Project Risk Management: A Practical Implementation Approach

CHAPTER

9

Overall Project Risk Analysis

Project sponsors and organizational stakeholders usually need some relatively representative cost and schedule risk assessments to either: (1) approve the project, (2) shut the project down, or (3) take higher-level remedial actions (i.e., change project objectives and/or organizational risk tolerances) to keep the project alive. Project managers should be able to provide this insight. Some useful tools and techniques are available for consideration. The information within the following sections provides some practical guidance relative to their utility.

Also noted in Chapter 8, the overall project risk assessment usually focuses only on project cost and schedule objectives, for in general, the ...