Management of risk in projects

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Contents

Introduction and relevance

SUBJECT CHANGED TO "RISK IDENTIFICATION", please see/review that article instead


Definition

Definition of the term risk, and a comparison of the related subject uncertainty. Defining and debating risk as Risk = probability * consquence

Benefits

The arguments for using risk management in projects

The risk analysis

Elaboration on how a risk analysis is performed, and how it can be used as a management tool for steering and controlling

Management of risk

How the project leader can handle the risks in the project in an optimal way, by using the risk analysis as a management tool


Limitations and critique of risk management

Drawbacks of giving risk management too much attention in project management

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