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Succeeding with Senior Management by G. Michael Campbell

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Executing Risk Mitigation Strategies and Executive Sponsor Support

AS PROJECT MANAGERS, we all know that risks will always be present during the course of a project. Many risks will never materialize, and the planning for risks will remain just that—planning. However, a smart project manager will know which risks might require the participation of the sponsor as part of the strategy for managing risks when they do occur. As we know, most project managers must manage three types of risks during the course of a project (see Figure 13.1):

1.Technical risks

2.Business risks

3.Organizational risks

Figure 13.1: Traditional Risk Breakdown Structure ...

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