The Project Workout

23 Managing what might go wrong (or right)

Risks

1. Considering possible threats and opportunities
2. Addressing threats at the start of the project
3. Addressing opportunities at the start of the project
4. Monitoring risks once the project is in progress
5. Tips on using the risk log
6. More sophisticated risk evaluation techniques

Taking active steps to reduce the possible effects of risks is not indicative of pessimism, but a positive indication of good project management.

“It is certain because it is impossible”

TERTULLIAN, c AD 160–225

• Risk management starts when the project starts.
• Reduce the likelihood of threats materializing.
• Contingency plan in the ...