how to actually do risk management. Clear, practical “how-to” guidance is obviously needed; this also meets one of the four Critical Success Factors (CSFs) for risk management outlined ...