Risk Management

To any project manager, project risk management is one of the most important aspects of project planning. You cannot start a project without fully understanding the risk involved in achieving your outcome.

If you could have a problem with your schedule – Risk

If you could have a problem with your budget – Risk

If you find a way to fast-track without spending additional funds – still a [positive] Risk

No other element of the project lifecycle, like risk, can lead to a project going over budget, falling behind schedule, or flat-out failing.

To understand the relationship between the project manager and the project risk manager, we must first go over project management and risk management in detail.