January 2002
Intermediate to advanced
288 pages
6h 9m
English
Once a project manager has identified and prioritized the risks, the question becomes what to do about them. Knowing the risks is of value only if you can prepare a plan so that their consequences are minimal—that is the basic goal of risk management. You minimize the effects of risk in the second step of risk management: risk control. Essentially, this step involves planning the risk mitigation followed by executing the plan and monitoring the risks.
Once risks are identified and prioritized, it becomes clear which risks a project manager should handle. To manage the risks, proper planning is essential. The main task is to identify the actions needed to minimize the risk consequences, generally ...