3THE RISK MANAGEMENT PROCESS

Chapters 4 through 8 describe a five-step process for managing project risk, each chapter covering a step. These chapters present detailed material and suggest many variations to consider in adapting it to your needs. However, to aid in keeping the complete picture in perspective as you proceed, we’ll begin with an overview of the five steps. This overview also serves as an executive summary for those who would like to understand the process without delving into its details.

The process described here is the one used by major telecommunication equipment and defense communication equipment manufacturers, and for continuity it will form a unifying theme throughout the next five chapters. This version has successfully ...

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