Project Risk Management

by Carole Edrich

All human endeavors face constraints. Some are anticipated, others are not. They arise from both internal and external influences and are accompanied by a degree of uncertainty. Problems or issues that could, by occurring, threaten or cause loss to a project are what really matters. Such risks are not merely internal but are also the result of the external environment. These can be as varied as a period where the skills of key project members are at a premium on the open market or the result of a slump in performance expectations (and therefore funding) for dot-coms.

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Project Risk Management 4 April 2001