Risk Management Process

Should we have the same Risk Management Process for all our projects within our organization?


Yes, yes, and yes. Regardless of your project size, length, and industry, every /risk Management process for projects should have the same steps. These steps include the identification of the risk, review of the risk to determine its likelihood of occurring and impact should it occur. Finally the process should include a set of actions which are undertaken to mitigate that risk. If you can implement the same risk management process for all of your projects then you will gain economies of scale by building an efficient process which quickly and easily helps to mitigate risk through out the project life cycle.

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