Risk Management – a risk itself

Risk Management – a risk itself

Development Sector, Project Management, Tools
This article was originally published by Trevor K Nelson. We hear (and use) the terms Risk Identification and Risk Management to generally mean two distinct things. The identification of potential risks, and then after they’re identified, the management/mitigation to prevent those possibilities. But in reality they’re variations of the same process. True. Risk Identification is the process of simply that – identifying potential risks to the project. And Risk Management is the process of mitigating against those potential risks. But it doesn’t stop there. Risk Identification isn’t something that’s done a the beginning of the project, and then you shift to Risk Management. Risk identification is an ongoing process that should be done (at the very least) at the beginning of each new phase. Each new phase, each new work…
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