Radical Project Management

Risk Containment or Reduction

In many cases during the risk assessment process, the project manager and the team will be able to identify strategies to minimize or eliminate the risk factors. For example, if the team is perceived to be a high risk because of lack of experience in the development platform, the recruiting of experts or hiring expert contractors can control the risk. All high risk factors that cannot be constrained or eliminated during the risk assessment sessions should have a risk memorandum developed for them, documenting the risk, the impact of the risk on the project, what actions the steering committee and project sponsor can ...