Managing Project Risk

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Notes Managing Project Risk Benefits of Risk Management Minimize management by crisis Encourage proactive management Minimize surprises and problems Gain competitive advantage Decrease overall probability of project variances Increase probability of project success Increase profitability Focus on building the right product the first time Prevent problems from occurring, or if they occur, from escalating © ESI August 2007 dhy01-01.ppt 1-18 © ESI August 2007 dhy01-01.ppt 1-18
Notes Managing Project Risk Responsibilities in Risk Management Project manager Initiate and lead the risk management process Provide direction to the project team on the risk management process and tools Project team Understand and follow the risk management process Execute risk management strategies Report status on the risk management process © ESI August 2007 dhy01-01.ppt 1-19 © ESI August 2007 dhy01-01.ppt 1-19
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