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Successful Project Management: Applying Best Practices and Real-World Techniques with Microsoft® Project by Bonnie Biafore

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Chapter 15. Managing Risk

IN THIS CHAPTER, YOU WILL:

  • Learn the benefits of managing risks

  • Understand the components of a risk-management plan

  • Learn how to identify and assess risks

  • Discover methods for choosing the risks to track

  • Learn how to respond to risks

  • Learn how to track risks

“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.”

WINSTON CHURCHILL

Projects are often tied to opportunities—everything from bringing a new product to market to improving your home for more enjoyment or resale. But opportunities invite risks—large and small—and risks can threaten a project’s budget, its schedule, and the quality of its results. Some risks are more likely to occur than others, and some risks produce ...

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