17.2. Risk Management
How can risk management be viewed from a business perspective?
Managing risks is a fundamental aspect of any business. Most managers understand that market threats and opportunities (read as risks) can drive enterprise business strategies. From a business perspective, risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on specific planned or in-process strategic initiatives and their supporting objectives. The consequence of these changes can have technical, schedule, or cost impacts; often, risk affects all three.
Many managers view risks as having negative consequences, but potential changes can also present positive opportunities, such as additional customer funding, (i.e., positive ...
Get The Power of Enterprise-Wide Project Management now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.