Risk

Purpose

Risk is a major factor to be considered during the management of a project. Project management must control and contain risks if a project is to stand a chance of being successful.

What is Risk?

Risk is defined as:

'The chance of exposure to the adverse consequences of future events'

 

There are a number of 'standard' risks that may affect the project (i.e. they affect all projects). Some examples of these appear under the next heading Types of Risk. There will be other risks that are project-specific, i.e. they exist because of a particular project and its circumstances.


Types of Risk.htm

Managing Risk.htm

Risk Analysis.htm

Risk Management.htm