Project Risk Management: A Practical Implementation Approach

CHAPTER

12

Project Management Tools and Techniques Affecting Project Risk

The previous chapter focused on monitoring and controlling risks—the final step of the classical project risk management process. A key takeaway from that chapter is that monitoring and controlling project risk is usually dependent upon the output from several other project management tools and techniques that facilitate the process. This chapter expounds upon that assertion—that project management is, in essence, project risk management. There are several project management tools and techniques that have evolved over the course of time to help manage these various categories of risk, and improve the likelihood of successful project execution. Their genesis was ...