Contemporary Approaches To Project Risk Management: Assessment & Recommendations

In order to manage risks, we have to define what
risk is. From the OXFORD dictionary, risk is defined as 'possibility of
meeting danger or suffering harm'. With this definition, it makes us
feel that there is a need to avoid risks especially when managing
projects. But unfortunately, like what all risk managers know, risk can
never be avoided BUT it can be reduced and that is what management
wants to hear. And unfortunately again, risks are often ignored. By
abolishing constraints and reducing ambiguities, risk can be minimised
to an acceptable level. Project risks may be accidentally overlooked by
those who just do not have time to look into it or those who want to
avoid serious delays.

Read the Full Paper (PDF) by Mohamed Noordin Yusuff.

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Author: Xavier Ashe

Entrepreneur, Infosec Executive, CISSP, CISM, Ironman triathlete, traveler, UU, paleo, father of 8, goyishe, gamer, & geek. http://linkedin.com/in/xavierashe

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