CHAPTER 7

Managing Strategic Risk

A risk unknown is still a risk taken.

—The Authors

Nothing ventured; nothing gained

—Anonymous Proverb

Learning Goals

By the end of this chapter, you will have learned to

know how to determine the strategic risks inherent in managing projects.

Learning Objectives

By the end of this chapter, you will be able to

identify the major strategic risks to your project;

analyze and respond to project strategic risk;

create a risk register and risk management plan for your projects.

Introduction

As far back as Chapter 2, it was stated that all projects entail some amount of risk. Indeed, risk management is often included as a part of most project management texts. For our purposes, we are interested in ...

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